What we can do for you

  • We do all paperwork on forming the company in China
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand

How we can assist you further

  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

China Company Formation. WFOE China Company Registration

Main Characteristics and the basic rules of Company registration in China

China Company Formation

Financial Advantages

Taxation: Yes 25% taxes
Double Taxation Treaty Access: Yes, China has tax treaties with other countries to foster cooperation between China and other international tax authorities.
China Tax Information Exchange Agreements: Yes, China signed Exchange Agreements
Account Filing Requirements: Yes accounting or reporting requirements
Annual Return Filing Requirements: Yes annual return/ reporting requirements
Audit Requirements: Yes audit required.

China Company Formation

Registration Requirements

Share Capital: Minimum Registered Capital depends on nature of business.
Classes of Share Available for China company formation: Registered Shares
Bearer Shares: Not Allowed
Registered Office Required: Yes, required and must be maintained in China.
Shareholders: Minimum number is one
Directors: Minimum number is one. Can be any nationality and need not be resident in China. Corporate directors are not allowed.
Your Company language: Chinese
Name of your Company must be ended: Limited”, “Ltd”, “Company”, “Corporation”.
Documents required for China company formation: A certified copy of your passport or ID and proof of your residential address dated less than 3 months.

China Company Formation

Restrictions

For China company formation you cannot use words in your company names without justification: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading: None
Not permitted without a licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.

China Company Formation

Confidentiality and Security

Publicly Accessible Records: Yes public register of company officers (Directors, Shareholders, Secretary)
Nominee Shareholders and Nominee Directors: Yes, Allowed
Disclosure of Beneficial Ownership to Authorities: Yes
Meetings of Directors and Shareholders to be held: Anywhere
Stability: Political Stability is good, highly reputable country.

About China

China Company formation
Capital city: Beijing
Region: 4 Municipalities. Beijing. Chongqing. Shanghai. Tianjin. 23 Provinces. Anhui. Fujian. Gansu. Guangdong. Guizhou. Hainan. Hebei. Heilongjiang. Henan. Hubei. Hunan. Jiangsu. Jiangxi. … 5 Autonomous Regions. Guangxi. Inner Mongolia. Ningxia. Tibet. Xinjiang. 2 Special Administrative Regions (SAR) Hong Kong. Macao (Macau)
Political System: Single-party state
Government: Communist state, Socialist state Republic
Governing corporate legislation: Companies Law of the People’s Republic of China 2005.
Type of Law: Civil
Currency: Chinese Yuan (CNY)
Exchange Control: Yes under Provisional Regulations for Exchange Control of the PRC of 1981, as modified in 1985.
Language of Legislation and Corporate Documents: Mandarin.
Time Zone: GMT+8

China Company Formation – Benefits

  • Director and one shareholder who can be non-citizens of China and also, they do not have to reside in China.
  • Minimum capital can be as low as US$15,000.
  • China as the largest populated country in the world – the second largest world economy.
  • Manufacturing companies benefit in China from low labour costs.
  • Companies located in China benefit from low cost and can enjoy of support from a big service industry that has numerous financial institutions and shipping agents;
  • Lots of local industrial development zones.
  • Fifty four Export processing zones (EPZs) offer a reduced rate of corporation tax and  subsidised custom duties;
  • Subsidiary in China will be able to make use of almost a hundred double taxation avoidance treaties to reduce the withhold tax on dividends remitted overseas.
  • DTAAs have been signed by China with many world leading markets.

Our team of consultants are on hand to find out about your specific requirements and take you through the process from start to finish.