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registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
4935.00 USD 2400.00 USD 1 25.00% 1.00 Да

Company Formation in China

China company registration

Law & Trust International offer our clients, the services of incorporating, formating and registering a company in such cities ofPeople’s Republic of China (PRC): Beijing, Shanghai, Guangzhou, Shenzhen, Dongguan, Hangzhou, NanJing, Qingdao, Suzhou. Our team of lawyers is ready to assist you with any documentation (collection and preparation) processes, provide full legal support for you, the client, and post registration/incorporation services for the company.

The Incorporation process of a new company in China (PRC) may sometimes delayed due to the need to obtain permits for particular activities from the Chamber and Ministry of Commerce (MOFCOM) in China.

In some cases, registration of a company in the People’s Republic of China (PRC) can take up to a year with the information concerning the cost of maintaining the procedure and amount payable to the state duly specified by contacting our company. Our Lawyers make a detailed cost estimate for you, including all the details up to subsequent accounting and tax audits. The final cost depends on the specific region of the company's registration in China (PRC), the number of founders and other various factors.

Advantages of Company Formation in China

Below are some of the reasons why you should think about starting a company in the People’s Republic of China (PRC):

  • Production of goods or provision of services and sale to the local target audience. Higher sales in China as the local market (consumers) get a boost  of being the world’s most populous nation and the second largest economy.
  • Sale of goods or services produced abroad to local residents.
  • Importation of goods of any nature from other countries.
  • Conducive atmosphere for the management of any business processes or conduction of market research in the territory of the country.
  • High labour force and low labor costs - with a labour population of 998.3 million (as per Reuters statistics), and the cost of labour not yet as high as the western world. 
  • Extensive support from the Chinese government facilitating investments and the growth of business. 
  • The Chinese market is huge and it is still growing, thus, your company has the opportunity to keep growing in the market. 

Requirements of Registering a Company in China

The following requirements are needed to open a company, depending on the type of the company.

  1. For WFOE (Wholly Foreign Owned Enterprise), minimum level of capital is 30,000 USD.
  2. The list of goods or services that the company will produce and provide respectively should be provided at the stage of registration of business in China. The state allows you to interact only with those names that were declared earlier, going beyond the subject of activity creates basis for administrative punishment.
  3. Organizational and legal form: Limited Liability Company or joint stock company. Our lawyers recommend the first form, as it is less demanding.
  4. Type of capital. Registration of companies in China can be conducted both with local and foreign capital. For non-residents it is recommended to choose the second type, as it eliminates the risks associated with the establishment of the joint venture.

Types of Company Registration in China

The following are the different types of companies available for set up in the People’s Republic of China, they include:

  • Wholly Foreign Owned Enterprise (WFOE) - China WFOE formation is the most popular company set up in the country.
  • Sole Proprietorship
  • Partnership
  • Private Companies
  • Public Companies
  • Representative offices (RO)

Business In China: Taxation

In the territory of the PRC (China), there are two main types of taxation: VAT and income tax. Foreign trade companies can rely on moderate benefits from the state, and the degree of reduction in tax rates is partially dependent on the type of activities of the company and significantly on the region of registration of the company in China (PRC). Details on the rates can be discussed with the specialist of Law & Trust.

  1. VAT is payable due to general or simplified form. In the first case, the company is obliged to pay 16% of its turnover to the state treasury , the profit margin is not important. Simplified form is introduced in exceptional cases, and the rate equals to 4%.
  2. Corporate income tax is 25%. 20% - for small enterprises and 15% for state-encouraged new high-technology enterprises.

china companies registry

How to Register a New Company in China: Procedure

The following below are a guide on how to register a company in China.

  1. Law & Trust works with the client to get a business name that will be translated in Chinese, and registered with the authority of Commerce and Industry Administration.
  2. Law & Trust confirms with the Ministry of commerce in PRC for the establishment of the new company 
  3. Registration documents and reference will be sent to the authority for registration of the company.
  4. The fourth stage includes registering the new business with all necessary authorities: tax service, organizations of quality control and statistics, social security authority.
  5. Law & Trust International notifies you of the progress made during the registration process and once, the company is incorporated.

The lawyers of Law&Trust will help you register a company in China. You can contact us for free consultation at any time. We are capable of providing consultations both in the office and remotely.

Chinese Company Formation FAQS

  • How much does it cost to set up a company in China?

The total cost of registering a company in China starts from $4935 depending on the type of company. The total cost of registration includes comprehensive review, registration service, business incorporation and registration certificates.

  • How long does it take to register a company in China?

It takes from three (3) months for full registration of a company in China.

  • How to setup a company in China as a Foreigner?

Contact Law & Trust today to get a professional overview on how to setup your company as a foreigner in China, consultation is free.

  • Do I need licenses and permits in China?

Yes, a license or permit is required, when planning to run a business in PRC.

  • Is an offshore company registration possible in China?

There are specific administrative regions that provide more a favourable atmosphere for the registration of an offshore company.

WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?

  • Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services.
  • Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services and audit, tax planning and optimization, trademark and patent registration, and many more. Top professionals are always available to help your business.
  • Thorough domestic service: Law &Trust ensure our services cover every province or region in China. No matter where you decide, be rest assured we got the location covered.
  • Free initial advice: Lawyers of Law and Trust provide free initial advice, as well as services for analyzing and developing a legal position on the issue you have raised.
  • Fast and safe: Law&Trust keeps every clients’ details secured.
  • Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

Ready for Company Incorporation?

If you are interested in registering and incorporating a company in China, Law&Trust International can help. Send us an email or simple pick up the phone and call to take the next step in your business today!

Set of documents
   
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Nominee director and shareholder
 

Price: +1645 USD

 
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General information
Square9 596 960.00
Population1 343 240 000.00
CapitalPeking
State polityCommunist state
Telephone code86
Place in the world in corruption75
locationEastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam
ClimateExtremely diverse; tropical in south to subarctic in north; avg. maximum temperature (July) +25°; avg. minimum temperature (January) -7°
Literacy rate92.20%
Ethnic groupsHan Chinese 91.5%, Zhuang, Manchu, Hui, Miao, Uyghur, Tujia, Yi, Mongol, Tibetan, Buyi, Dong, Yao, Korean, and other nationalities 8.5% (2000 census)
National currencyChinese Yuan (CNY)
USD exchange rate6.31
GDP per capita120
Official languageChinese
Credit ratingA+
The judiciaryHigher People's Court, the Local People's Court, Special People's Courts
Executive authorityHead of government: Prime Minister, executive vice-premier, vice-premiers. Government: State Council appointed by the National People's Congress
Legislative authoritiesunicameral National People's Congress (2,987 seats)
Corporate information
Opportunity to purchase ready-made companiesNo
The use of the Cyrillic alphabet in the nameNo
Local registered officeNo
Organizational and Legal FormsEquity Joint Venture (EJV), Contractual or Co-operative Joint Venture (CJV), Wholly Foreign-Owned Enterprise (WFOE); Foreign Investment Joint Stock Company (FIE) and Representative Office
Indication of BPA in the nameLimited or Ltd
Local registered agentNo
Shares and share capital
The minimum amount of paid-in capital, nat. currency30000
Bearer sharesNo
Possibility to issue shares without par valueNo
Taxation
VATYes
Basic corporate tax rate25.00%
Capital gains taxNo
Currency controlNo
Corporate tax rates detailsStandard - 25%, 20% - for small enterprises and 15% for state-encouraged new high-technology enterprises
Stamp dutyNo
Other taxesVAT 16%
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedNo
The data reveals to the local agentYes
Data field to the public registryYes
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerYes
Shareholders residency requirementNo
Information about the beneficiary is disclosedYes
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsYes
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnYes
Open access to the Annual ReturnNo
The requirement for reportsYes
Treaty on avoidance of double taxation (States which signed)65
Membership in the OECDNo
Is it offshore according to Russian legislationNo
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
67.50 67.50 432.00 396.00 0.00 0.00 499.50 USD 463.50 USD
«TRADEMARK» refers to «Wordmark» or «Logo»

135.00 135.00 864.00 792.00 0.00 0.00 999.00 USD 927.00 USD
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

In China, in order to protect both "Word mark & Logo" optimally, it is required to submit 2 separate applications for this reason the price is double the price of "word mark or logo". The Trademark Registration Request considers a product/service description of up to 10 items; each additional item has a fee of USD 30 for a word mark or a logo registration, and USD 60 for a combined mark registration.
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