How to Register a Trading Company in China || Taxation || Work Permit || Residents Permit.

The Complete Procedure for China Company Registration
1. Choose an Agency to Help You with the Registration
While the Chinese administration has put a lot of effort into supporting businesses, we must indicate that registering a company is not a simple task. From the interpretation of the company laws to preparing the required documents, the process can be overwhelming. But this should not dampen your resolve to expand to China. The best and sure option is using an agency.

Agencies are run by professionals who have helped other investors with China company registration. So, they know the best steps that you should follow, and the mistakes to avoid. Well, if you want to complete the registration faster, professionally, and enjoy every step, work with the best China company registration firm.
2. Select the Preferred Company Scope
In China, the government has categorized its sectors and put emphasis on areas with the potential to grow the economy faster. To learn about the categories, you should check the Catalog for the Guidance of Foreign Investment Industries. It is updated regularly, with the government encouraging investors who are focusing on innovation. For example, if you are in manufacturing, the business venture will be greatly supported by the administration. Well, this is the reason why Chinese manufacturing has exploded in a way never seen anywhere in the recent past.

3. Prepare the Required Documents
In order to get authorized to start operating your company, you need to prepare an assortment of documents and submit them for approval. Here are the documents that you need:

The company name. To get the company name, you should seek approval from the Administration of Industry and Commerce. This is very important to ensure that your name does not conflict with others already in operation. Note that this approval can take between two and fifteen days depending on where you want to open the business.
The list of controlling partners. These are the shareholders who hold the majority of shares in the company that you are incorporating. To avoid getting into trouble later, it is advisable to confirm that the business partners are allowed to hold shares in China.
The managerial structure. This is the complete business operational profile that includes the board of directors, supervisors, general manager, and the legal representative. This structure should be accompanied by copies of the directors’ passports.
The legal address. This is the official headquarters of the company where the authorities can seek answers to any issue about the company. The address should include details such as phone number and email of the house or landowner.
Articles of Association. This is another crucial document during China company registration process. It contains important information on business description, including the scope that you intend to operate in. In the document, you outline the core details of the business, including the managerial structure and the methods to be used for returning profits.
Registered capital and total investment.
A feasibility study.
4. Apply for Approval Certificate
In order to get issued with an approval certificate and operating license, you need to deal with two entities. One, the Ministry of Commerce (MOFCOM) and State Administration of Industry and Commerce (SAIC). These authorities will review your application and notify you if the certificate has been approved or declined.
5. Apply for Business License
Once issued with a business certificate, you will need additional license/s depending on the niche you are operating in. In China, businesses in manufacturing, food, beverages, construction, and telecoms require additional licenses.

6. Register with the Public Security Bureau (PSB)
This registration helps you to get the company chops. In China, company chops are equivalent to the value of signature in western countries. If you do not have a chop, it is impossible to validate any contract.

7. Open a Bank Account
For your business to start operating, it must have a bank account. A Chinese bank account allows the company to get paid and be able to pay bills. The bank account will also come in handy when filing returns.

8. Register at the Tax Bureau
In China, all companies, including the wholly foreign-owned enterprises, are required to comply with the Tax regulations. Therefore, you should first register the business basic financial and operating info such as CFO verification and category, among others. When still at this, you need to note different taxes obligation. They include:

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