If you plan to start your own company in China, you are definitely on the right track.
The combination of China’s massive consumer market and fast-growing economy makes the country an excellent base for businesses. However, language barrier and complex laws make it challenging for many foreigners.
This article will provide detailed information on how to set up your own company in China. We are ready to help you with every single step.
Let’s get started!
Step 1 – Choose a company or agency to guide you through the process.
Step 2 – Prepare all your documents.
Step 3 – Choose your office and sign the office lease contract.
Step 4 – Choose your company representative.
Step 5 – Choose your business scope.
Step 6 – Apply and wait for the business license.
Step 7 – Company Seals
Step 8 – Bank Accounts
Let us Help you Set up a Company in China
Steps on How to Successfully Register Your Company in China
Here is the step you can follow to open your Chinese company:
Step 1 – Choose a company or agency to guide you through the process.
As a foreigner, especially one who does not speak or understand the Chinese language, It will be an almost impossible task to set up a company on your own. Aside from the language barrier, the Chinese system is challenging to navigate. This is why getting an agency to help you through the entire process is advisable. At EntrytoChina.com, we make the whole process fast and easy for you.
Step 2 – Prepare all your documents.
Once you have chosen an agency to work with, the next step is to prepare your documents.
As far as China is concerned, your documents are the most sensitive and essential part of this process; you must take them very seriously. It is important to ensure that it’s all complete and everything is accurate and up to date.
What are the documents you need?
- Company’s shareholder identification – Your company’s shareholder’s identification is first the document you must provide. It is essential for the process.
- Foreign passport copy – This is only for individual foreign companies and must be authenticated by the Chinese embassy in your home country.
- Business license – This is only for foreign corporations. It has to be authenticated by the Chinese embassy in your home country. If the shoal fee is for a foreign individual currently living in China, there is no need for a certified copy; you must present a valid passport, valid visa, and entry stamp.
- Legal representative passport copy – This needs to be certified by the Chinese embassy. If the legal representative currently lives in China, they need to show the original passport, its entry stamp page, and the valid visa page.
Step 3 – Choose your office and sign the office lease contract.
Once steps one and 2 are sorted out, it’s finally time to move on to step 3, which is finding your office and signing the lease contract.
- The contract must be signed by a potential legal representative of your company, who must also provide a copy of the office property certificate. If the landlord is a company, a copy of its business license with a stamp will be required in addition to the landlord’s identification copy.
Step 4 – Choose your company representative.
It is time to appoint a manager, director, or supervisor for your company. They must bring a copy of their passport or identification. A certified copy of their foreign passport from the China embassy is required if they are a foreigner. If they live in China, the original passport with its valid visa page and entry stamp page is necessary.
Step 5 – Choose your business scope.
- Choose your China company’s business scope; for example, if the China company wants to do trading, we could choose wholesale clothes, car accessories, wholesalers of furniture, and so on. If the China company wants to provide business services, we can select from information consulting, management consulting, technology consulting, etc.
Step 6 – Apply and wait for the business license.
Now you apply for the business license and wait for it to get approved. This step usually takes about five days.
Step 7 – Company Seals
Once your business license is out, you then go ahead and make the
- official company seal,
- financial seal
- legal representative
- name seal.
Step 8 – Bank Accounts
Finally, you can open a corporate bank account for your Chinese company. You can select from ICBC, Bank of China, ABC, CCB, or China Merchant Bank.
Let us Help you Set up a Company in China
Establishing a business in China is a simple process. However, as a result of the language barrier and the cultural gap, you will need help to figure out the Chinese system on your own. In situations like this one, it is crucial to seek the feedback of specialists before beginning the process.
Contact us today to kickstart your entry into the vibrant Chinese market! We offer a wide range of services to meet your individual business needs.
