Step 1: Pre-registration preparation
Important: All businesses in China are required to designate a supervisor and responsible finance person certified by real name authentication. The supervisor and responsible finance person cannot also be the executive director or the legal representative. If required, Integra can act as your supervisor and designated finance person on the basis of a Know-Your-Client (KYC) relationship.
During the pre- registration, we will help you select a Chinese name for your new business as well as draft all the necessary documents necessary for the application. Documents required vary depending on the legal entity type and the shareholders involved. We pre-screen all documents and application details to ensure you can get on with your business as quickly as possible.
For a detailed list of documents required, please contact us for a free consultation.
Step 2: Application Process
Registering a business happens in two phases. First, the business scope must be approved by the Ministry of Commerce and then the State Administration of Industry & Commerce issues the business license. From start to finish, registering a business in China takes roughly 5 weeks.
Note: Although the business is now registered, it cannot yet make or receive payment, hire employees, file its taxes, or issue VAT invoices (fapiaos).
Step 3: Post-registration procedures
Once the business license has been obtained, Integra will help you complete the following procedures:
Carving the company seal (aka. Chop / Chomp)
Opening company bank account
Registering with the tax authorities
Registering with the social security bureau
Registration with the customs authorities (if applicable)
Obtaining special licenses (if applicable)
Application for an Alien Employment Permit (if applicable)
In addition to business registration, completing all of the necessary procedure above takes between 2-6 weeks, depending on the tax registration status and other factors. Once completed, the business can commence its operations, including; hiring employees, making and receiving payments, issuing invoices, etc.
Note: Special licenses and Alien Employment Permit can take more than 6 weeks to obtain.
Step 4: Monthly, Quarterly and Annual Compliance
All businesses in China are required to meet monthly, quarterly, and annual compliance requirements, regardless of if they had any turnover. Integra Group provides flexible bookkeeping and compliance services to help you meet all your compliance requirements.