Set up Your Business in China

Guide: To set up your business in China requires to open a company in China. Now we are going to see how to open a company to help you set up a business.

Nowadays, China is one of the best countries to set up a business because this country is safe and with good economy. In Guangzhou China, you can see many foreigners with some of them being employees to big brand companies and some of them opening their companies to be the boss. So how do you set up your business in China?

To set up your business in China, you need to open a company first. Nowadays, there are many agents to help clients to open a company. If you choose an agent, you need to ask them the procedure, the time, the fees. And you need to know whether they are professional or not. You can know this by how they talk and what documents they give you.

Basically you need to provide the followings first to open a company.

First, a passport

Second, a bank reference letter from outside of China

Third, to rent an office in China and get a lease contract

You need to wait about 3 months that your company licenses are finished. Usually the agents will help you get the licenses, get the company seals and take you to the bank and open bank accounts.

What other licenses do you need if you do specific business?

In China, most foreigners do trading import and export business. They will ask for shipping companies to help them transfer the goods. However, there is an export tax return. Export tax return means your company buys goods from supplier. They have already paid the tax. In the export field, they don’t need to pay any tax. After they export the goods, they have tax return within one year from the government. But if your company wants export tax return, you need to have an import and export license. This is what we call other licenses for specific business.

How much tax do you need to pay?

Corporation income tax 25%

VAT is 17% if you are general tax payer; and 3% if you are small company tax payer

What about accounting?

China company accounting is done by month. You need to provide bank balance sheet, bank slips and invoices original for book keeping.

What about annual return?

China company annual return is different from most of countries. You need to authorize an audit bureau to give you audit report and tax report.

This is the basic about company registration and how you set up your business in China.

For more information, you can contact:

Contact Person：Tindy XU

Hongkong Dada Enterprise Services Limited

Mobile: +8613570426968

Wechat: 13570426968

Whatsapp：+8613570426968

QQ: 2723207784

Telephone: 86-020-28071838

Email: service@dada-hongkong.com

Website: www.dada-hongkong.com www.dada-hongkong.net

Address：Room 2501, South Tower, World Trade Centre, 371-375 Huanshidong Road, Yuexiu District, Guangzhou, China (Line 5, Taojin Metro Station, Exit B)