Benefits You Get When You Invest in China
Establishment of a company does not require any Chinese partners.
The country enables you to buy real estate if you invest in it.
What are the Procedures to Start a Company in China?
Obtaining a license, by:
- Choose a company name.
- Renting a site to set up the company.
- Submitting a license application with the Chinese Ministry of Commerce.
Opening a bank account.
Following the import and export registration procedures, and the tax procedures.
Bringing a copy of the original commercial registration in case you want to open a branch for your company in China.
Also read: A Simplified Definition of Commercial Law
An authorization from the parent company to the manager who will undertake these procedures.
In case the company is a start-up, you must deposit sixty thousand dollars in the bank account.
Types of Companies in China
Commercial Representation Offices
They are subsidiaries of companies in other countries. This type is not entitled to do business in China, but only to follow the business of the parent company.
It is to partner with a Chinese or foreign person to set up a company and start doing business.
Commercial Investment Company
Investment funds are pumped into it, and its capital is deposited upon incorporation or after several years according to the city law.
Free Zone Companies
You can set up these companies in the free zone. This type of company enjoys government exemptions and some advantages.
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