China Company Start-up Checklist Part 2
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
China Company Start-up Checklist: Part 2
Introduction
This article continues from "China Company Start-up Checklist, Part 1," outlining critical steps to be completed within 30 days after obtaining a Business License in China.
Key Steps
1. Engrave the Enterprise's Official Seal
Secure prior approval from the municipal Public Security Bureau. Required documents include:
- Original and copy of the Business License
- Introduction letter signed by the Chinese partner
- Power of Attorney and submitter’s ID (passport for foreigners)
2. Obtain the Enterprise Legal Person Code
Issued by tax authorities supervising your project, this requires:
- Company seal
- Business License and photocopy
- Original and photocopy of Project Approval Certificate
- Pre-reserved Legal Person Code
- Legal representative’s ID (or passport for foreigners) and application form
3. Register with the Bureau of Foreign Exchange
Managed by the municipal Bureau of Foreign Exchange. Necessary documents include:
- Business License
- Feasibility Study Report
- Joint Venture Contract
- Articles of Association
- Project Approval Certificate
This registration is crucial for opening a foreign exchange bank account.
4. Open Bank Accounts
Select a bank for accounts in local and foreign currencies. Note that some localities require a local branch. Ensure the bank is authorized for foreign exchange, with Bank of China being a popular choice.
RMB Account requires:
- Business License copy
- Project Approval Certificate copy
- Power of Attorney from the Board Chairman
- Completed account application form and seal specimen card
Foreign Exchange Account needs:
- Business License copy
- Foreign Exchange Business Certificate
- Power of Attorney from the Board Chairman
- Completed account application form and seal specimen card
Requirements may vary by bank.
5. Register with Tax Authorities
National and Local Tax Registration:
- Local: Handled by the Foreign Taxation Sub-bureau or local district/county taxation bureau, depending on investment size and jurisdiction.
- National: Conducted at a State Tax Bureau branch.
Required documents:
- Copies of Business License, Project Approval Certificate, legal representative’s ID (or passport)
- Project Proposal
- Tax Registration Card
- Joint Venture Contract and Articles of Association
- Bank account certificate
- Names of directors
- Completed tax registration form
A Tax Registration Certificate will be issued.
6. Register with Customs
Handled by the local Bureau of Import and Export Commodities, or specific customs houses in economic zones.
Documents needed:
- Application form
- Business License copy
- Project Approval Certificate
- Joint Venture Contract and Articles of Association
- Tax Registration Certificate
Export enterprises should register for preferential treatment.
7. Issue a Capital Verification Report
This report confirms the injection of Registered Capital by investors and is issued by a licensed accountant in China. Submit it to the examination authority and the Administration of Industry & Commerce.
8. Register with the Statistics Bureau
Managed by the local Statistics Bureau. Required:
- Registration Form with enterprise seal
- Business License and Enterprise Legal Person Code Certificate
- Qualification Certificates (for certain projects)
- Project Approval Certificate and Capital Verification Report
9. Register with the Finance Department
Complete this step with the local Finance Department.
10. Register with the Labor Bureau
For social security payments, register with the local Labor Bureau.
Conclusion
Stay tuned for "China Company Start-up Checklist, Part 3," which will cover additional steps in the process.
You can find the original non-AI version of this article here: China Company Start-up Checklist Part 2.
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.