Expanding Your Business in China: Incorporation vs. Employer of Record (EoR)
Company Registration in China
How can Woodburn help you?
Market Entry Strategy
We provide strategic guidance on choosing the most suitable business structure for your company in China, whether you're establishing a limited liability company, foreign investment enterprise, or another entity. Our expertise includes navigating ownership restrictions, tax implications, and market access requirements, ensuring your business scope aligns with local regulations.
Company Registration Services
We handle all aspects of company registration in China, including preparing and filing the necessary incorporation documents, obtaining government approvals, and liaising with regulatory authorities on behalf of foreign companies. Whether you're forming a foreign investment enterprise or another type of business entity, we ensure that all requirements are met efficiently and accurately to expedite the process.
Business Setup Assistance
Beyond company registration, we assist with setting up operational infrastructure for businesses in China, including office space procurement, bank account opening, and recruitment of local staff. We leverage our extensive network of partners and service providers to facilitate a smooth transition for your limited liability company or foreign enterprise into the Chinese market.
Our service fee for China Company Registration starts at CNY 8,000,
providing an affordable option for those looking to set up their operations.
Setting up a company in China
Setting up a company in China involves several steps and regulatory requirements. Here's a general overview of the process.
It's important to note that the specific requirements and procedures for company registration in China may vary depending on factors such as the business structure, industry, and location. Therefore, it's advisable to seek professional assistance and conduct thorough research before initiating the company registration process.
Choose a Business Structure
01
Determine the most suitable business structure for your company in China. Options include Wholly Foreign-Owned Enterprise (WFOE), Joint Venture (JV), Representative Office (RO), and Foreign Invested Partnership Enterprise (FIPE).
Reserve a Company Name
02
Verify the availability of your desired Chinese company name and reserve it with the local Administration of Industry and Commerce (AIC). The name should comply with China's naming regulations and be unique.
Capital Contribution
03
Determine the registered capital required for your chosen business structure and contribute the funds to a Chinese bank account. Note that China has relaxed its requirements for registered capital in recent years, but certain industries may still have minimum capital requirements.
Obtain Approval & Business License
04
Prepare the necessary documents, including but not limited to the Articles of Association and lease agreement for office space. Submit these documents to the AIC for approval and obtain the Business License upon approval.
Apply for Registration and Taxation
05
Register your company with the local tax bureau to obtain a Tax Registration Certificate. Additionally, register for social insurance and housing fund contributions for your employees with the local authorities.
Open a Bank Account
06
Once you have obtained the Business License and Tax Registration Certificate, open a corporate bank account with a traditional bank; whether foreign or local. This account will be used for business transactions and capital management.
Seal Carving & Chops
07
Create company seals (commonly known as chops) for official use. These seals are used for signing contracts, agreements, and other legal documents in China.
Register with other Authorities (if applicable)
08
Depending on your industry and business activities, you may need to register with additional authorities such as customs, industry-specific regulators, or the foreign exchange bureau.
Compliance & Reporting Obligations
09
Ensure ongoing compliance with Chinese laws and regulations, including annual filings, tax reporting, and compliance with labor laws and regulations.
Schedule a 30-mins complimentary, no-obligation call to see how Woodburn can help you. Book a call with our Head of Business Advisory - Kristina Koehler-Coluccia.
Topics we can advise on include:
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The process to setup a China company
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The minimum requirements to setup the company
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Woodburn's advantage
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Our China Company Formation service fees
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And the next steps
Our calls are automatically scheduled via Zoom - or via Teams, WeChat or WhatsApp upon direct request.
Our advisory calls are available from Monday-Friday from 8am to 5pm CEST and Wednesday until 9pm CEST.
How to get started with Woodburn
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