Quanzhou Company Registration, Set Up Business In Quanzhou

 

Quanzhou is the famous hometown of overseas Chinese, but also the ancient "Silk Road on the Sea" starting point. Taiwan and Taiwan, the Taiwanese approved by the State Council in an open economic zone triangular an important component of the reform is the integrated support of the pilot cities, since reform and opening up, Quanzhou proceeding from reality and strive to make good use of the national and provincial conferred the special policies and flexible measures, a market-regulated, mainly export-oriented economy, the development of a variety of economic sectors, comprehensive economic strength has markedly increased. Quanzhou have formed a textile and apparel footwear industry, building materials industry, technical products industry, the food and drink industry, machinery manufacturing, and other five major traditional advantage industries, and the oil and chemical industries are working to cultivate, the electronic information industry, tourism, and other three leading industries. Now, with China's accession to the WTO, more and more foreign companies come to invest in Quanzhou, in order to make more efficient entrepreneurs to understand how the registration of foreign-funded companies, Denite for streamlining the following:

 

Company Name of Quanzhou Company
The name of Quanzhou Company should be in the form of Administrative division (Quanzhou) + Trade Name + Sector Expression +Limited. Each enterprise shall use only one name and not be the same with or similar to the registered name in the same industry. If the word “China” is within the company name, it is required to be pre-approved by AIC at national level in Beijing.
 

Business Scope
Business scope is one of the most important issues in FIE registration application, divided into the licensed business item and the general business item. Licensed business item means a pre-approval is needed before business license application. Quanzhou Foreign Invested Enterprise can only conduct business within its approved business scope, which ultimately appears on the business license. There is some connection between business scope and register capital. Generally speaking, larger register capital, more business items can be approved.


Shareholder, Director and Manager, Legal Representative, Supervisor
1. Shareholder must be Chinese natural person or legal entity.
2. Director and Manager can be the same person, acted by shareholder, non-shareholder.
3. Legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business, acted by director, manager, shareholder or non-shareholder.
4. Supervisor shall not serve concurrently as legal representative and senior management, acted by shareholder, non-shareholder. Supervisor’s duty is that check the company’s financial condition; supervise executives’ behavior of performing his duties, propose suggestions on dismissing any director or senior manager whose behavior is contrary to laws and regulations.


Documents Required
Company Name of Quanzhou Company;
Determine shareholder, business scope;
Determine register capital, shares allocation proportion;
Office address in China, 2x original leasing contracts, 2x copies of house property certificate;
with company stamp or signature of lesser and 2x landlord identification documents;
ID Copy of Shareholder, Director, Legal Representative, Supervisor.

 

Working Time Needed
(1) Manufacturing enterprise: 20-40 working days (the time of approval papers application from the fire & environmental protection bureaus is not included);
(2) Trading& Service enterprise: 10-15working days.
Quanzhou Company Registration Service
Quanzhou Company Business License;
Having a corporate seal engraved by the public security authorities;
Seal Carving Registration card;
Organization Code Certificate;
Digital Certificate of Organization Code Certificate;
National Tax and Local Tax Certificates;
Assist bank opening, but not including the bank charges;
Three stamps (company stamp, financial stamp and personal stamp of legal representative).


General Tax Information
All enterprises are required to report to the Tax Administration Department monthly, quarterly and annually. TCBC provides accounting services for our clients; you are welcome to contact us for more information.


Annual Audit Report
Any limited companies in China should summit annual audit report to the relevant authorities. Any company will be subject be to a fine if the Annual Audit Report is not submitted in a timely manner.
 

Business set-up in China is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls

 

Since 2006, TCBC has been focusing on consulting services for our clients to invest in Quanzhou China. We are specialized in establishment of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization, Assist in obtaining government approvals and certificates for running business,negotiate and draft various legal documents provide legal advice, negotiate government officer for Landacquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Quanzhou China, drafting privacy policies and structuring commercial transactions

 

TCBC will manage all aspects of incorporation to get you a business license in Quanzhou China. We offer a range of company formation services including helping you to set up:

-Wholly Foreign Owned Enterprises (WFOE)

-Representative Offices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

 

Contact Tom Lee for business setup consulting in Quanzhou now.