
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.