With the continuous development of China's economy, more and more foreigners choose to register companies in China. However, most foreigners are not so aware of China's legal and business environment, so before registering a company, it is very necessary to understand some basic knowledge and precautions, the following is the Shaanxi foreign service platform for you to sort out some precautions and common problems, I hope it will help you.

1. Registration process

1. Choose the type of company

In China, foreigners can choose to register the following types of companies:

Wholly foreign-owned enterprise (WFOE) : an enterprise established solely by a foreign investor or jointly with a Chinese partner.

(2) Sino-Foreign joint venture (JV) : an enterprise jointly invested by Chinese and foreign investors.

Foreign Investment Partnership (WFOE) : A partnership established by a foreign investor with capital contribution in currency or in kind.

(4) Investment enterprises in Hong Kong, Macao and Taiwan: enterprises invested and established by investors in Hong Kong, Macao and Taiwan.

2. Choose the company name

When choosing a company name, you need to pay attention to the following:

① The company name must comply with the provisions of Chinese laws and regulations.

② The company name cannot be the same or similar to the registered company name.

The name of the company must include the type of company and the scope of business.

3. Registered capital

Registered capital refers to the funds required to be paid by the company at the time of registration. In China, there is no minimum limit on the amount of registered capital, but it needs to be determined according to the actual situation of the company. The registered capital may be paid in currency or in kind.

4. Apply for business license

After completing the above steps, you need to submit an application to the local industry and Commerce Bureau for a business license. The business license is the proof of the lawful operation of the company and must be obtained within 30 days after the establishment of the company.

5. Apply for tax registration certificate

After obtaining a business license, you need to submit an application to the local tax bureau for a tax registration certificate. The tax registration certificate is a certificate for the company to pay taxes and must be collected within 30 days after the company is established.

6. Open a bank account

After obtaining the business license and tax registration certificate, you need to submit an application to the local bank to open a company bank account. A bank account is a necessary tool for the daily operation of a company.

Ii. Precautions

1. Laws and regulations

Before registering a company, it is necessary to understand the laws and regulations of China, especially those concerning foreign investment. If you do not understand the relevant laws and regulations, you may fail to register or face legal risks.

2. Capital

Before registering a company, it is necessary to determine the source of funding for the company. If the source of funds is unclear or illegal, it may lead to registration failure or legal risk.

3. Business scope

When choosing a company name, it is necessary to determine the scope of business of the company. The business scope must comply with the provisions of Chinese laws and regulations, otherwise it may lead to registration failure or face legal risks.

4, registered address

When registering a company, it is necessary to determine the registered address of the company. The registered address must comply with the provisions of Chinese laws and regulations, otherwise the registration may fail or face legal risks.

5. Tax issues

After the registration of the company, it is necessary to timely understand the tax policies and regulations of China, comply with tax laws and regulations, and avoid tax risks.

Three, common problems

1. Can foreigners register a company solely?

Agreed. Foreigners can choose to register a wholly foreign-owned enterprise (WFOE) or to set up a company jointly with a Chinese partner.

2. How long does it take to register a company?

The time it takes to register a company varies by region and generally takes 1-3 months.

3. How much registered capital does a registered company need to pay?

There is no minimum limit on the amount of registered capital, which needs to be determined according to the actual situation of the company.

4. What materials does the registered company need to provide?

Different types of companies need to provide different materials, generally need to provide company name, registered capital, business scope, registered address and other information.

5, registered company need to pay what fees?

The fees to be paid by registered companies include business registration fees, tax registration fees, bank opening fees, etc.

In short, foreigners who register companies in China need to understand relevant laws and regulations, precautions and common problems, comply with Chinese laws and regulations, and avoid legal risks. At the same time, it is necessary to choose the right type of company, determine the source of funds, business scope and registered address to ensure the legal operation of the company.