China Business Establishment - China Fortune Investment Group
China Business Establishment
After completing the planning and structuring process of a China operation, foreign investors come to the final stage of the legal registration. As the policies involved in registering a business in China are much more complicated and bureaucratic than other countries, it worth while to receive help in processing the application.
There are three stages to register the business in China:
Stage one is getting approval from local office of MOFCOM (Ministry of Commerce). This involves approval of a feasibility study including, but not limited to, name of business, scope of business, registered/total capital, and business structure. For a manufacturing company, it will also include an environmental assessment. After MOFCOM has review all application documents for the set up and does not request additional support, an Approval of Certificate will be issued.
The second stage is to obtain the business license. Base upon the approval from MOFCOM, the local Industry and Commercial Bureau will look through the same set of application documents and if complete, will issue a Business License. From the date of the Business License the company legally exists. However, in order for the company to operate the business it has to go through the last stage of post registration process.
The post registration including, but not limited, to tax registration, customs registration, finance registration, opening bank accounts and statistic registration. Some of the registrations can not be performed at the same time, as some cannot be completed prior to others.
We have the experience and can assist as a consultant through the entire business application process for WFOEs, Mergers, Acquistions, Joint Ventures and Representative Offices.