When foreign investors wish to do business in China, they have to set up a foreign-owned enterprise in China first. The capital of the foreign-owned enterprise must be in foreign currency which is remitted from the overseas holding company. The revenue of the foreign-owned enterprise is received in RMB in China and the net profit after tax can be remitted out of China to the overseas holding company in foreign currency.
We suggest the holding company to be set up in Hong Kong. The Hong Kong holding company after meeting certain requirements can apply for a withholding tax of 5% instead of 10% when remitting dividends to the Hong Kong holding company . Any changes of shareholders or directors in the Hong Kong holding company do not require approval from any China authorities.
Company registration types and Time to take
We offer services for the following types of company registration:
Wholly foreign-owned enterprise
Domestic company
Sino-venture company
Time to take: Normally it takes about 20 working days.
Our services include:-
Company structure consultancy (pre-company registration)
Advice on drafting scope of business nature
Company registered address
Appointment of entity (legal) representative
Appointment of executive director, general manager and supervisor
Investment proof
Preparation of articles of association
Company name pre-approval and registration
Company registration
Business license application
Making of company official seals
Banking account opening
Tax identity registration
Later on changes on company structure
Company dissolution
Should you have any enquiries about our corporate services and fee quote, please contact our professional team. We will provide you with free consultation services accordingly.
