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China Company Setup Process
3 simple steps to incorporate a company in China with INTERCORP
Step 1: Pre-incorporation
Choose your company between: Tailor-made or Ready-made Company
- Think of your desire company name. (Specialists of Intercorp will check for the availability);
- Decide where you want to incorporate a WOFE (which city, provinces);
- Plan and structure your company, i.e. office address, directors, shareholders, and shares capital. (Specialists of INTERCORP may provide you the planning and structural advice).
Step 2 – Incorporation
Contact Intercorp!
Specialists of Intercorp will advise you the required documents and information for Chinese Company set up.
- Contact Intercorp! Specialists of Intercorp will advise you the required documents and information, and lead you to provide such documents step by step. (Please be caution that setting up a WOFE requires a substantial amount of documents);
- WOFE will usually take 3 months to 18 months to set up.
Step 3 – Post-incorporation
Let us take away your worries!
- Obtain different kinds of business licenses. For example, general business licenses, state and local tax registration, foreign exchange registration, import/export license, organization code, etc;
- Open Bank Account (Specialists of Intercorp will advise further information on the procedures on opening an account in Chinese bank).
Chinese Company Benefits
Advantages of setting up a business in China:
- China’s GDP has grown fastest;
- China is the largest manufacturing country;
- WOFE is an independent, limited liability legal entity that can be owned 100% by a foreign citizen.
