Are you an entrepreneur or investor looking for the best place to locate your company? Perhaps your business fortunes are swindling back home and you are thinking of going offshore. This idea could not have come at a better time because there is one offshore destination that serves as a springboard for companies targeting rapid growth: China.
So, what is making your home market less desirable? If there is a lack of market for your company, China has a huge one of more than 1.4 billion people. This is just one attribute. The jurisdiction also has a supportive administration, world-class infrastructure and is stable politically. No matter what you want to grow your business, the chances are that China has it. However, the process of opening a business in China is never easy because of the long list of required documents. For example, preparing the scope, articles of association, and agreements with legal representatives can be pretty tricky.
Instead of trying to navigate through the complex process of company registration in China, working with professionals is cheaper, direct, faster, and way more convenient. Keep reading as we dig deeper into the process of opening a business in China and demonstrate why experts can help to make it hassle-free.
A Closer Look at the Process of Opening a Business in China
China is a very attractive destination and the rapidly growing economy can allow your business to ride at the same pace to reach its targeted level. So, here is a highlight of the process involved in opening a company in China:
- A duly filled pre-registration form.
- Registration with the Ministry of Commerce (MOFCOM).
- Selecting the business scope.
- Prepare the required documents and present them to MOFCOM: These include the company name, company’s legal address, business’s structure, articles of association, registered capital, and feasibility study. Also, you need to include particulars of directors, shareholders, and a legal representative.
- Register with the Public Security Bureau (PSB) to get the company chops.
- Register with the State Administration of Foreign Exchange (SAFE).
- Open your company’s bank account.
- Register the business with a local Tax Bureau.
Experts Make Opening a Business in China Easy
Instead of following the lengthy process of registering a company in China, it will be a good idea to leave the job to experts. They are experts in the process and will not just finish the process faster but also professionally. This means that you can concentrate on sourcing more funds to help build your enterprise once it rolls out the main operations.
Professionals in company registration will also come in handy to help you with due diligence, especially when selecting staff for top management. For example, they can help you to easily identify a legal representative to guide your company after registration. This means that you will not need to run expensive television or newspaper ads for the same position.
Even after company registration, the experts will be there to ensure your company attains its objectives. For example, they can assist you with heavy-duty tasks, such as accounting and payroll management, to focus on the business’s core tasks.
Opening a company in China is an excellent way to take advantage of this fast-developing jurisdiction. It opens your enterprise to new opportunities in China and the rest of the Far East. As we have demonstrated in this post, having an expert by your side can help to simplify an otherwise highly complex task of company registration. So, make sure to select the best agency of experts to assist with the process of incorporation and post-registration services.