Going through the China Foshan company registration process, is an important first step for doing business in China. Operating as a registered company in China means that you are a legitimate enterprise, which brings about many benefits in the form of tax cuts and so on. This is the reason why all foreign companies that want to do business in China first go for a China Foshan Company registration package that suits their needs.
Foshan is located close to Guangzhou,at the heart of the Pearl River Delta, and just adjacent to two other important cities - Hong Kong and Macao. Foshan is considered to be an industrial city, with many competitive industries that are focused on household appliances, mental material processing, equipment manufacturing, textile and garments, ceramic building materials, plastic products, food and beverage, electronic equipment, and a large pharmaceutical industry.
How to Register a Foshan Company?
The following is the China Foshan Company registration process that foreign companies that want to do business in China have to go through:
A Foshan company name is composed of its “administrative division + company name + industry characteristics + organizational form”. The English version of the Foshan company name can be put on the stamp and the name card, but not on the license.
✔ Business Scope Confirmation
The business scope of a China Foshan company basically refers to the business operations and the industries that a newly formed company will be looking to engage in. The business scope combines two or more different industries together. For example, if you are operating a trading company in China, you can also engage in another form of business such as consulting.
✔ Approval Certificate Application
All foreign investors in businesses are requested to apply for an approval certificate for the registration process. This has to be carried out through a feasibility report before the process of the business license application begins. This will be used along with the business license for the identification of the foreign business operating in China.
In China, there is a merged business license, tax license and an organization code license. This means, rather than getting three licenses, you only get a single license with an 18-digit social credit code that will be used by the business owner when necessary. In China, a business license symbolizes the legitimate ID of an enterprise. Since the China Foshan Company Registration process can get complicated, it is crucial that you keep it carefully. If a foreign business owner in China happens to lose their business license, then they will have to publish it in the local papers and notify the cancellation of the previous version of the business license before they can get a new one.
✔ Industry Certificate Application China
Many foreign investors who look to start doing business in China are often times confused about what an Industry certificate is. An Industry certificate refers to an import / export license of a trading company, while a food and beverage license if given to a F&B company.
A China company account is another indispensable part of operating a company in China. Four big banks are highly recommended for the business account opening, i.e. China Construction Bank (CCB), Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC) and Bank of China (BOC). While getting a China Foshan Company Registration Package is going to be important to do business in China, having a business account will be crucial for carrying out everyday transactions.
✔ Foshan Company Registration in Different Industries
•Foshan Consulting Company Registration
•Foshan Food and Beverage Company Registration
•Foshan IT Company Registration
•Foshan Joint Venture Registration
•Foshan Manufacturing Company Registration
•Foshan Representative Office Registration
•Foshan Trading Company Registration
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