Since the process of setting up a China Guangzhou company can be complex and require navigating through all the red tape of Chinese laws, it would be a wise decision to hire the services of experienced professionals who can help with the China Guangzhou company verification process. Business China is here to provide its clients with a quick and hassle-free way of getting their company registered in China. The best part of our services is that the China Guangzhou Company Verification process also takes care of other business-related areas such as, opening a China business bank account opening, outsourced accounting and bookkeeping, post-corporate management services, China VAT refund and free company secretary services.
Guangzhou is famously called “The millennium commercial port” that’s because for many years, Guangzhou has enjoyed being one of the most important commercial centers in China. Guangzhou is also within close proximity to the South China Sea, as well as the neighboring Hong Kong Special Administrative Region and Macao Special Administrative Region. The Pearl River, which is the third largest river in China also runs through the city of Guangzhou. Furthermore, it is also considered to be the south gate of the world.
Guangzhou is known as an international shipping hub, and a global aviation pivot along with the center of science, technology and innovation. The city has attracted a total of 288 Fortune 500 companies from around the world who have invested in more than 800 projects in Guangzhou. According to reports, around 120 of those projects have their headquarters or regional headquarters located in Guangzhou.
How to Register a Guangzhou Company?
A WFOE (Wholly Foreign Owned Enterprise) or a WOFE (Wholly Owned Foreign Enterprise) are the most common type of businesses registered in Guangzhou. Being a limited liability company, a WFOE is able to maximize the full control over the new establishment with minimized risks when structured in the proper manner.
Guangzhou Company’s Investor
√ Individual Investor
If investors are in Guangzhou, please provide:
Passport original / Office lease contract Original (if applicable)
If investors are in foreign countries, please provide:
Passport notarization by Foreign Affair Department in your country and approved by Chinese Embassy or Consulates Located in your country (Original) / Office lease contract Original (if applicable)
√ Foreign Company Investor
Company Notarization by Foreign Affair Department in the foreign country and approved by China Embassy or Consulates located in foreign country (original)/ Office lease contract Original (if applicable)
√Hong Kong Company Investor
HK company is a limited liability company with responsibilities limited to its capital subscribed.
Meanwhile, if the foreign investor uses a foreign individual or a homeland mother company for holding the IT WFOE in China, they could fall in danger of a long-term lawsuit. While, a Hong Kong company holding the WFOE can further prevent the lawsuit and other potential risks.
The owner of the HK company could easily be changed within 1-2 working days to minimize business risks. This could be one of the reason why a Hong Kong company has been used as a shell company or a “protection umbrella” by foreign companies in China.
Business China has the experience and expertise of dealing with all issues related to a China Guangzhou Company Verification process.
Guangzhou Company’s Registered Capital
In China, registered capital has undergone reforms in recent years in order to attract more high quality foreign investors to China. The latest interpretation of company registered capital in most fields in China is the capital written on the license. Foreign investors in China have up to 30 years for carrying out capital injection. Foreign investors can also cancel their china company even if they haven’t injected the capital, with no restrictions in most business fields. Nevertheless, it is recommended that all businesses file for registered capital, which can be varied based on different customer needs and industries.
Guangzhou Company’s Legal Representative
In China, a legal representative of a business is equivalent to the director in Hong Kong and western countries and bears the legitimate right to sign all company related legal instruments along with being responsible for all enterprise operation as well.
A China company’s business bank account’s designated user is the legal representative and is considered to be the legal representative. This means they must come personally for bank account opening interview, once for personal passport and other information has been collected, and their personal signature has been confirmed.
Hot Industries for Guangzhou Company Registration
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