Foreigners investing in Chinese companies need to meet certain conditions. The following are common requirements:
1. Compliant names: Multiple names are usually required to improve the pass rate;
2. Contract and Articles of Association: Develop the company’s contract and articles of association;
3. Fixed business premises: Provide photos of the property certificate and the rental contract signed with the landlord;
4. Necessary facilities and employees;
5. Registered capital that complies with national regulations: Currently, it is generally subscribed, with an amount usually around one million yuan;
6. A sound financial and accounting system: capable of implementing independent accounting, assuming full responsibility for profits and losses, and independently preparing balance sheets or balance sheets;
7. Personnel requirements: copies of the ID cards of the legal representative, shareholders, and supervisors (the legal representative and supervisor cannot be the same person, and at least 2 people are required to establish the company) and corresponding mobile phone numbers; Clearly define the capital contribution and shareholding of each shareholder (shareholders can be one or multiple);
8. Invoicing requirements: Invoicing of 90000 RMB per quarter and 360000 RMB per year;
9. Bank account opening: The company needs to open an account with a bank within China;
10. Hire Chinese employees: Hire at least one Chinese employee.
The specific conditions may vary depending on factors such as region, industry, and company type. If it involves specific industries, it may also be necessary to meet the pre-approval requirements of relevant industry regulatory authorities.
The general process for registering a company is as follows:
1. Conduct pre-approval of the proposed establishment of a foreign-invested enterprise name and obtain the “Notice of Pre Approval of Foreign Invested Enterprise Name”;
2. Go to the Provincial Government Investment Promotion Bureau or its authorized agency to handle the approval procedures for foreign-invested enterprises, obtain the “Approval Certificate for Foreign Invested Enterprises” and approval documents;
3. Go to the relevant industry regulatory department to handle the pre-approval procedures (if necessary) and obtain the industry license;
4. Go to the foreign-invested enterprise registration authority (authorized industrial and commercial bureau) to handle the enterprise registration procedures and obtain the “Enterprise Legal Person Business License”.
It is recommended to consult the local Administration for Industry and Commerce, Commerce Bureau or professional business service agencies before registration to ensure that all specific requirements and procedures are understood and met. Meanwhile, due to factors such as the epidemic, policies in various regions may change, and specific information should be based on local official sources.
