Skip to main content

Posts

Showing posts with the label China Annual Report

Why Need Submit a Timely China Annual Report after Company Registered

What is China Company Annual Report ? As a means to corporate regulatory, one of the obligation that company in China must bear after registration is the submission of company annual report for setting up company in China within a specific period.  China brings in the corporate credit system which means all the annual reports are available to the public.  What if Fails to Submit Company Annual Report? · A lifetime record of “Poorly Preforming Company List” · Have difficulties to do company alternation and cancellation. · The company will eliminate the qualification for working visa application, renew or cancellation. · Legal representative of the company cannot even buy air tickets, train tickets within China. · Legal representative cannot serve as the management position in other company. · Have a possibility to face fines. Why Should Prepare the Annual Report in Advance? The numbers of company registered in China is increasing each day. The end o...

Why Need Submit a Timely China Annual Report after Company Registered

What is Company Annual Report in China? As a means to corporate regulatory, one of the obligation that company in China must bear after registration is the submission of company annual report within a specific period. China brings in the corporate credit system which means all the annual reports are available to the public. What if Fails to Submit Company Annual Report ? A lifetime record of “Poorly Preforming Company List” Have difficulties to do company alternation and cancellation. The company will eliminate the qualification for working visa application, renew or cancellation. Legal representative of the company cannot even buy air tickets, train tickets within China. Legal representative cannot serve as the management position in other company. Have a possibility to face fines. Why Should Prepare the Annual Report in Advance? The numbers of company registered in China is increasing each day. The end of a year is always busy for companies. Plus, with the non-st...