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Showing posts from September, 2017

Social Insurance Allowance

To encourage start-ups to promote employment, Guangzhou authorities issue one social insurance allowance to subsidize start-ups paid social insurance fees for employees according to China's new Social Insurance Law. Conditions of declaration: Enterprises established and established within 3 years before March 5, 2015 and enterprises established after March 5, 2015 can apply for the subsidy. And the last subsidy application shall not exceed 3 years from the date of registration of the start-up enterprise. A start-up enterprise (a small and micro enterprise, an individual business enterprise, a private non-enterprise unit, a farmer's professional cooperative, a family farm, etc.) registered within 3 years. To encourage start-ups to promote employment, Guangzhou authorities issue one social insurance allowance to subsidize start-ups paid social insurance fees for employees according to China's new Social Insurance Law. Employ 3 people (including 3 people), t

Working Visa

Visitors to the Mainland of the People's Republic of China must obtain a visa from one of China embassies unless they come from one of the visa exempt countries. The two Special Administrative Regions – Hong Kong and Macau – maintain their own independent border control policy and thus have their own visa requirements. To welcome more foreign investors to come to China, China issued a lot of beneficial visa policy for investors and employees.  Visitors to the Mainland of the People's Republic of China must obtain a visa from one of China embassies unless they come from one of the visa exempt countries. The two Special Administrative Regions – Hong Kong and Macau – maintain their own independent border control policy and thus have their own visa requirements.  Visa Categories Description of Visa C Issued to foreign crew members of means of international transportation, including aircraft, trains and ships,  or motor vehicle drivers engaged in cross-border t

Social Insurance Service

China's social security law was promulgated by the central government but its administration and specific details are governed by local authorities. It is paid by both employer and employee, and the levels of this payment to the social insurance agencies are connected directly to the employee's salary. It can be complicated as there is not one steadfast rule for the country. Instead it is governed at a regional level, so depending where your company is based in China you will have differing responsibilities as an employer.  China social insurance not only needs to be set up, but also paid monthly, it may be easier to outsource this task to the local experts at Business China. China's new Social Insurance Law, which took effect on July 1, 2011, established the first national, basic social insurance framework for employees across mainland China. The law requires that all employers in China enroll each employee in five insurance programs, plus one mandatory housing

Invoice Issue

Fapiao can be divided into two types of Fapiao--- General fapiao and special VAT (value-added tax) fapiao. Only the latter can be used for tax deduction and can only be applied from the general tax payer (status). Each establishment will be Small-Scale Taxpayer when it established at once, Business China can help you to apply for General Tax Payer, also called General VAT Taxpayer Status based on your business field. Business China has a great experience in helping foreign investors to set up business entities and we also offer post-incorporation related services in China and abroad. If you need tax and accounting related service, such as monthly accounting service, company annual renew & auditing, invoice issue service or other related services, don't hesitate to contact us. Without exception, our clients after freshly incorporated his WFOE, Joint Venture or Representative Office in China, nearly all of them have questions regarding China’s Fapiao. The changing

China Incorporation Bank Account Opening

Here's information about  China Incorporation Bank Account Opening ,  and you're welcome to contatc us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 No matter which business entities you set up, you will have legitimate right to open a corporate bank account in China after foreign entity finalized.  Corporate bank account, stands for your China entity, keep tracks of business flow and is connected to every aspect of your business. China company's bank account consists of Basic RMB Account, Foreign Currency Account, Temporary Account like USD payment account, capital account and etc. Its importance can be divide into 3 sides: First, Legitimate concern tops the concern list.  Corporate bank account is the legitimate bank account of your china business entity, which means it proves and protects your business transaction legitimately. For example, your company can issue fapiao (official government invoice) after your clien

China Registered Address

Each company is required to have a business address in China, Business China offer registered address for company incorporation to meet our clients' expan Here's information about " China registered address " , and you're welcome to contatc us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 Business China will draft document for you to sign and we will prepare listed documents: Leasing contract original Property ownership certificate Valid identity certificate of owner Other required documents. Each company is required to have a business address in China, Business China offer registered address for company incorporation to meet our clients' expanding needs. Lower your operating cost  Even a tiny office in downtown costs a lot, while you just need to pay one month rent for one-year registered address. If you need to meet your clients in China, please feel free to contact us to make a fre

Company Annual Renew & Auditing

Required by PRC Company Law and other relevant regulations, all Foreign Invested Enterprises in China, including Wholly Foreign Owned Enterprises (WFOEs), Joint Ventures (JVs) and Representative Offices (ROs) are required to comply with the statutory annual audit and other compliance processes.  Foreign Invested Enterprises in China can only distribute and repatriate their profits or dividends back to their home country after completion of their annual statutory audits and settlement of all relevant tax liabilities.  Failure to comply with the annual audit and compliance may result in extra expenses, penalties, or even revocation of business licenses. The annual inspection of enterprises refers to the statutory procedures for the examination and approval of enterprises by the administrative departments for Industry and Commerce in accordance with the law, and the qualification of enterprises to continue their business operations. According to  the Provisions of the

Shenzhen Free Trade Zone

Here's information about " Shenzhen Free Trade Zone " , and you're welcome to contatc us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 A free-trade zone (FTZ) is a specific class of special economic zone. It is a geographic area where goods may be landed, stored, handled, manufactured, or reconfigured, and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Shenzhen is a national economic center and an international city designated by the State Council. It is the first special economic zone in China's reform and opening up and creates the world-renowned "Shenzhen speed". Shenzhen has the largest entry and exit port in china. Shenzhen is also an important border port city. Shenzhen is a national

Monthly Accounting Service

Here's information about our company's monthly accounting service ,  and you're welcome to contatc us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 In China, every business entity is required to do monthly accounting. To safeguard our clients' business expanding in China, Business China offer monthly accounting service for WFOE, JV, RO.  With our Monthly Accounting service, we will keep you informed about the profitability of your business, give you ongoing support, and offer timely advice when needed.  TWO Taxpayer Types: Small-scale accounting Taxpayer General Taxpayer Monthly Accounting Service Process: Tax registration Receipts filing Accounting Prepare the statement Declare dutiable goods Free finance consulting TWO Taxpayer Types: Small-scale accounting Taxpayer General Taxpayer With accounting managed with Business China, you could: Legally apply for invoic