Skip to main content

China Incorporation Bank Account Opening

By
Here's information about China Incorporation Bank Account Opening, and you're welcome to contatc us if you have any doubts.

  • EMAILproposal@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 clients pay to your corporate bank account. 

    Second, tax concerns influence business a lot after your business transaction proceed. 

    The importance of China Incorporation Bank Account Opening would be enlarged when you try to claim business-related tax deductions, such as tax return, social insurance allowance, even VAT (value added tax) return when government issued favorable supportive policy towards different industries.

    Third, yearly audit concern should be considered when you start running a business entity in China. 

    In China, at the period between the end of the year and the start of next year, IRS (Internal Revenue Service) would ask business entities to report their yearly auditing report to state their business. 

  • What's Needed To Start​
  • For the bank account opening, legal representative himself would be required to visit the front desk once holding his passport with some legitimate documents to sign. We will arrange one colleague present at the same time to make sure the process is smooth and understandable.


Labels:

Comments

Post a Comment

Popular posts from this blog

China Trading Company

By
As world factory, “made-in-China” enjoys a worldwide popularity. with a trading company, you will enjoy a legitimate status to sign business contract under the protection of Chinese law, have the legal right to employ staffs and buy social insurances especially for Chinese employees who want to buy an property later in China. Set Up Your Own Foreign Trading Company in China As world factory, “made-in-China” enjoys a worldwide popularity. You may be thinking about setting up your own trading company after seeing all the opportunities or starts from China mainland when you handling business under individual way for some time. Any benefits or risks if you want to set up a trading company? Setting up a foreign trading company in China, you will enjoy a legitimate status to sign business contracts under the protection of Chinese law, have the legal right to employ staffs and buy social insurances especially for Chinese employees who want to buy a property later in China. ...
Post a Comment
Read more

Overview of Hong Kong Company

By
Here's information about  Hong Kong Company ,  and you're welcome to contatct us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 Hong Kong is a highly developed international metropolis and the freest trade and commerce port in the world. As an international finance center, HK plays a crucial role in global economic activity. Hong Kong has countless advantages such as superior business environment, circulating fund information, open market, free and orderly, a collection of professionals from all over the world, with perfect infrastructure, independent of the rule of law system, as well as the low tax rate. Coupled with good infrastructure and a sound legal system itself, for entrepreneurs and businessmen to provide a unique business environment. Therefore, more and more businessmen establish and develop their own companies with various purposes in Hong Kong, which can not only improve the company image, but also can enhance t...
Post a Comment
Read more

Trademark Registration

By
With trademark registration , enterprises may enjoy legal protection of their products and services. US President Trump are worth learning, who already holds 77 officially registered trademarks in China till now. "TM" is the abbreviation of the trademark "trademark", and "register" is the abbreviation of "registered" in English. How Business China will help?  Our focus is on achieving our client’s goal effectively and at the lowest reasonable cost. We develop effective solutions to meet our client’s needs globally.  In accordance with international rules, Chinese trademark registration is based on 45 categories. If an enterprise wants to expand the scope of protection of the trademark, they must expand the categories of registration across categories that is, in a number of categories are registered trademarks.  “TM" is the abbreviation of the trademark "trademark", and "register" is the abbreviation of...
Post a Comment
Read more