BC Partners Consulting Limited

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...

This Ultimate Guide  for China WFOE Formation in 2018 is designed to resolve any doubts you may have in setting up your business in China. China WOFE is the type of company foreign friends are most eager to know before they set sail their business in China, whether you are in Guangzhou, Shenzhen, Foshan, Shanghai, Yiwu or any other city in China. New friends who start to carry out business in China are always highly encouraged to start WFOEs by their peers who have had Chinese entity registration experience. Why? Today Business China will give you a detailed explanation via this guide. In addition, we will cover the following main points: What is a China WFOE? What are the main categories of a China WFOE? Which industries are suitable and which fields are unbefitting for a WFOE registration? Why does everyone recommend you to set up a WOFE in China? What ubiquitous advantages does a WOFE have? What are the advantages and disadvantages of a WFOE when co...

An enterprise name shall be clearly marked on the business license in China. Enterprises shall choose their own names according to China Company Law and apply for China company formation . The enterprise enjoys the right of name since its establishment. Rules for picking china company's name The name of the enterprise shall not be the same with the name of other companies; The name of the enterprise shall be in accordance with the Chinese characters conforming to the national standard, and shall not be used in alphabetical or Arabic numerals. China company’s name shall be translated into foreign language and shall be translated and used by the enterprise according to the principle of literal translation. The name of an enterprise shall be composed of administrative divisions, names, industries and organizational forms. In addition to the enterprises established by the state council, the names of enterprises shall not be labeled as "China", "China", ...

On your way to form a Wholly Foreign Owned Enterprise(WFOE) in China, you will be requested to name one legal representative to be listed on the business license. We will elaborate the legal concept, the appointed requirement and the legal liabilities of representative office registration in china . The Legal Concept of China Company's Legal Representative According to the Provisions of the General Provisions of the Civil Law of PRC, in accordance with the provisions of the Articles of Association of the law, the legal representative is the person who represents the company to take in charge of the exercise of the establishment’s functions (article 38). The legal representative system is a kind of legal representative system which is derived from the traditional leadership system of China's state-owned enterprises. China adopts and implements a single legal representative system. Generally, the legal representative and the enterprise do not need to sign labor contract, they h...