How much does it cost to set up a company in China?
Table of Contents
How much does it cost to set up a company in China?
Fees
| Different China entity types | Cost | Draft invoice |
|---|---|---|
| Subsidiary LLC | US$16,650 | View invoice PDF |
| Holding company LLC | US$17,650 | View invoice PDF |
| LLC with employment visa | US$21,600 | View invoice PDF |
| Hong Kong legally tax exempt company | US$8,910 | View invoice PDF |
Is it easy to set up a business in China?
As you could see, starting a business in China is not so easy, especially for many small and medium companies that many times don’t have the resources to deal with company formation, taxes, HR, regulations. In China, it is possible to start a business in an easier and low-risk way.
Can foreigners buy a business in China?
Can Foreigners Own Companies In China? The answer is, “yes.” They can own companies by incorporating them in China. For example, a foreigner can incorporate a wholly foreign-owned enterprise (WFOE), open a joint venture, or start a representative office.
How much does it cost to open a WFOE in China?
Typically, setting up a WFOE in China with this type of firm will cost around RMB10-20,000. Unlike large international firms, these companies care about and need your business, and so are likely to make a great effort to please clients at every turn.
How do I register a company in China?
How Do I Register A Company In China?
- Choose an Agency to Help You with the Registration.
- Select the Preferred Company Scope.
- Prepare the Required Documents.
- Apply for Approval Certificate.
- Apply for Business License.
- Register with the Public Security Bureau (PSB)
- Register the Company at the Tax Bureau.
How long does it take to register a company in China?
three to six months
The process of registering a business Setting up a business in China overall generally takes three to six months and involves various government authorities and procedures that may differ depending on the industry your business is in and the structure you have chosen.
Can foreigners own business in China?
Foreign Ownership There are no restrictions on the scope of business activities that a company can engage in. China allows foreign entrepreneurs to set up a wholly owned limited liability company, also known as a Wholly Foreign Owned Enterprise (WFOE).
Can anyone start a business in China?