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+1 (888) 647 05 40Legal persons in China have special limited legal capacity. Unlike other European countries, where commercial structures have rights to perform any activity and carry out all required transactions, in China direction of work is clearly indicated in Statute and enterprise’s operational certificate. However, business establishment in China is promising and lucrative as it is a progressive global market that has become the focus of successful projects and innovative business models.
In China, an investor from another country can pass registration for organization under three possible regimes:
Before choosing a direction of activity for company in China, it is imperative to consult with professionals in this field. China is a huge market, however, merging into this environment, the investor faces a number of difficulties that require a quick solution. Deviating from the law is strictly prohibited – illegal activities are punishable in accordance with the regulatory framework of the jurisdiction.
Representatives in PRC are registered and mostly used as a legal form in order to investigate markets and establish partnerships in China. Representativity form isn’t a separate entity, therefore it cannot perform any economic operations.
Such organization has official rights to choose next-mentioned areas for its activities:
Representatives don’t have rights to perform commercial deals, receive money for the services provided and conclude transactions for maternal enterprises.
How long does it take to register a representativity?
It consists of two stages and takes a total of about 90 days.
Representativity pays tax on company income and fees for economic activity, and acts as a tax agent for their own employees in paying income to individuals. At the same time, the tax burden on paying commission on economic activity and income tax is approximately 11%.
Under the new laws, representativity of foreign firms must make an annual report and send it to local authorities. Such a document includes data proving the legality of a foreign company, information about the work of representativity, as well as data on profit and expenses, which are verified by an accounting firm.
Thus, representativity is most often selected as a structure for market validation, for additional distribution of brand influence, and for establishing a presence in PRC market. Establishing representativity in China is a quick and easy option to secure a pre-platform in that country. A very good option to enter the Chinese market is to enter with the help of a Hong Kong firm.
Registration process lasts six months, which includes the following steps:
Our specialists will be happy to help you to buy business in China, regardless of the form of business you need. We are also ready to provide you with comprehensive advice on tax and other issues being interesting for you. Contact us right now to choose appropriate company in China for sale.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.