Guangzhou Company Registration

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What are the requirements for company registration in Guangzhou

What are the types of registered companies


limited liability company


corporation


limited partnership


Wholly Foreign-Owned Corporation (WFOE) (form of legal entity in China)


Wholly Owned Enterprise (WOE)

limited liability company

It is an economic organization established by the capital contribution of less than 50 shareholders, and each shareholder bears limited liability for the company with the amount of capital contribution he/she has subscribed, and the legal person of the company bears full responsibility for the debts of the company with all his/her assets. It is the most suitable type of business for entrepreneurship, and most of the investment and financing programs, VIE structure, etc. are designed based on limited company.

corporation

It consists of more than 2 and less than 200 promoters, the entire capital of the company is in equal shares, and the shareholders are liable to the company to the extent of the shares they hold. Applicable to mature, large-scale types of companies, the establishment procedures are more strict and complex, less suitable for start-ups and SMEs. For example, China National Petroleum Corporation.

limited partnership

It consists of a general partner and a limited partner, with the general partner assuming unlimited joint and several liability for the debts of the partnership, and the limited partner assuming limited liability for the debts of the partnership to the extent of the amount of capital contributed by the limited partner. Applicable to venture capital funds, corporate equity incentive platforms (employee shareholding platforms) such as Sequoia Capital.

Wholly Foreign-Owned Corporation (WFOE) (form of legal entity in China)

Foreign companies, enterprises, other economic organizations or individuals, in accordance with Chinese law in China to establish all the capital invested by foreign investors in the enterprise. The process for enterprises whose shareholders are foreigners or foreign companies is more complicated and more strictly regulated than that for domestic companies. It is consistent with the limited liability company in terms of name.

Wholly Owned Enterprise (WOE)

Enterprises that are financed and operated by individuals, owned and controlled by individuals, and in which individuals bear the risks of operation and enjoy all the benefits of operation. The investor to its personal property on the enterprise debt liability. Applicable to small-scale individual workshops, small restaurants, etc., commonly used in the name of a special requirement of the enterprise, such as: so-and-so center, so-and-so society, so-and-so department and so on.

Basic information to be prepared

Registration time: 7 working days

Q&A Frequently Asked Questions

1. How do I choose a dependency address?


If you need to open a bank account, then choose the business secretary address or white book address. If you need to apply for various qualifications, such as labor dispatch, education and training, etc., you should choose the red book address. Subsequent business changes, inspections, tax inspections, bank account opening door to door, etc., can cooperate, you can collect mail information, rent and utility invoices.

2. Is the more business scope the better?


No, the more business scope may cause the company to pay more taxes for more tax types and cannot enjoy some tax benefits. Therefore, the business scope should be filled in according to the needs of the company's business development, highlighting the company's main business, fill in the recent need for business scope can be.

3. How long must I open my business after registering my company?


There are no mandatory provisions, but according to the relevant provisions: if a company fails to open for more than six months after its establishment without a valid reason, or if it closes down on its own after opening for more than six consecutive months, the business license can be revoked by the company registration authority.

More questions to ask