Beijing company formation is also called Beijing business setup, Beijing corporate formation, and Beijing company registration, etc. According to the Xinhua News Agency, Beijing’s business environment remained the top among other Chinese cities in 2019. The Foreign Investment Law enacted on January 1, 2020 further eased the restrictions put on the foreign investors before and offer them access to extending their business scope in China.
Advantages of Beijing Company Formation
1. The authorities have shortened the online registration process from the previous 15+ days to five days after submitting an online application. An estimated 10,000 enterprises have obtained electronic business licenses in Beijing.
2. 2. Personal savings: The Beijing government is now offering free official chops for newly-established enterprises. Enterprises in Beijing are expected to save a total of RMB 60 million annually after reducing setup costs.
3. 3. The authorities are now able to provide approval for automatic import and export licenses within one day, compared to the old five-day processing time.
4. 4. Intellectual property: The government has enacted the Foreign Investment Law on January 1, 2020 to ensure the enforcement of intellectual property rights and other fair treatment to foreign investors.
5. 5. To attract foreign investors and global talents, the authorities will help their family members to obtain medical and endowment insurance and local school placement for children.
Required Information of China Company Formation
1. Foreign companies a full set of notarizations (including but not limited to the legal business certificate, board resolution, certificate of authorized signatory);
2. A shareholder company seal (standby to sealed the application information);
3. Determine the Beijing company name;
4. Determine the registered capital and business scope of Beijing company;
5. List of members of the board of directors or executive directors and members of the board of supervisors and copies of identification documents;
6. The mobile phone number, landing number, and e-mail of the legal representatives;
7. One original copy of the formal lease contract of the office premises, a copy of the property ownership certificate, residence certificate, and the property owner upload the information of the company in the industrial and commercial address system. (lease contract requirements: when renting, using one of shareholder name or legal representative to lease or using the name of the foreign company to lease, more than one year lease for office or commercial use)
Major Procedures of Beijing Company Formation
1. Fill out the application form (sign the agreement);
2. Company name search & confirmation;
3. Pay for the services;
4. Submit the needed documents;
5. Check the documents;
6. Prepare for the statutory documents; Let the investors sign the documents personally, and then submit all the documents to the government;
7. Keep clients informed of the processing;
8. Finish processing in 30-50 working days; (it depends on the registered address and business scope)
9. Hand over all the company kit to clients;
10. Sign the receipt.
Tannet’s Service for Beijing Company Formation
With the attractive investment environment of China, more and more investors started their business in China, Tannet’s has set up branch offices in mainland China and Hong Kong. We offer advice about starting a business in China, and we also help clients to go through the whole process of setting up their business. Besides, we provide business outsourcing services in various fields, such as accounting, auditing, tax filing, intellectual property rights protection, visa/work permit application, bar codes application, etc.
Contact Us
If you have further queries, don’t hesitate to contact Beijing Tannet anytime, anywhere by simply visiting Beijing Tannet’s website www.beijing-company.net, or calling Beijing hotline at 86-10-58694559 or Beijing Tel 86-13717945838(WeChat) or emailing to beijing.tannet@qq.com.
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