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2023-05-30 10:31:07
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Foshan is one of the fastest-growing cities in China, and as a result, the demand for new businesses has increased. If you want to start a business in Foshan, you need to know what the requirements are for registering a company. In this article, we will explore the requirements for registering a company in Foshan.
1. Business License
The first requirement for registering a company in Foshan is to obtain a business license. The business license is issued by the Industry and Commerce Bureau and is proof that your company is legally recognized. The business license will have your company name, address, registered capital, and legal representativea€?s name. To get your business license, you will need to provide documents such as your lease agreement, company articles of association, and identity cards of the company's shareholders, directors, and supervisors.
The business license is valid for five years and must be renewed before the expiration date.
2. Registered Address
Your company should have a registered address in Foshan, which can be either a commercial or residential property. The registered address must match your business license and will be the official address for government communication. If you are using a residential property as your registered address, you will need to provide a landlord authorization letter.
3. Registered Capital
Your company should have a registered capital, which refers to the total amount of money invested in your business by its shareholders. The registered capital can be contributed in cash, equipment, or property. You will need to specify the amount of registered capital when you register your company.
The minimum registered capital requirement depends on the type of company you are registering. For example, a limited liability company (LLC) in Foshan has a minimum registered capital requirement of RMB 30,000, while a joint-stock company has a minimum requirement of RMB 5 million.
4. Company Name
Your company name must be unique and not already registered by another company in Foshan. The name must also be in Chinese characters and cannot use foreign characters or abbreviations. The name should be relevant to your business and should not contain any sensitive words or phrases.
5. Tax Registration
After obtaining the business license, you need to register for tax with the local tax bureau. The tax registration involves getting a tax registration certificate, applying for business tax, VAT, and enterprise income tax.
It is essential to know that Foshan incentives companies that contribute positively to the growth and development of the city. You may be eligible for tax breaks or other incentives if your company aligns with the government's goals and objectives.
Overall, registering a company in Foshan requires attention to detail and adherence to legal requirements. It is crucial to seek professional advice or use a reliable incorporation service to ensure a smooth and seamless registration process.
So, if you want to start a business in Foshan, keep in mind the requirements mentioned above and take the necessary steps to register your company today.
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