General Information
Being the largest market in the world by the size of its population, the People’s Republic of China (China) is regarded as an attractive place for business setup by foreigners.
Currency
The standard currency is CNY
Type of Company | Limited Liability Company also known as Wholly Foreign Owned Enterprise (WFOE) |
Time to establish a new company | 2-3 Months |
Business Activity | “Encouraged” Fields of Business Activity |
Corporate Tax | 25% |
Standard currency | CNY |
Minimum Capital | CNY 100,000 |
Minimum number | One |
Minimum number | One |
Annual Tax Return | Yes |
Audit requirements | Yes |
Requirements to file accounts | YEs |
Registered Address |
Yes |
General Manager |
Yes |
Supervisor |
YEs |