10 steps to incorporating in China

Incorporation of a company in China and opening of a local corporate bank account constitutes a complex engagement. Our Firm will consequently need an average of six months to complete it. However, our Client will not have to travel to China, as all tasks will be completed by Healy Consultants and our business incorporation agent. The typical procedures for China business incorporation are as follow:

    China business incorporation procedures

  1. Before Healy Consultants provides our Client with China incorporation services, Our Client i) settles Healy Consultants’ engagement fees ii) signs and returns our Client engagement letter iii) provides us all the required due diligence documents;
  2. Healy Consultants drafts a detailed China project plan, mapping out by week each step to engagement completion, optimizing transparency of China business incorporation procedures and setting Client expectations;
  3. Our Client signs a lease agreement for local premises. If requested, Healy Consultants assists our Client with finding his permanent premises for his company in China;
  4. Healy Consultants obtains a pre-approval notice of the company name and business activities from the Chinese Companies Registrar of the relevant city or province of incorporation (there is no unified national company registrar in China);
  5. Unfortunately, all foreign-invested enterprises in China (both WOFEs and joint venture) must go through a complex approval process by the authorities including: i) pre-approval of a business plan by the China National Development and Reform Commission ii) incorporation approval by the PRC Ministry of Commerce and iii) foreign exchange registration with China’s State Administration of Foreign Exchange. Healy Consultants assists our Clients with completing these time-consuming steps, which are further described in the detailed project plans we send to all our Clients;
  6. Healy Consultants assists our Client opens a corporate bank account with a bank in China. Our Client deposits the paid up share capital of US$15,000 and supplies Healy Consultants with a certificate of deposit and bank statement;
  7. Our Clients returns to our Singapore head office documents and consents forms required to incorporate the company. Upon receipt of these documents, Healy Consultants incorporates the company with the State Administration for Industry & Commerce and then provides our Clients with the certificate of incorporation of the Chinese company;
  8. Healy Consultants completes post-incorporation registrations, which include: i) receiving approval to print and purchase sales invoices ii) file for recruitment registration and iii) register the company with the Social Welfare Insurance Authority;
  9. To assist our Clients conduct business in China, Healy Consultants can assist if needed our Clients to recruit local and expatriate staff by placing advertising campaigns in local publications, such as the South China Morning Post and the Beijing Bulletin;
  10. Following China engagement completion, Healy Consultants couriers a full company kit to our Client, including original China corporate documents, unopened bank correspondence, and a Client feedback survey regarding the quality of Healy Consultants’ China company incorporation services.

Contact us

For additional information on our incorporation services in China, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi