Fees and timelines in 2023
Fees
Incorporation costs in Year 1 amount to US$6,400 and annual company costs in Year 2 and thereafter amount to US$0. The average total fees per China engagement amounts to US$18,085, including company incorporation, resident director, corporate bank account, and virtual office address.
| Different China entity types | Cost | Draft invoice |
|---|---|---|
| Tax resident LLC | US$18,085 | View invoice PDF |
| China fast nominee company | US$47,810 | View invoice PDF |
| China shelf company | US$39,110 | View invoice PDF |
| Guangzhou Knowledge City company | US$17,650 | View invoice PDF |
| Free zone company | US$16,650 | View invoice PDF |
| Branch of a foreign company | US$19,350 | View invoice PDF |
| Representative office | US$19,650 | View invoice PDF |
| Equity joint venture company | US$17,650 | View invoice PDF |
| Subsidiary LLC | US$16,650 | View invoice PDF |
| Holding company LLC | US$17,650 | View invoice PDF |
| LLC with employment visa | US$21,600 | View invoice PDF |
| Hong Kong legally tax exempt company | US$10,105 | View invoice PDF |
| Marshall Islands IBC with China corporate bank account | US$9,430 | View invoice PDF |
| Fast business setup solution + 6 months tax reporting | US$46,970 | View invoice PDF |
| China export LLC without travel | US$35,540 | View invoice PDF |
| China trading company with tax reporting | US$24,570 | View invoice PDF |
| Hong Kong LLP | US$9,110 | View invoice PDF |
| Macau LLC | US$9,150 | View invoice PDF |
Click here to create your own China invoice
Timelines
The average China business incorporation engagement period for a WOFE entity is 26 weeks as outlined below:
| Service | Limited Liability company (LLC) | Free Zone | Branch office | Representative office | Equity joint venture | Hong Kong offshore |
|---|---|---|---|---|---|---|
| Engagement planning | 2 weeks | 3 weeks | 1 week | 1 week | 3 weeks | 1 week |
| Entity registration | 3 months | 3 months | 3 months | 3 months | 4 months | 1 week |
| Corporate bank account approval | 6 weeks | 6 weeks | 6 weeks | 6 weeks | 6 weeks | 4 weeks |
| Corporate internet banking approval | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 1 week |
| Engagement completion | 1 week | 1 week | 1 week | 1 week | 1 week | 1 week |
| Total engagement period | 5 months | 5 months | 5 months | 5 months | 6 months | 2 months |
