China- company formation
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China-company formation means that the company is registered in China ,or established in China .All company are based in China, need follow the relevant regulations in China.Entering into China, there are some business factors you may consider before.
What are the main company types for China- company formation?
The two most popular forms of corporate structure in China are as follows:
Wholly Foreign-owned China- company
Foreign investment Partnership China- company
What are the main features of a China- company
Multinational companies usually choose a China private limited company structure.
What are the taxation of a China- company
There are mainly two kinds of tax for a company in mainland China. One is business profit tax and the other is VAT tax.
When the company is a small scale taxpayer, the VAT is 3% upon the company income. And the business profit tax will be 5% when the annual turnover is less than RMB 1 million. The business profit tax will be 10% when the annual turnover is between RMB 1 million to RMB 3 million. The business profit tax will be 25% when the annual turnover is higher than RMB 3 million.
When the company is a general tax payer, the VAT is 13% upon the company income for the trading type. And the business profit tax would be 25%.
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