China Taxation Services
Hotline: 86-755-82143422, Email:anitayao@citilinkia.com
Note: China government takes a series of measures to simplify the company registration process and release the requirements from March of 2014. The capital to be subscribed in lump sum as contemplated in the Articles of Association could be paid up within 10 years from the date of issue of Business License. It attracts many investors to set up company in China.
BEIJING — China has experienced a boom in new company registrations since streamlining the process for starting business in March.
About 2.65 million new companies were registered in the first nine months of 2014, rising 52.44 percent from the same period last year, data from the State Administration for Industry and Commerce showed on Oct 14.
The registered capital of these new companies totaled 13.42 trillion yuan ($2.18 trillion), up 99.76 percent year-on-year.
China lifted restrictions on minimum registered capital, payment deadlines, down payment ratios and cash ratios of registered capital on March 1, a move aimed at encouraging startups and energizing the economy.
Between January and September, the number of newly registered firms in the primary sector rose 38.4 percent year-on-year to 112,900, while that for the secondary industry and the tertiary industry reached 453,000 and 2.08 million, up 35.93 percent and 57.47 percent year-on-year, respectively.
By the end of September, the number of all types of registered market entities in China came in at 66.7 million, with registered capital totaling 121.95 trillion yuan.
As a professional consulting service company, Tannet has assisted many investors to start their business in China from the startup service to the follow-up services, such as the business plan, feasibility study report, due diligence report, company registration, bookkeeping and tax filing, audit report, tax consulting, trademark registration and so on. ( Date: October 17, 2014 Source: China daily )
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If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to anitayao@citilinkia.com.