Quanzhou Business Registration Service
Hotline: 86-755-82143348 Email: anitayao@citilinkia.com
Quanzhou Company Incorporation-Concept of Quanzhou Company
Quanzhou Company is a limited liability company set up in Quanzhou. Shareholders are domestic companies or individuals of Chinese nationality aged 18 years old and above, shall be responsible for the company to the extent of the capital contributions they have paid.
Quanzhou Company is broadly classified into: Quanzhou Domestic Company, Quanzhou foreign funded enterprise, Quanzhou Chinese-foreign Joint Venture (JV), Quanzhou Chinese-foreign Cooperative Joint Venture, Quanzhou Partnership Company, Quanzhou Individual Proprietorship Enterprise etc.
Quanzhou Company Incorporation-Registered Capital and Paid-Up Capital
1. The minimum amount of registered capital of a limited liability company shall be RMB30, 000. If any law or administrative regulation specifies a higher minimum amount of registered capital for a limited liability company, the provisions of that law or administrative regulation shall prevail.
2. Quanzhou Individual Proprietorship Enterprise: Minimum registered capital is 100,000RMB, should be paid up in one time.
3. Two-Person Company: Minimum registered capital is 30,000RMB, capital contribution shall not be less than 20% of the registered capital for the first time; also may not fall below the minimum standard of statutory registered capital, with the balance being remitted within 2 years.
4. Investment Company: Minimum registered capital is over 10,000,000RMB (including 10,000,000RMB), capital contribution shall not be less than 20% of the registered capital for the first time; also may not fall below the minimum standard of statutory registered capital, with the balance being remitted within 5 years.
5. Company Limited by Shares: Minimum registered capital is 5, 000,000rmb.
Quanzhou Company Incorporation-Company Name of Quanzhou Company
The name of Quanzhou Company should be in the form of Administrative division (Quanzhou) + Trade Name + Sector Expression +Limited. Each enterprise shall use only one name and not be the same with or similar to the registered name in the same industry. If the word “China” is within the company name, it is required to be pre-approved by ICAB at national level in Beijing.
Quanzhou Company Incorporation-Business Scope
Business scope is one of the most important issues in FIE registration application, divided into the licensed business item and the general business item. Licensed business item means a pre-approval is needed before business license application. General business item means ordinary item which can be registered in Bureau of Industry and Commerce directly. Quanzhou Foreign Invested Enterprise can only conduct business within its approved business scope, which ultimately appears on the business license. There is some connection between business scope and register capital. Generally speaking, larger register capital, more business items can be approved.
Quanzhou Company Incorporation-Shareholder, Director and Manager, Legal Representative, Supervisor
1. Shareholder must be Chinese natural person or legal entity.
2. Director and Manager can be the same person, acted by shareholder, non-shareholder.
3. Legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business, acted by director, manager, shareholder or non-shareholder.
4. Supervisor shall not serve concurrently as legal representative and senior management, acted by shareholder, non-shareholder. Supervisor’s duty is that check the company’s financial condition; supervise executives’ behavior of performing his duties, propose suggestions on dismissing any director or senior manager whose behavior is contrary to laws and regulations
Quanzhou Company Incorporation-Documents Required
1. Company Name of Quanzhou Company
2. Determine shareholder, business scope
3. Determine register capital, shares allocation proportion
4. Office address in China, 2x original leasing contracts, 2x copies of house property certificate
with company stamp or signature of lesser and 2x landlord identification documents (The lessee should be acted by legal representative or investor. The area is required no less than 30 ㎡ and for commercial use only with more than one year’s rent and the lease contract should be endorsed by local Housing Management Authority)
5. ID Copy of Shareholder, Director, Legal Representative, Supervisor.
Quanzhou Company Incorporation-Working Time Needed
1. Manufacturing enterprise: 20-40 working days (the time of approval papers application from the fire & environmental protection bureaus is not included)
2. Trading& Service enterprise: 20-30 working days.
Contact Us
For further queries, you are welcome to visit ATAHK website www.3737580.net or email to atahkhk@21cn.com / ata-cfmp@hotmail.com or contact any of the following branches, thank you.
HONGKONG TEL:852-27837818 CHINA TEL:86-755-82143272 MALAYSIA TEL:603- 2141 8908 QUANZHOU TEL: 86-595-22515909 22515806 22515809
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