The Administration for Industry and Commerce (AIC) conducts annual company reviews to ensure that enterprises meet the requirements. If the Administration finds that the company does not fulfill certain requirements, it may decide to revoke the business license of the company.

In accordance with Chinese law, having an office is one of the requirements for registering a company in China. The premises may be owned by the company or rented, but it must be a physical workspace. A virtual office with a phone number and mailing address is not enough in this case.

Office rental

· Preparation of a set of documents
· Submission of an application and necessary documents to Property Management
· Approval of the application by the Real Estate Office
· Obtaining a rental certificate.

Steps for issuing a certificate:

· Layout of the room
· Declaration of Responsibility for the Integrated Management of the Leased Premises
· Lease agreement received at the administrative office of the district committee
· Certificate of title to property
· Landlord identity document:

Documents required:

Landlord's documents:

· Identity document (original)
· The name of the company proposed for registration

Tenant's documents:

Accounting & audit

Foreign companies registered in China must maintain financial statements, including financial statements, profit and loss statements, cash flows, and conduct annual audits.

An annual audit in China is a prerequisite for all enterprises with foreign investment (FIE) in China, including enterprises with foreign capital (WFOE), joint ventures (JV) and representative offices (RO), in accordance with the Chinese Companies Law and other relevant regulatory acts.

The purpose of the audit is to confirm that the real financial situation of your company matches the information in the reports.

· The annual balance sheet and annual income statement in electronic form
· Business License (营业执照)
· Copy of capital audit report (if available)
· Identification
· Copy of the audit report for the previous year

Documents required for audit:

· Accounting for company earnings for the billing period
· Bank statement from a corporate account
· Certificate of expenses for the billing period
· Employee payroll
· Social Security Contributions & Bank payment documents

Documents required for accounting:

An audit is a formal audit of accounting and tax reporting by a third party. An audit is conducted in order to verify the reliability of the financial statements of the company.
The financial statements once a year are submitted for audit to auditors.

Documents legalization

China is not a party to the Hague Convention of October 5, 1961, which simplifies the legalization process by affixing an apostille. In this regard, consular legalization of documents is required.

It is necessary to legalize not only documents issued in China, but also foreign documents for their use in China. Our experts will help you go through the multi-stage document legalization process both in Russia and in China.

Legalization procedure:

· Translate a document
· To notarize the translation
· To certify a document in the legalization department of the Office of Foreign Affairs
· Legalize a document at the Consulate

from 2400 EUR

Licenses

For companies seeking to operate and expand in China, as in any other jurisdiction, it is first necessary to obtain government approval for certain activities before they can begin it. All processes, from the sale of products to the production of goods, require compulsory licensing, which is a necessary step for the legitimate conduct of commercial operations in China.

Although obtaining licenses in China is considered a rather complicated and confusing process, our specialists will make every effort to facilitate this process for you.

We have extensive experience in the field of basic licenses and are ready to help you get the license you need for your company in a short time.