Q1. What should we pay attention to when naming a China company?
- Avoid using names that violate public order and good customs, are misleading, and consist of two or more China characters that comply with national standards. Arabic numerals and English letters cannot be used.
Q2.When establishing a foreign-invested enterprise, do the documents need to be notarized?
- When setting up a company in China, some documents do need to be notarized and certified. Inter Area has professional experience in handling notarization matters in local countries and can assist customers in handling relevant notarization documents.
Q3. What is the minimum registered capital requirement? Is paid-in capital mandatory?
- Requirements vary by business type and industry. In general, the minimum capital for a WFOE ranges from RMB 100,000 to 1,000,000. Under current Chinese regulations, certain industries may adopt a subscription system, meaning the capital does not need to be fully paid up at once.
Q4. Are annual financial statements and audits required?
- Yes. Companies are required to prepare annual financial statements, which must be audited by a certified public accountant. For accounting and tax-related matters, please refer to the article “Bookkeeping for Entity Company”