Company Incorporation
Registering and opening a foreign business in China is often more complex than it seems. Approvals from multiple local authorities and bureaus, strict adherence to industry specific regulations, and a considerable amount of red tape are just a few of the obstacles that need to be dealt with. It is therefore not surprising that the setup and incorporation of a company, be it a Wholly Foreign Owned Enterprise (WFOE) or a Representative Office (RO), is usually handled by a local service firm. Once the decision is made, CBC can handle all the administrative procedures of the company incorporation process and follow up services for you.
Judging from your business plans, CBC Business Consulting suggests the suitable legal entity, whether a trading or consulting WFOE, RO, or even a full function manufacturing plant, applies for the company name in local language, defines the legal structure and registered capital, prepares checklist documents, initiate the application process for the business license, taxation, bank, customs, etc. and hand over all the certificates and keys after the setup is completed.
There have been advancements in establishing international accounting standards in the last years. But measures still vary greatly from country to country, and China is no exception. As it is generally understood, accounting standards in China differ quite substantially from standards in Europe or the United States. Foreign companies are advised to look for local accounting support when setting up a new legal entity in China. Accounting outsourcing services and tax advisory services in China are on the rise. Having local expert knowledge helping you find the way through the accounting jungle is often the only solution to stay away from (additional) government red tape and lengthy procedures.
For many firms, handling payroll is an onerous task, and maintaining payroll management capabilities is costly even in their own origin countries. When one wishes to set up business in China, the task becomes even more challenging due to the language barriers, legal differences, and the constant need for close attention to changing regulations that inherently comes with managing payroll. It is no wonder that so many businesses choose payroll outsourcing, and here in China we have had the chance to assist our clients in their pursuits by effectively taking on this sensitive roll.
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Company Setup
Registering and opening a foreign business in China is often more complex than it seems. Approvals from multiple local authorities and bureaus, strict adherence to industry specific regulations, and a considerable amount of red tape are just a few of the obstacles that need to be dealt with.
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Accounting & Taxation
There have been advancements in establishing international accounting standards in the last years. But measures still vary greatly from country to country, and China is no exception. As it is generally understood, accounting standards in China differ quite substantially from standards in Europe or t
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Payroll Services
At CBC Business Consulting, we pride ourselves in providing quality support services to our clients in their business development activities in Asia, this includes our Accounting & Payroll service as a long-time Payroll Outsourcing Company in China.