About the registration of companies in Beijing
Beijing Company registration is not an easy task especially for potential foreign investors. As a foreign investor one will have to contend with the lengthy and registration process which involves making multiple trips from one departmental office to another. However, the process of Beijing company registration for foreign investors need not be a nightmare since there are various companies which have identified this need and come up with strategies and frameworks for making this process as smooth and as fast as possible. This solution provides a reprieve for investors hence they can devote all their time, efforts and resources towards their core business and competencies. A good example of a company that assists foreign investors by offering professional consulting service is Gold-Tech Services Limited which is based in Beijing, China.
Beijing Company registration has various business requirements. The first of these is that a company must have a registered business name and a pre-approved license for the industry in which it is. Secondly, the company must have a local secretary and a local registered office. The office must be a physical address and not just a Post Office box. Thirdly, the company must have at least one director, one legal representative, and at least one shareholder. The details of the company's officials must be filed at the office of the Registrar of Companies and these are regarded as public records.
The procedure for Beijing Company Registration includes searching for the company name with the local company registry and the attainment of an approval from the Fire and Environment Bureau for the manufacturing sector, including pre-approval for some special sectors. After this the company gets a certificate of approval from the Beijing Municipal Bureau of Commerce. This is followed by application for a business license from the Chinese Company Registry followed by application for stamps from the Chinese Public Security Bureau. After this the company proceeds to apply for licenses from the various government bureaus which include quality and technical supervision and the tax and statistical bureaus. This is then followed by an application for permits from banking authorities to open banks accounts. The company should then apply for foreign exchange trade licenses from the Chinese Administration of Foreign Exchange and also apply for import and export licenses from the Beijing Customs Authority and finally apply for financial registration of the foreign investor enterprises from the Beijing Municipal Financial Bureau.
Having completed all these procedures of Beijing Company registration the company can then proceed to freely transact its business in Beijing as it will be a fully fledged legal entity recognized by the authorities.
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