China has a vast territory and developed manufacturing industry. In recent years, in order to attract foreign investment, it has continuously opened up industries such as finance, services, and trade, and significantly lowered the threshold for foreign investment. At present, foreign investors do not need to pay in registered capital or provide bank credit certificates. They can easily register Chinese companies by filing with regulatory authorities.

Encourage investment in industries

The industries that China encourages foreign investment mainly include manufacturing, wholesale and retail, leasing and business services, scientific research and technology services, agriculture, forestry, animal husbandry and fishery, water conservancy and environmental and public facility management, disabled and elderly service institutions, specific cultural, sports and entertainment industries.

Annual Business Report

Foreign invested enterprises are required to submit an annual business report starting from the following year of establishment, with an annual reporting period from January 1st to June 30th each year.

Annual report of foreign-invested enterprises

Foreign invested enterprises are required to submit annual reports on foreign investment starting from the following year of establishment. The annual report period is generally from January 1st to June 30th each year (the specific time is subject to the time announced by the Ministry of Commerce each year).

Labor contract

Employees hired in China must sign a labor contract, and the rights and obligations of both parties will be specified in the contract. Enterprises must sign a labor contract with employees within one month from the date of their employment. Labor contracts are divided into fixed-term labor contracts, open-ended labor contracts, and labor contracts with a term based on completing certain work tasks.

Social insurance and housing provident fund

To ensure social welfare, enterprises established in China are required to pay a certain amount of social insurance and housing provident fund to their employees every month. Social insurance and housing provident fund are usually calculated as a percentage of an employee's monthly salary and are shared by both the company and the employee. Given the differences in living standards between cities, the provision ratios for social insurance and housing provident fund vary among different cities. The following are the provision ratios for social insurance and housing provident fund in some cities:

Enterprise employee social insurance provision ratio

The proportion of urban project enterprise burden and individual burden

Beijing Social Insurance 27.8% -29.5% 10%+3 yuan -10.2%+3 yuan

Housing provident fund 5% -12% 5% -12%

Shanghai Social Insurance 27.16% -28.52% 10.5%

Housing provident fund 5% -7% 5% -7%

Guangzhou Social Insurance 21.63% -23.3% 10.2%

Housing provident fund 5% -12% 5% -12%

Shenzhen Social Insurance 14.89% -23.09% 8.4% -10.3%

Housing provident fund 5% -12% 5% -12%

Dongguan Social Insurance 15.82% -18% 8.7%

Housing provident fund 5% -12% 5% -12%

Hangzhou Social Insurance 26.4% -27.7% 10%+4 yuan -10.5%+4 yuan

Housing provident fund 5% -12% 5% -12%

Nanjing Social Insurance 26.38% -27.06% 10.5%+10 yuan

Housing provident fund 5% -12% 5% -12%

Qingdao Social Insurance 27.1% -27.95% 10% -10.3%

Housing provident fund 5% -12% 5% -12%

Suzhou Social Insurance 22.9% -24.8% 10.5%+5 yuan

Housing provident fund 8% -12% 8% -12%

Note: The social insurance contribution base for the above-mentioned city is the monthly average salary of the previous year, with a lower limit of 60% of the average salary and an upper limit of 300%.

Our services include:

Registering a foreign-invested production enterprise

Registering a foreign-invested commercial enterprise

Registered Foreign Permanent Representative Office

Registering a foreign-invested consulting service enterprise

Registering foreign-invested enterprises in the pilot free trade zone

Using CEPA to register foreign-invested enterprises

Registering a Sino foreign joint venture

Registering a Sino foreign cooperative enterprise

Register Khorgos

Registering a Hainan company