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How to Establish a Business in China by Avoiding Common Pitfalls

Invited by China-Britain Business Council (CBBC), Lee & Lee Associates hosted a seminar in Shanghai on How to Establish a Business in China by Avoiding Common Pitfalls for CBBC members who are interested in doing business in China.

China’s rapid economic development has been attracting more and more foreign investors to come to China. In order to do business in China, the first thing is to set up a company. However, the process and required documents could be much more complex than those in other foreign countries. Why so complicated? After the company is finally incorporated, what should you be focusing on? With years of rich experience on company establishment and business consulting, Lee & Lee Associates shared the key process and pitfalls including below aspects during the process of company establishment.

1. General process of establishing a Foreign Invested Enterprise
2. Time required
3. Name pre-approval
4. Signature filing issue
5. Notarization, authentication & bank credential letter
6. Total investment and registered capital
7. Organization of company
8. Public Security Bureau Filing Record
9. Tax registration and meeting taxman
10. Bank account
11. Branch set-up
12. Entity Change
13. Import and export licensing
14. Deregistration

In Lee & Lee Associates’ opinion, investors should Do in Rome as Romans do to establish a company in China. Only when you fully understand related information and issues and make adequate preparation can you set up a company smoothly and efficiently to carry out business.

The atmosphere of the seminar was very pleasant. Participants were actively involved in the discussion and asked lots of questions. This event was well received and appreciated by the CBBC and British / Chinese companies.

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