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A Step-by-Step Guide for Foreign Business Owners in China
Foreign business owners who are interested in breaking into the Chinese market may find it challenging to navigate through the bureaucracy involved in registering a company name in China. Shenzhen, being a hub for startups and SMEs, makes it relatively easier for foreign founders to register a company name in English. This article provides a step-by-step guide to help foreign business owners register a company name in Shenzhen, China.
1. Understand the restrictions on company names
Before registering an English company name in Shenzhen, foreign business owners need to understand that there are restrictions regarding company names. According to the Regulations on the Administration of Enterprise Name Registration, company names that have already been taken or that contain sensitive words or phrases such as "China," "Chinese," "National," and "State" are not allowed. Moreover, company names that do not comply with the country's laws and regulations are also prohibited.
2. Conduct a name search
Once a company name is selected, foreign business owners need to conduct a name search on the official website of the Shenzhen Administration for Market Regulation (SAMR). The company name should show up under "Search for Enterprise Name" and "Search for Enterprise Credit Information." This step is crucial as it helps foreign business owners ensure that their company name is not already taken.
3. Submit documents and apply for registration
After conducting a name search, foreign business owners will need to prepare a set of documents that includes their company's business scope, organization code certificate, and tax registration certificate. These documents should be submitted to the SAMR office. Once all documents are in order, the foreign business owner can apply for the registration of their company name. The government will then conduct a review and issue the registration license if the application meets all the requirements.
4. Pay registration fees
After the registration is approved, foreign business owners will need to pay registration fees within 30 days. The registration fee varies based on the registered capital of the company. The payment can be made at the payment window of the SAMR office.
5. Receive the registration certificate
Once the payment is received, the SAMR office will issue a registration certificate for the company name. This certificate is proof that the company name registration has been approved. Foreign business owners should keep this certificate safe as it may be required for future business activities.
In conclusion, registering an English company name in Shenzhen, China, is a relatively straightforward process. Foreign business owners should take note of the restrictions on company names, conduct a name search, submit necessary documents, pay fees, and receive the registration certificate. By following these steps, foreign business owners can start their business in China with confidence.
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