Why Need Submit A Timely China Annual Report After Company Registered

What isChina Company Annual Report?

As a means to corporate regulatory, one of the obligation that company in China must bear after registration is the submission of company annual report forsetting up company in Chinawithin a specific period.

China brings in the corporate credit system which means all the annual reports are available to the public.

What if Fails to Submit Company Annual Report?

• A lifetime record of “Poorly Preforming Company List”
• Have difficulties to do company alternation and cancellation.
• The company will eliminate the qualification for working visa application, renew or cancellation.
• Legal representative of the company cannot even buy air tickets, train tickets within China.
• Legal representative cannot serve as the management position in other company.
• Have a possibility to face fines.

Why Should Prepare the Annual Report in Advance?

The numbers of company registered in China is increasing each day. The end of a year is always busy for companies. Plus, with the non-stability of the submit system, it is better to arrange the annual report in advance to avoid surprises.

Please noted that if you own a trading Company with the import export license, please remember to submit the annual customs annual inspection as well.

Facts

• To easy our clients’ business expanding in China, Business China provides a one-stop company registration service and company management services.
• As your company secretary, we will update you the submit of annual report on time.
• We have a team of professionals with diversified backgrounds.