The new company law of Guangzhou has been implemented since July 1, 2024. All new companies registered from July 1, 2024 must pay the registration capital within 5 years. But the good news is no more supervisor, which means one person can register a Guangzhou company.
Q: If I don't want to pay the registration capital, what should I do?
A: No worry. We recommend you to register a representative office.
Q:So how to register a representative office?
A:You need to have your own company in your country for at least 2 years and you need to have a company bank account at local.
The following is the most significant difference between representative office and trading company.
Representative Office |
Trading Company |
Cannot Run Business |
Can Run Business |
Cannot Hire Employees by Representative Office (Can Hire from the Personnel Department under the Country) |
Can Hire Employees by Company |
Cannot Sign Contract |
Can Sign Contract |
Income converted from expenses |
Revenue is the turnover |
If you want to know more, please scan the following QR code, add the wechat:fannycly, Mobile:16616683981 and consult Golden Top Firm
