Översättning business license
Google's service, offered free of charge, instantly translates words, phrases, and pages between English and over other languages. A business license in China is an official license that all entities including Chinese-owned companies operating in China, are required to have. In this article we introduce all the elements present in a Chinese business license and insights to keep in mind when applying for a Chinese business license.
In this article, we detail what information is on a Chinese business license.
Text translation
A Chinese business license contains a wealth of information about a company, including its name, registration number, legal representative, business scope, registered capital, and date of establishment. These details are crucial for conducting business in China and are necessary for opening a bank account , signing contracts, and obtaining permits and licenses. Understanding the information provided on a Chinese business license is essential for foreign investors and companies looking to establish a presence in China.
This is the identification number of the company. Every company has one, and it is used in multiple instances. The USCN system was established in to replace the previous registration system, which was prone to inconsistencies and inaccuracies. The USCN serves as a form of identification and enables companies to conduct business with government agencies, financial institutions, and other companies in China. By having a USCN, companies can enhance their credibility and reputation in the market and gain easier access to government services and support.
This is the number issued for your business license. Note that this is the license number, not the company number. If the license is lost or replaced, this number will change, but the social credit number will remain the same. The formal company name of your business in China. This name is usually between three characters or four characters. It can be tricky to come up with this name because of certain restrictions for company names, regulated in the Rules for the Prohibited and Restricted Use of Enterprise.
In short, the company name cannot contain:. The description of the business category shall also be mentioned in a short two or three word s. It is only for identification purposes. For foreign investors, the common choice is Limited Liability Company. Please notice that the company type here is not the same as the company type in the name section. It is a more detailed description instead of just a general one. Common company types in this section are:.
An LLC can be invested by one or more individuals and provides them with limited liability protection. The LLC structure offers flexibility in terms of management and decision-making, as well as the ability to issue shares to raise capital. The shareholders of an LLC in China are required to hold annual meetings and file annual reports with the authorities. The LLC provides limited liability protection to the FIC, shielding them from any personal liability for the debts and obligations of the company.
The shareholders of an LLC in China are also required to hold annual meetings and file annual reports with the authorities. An Individual Invested Company IIC in China is a type of business organization in which an individual or a group of individuals invest in a company. The IIC is a separate legal entity from its investors, and it provides limited liability protection, meaning that the investors are not personally liable for the debts and obligations of the company beyond their investment amount.
A JSLC can have multiple shareholders and can be established by Chinese or foreign individuals or companies. The shareholders of a JSLC in China can transfer their shares to others, and the company can issue new shares to raise capital. The shareholders are required to hold annual meetings and file annual reports with the authorities. The JSLC structure is suitable for companies with a large number of shareholders and significant capital requirements.
For foreign investors, the business license would show that it is a Limited Liability Company invested by foreign investor. If the WFOE makes another investment to set up another company, then the business license would show that it is a Limited Liability Company invested by foreign invested company. The legal representative is the person that represents the company in law. Please also be aware that since the legal representative represent the company, if the company conducts any illegal business or action, the legal representative is also liable.
All You Need To Know About Your Business License in China
Unlike the business field in the name, the business scope is very detailed. For big MultiNational Companies, the business scope would be detailed and descriptive. Please note that the business scope should contain the details of every business operation that a company is going to conduct. If the company conducts any activity outside its business scope, the government authorities may impose a fine for the violation.