China company annual report
Hotline: 86-755-82143348, Email:amyhuang@citilinkia.com
China company annual report is required by China's company laws and regulations for all foreign invested enterprises incorporated in China. According to the Provisions of the Fifth Annual Inspection Procedures of the Company, the date of China company annual report begins and ends from March 1st to June 30th each year. Failure to comply with the annual report and compliance may result in extra expenses, penalties, or even revocation of business licenses.
The numbers of company registered in China is increasing each day. The end of a year is always busy for companies. Moreover, with the non-stability of the submit system, it is better to arrange the annual report in advance to avoid surprises. In addition, if you own a trading company with the import and export license, please remember to submit the annual customs annual inspection as well.
Major Content of an Annual Report
Enterprises incorporated in China shall submit the annual report to the administrative department through the public notice system of the credit information of the market subject within the prescribed period, which may include:
(1) Implementation and change of the company's registration particulars;
(2) Internal Auditing with the help of audit firm;
(3) The contribution of the shareholder or the contributor;
(4) External investment of the company;
(5) Establishment of branch offices by the company;
(6) Operation report of the company.
Failure in Annual Report Delivery
Many business owners think annual reports are very troublesome. They ignore the benefits of the annual report. However, failure in submitting annual report will incur unnecessary expenses or even severe punishment, for example,
(1) A lifetime record of “Poorly Preforming Company List”;
(2) Have difficulties in conducting company alternation and cancellation;
(3) The company will have no qualification for working visa application, renewal or cancellation;
(4) Legal representative of the company cannot even buy air tickets, train tickets within China;
(5) Legal representative cannot serve as the management position in other company;
(6) Have a possibility to face fines.
To ease and help your business expansion in China, ATAHK provides a one-stop company registration service and company management services. Our experienced consultant will be glad to assist and advice on how to approach your particular challenge.
Contact Us
If you have further inquires, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling Wendy at 0755-82143410 or emailing to wendywang@citilinkia.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.