Navigating tax regulations for foreign-owned companies in China can be complex, especially for businesses entering the market for the first time. At Yifan Consulting, we specialize in providing tailored solutions to help international enterprises comply with local tax requirements while optimizing their operational efficiency. This article outlines key considerations for foreign-owned businesses in China and highlights how our expertise ensures seamless compliance and business success.

China’s tax system includes multiple layers of regulations, such as corporate income tax (CIT), value-added tax (VAT), and customs duties, which apply to foreign-owned companies. Non-compliance can lead to penalties or operational disruptions, making it essential to partner with a trusted local advisor. Yifan Consulting assists foreign-owned businesses in understanding their tax obligations, including filing deadlines, deductible expenses, and cross-border transaction reporting. Our team ensures that your company adheres to all regulations while minimizing risks.

For small-scale foreign enterprises, annual tax declaration services start from 4,000 RMB, offering a cost-effective way to maintain compliance without diverting internal resources.

Establishing a legal entity in China is the first step for foreign-owned businesses. Yifan Consulting offers free registration services for setting up a company in Shenzhen, including guidance on documentation and licensing. Key requirements include:

- For foreign individual shareholders: Valid passport copies.

- For foreign corporate shareholders: Notarized and authenticated incorporation documents.

- A registered address in Shenzhen (either a physical office or a virtual address through our Business Secretary Service at 3,000 RMB/year).

- A local Chinese mobile number for the legal representative.

The registration process typically takes 2–5 working days, with company seals prepared within 2 days and bank account setup completed in 1 day. Our efficient workflow ensures your business can start operations quickly.

Beyond registration and tax compliance, foreign-owned companies often require localized financial management strategies. Yifan Consulting provides integrated solutions, including bookkeeping, audit preparation, and guidance on using professional financial software. Our bilingual accountants bridge the gap between international standards and Chinese practices, ensuring accurate reporting and transparency.

For businesses with cross-border transactions, we offer specialized advice on transfer pricing, customs declarations, and VAT refunds, helping you avoid common pitfalls and maintain profitability.

With over a decade of experience, Yifan Consulting has supported 2,000+ foreign enterprises in Shenzhen and across China. Our services are designed to simplify complexities, allowing you to focus on growth. From free company registration to year-round tax support, we prioritize efficiency, accuracy, and client satisfaction.

For more details, visit our website at [https://www.yfcsgw.com/](https://www.yfcsgw.com/) or contact us at 400-888-2048 (landline) or 150-1374-0870 (mobile/WeChat). Our office is located at Room 503, Excellence Times Building, Central Road, Shajing Street, Bao’an District, Shenzhen.

By partnering with Yifan Consulting, foreign-owned companies gain a reliable ally in navigating China’s dynamic business environment. Let us handle the regulations—you focus on success.