The preparation phase is perhaps the most critical step in setting up your company. You will need to prepare shareholders’ documents from the parent structure, Chinese company names are selected, and office location is chosen, among other documentation.
MMG Thailand will provide a clear step-by-step explanation of what documentation and preparation are needed as this process requires many decisions and preparation of documentation.
Choosing the right name is an essential step in the process due to the chance that your selected name is already taken; hence applications are rejected. Therefore, you should prepare six optional names for this case.
Company names are set up in the same manner and order as below
For example, MMG’s official company name in China would be “Shanghai MMG Business Consulting Co., Ltd”.
After you select the bank, you will need to submit the original registration documents for your company, and the bank will process the account. Following approval, you will receive both the primary account and your capital account.
You will also need to acquire a Fapiao machine to produce tax receipts for local service providers or vendors that require the tax receipts. To receive the Fapiao machine, you are required to submit original company documents to the tax bureau.