I have a plan in 2024，set a new company in Shanghai, by the year of the Dragon with lucky wind.

So my the question comes, is there anything to pay attention to?

From our teammany years of experience in company registration, if you are establishing your first company, please pay attention to belows:

1. How much is the registered capital of the company? Write too little, bidding, etc., may have an impact, write too much, starting from July 1, 2024, the new company law stipulates that the registered capital needs to be full paid within 5 years at the latest!

2. What is the business scope of the company? Must consider comprehensive, can be forward-looking to consider some scope of business, after all, to modify the scope of business, need to do some change process, time-consuming!

3. Where is the registered address of the company? In addition to the free address, but also consider the tax rebate rate and how long this tax rebate rate can be maintained!

4. Which bank is best for the company? Convenience and maintenance cost must be compared and analyzed, especially for basic accounts, because the change of bank account is not only troublesome, but also affects the collection during the change.

5. What is the company's nature in tax side? A Small-scale taxpayer or a General-VAT taxpayer, this depends on the specific situation of the company. Once the General-VAT taxpayer is selected, according to the current policy, it is impossible to switch to Small-scale taxpayers!

6. What accounting standards does the company adopt? Accounting Standards for Small Business or Accounting Standards for Business Enterprises? How to choose? It mainly depends on the situation of the company, but small business accounting standards are simple and time-saving!

Any help in this side, please contact us.

Please contact us with any enquiries

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www.ruanyinchina.com

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