How to Avoid to Get Blacklisted After China Company Registration
No boss wants the China company to be listed in the blacklist.
Therefore, Business China reminds you that you have to avoid the following several conditions firstly during China company operation:
The instant information of the enterprise shall be proactively publicized within 20 working days since the date of formation, which includes the following:
1. Information on subscribed and actually paid contribution amount, contribution time and contribution way of the shareholders of the limited liability company or the initiator of the company limited by shares;
2. Information on equity change such as transfer of shareholder equity of the limited liability company;
3. Information on obtaining, change and extension of administrative permit;
4. Information on pledge registration of intellectual property;
5. Other information which shall be publicized legally.
If the information is not timely publicized, the industrial and commercial department will order it to publicize within 10 days, those enterprises still not publicizing will be listed as abnormal.
The industrial and commercial department will verify the information publicized by the enterprise through spot check and report treatment, those concealing true conditions and practicing fraud will be listed as abnormal within 10 working days from the date of verification.
According to the provisions of the Reform Scheme of Registered Capital Registration System, the enterprise shall submit the annual report to the industrial and commercial administration authority through the market subject credit information publicity system within the stipulated time limit each year and publicized to the society for any unit and individual to inquire. If annual audit is not handled within the stipulated time limit, it will be listed as abnormal and publicized within 10 working days from the date when annual report is over.
As for the newly-built enterprises, some bosses sometimes think that the company does not operate business, it is zero reporting, and delaying for several days is OK. The consequence is if it is overdue, the enterprise will be required to rectify within a prescribed time limit and accept punishment of the tax authority. If the company does not report within the time limit and can not be contacted with nowhere to be found after on-site verification, it will be identified as abnormal account. Suggestions: carry out tax declaration on schedule and timely pay attention to the caution of the tax bureau on tax matters.
Therefore, Business China reminds you that you have to avoid the following several conditions firstly during China company operation:
Ⅰ. Not timely publish enterprise information after China company registration
The instant information of the enterprise shall be proactively publicized within 20 working days since the date of formation, which includes the following:
1. Information on subscribed and actually paid contribution amount, contribution time and contribution way of the shareholders of the limited liability company or the initiator of the company limited by shares;
2. Information on equity change such as transfer of shareholder equity of the limited liability company;
3. Information on obtaining, change and extension of administrative permit;
4. Information on pledge registration of intellectual property;
5. Other information which shall be publicized legally.
If the information is not timely publicized, the industrial and commercial department will order it to publicize within 10 days, those enterprises still not publicizing will be listed as abnormal.
Ⅱ. The information publicized by the enterprise is false
The industrial and commercial department will verify the information publicized by the enterprise through spot check and report treatment, those concealing true conditions and practicing fraud will be listed as abnormal within 10 working days from the date of verification.
Ⅲ. Not timely having annual audit
According to the provisions of the Reform Scheme of Registered Capital Registration System, the enterprise shall submit the annual report to the industrial and commercial administration authority through the market subject credit information publicity system within the stipulated time limit each year and publicized to the society for any unit and individual to inquire. If annual audit is not handled within the stipulated time limit, it will be listed as abnormal and publicized within 10 working days from the date when annual report is over.
Ⅳ. Delaying in financial reporting
As for the newly-built enterprises, some bosses sometimes think that the company does not operate business, it is zero reporting, and delaying for several days is OK. The consequence is if it is overdue, the enterprise will be required to rectify within a prescribed time limit and accept punishment of the tax authority. If the company does not report within the time limit and can not be contacted with nowhere to be found after on-site verification, it will be identified as abnormal account. Suggestions: carry out tax declaration on schedule and timely pay attention to the caution of the tax bureau on tax matters.