China

Starting a Business in

Taiyuan - China

Below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

The information appearing on this page was collected as part of the Doing Business subnational project in China. Download this Doing Business report or explore other cities and topics.

No. Procedure Time to Complete Associated Costs
1 Obtain notice of Pre-Approval of the Company Name


1 day No cost
2 Open a preliminary bank account, deposit funds in the account and obtain the certificate of deposit


5 days RMB 20.00
3 Obtain capital verification report from an auditing firm


7 days RMB 600.00
4 Obtain registration certification "Business License of Enterprise Legal Person" from local Administration of Industry and Commerce (AIC)


15 days RMB 108.56 (Registration fee: 0.08% of registered capital; copy of Business License: RMB10)
5 Obtain approval from the police department to make a company seal


2 days No cost
6 Make a company seal


3 days RMB 200.00
7 Obtain the Organization Code Certificate issued by the Quality and Technology Supervision Bureau


7 days RMB 148.00
8 Register for national tax


2 days RMB 20.00
9 Register for local tax


2 days RMB 20.00
10 Open a bank account for the company and transfer registered capital to the account


5 days No cost
11 Apply for the authorization to print or purchase financial invoices


5 days No cost
12 Purchase invoices


1 day RMB 31.00 (RMB0.7-1.1 per set of invoices)
* 13 File for recruitment registration with local Career Service Center


1 day (simultaneous with procedure 11) No cost
* 14 Register with Social Welfare Insurance Center


1 day (simultaneous with procedure 11) No cost
* Takes place simultaneously with another procedure.
Subnational Data

Data snapshots