The 5 main types of company chops in China Beyond the official company chop, a firm will likely need several chops – each for a different purpose and used on different types of official documentation – depending on its business scope. Regardless, every business should consider diversifying their...
All letters, official documents, contracts, and introduction letters issued in the name of the company, certificates, or other company materials can use the official chop, which will legally bind the company. However, under some circumstances, certain documents will be required to be stamped with ...
A legally registered company in China is required by law to have at least a company official chop, which is the most significant chop in the organization. Technically, anyone who has possession of the company official chop can legally bind the company. This chop is required on all official...
The below analyses each type of Chinese company chop one by one, in descending order of importance: Company seal Available in an oval or round shape, the company seal is the main chop on which all the other seals depend and are carved. It is the company’s official sign of valid...
In many cases, the company, financial, and customs chops are enough for daily business. However, the government might require additional chops in unique circumstances. For instance, if a foreign-owned firm has a parent company, the government might require their chop on certain documents. ...
Reference to the company “chop” and its importance was made in the first article of this 5 part series. However, because there is such a significant difference between China’s Company Law and those of the Western world, where most foreign companies originate, it was felt that the fifth ...
This registration helps you to get thecompany chops. In China, company chops are equivalent to the value of signature in western countries. If you do not have a chop, it is impossible to validate any contract. 7. Open a Bank Account ...
In fact, in most cases two chops will be required for documents to be deemed valid. For example a bank cheque will need both the finance and legal representative chops, which adds an additional level of security. Types of Chops The Company Chop All legally registered companies in China ...
In China, company chops are equivalent to the value of a signature in western countries. If you do not have a chop, you will be unable to validate any contract. 7. Open a bank account To begin operating your business, it must have a connected bank account. A Chinese business bank ...
Explore the benefits and essential steps for registering your company in China, covering WFOEs, joint ventures, and key documents for success.