Branch or subsidiary
Compare a branch with a new subsidiary for liability, tax, licences and administration.
Who it is for
Who this service is for
- WFOEs expanding to another city;
- companies that need a local presence for staff or licences;
- groups comparing a branch with a new subsidiary; and
- companies opening a site office or service point.
Scope
What Hongda does
The final scope is agreed for each engagement.
Address and scope review
Check the proposed address and the branch's business scope against the parent company's scope.
Registration filing
Prepare the registration documents for the branch.
Post-registration setup
Coordinate tax registration, bank account, social insurance and seals for the branch.
Accounting arrangement
Set up bookkeeping for the branch in line with the parent company's reporting.
Process
How it works
- 1
Confirm the purpose and location of the branch.
- 2
Compare branch and subsidiary options.
- 3
Review the address and business scope.
- 4
Prepare and submit the registration documents.
- 5
Complete post-registration setup.
- 6
Start bookkeeping and payroll.
FAQ
Frequently asked questions
Should we open a branch or a new company?
It depends on liability, tax, licences and how independent the operation needs to be. Hongda compares the options for your case.
Does a branch need its own bank account?
Arrangements vary by location and the bank. This is confirmed during setup.
Can a branch hire staff locally?
Local hiring, payroll and social insurance arrangements are set up as part of the post-registration steps.
Related services
Talk to Hongda
Tell us what you need. We confirm the scope with you before any work starts.