Accounting for Your Business in China

If you are running or planning to start a business in China, accounting under local standards is a mandatory requirement. Move to Agency handles all calculations, reporting, and communication with tax authorities, so that you can focus on company development instead of paperwork.

Chinese Accounting: What You Need to Know

China follows its own accounting system — Chinese Accounting Standards (CAS). All businesses operating in China must be officially registered and keep records regardless of their business nature or size.

What this means:

• Accounting must comply with CAS, in Chinese;
• Reports must be submitted monthly, including movement of funds;
• Financial statements must be prepared annually;
• Foreign-owned companies are subject to audit and may require tax planning.

Failure to comply can result in fines, blocked accounts, and even revocation of business licenses. That’s why proper accounting is not just a formality, but a strategic business function.

Why You Should Delegate Accounting to Professionals

Accounting in China is complex and includes:

• Bookkeeping in accordance with legislation and in Chinese;
• Preparation and submission of tax reports;
• Communication with tax authorities;
• Risk assessment and reporting optimization;
• Ensuring full compliance with Chinese tax laws and SAFE regulations.

Team Move to Agency takes care of it all. We:

• maintain accounting under CAS;
• submit reports without delays or errors;
• minimize tax burden;
• protect the client’s interests in front of the tax office;
• represent the company before state regulatory bodies.

You save time, nerves, and resources — and we guarantee the accuracy of reports and the security of your business.

What’s included in Move to Agency’s accounting package

Our comprehensive package covers all aspects of financial accounting in China. It is suitable both for early-stage startups and companies with active operational activity.

The service includes:

• Accounting: document flow, filing, transaction recording, reporting;
• Tax reporting: statements and filing of declarations (VAT, income tax, withholding tax, etc.);
• Banking operations: statements, payments, compliance with transaction regulations;
• Hiring and HR support: payroll accounting, employee documentation and contracts, reporting to SAFE/CBIRC and tax office;
• Additional services on request: temporary accounting, personnel outsourcing, preparation of reports and responses to SAFE/CBIRC or head office.

Move to Agency — it’s not just accounting services. It’s your confidence in compliance in one of the world’s most regulated business environments.

FAQ

1. Is it mandatory to hire an accountant in China if the company has no activity?

Yes. Even if a company does not have operational activity, it is still required to submit “zero” reports monthly. Failure to file declarations can result in fines and may block further business operations.

2. Can accounting be managed remotely?

Yes. Our team fully supports clients remotely. Documents can be submitted digitally, and reporting is filed directly through the tax system or the HICP portal.

3. In which language is accounting maintained?

According to the regulations, accounting is conducted in Chinese and based on Chinese Accounting Standards (CAS). However, we provide key documents and reports to clients in English if needed.

4. Do you only work with Chinese companies or also with WFOEs?

We provide support for all legal entity types in China: WFOEs, Joint Ventures, Representative Offices, FTZ entities, and others.

5. Can you also provide payroll accounting and HR services?

Yes. We offer additional services including payroll processing, reporting, and HR documentation — upon request or as part of an expanded service package.