Your Trusted Partner for Running Business in China

Shanghai Zhenying Enterprise Management & Financial Consulting Co. Ltd.(Shanghai Zhenying) was established in 2020. We are a licensed professional bookkeeping agency deeply rooted in Shanghai and the Yangtze River Delta region. We leverage solid expertise in finance and taxation, along with extensive practical experience, to provide micro and small businesses clients across various industries and countries with one-stop, high-quality financial solutions, and help foreign entrepreneurs and small businesses set up, stay compliant, and grow in China.

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Our Services

End-to-end financial and compliance support for your China business

Account Setup

Setup general ledger and sub ledgers in system in accordance with Chinese Accounting Standards(CAS)
Align the monthly work process
Confirm service timeline
Transfer historical data (if transfer in)
Bank account opening, and invoice (fapiao) applications

Accounting & Reporting

Monthly bookkeeping under Chinese Accounting Standards(CAS)
VAT and corporate income tax monthly and quarterly tax filing
Import transactions into system
Prepare monthly reports (Trial Balance, Profit & Loss Statement and Balance Sheet, and customized client's reports)
Journal & invoice binding and document storage

Annual Compliance

Annual corporate tax reconciliation
Annual report & filling
Publicity if financial data (gov template)
Foreign exchange reporting

Add-on Service

Domestic Payment
International Payment
Export VAT Refund Filing
Export VAT Refund
Fapiao / VAT Receipt
Bank Access
Payroll and social insurance support
Annual audit coordination
Tax planning for small businesses

Why Outsource Your Accounting & Tax Compliance?

Discover the advantages of partnering with us for your financial needs in China

Expertise on demand: Navigate China's complex accounting standards and tax regulations with confidence, backed by our deep local knowledge.
Focus on growth: Free up your team's time and human resource from administrative tasks so you can concentrate on core business activities.
Stay compliant, always: Our team stays ahead of regulatory changes, ensuring you're never caught off guard by new rules.
Avoid costly penalties: Timely and accurate filings are critical in China - we help you stay on the right side of the authorities.
Smart tax planning: Beyond compliance, we identify legitimate strategies to optimize your tax position and reduce your overall burden.

Why Choose Zhenying

Licensed & Compliant

Fully licensed agency, ensuring 100% adherence to Chinese accounting and tax standards.

Specialists for Foreign Small-size Enterprise

Dedicated to overseas entrepreneurs with seamless bilingual support for a smooth market entry.

Deep Local Expertise

Expert guidance on tax planning, banking, and regulations to minimize risks and maximize efficiency.

Data Security Guaranteed

Strict confidentiality protocols to fully protect your sensitive financial information.

Transparent & Efficient

Clear pricing, High efficient service, allowing you to focus entirely on growing your business.

Our Service Process

A clear, step-by-step journey from consultation to compliance

Initial Consultation

We will understand your investment background, business model, and future plans to recommend a suitable setup approach.

Tax Planning Assessment

We will assess your taxpayer status, applicable taxes, and key tax implications, and provide compliant and practical tax planning advice.

Agreement Signing

We will confirm the service scope, fees, document handover process, and confidentiality terms to ensure clear responsibilities for both parties.

Account Opening & Tax Setup

We will assist on your tax registration, tax category confirmation, invoice setup, and e-tax system activation.

Monthly Bookkeeping

You will provide bank statements, invoices, contracts, payroll, and expense records each month, and we will handle bookkeeping, foreign currency conversion, tax filing, and monthly reporting.

Annual Compliance

We will assist with the annual audit, corporate income tax reconciliation, industrial and commercial annual report, and foreign investment information reporting to ensure ongoing compliance.

Common Questions

Quick answers for foreign entrepreneurs starting out in China

WFOE stands for Wholly Foreign-Owned Enterprise. It is a type of limited liability company established in China that is wholly owned by foreign investors, without the need for a local Chinese partner.

The process typically includes: 1. Company name pre-approval. 2. Obtaining the Business License. 3. Carving official seals. 4. Opening a corporate bank account. 5. Tax registration.

A "Fapiao" is the official Chinese invoice used for tax purposes. It is strictly controlled by the Chinese tax bureau and is required for companies to deduct expenses and claim VAT refunds.

Yes. Even if your company has no income or expenses, you are still required by law to file a "zero declaration" monthly and quarterly with the local tax bureau to maintain good standing.