Shanghai Trading Company Registration and Bank Account Opening

Shanghai Trading Company Registration and Bank Account Opening發布自COLVASS CONSULTING LIMITED

關鍵字 Bookkeeping, Accountants, Hong Kong company formation

Procedures for Establishing a FICE in Shanghai, China
The whole process for the registration of a company in Shenzhen, China could be divided into three stages, namely preliminary, registration and post-registration stage. Each of the stages is described below.

1. Preliminary Stage

(1) Banker's Reference Letter
(2) Lease of Office Spacev
(3) Legalisation of Identity Documents of the Shareholder/Member
(4) Other Documentation

2. Application for Registration of the FICE
    * Examination and Approval
    * Registration for Business License
    * Name Search and Reservation

3. Post Registration
  Once after the FICE is officially registered, it also needs to apply for various certificates from or apply for registration with the following government departments:
  (1)  Application of "Enterprise Code"
Apply for registration with Quality Inspection and Control Bureau and obtain the Enterprise Code and Card; 
  (2)  Finance Registration
Application for registration with the Finance Bureau and obtain the Finance Registration Certificate;
  (3)  Carving of Company Seal and Chops
Application for Approval for making of Office Stamp (Office Seal) from the Public Security Bureau and arrange the carving the company seal and chops;
  (4)  Tax Registrations
Apply for registration with both the State Tax Bureau and Local Tax Bureau and obtain the State and Local Tax Registration Certificate;
  (5)  Customs Registration
Application for registration with the local Customs Department and obtain the Customs Registration Certificate;
  (6)Apply for registration with Foreign Exchange Control Bureau
Application for registration with the Foreign Exchange Bureau and obtain Foreign Exchange Registration Certificate;
  (7)  Opening of bank accounts
Opening of capital account, RMB basic account and tax paying account with a bank of your choice in China; if the tax authority does not require a separate account for payment of tax, then a total of two accounts will be opened.

Required Documents and Materials for the Purpose of Registering a Trading Company in Shanghai
  The following documents and materials needed to be prepared by the application before submitting an application for registration:
(1)  A copy of the latest audited financial statements
The latest audited finance statements of the corporate investor provided that it has been set up for more than 1 year;

(2)  Particulars of the proposed FICE
* The total amount of investment in the FICE;
* The name and address of your favourite opening bank for the FICE;
* A summary of the proposed scope of the business, the types of products and the scale of business;
* The amount of registered capital
* The proposed name of the FICE
* A detailed list of import and export merchandise, a summary of the proposed business scope and the scale of business. Please note special approval is needed if the goods to be imported or exported are restricted by Chinese government and our fees will be increased accordingly;

(3) Two sets of legalised identity documents of the investor
2 copies of the investor’s identity or incorporation evidence (i.e. passport for individual foreign investor and Certificate of Incorporation and/or Registration Certificate for corporate foreign investor) duly legalised by the Chinese Embassy;

(4) One set of legalised bankers?reference letter
A credit standing certificate (a banker’s reference letter) of the FICE investor issued within 6 months, which shall indicate the name of the investor, the credit standing and/or the balance of the account (the deposit shall equal to the registered capital of the FICE);

(5) Particular of the investor/shareholder
* The name, address and/or place of registration of the investor;
* The name, nationality and position of the legal representative (or the name and nationality of the managing director) of the investor;

(6) Two sets of original tenancy agreement
Two copies of Tenancy Agreement with a term of no less than 12 months of the office to be used by the FICE. 

For more information, please feel free to contact us.

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