Category : Guangzhou Company

New Business Regulations Starts from 1 March, 2016

Today formally implemented the first local regulations, the business registration ordinance of Guangdong province

(hereinafter referred to as the Regulations), which brings good news for entrepreneurs in Guangdong, 

provides facilitation on registration and creates favorable conditions for more entrepreneurs. 

一、《条例》所指的商事登记是指什么?

What does the business registration referred to in the Regulations?

二、《条例》中的商事主体包括哪些形式

What kind of business subjects are included in the Regulations?

三、《条例》凸显十大创新点 

Ten Highlights in Regulations 

1.在法规层面首次确定商事登记机关对申请材料实行形式审查。即审查申请材料是否齐全、是否符合法定形式。有利于尊重商事主体民事权利,推进商事登记便利化,提高登记效能;

1)For the first time determine authority shall conduct commercial registration form review of the application materials.

2.在法规层面首次调整商事主体部分登记事项。合伙企业合伙人、个人独资企业投资人的出资情况不再作为登记事项,统一企业法人以外的商事主体的场所为“经营场所”,统一各类商事主体的分支机构登记事项;

2)For the first time adjust part of the registered items for business subject.

3.在法规层面首次深化商事主体名称改革。放松名称限制,释放名称资源;简化名称登记环节,逐步推行名称自主申报,实行商事登记除名制度;

3)For the first time deepen reform of the business subject name.

4.在法规层面首次确定了公司股权纠纷解决机制。根据民事优先原则和效率优先原则,尽量在源头上防止股权纠纷的发生;

4)For the first time determine the ownership dispute settlement mechanism.

5.在法规层面首次确定了备案的定义、性质和救济途径,避免将备案演变为变相许可;调整备案事项,实行企业秘书制度;明确备案错误先经行政程序予以更正,备案申报人以外的人与备案申报人就备案事项之间发生争议的,应当寻民事途径解决;

5)For the first time identify the definition, nature and the relief way of record.

6.在法规层面首次优化商事登记程序。将受理条件改为材料齐全,将符合法定形式作为准予登记的条件,绝大多数业务可以实现当场受理,更为方便申请人;相较于《行政许可法》,商事登记一般期限缩短了13个工作日,最长期限缩短了16个工作日;在全省推行证照合一登记制度;

6)For the first time optimize business registration procedures.

7.在法规层面首次规定实行电子化商事登记改革。确定了“加具电子签名的电子文件、电子档案与纸质形式材料具有同等法律效力”、“全程电子化登记涉及的电子签名与手写签名或者盖章具有同等的法律效力”;

7)For the first time reform the electronic commercial registration.

8.在法规层面首次规定实行商事登记前置许可事项、后置许可事项目录化管理制度、“双告知”制度;

8)For the first time set up the advance & rear license commercial registration management system and “double told” system.

9.强化信用监管。强化企业信用信息公示平台的作用,实现本行政区域内商事主体信息的互联共享;强化对失信行为的惩戒,对被列为经营异常状态等商事主体实行登记限制;强化商事主体不依法公示信息、公示信息虚假的法律责任;强化商事主体未按规定办理备案的法律责任。

9)For the first time strengthen the credit supervision.

For more information on Regulations or Company Registration and Enterprise Services, please feel free to contact with GZ-Timely Visa & Corporation Limited. Seize the opportunity to start up your business in China, you really need professional and reliable business consultants! 

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China Tax and Book-keeping in Guangzhou

Guangzhou has two bureaus handling different taxes. Here you can find out what taxes are payable by foreign nationals, how individual income taxes are calculated, how the taxes can be paid, and what exemptions and concessions are available. Also you can obtain from here information about taxes on car purchases.

1. China Tax Category and Tax Bureaus

The Guangzhou Municipal Office of the State Administration of Taxation and Guangzhou Local Tax Bureau are the tax authorities of Guangzhou, each responsible for the collection of different types of taxes. Under the current Chinese law, eight taxes are applicable to foreign nationals and are collected by the local tax bureau: business tax, individual income tax, urban land use rights tax, land value added tax, urban real estate tax, resources tax, vehicle and vessel tax, and stamp duty. Taxes payable by foreign nationals to national tax authorities include: vehicle purchase tax, individual income tax on savings deposits, and individual income tax on offshore oil exploration enterprises. Foreign nationals in Guangzhou who have formed an enterprise should initiate tax registration formalities with responsible national and local tax authorities within 30 days following the formation of their enterprise or initiation of a taxable transaction.

2.Guangzhou book-keeping and tax return
Guangzhou and foreign companies make a great difference between tax accounts?Foreign company is only after the end of the annual tax declarations, while Guangzhou company is registered within 30 days after the competent tax authorities are required to apply for tax registration and tax returns.

3. Advantages of Guangzhou book-keeping and accounting

At the very beginning of the establishment of a small and medium size company, it will add to the investment risk to spend huge expenditure hiring a professional finanical manager or officer, especially when its business is not stable and large. What’s more, it is also hard for an entrepreneur to distinguish wether one is a qualified manager or officer or not. With Guangzhou bookkeeping agency, what’s saved is not only time and efforts, but also costs.

4. Specific mattersTIMELY Services

1. Guangzhou Local Taxation Bureau are required to carry out the Internal Revenue Service and local tax returns, sub-monthly, quarterly, annual reports, foreign companies are subject to annual audit in order to return;
2. Guangzhou required to declare the Internal Revenue Service: value-added tax, corporate income tax, import and export operation rights, also need to declare, “Exemption, Credit and back” tax, to declare the nature of the period vary with the company’s different;
3. Guangzhou Local Taxation Bureau are required to declare: personal income tax, a comprehensive tax (ie sales tax and urban construction tax, surcharge for education and embankment.

5. TIMELY Service

Instead of hiring your own staff with fixed monthly payroll expenses, we can handle the accounting work for client in monthly, quarterly or yearly basis.

Advantages of engaging our service include:

•Saving in recruitment and management of staff.
•Saving in working space for staff.
•Saving in fixed monthly payroll and social benefit contribution.
Better quality in output as supervised by professional accountants.

6. CONTACT US
TEL: +86 020-83652006
WEBSITE: www.clrge.com

Establishment of the Guangzhou Foreign Partnership

THE CONCEPT OF FOREIGN PARTNERS

Foreign investment partnership is two or more foreign enterprises or individuals in China set up the partnership, as well

as foreign enterprises or individuals and Chinese natural persons, legal persons and other organizations in the

partnership established in the territory of China. Types of partnership with foreign investment, including foreign investment

general partnership (including a special ordinary partnership) and foreign investment limited partnership.

THE COMPANY NAME

Each name is only verified by Industrial and Commercial bureau. Their company name will be marked “general partner,

special general partnership, limited partnership “. In special general partnership enterprise, partners need to submit proof

of professional qualifications and shall be in accordance with relevant laws and administrative regulations, to submit proof

of business registration authority.

THE REGISTERED CAPITAL AND PAID-UP CAPITAL

No registered capital requirement.

THE DOCUMENTS TO BE PROVIDED

(1) “Application for Registration of a partnership business”;

(2) “Corporate name prior approval application ” and the name of the approval notice
(3) identification of all partners;
(4) the business site certificate;
(5) the partnership agreement;
(6) signed by all partners meet the description of foreign investment in industrial policy.

SERVICE CONTENT

1) Original Articles of Association;

2) Both original and duplicate copy of business license;
3) Cachet, financial, custom and legal representative private chop;
4) License of Opening account;
5) Seal carving registration card;
6) Both original and duplicate copy of Organization Code License & card;
7) Registration license and form of State &Local Administration of Taxation.

THE FOLLOW-UP SERVICES

DaDa can help you open company bank account, tax payment accounts, tax- return, annual return, modification, finance of

company and other services.

THE TIME NEEDED

30-35 working days

CONTACT US
TEL: +86 020-83652006
WEBSITE: www.clrge.com

Notes 1、Hand over of such as for non- Chinese document, need the translation organization that

China specifies a translation Chinese, hand over together.

2、Carry out time to hand over a well-found day by consigning down payment and data
since start computing.

GUANGZHOU WHOLLY FOREIGN FUNDED ENTERPRISE (WFFE/WFOE)

WFOE TYPE

1.Consultancy Service WFOE.
2.Manufacture WFOE
3.Trading WFOE – Wholesale, Retail or Franchise in China
4.FICE (Foreign-Invested Commercial Enterprise)
Establishment of a talent agency with foreign investment Guangzhou business registration service provided by TIMELY. We will go to the relevant government departments for all formalities. TIMELY also gives you tailor-made professional and trustworthy service.

OVERVIEW OF WFOE IN GUANGZHOU
A China WFOE (or WFFE) is a business entity formed in China entirely with foreign capital and is under full foreign control and ownership. The WFOE/ WFFE is a Limited liability company wholly owned by the foreign investor(s). In Guangzhou China, WFFE was originally conceived for encouraging manufacturing activities that were either export orientated or introduced advanced technology. WFFE or WFOE gives greater control over the business venture in mainland China and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner. Such problems often include profit not being maximised, leakage of the foreign firm’s intellectual property and the potential for joint venture partners to set up in competition against the foreign firm. However, with China’s entry into WTO, these conditions were gradually abolished and the WFFE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well.

THE CONCEPT OF WFFE
The WFFE means the foreign investors (including Hong Kong and Macao investors) established the enterprises within Chinese territory, in accordance with the PRC Wholly Foreign Funded Enterprise’s Law, with capital provided solely by the foreign investor. The foreign investors could be the foreign enterprises, individuals or partners. (including Hong Kong’s and Macao’s).

COMPANY’S NAME
In China, only Chinese company’s names are officially used, while English company’s names are for reference only. NOT every name will be accepted by the Industrial and Commercial Administrative Bureau (ICAB), known abroad as Company Registry. And in China some sectors need special license. It is important to know that the wording of a company’s name should be in conformity with the registered capital. If a company’s name is in the wording of “international”, “investment”, the registered capital could be as more as RMB 10 million. While “group’’ or “holding” should be more than RMB 30 million (The detailed information depends on the local stipulations). Your company’s name must be distinguished from the others’ if you want it to be accepted by the ICAB.

ADVANTAGES OF WFFE
(1) Able to implement global strategy of its own parent company, without taking other factors from Chinese part into consideration;
(2) Different from Representative office, it’s able to operate its own business;
(3) Accept RMB as profits and issue invoice;
(4) Employ Chinese staff and transfer USD exchanged from RMB to parent company as profits;
(5) Protect intellectual property right and patent technology;
(6) Enjoy the profits on its own without sharing it with other co-operators;
(7) More effective in business operation, management and its future development.

REGISTERED AND PAID-UP CAPITAL
The registered capitals for trading enterprises are usually required as much as RMB 500,000 or above. For manufacturing enterprises, RMB 1 million or above is required, for consultancy and technology RMB 100,000 or above is required. In China, the registered capital should be paid-up within two year, you have to pay 15% in the first three months, while pay the balance in the remaining 21 months. If the investment is large enough, you can negotiate with the government on the matter.

BUSINESS SCOPE
Before filing the documents required with the ICAB, the applicant should confirm the business scope, which ultimately appears on the business license. Amending the business scope requires further application and approval. General business scope usually includes, investment consulting,

international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, science and technology, manufacturing, wholesaling, retailing, import and export, etc.

OFFICE REQUIREMENT

For a trading company, the area should be at least 30 square meters, and for more than one year’s duration.

For a manufacturing enterprise, the approval by the relevant government departments, such as environmental and fire departments are required. And the area should be 200square meters or above, for more than one year’s duration.
For a trading company, the area should be at least 30 square meters, and for more than one year’s duration.

DOCUMENTS REQUIRED FOR FOREIGN INDIVIDUALS’ INVESTMENT

1: Original document & copy of identification documents (ID card, passport) of Chinese company’s legal representative, directors, monitors and managers.
2: Local lawyer’s legalization or notarization endorsed by the Chinese embassy or consulate in the investor’s country.
3: Eight color photos of the legal representative;
4: Feasibility study report; (possible to seek to ’s assistance)
5: Two original bank reference letters (from investor’s bank) indicating foreign investors’ creditability, issued within 6 months in both English and Chinese version.

NOTARIZATION OR LEGALIZATION
For overseas company who intends to invest in China, it should be notarized by its overseas lawyers. For investors from HONGKONG or MACAU, the notarization will be valid only after being notarized by the HONGKONG or MACAU lawyers which were recognized by the Chinese government first. And then, send it to the China Lawyer Service (HONGKONG) co., Ltd which was appointed by China Justice Department to stamp.

As the overseas investors, the subject of investment should be notarized by the local lawyer and signed at the back by the local Chinese Embassy or Consulate, or it is invalid. In addition, the purpose and receiver of the notarization should be clearly indicated in it.

To avoid unnecessary troubles, some overseas investors would like to set up the subject of investment in HONGKONG and finished the notarized formalities. For the legal person, two original notarizations are required. For the natural person, notarization is also necessary.

BANK REFERENCE LETTER
No matter the subject of investment is a natural person or a legal person, two original Bank Reference Letters are required both in English and Chinese version.

THE LEASE
The Chinese governments attach a great importance on the operating address. For a trading company, the address must be for commercial/office use only. As a manufacturing company, it must be for workshop use only.

Each address allows to be operated by one company. Before registration, the applicant needs to summit the lease or property certification. In addition, the owner of the company should be in conformity with the owner of the property or the lessor.

The lease agreement is valid only stamped by the housing authority uses the contract special purpose stamp.
Note: It is invalid to use if the lease agreement without the stamp and record number of Housing Management Authority.

TIMELY’S SERVICE

1, copies of Investment Approval Documents;
2, 2 copies of original articles of association signed by members of the Board and with company chop;
3, 2 copies of foreign invest enterprise approval license;
4, Both original and duplicate copy of business license;
5, cachet, financial ,custom and legal representative private chop;
6, Opening and canceling account confirmation;
7, Both original and duplicate copies of Organization Code License & card;
8, Registration license and form of State &Local Administration of Taxation;
9, Foreign exchange registration license and approval certificate;
10,Customs declaration registration certification; Finance registration license and form.

THE TIME NEEDED
1) For manufacturing enterprise: 70-100 working days will be finished. (Count the time after the approval of environment & fire and the detailed time depends on the operation type)
2) For the trading enterprise: 60-80 working days will be finished.(The detailed time depends on the operation type)
3) For the consultant enterprise: 60-80 working days will be finished.

TAX PAYERS SHOULD BE:
Chinese citizens and privately or individually-owned business who Obtained from within and outside the territory of China.
In China for one year, the people who obtained from within and outside the territory of China. Such as Hong Kong, Macau and Taiwan compatriots and overseas Chinese and foreigners;
Less than one year living in China, Hong Kong, and those people’s income derived from China. Such as Macao and Taiwan compatriots and overseas Chinese and foreigners.

CONTACT US

TEL: +86 020-83652006
WEBSITE: www.clrge.com

THE FORMATION OF RO IN GUANGZHOU CHINA

OVERVIEW
A Chinese representative office (RO) is an office of the foreign enterprise established in China for liaison with Chinese businesses and customers on behalf of its parent company. A RO is not considered to be a separate legal entity. It must be emphasized that a representative office may not carry out direct revenue earning business activities. For example, it cannot sign purchase/sales contracts and cannot receive payment for services, issue invoices. However, a RO can open bank accounts and employ staff to maintain liaison with customers and suppliers. Its headquarters can also sign contracts with its supplier/customers in China in its own name, but not in the name of its RO. Therefore, before a foreign investor establishes its enterprise in China using wholly foreign founded enterprise (WFFE) such as equity joint venture, cooperative joint venture or a wholly foreign- owned enterprise, it could first set up a representative office to test the Chinese market.

ADVANTAGES OF RO
The simplicity and short time required for establishing a RO is the main advantage for its popularity in the Chinese market. Unlike wholly foreign founded enterprises (WFFE), RO are not required to meet strict requirements for items such as registered capital. And the following management is also relative simple and money-saving.

DOCUMENTS REQUIRED
1. The location certificate of head office. If head company business license have register address,then can ignore this point.(Notarized by the local notarization department and approved by the Chinese embassy or consulate in their country)
2.Tow legitimate business certificate of head office which more than three years (Notarized by the local notarization department and approved by the Chinese embassy or consulate in their country)
3. One original copies of Bank reference letter for the head office (Notarized by the local notarization department and approved by the Chinese embassy or consulate in their country)
4.The memorandum and articles of association or group agreement of the head office (Notarized by the local notarization department and approved by the Chinese embassy or consulate in their country)
4. The entitled to signatory authorization or proof document issued by the head office (Notarized by the local notarization department and approved by the Chinese embassy or consulate in their country)–We can provide the mode.
5. The appoint documents about chief representative and representative issued by head office (Notarized by the local notarization department and approved by the Chinese embassy or consulate in their country)–We can provide the mode.
6. The chief representative and representative identification copy (Notarized by the local notarization department and approved by the Chinese embassy or consulate in their country)
7. Two original copies of lease with signature and sealed by Housing Management Authority .The signing party should be in the name of general representatives; rent for more than one year and the purpose must be for commercial/office use;–This prepare in China
8. Original copy of identity certification, 8 color photos ;
9.One copy of resume of the chief representative (CR); –We can provide the mode.

THE LEASE
The Chinese governments attach a great importance on the operating address. For a representative office , the address must be for commercial/office use only. Each address allows to be operated by one office. Before registration, the applicant needs to summit the lease and property certification. In addition, the owner of the office should be in conformity with the owner of the property or the lessor. The lease agreement is valid only stamped by the Housing Management Authority uses the contract special purpose stamp.
Note: It is invalid to use if the lease agreement without the stamp and record number of Housing Management Authority.

PROCEDURE
Fill in the application form→sign the agreement→pay deposit→submit all the needed documents→name checking→apply for the industry &commercial license→go to the public security bureau to carve seal→apply for Organization Code License & card→apply for Registration license of State &Local Administration of Taxation →pay the residual balance.

OUR SERVICE
1 Both original and duplicate copy of business license;
2 Registration license of State &Local Administration of Taxation;
3 Applying for register card of engraving seals;
4 Code certificate of business organization structures;
5 Three seals (official seal, personal seal and financial seal);
6 Issued the announcements on the newspaper.

THE TIME NEEDED
To establish a RO is therefore largely a matter of complying with the prescribed application procedures. Once all the necessary documents for application are ready for submission, government approval can be had within 20-30 working days.

CONTACT US
TEL: +86 020-83652006
WEBSITE: www.clrge.com

Notes:

1、Hand over of such as for non- Chinese document, need the translation organization that
China specifies a translation Chinese, hand over together.
2、Carry out time to hand over a well-found day by consigning down payment and data since
start computing.

SINO-FOREIGN JOINT VENTURE FORMATION IN GUANGZHOU

THE CONCEPT OF JOINT VENTURE

The Sino-foreign joint venture is the enterprise that foreign companies, enterprise and other economic organizations or individuals (hereinafter referred to as “foreign joint ventures”) to establish equitable joint venture together with Chinese companies, enterprise and other economic organizations (hereinafter referred to as “Chinese joint ventures”) within the territory of the People’s Republic of China, on the principle of equality and subject to approval by the Chinese Government. Both parties to the venture shall share the profits, risks and losses in proportion to their contributions to the registered capital.

A Sino-Foreign Cooperative Joint Venture (CJV) is a joint venture between a Chinese and a foreign company within the territory of China. The Chinese company usually provides the labour, land use rights and factory buildings, while the foreign company brings in the necessary technology and key equipment, as well as the capital. This joint venture is based on a cooperative joint venture contract in which matters like the terms of cooperation, the division of earnings, the ownership of property upon the termination of the contract term of the CJV, the sharing of risks and losses, etc are laid down.

Differences between EJV and CJV

1• While an EJV is always a legal person, and thus a limited liability company, a CJV can be a legal as well as a non-legal person. The latter option is not very common though because it would mean that the partners of the joint venture would be personally liable for any losses the company might make in the future
2• In an EJV the distribution of profits has to take place equivalent to the ratio of the capital contributions made by the parties, while the distribution in a CJV can take place according to the parties’ wishes. A CJV is thus a lot more flexible than an EJV.
3• In a CJV a party may, besides contributing registered capital, provide for so-called cooperative conditions (Hence the name Cooperative Joint Venture), e.g. market access rights.

Establishing a Sino-Foreign Cooperative Joint Venture

COMPANY’S NAME

In China, only Chinese company’s names are officially used, while English company’s names are for reference only. NOT every name will be accepted by the Industrial and Commercial Administrative Bureau (ICAB), known abroad as Company Registry. And in China some sectors need special license. It is important to know that the wording of a company’s name should be in conformity with the registered capital. Your company’s name must be distinguished from the others’ if you want it to be accepted by the ICA.

REGISTERED AND PAID-UP CAPITAL

1) For the trading enterprises, the registered capitals are usually required as much as RMB 500,000 or above; (the lowest capital is RMB 30,000)

2) For the manufacturing enterprise, the registered capitals are usually required RMB 1 million or above;

3) For the company of consultancy, technology, market research and development, the registered capitals are usually required RMB100,000 or above;

All of the registered capital can be paid in one time; (within 6 months after the date of issuance of the Company’s business license) and can also be paid for many times in two years. In the first 3 months, 20% of the registered capital is mandatory. The terms of payment is determined by the volume of registered capital. The capital verification fees will be reduced if the terms of payment reduce.

BUSINESS SCOPE

Before filing the documents required with the ICAB, the applicant should confirm the business scope, which ultimately appears on the business license. Amending the business scope requires further application and approval. General business scope usually includes, investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, science and technology, manufacturing, wholesaling, retailing, import and export, etc.

PROCESSING STEPS AND TIME

Fill in the application form or sign the agreement =》Payment =》Name check and reservation=》Provide documents required =》Filing the papers with the relevant government departments.=》Open bank A/C =》Certificates and Matters for collection =》Tax return service and business follow-up

It takes 45 to 85 working days to finish the processing from the date that the documents are ready for application.

GORVERNMENT PROCESSING PROCEDURE

Check the name form Industrial and commercial Bureau (pre-reserve commercial number/ name checking) =》Approval of fire and environment authorities =》pre-approval=》Go to Bureau of Trade and Industry for the foreign investment approval certification=》Apply for the business license from Industrial and commercial bureau=》Apply for chops from Public and Security Bureau =》Apply for the Organization Code License from Bureau of Quality and Technical Supervision=》Apply for the registration license from State Administration of Taxation &Local Administration of Taxation=》Apply for the foreign exchange registration license/opening capital account license from State Administration of Foreign Exchange=》Opening the capital account in the bank=》Opening the basic account in the bank=》Apply for the IM&EX registration license from Customs (if needed).

CUSTOMER PROCESSING PROCEDURE

Foreign investors director meeting resolution=》Entitle the company name =》Business scope confirmation =》Registered capital confirmation=》Shareholder confirmation=》Appoint legal representative of Chinese company=》Chinese office confirmation (consider fire and environment factors if needed) =》Transact lawyer’s notarization and submit it to the authority dept to sign=》Reference letter of bank=》Entrust to transact=》Inject the investment money to the capital account on behalf of investor=》Capital verification=》After-approval

DOCUMENTS REQUIRED

For the trading enterprise, the following documents are required:

1) Board of director’s meeting minutes or resolution of two parties;

2) One proposed name (in Chinese), and provide two back-up names in case the first name is not available;

3) Detailed information about the business scope and registered capital;

4) Feasible study report;

5) Original Articles of Association;

6) Duplicate copy of the business license and certificate of incorporation of two parties;

7)The original and copies of identity certification of pre-established company’s legal representative, and color photo;

8) Two original bank reference letters (from foreign investor’s bank) indicating foreign investors’ creditability, issued within 6 months in both English and Chinese language;

9) Lawyer’s notarization

10) Chinese investor’s annual audit report and seals;

11) The office address: your own house property or the rented commercial building (two original copies of lease signed and sealed by the local Housing Management Authority , showing the recognized registered address of joint venture. The signing party should be in the name of one shareholder or the foreign company; the purpose must be for commercial use)

For the manufacturing enterprise, the following documents are required:

1-9) The same as above

10) Production address: your own house property or the rented commercial workshop (two original copies of lease with signature by Housing Management Authority, showing the recognized registered address of joint venture. The signing party should be in the name of one shareholder or the foreign company; the purpose must be for workshop use)

11) Approval of environmental and fire departments.

For the abroad natural person, the following documents are required:

1) Board of director’s meeting minutes or resolution of two parties;

2) Duplicate copy of identity certification of foreign investors& Legal representative, directors of pre-established company;

3) Lawyer’s notarization of foreign investor’s identity certification;

4) Duplicate copy of ID & two color photos of the pre-established company’s legal representative;

5) Feasible study report;

6) Original copy of Articles of Association;

7) Two original bank reference letters (from foreign investor’s bank) indicating foreign investors’ creditability, issued within 6 months in both English and Chinese language;

8) Chinese investor’s business license, annual audit report and company’s seals.

TIMELY SERVICE

We provides one-stop tailored-made services for foreign companies which would like to set up wholly foreign funded enterprises in GUANGZHOU of China.

1) Approval document;

2) Original Articles of Association;

3) Foreign investment enterprise approval license;

4) Both original and duplicate copy of business license;

5) Cachet, financial, custom and legal representative private chop;

6) Seal carving registration card;

7) License of Opening account;

8) Opening and canceling account confirmation;

9) Both original and duplicate copy of Organization Code License & card;

10) Registration license and form of State &Local Administration of Taxation;

11) Foreign exchange registration license and approval certificate;

12) Customs declaration registration certification;

13)Finance registration license and form.

TIME NEEDED

1) For manufacturing enterprise: 65-100 working days will be finished. (Count the time after the approval of environment & fire and the detailed time depends on the operation type)

2) For the trading enterprise: 65-100 working days will be finished. (The detailed time depends on the operation type)

3)For consultant company:60-80 working days will be finished.

CONTACT US

TEL: +86 020-83652006

WEBSITE: www.clrge.com

Notes: 1、Hand over of such as for non- Chinese document, need the translation organization that China specifies a translation Chinese, hand over together.

2、Carry out time to hand over a well-found day by consigning down payment and data since start computing.