Foreign-Invested Manufacturing Corporation Registration
Eyes on China follows the following process when incorporating this type of WOFE
Regional trivial differences exist such as variation in taxation and in the incorporation procedure.
Application requirements (conditions)
1. The minimum registered capital: RMB 500,000
2. have practical registered address, the premise for business
3. shall comply with the national and local statues and the foreign-invested industry policy.
4. shall comply with the national economic and social development long-term planning, industrial planning, structure adjustment policies .
5. shall comply with the public interest and the relevant provisions of the anti-monopoly
6. shall comply with land-use planning, the overall urban planning and environmental protection policy requirements
7. shall meet the states requirements of technical‚ arts and craft standard
8. shall comply with the relevant provisions of state capital project management and the external debt management
9. did not/does not affect the city's economic and social security
10. shall comply with foreign investment projects is a national restricted industries, shall provide inspectional advices of the industry sector
Application procedure and documents:
1. pre-approval of name of WFOE
Examination and Approval Department:
Administration of Industry and Commerce
Time limit:
Within 2 working days
Management fee: 0
Required documents:
> Pre-approval for names of enterprise
> Appointment letter
2. projects for enterprises approval by SDRC
Examination and Approval Department:
State Development and Reform Commission Time limit:
Within 20 working days
Management fee: 0
Required documents:
> Application for project report
> Identification of foreign investor [1‚ opening certificate‚ Identification of legal representative if the investor is a corporation, including list of member of investor’s shareholders‚ list of member of board of directors‚ resolution of representatives authorized by the board of directors 2‚ copy of ID, if the investor is a person. the qualification certificate and identification shall be notarized by the national notary institution and authorized by the host country’s embassy (consulate)]
> Credit certificate of investor (issued by the bank)
> Investment letter of intent
> Other documents complied with the national and local statues and the foreign-invested industry policy.
3. the environmental assessment for establishment of enterprises
Examination and Approval Department:
State Environmental Protection Administration
Time limit:
Within 60 working days.
Management fee: 0
Required documents:
> The registration form for application of construction projects environmental management
> Beijing Construction Project Environmental Impact registration form or Beijing construction project environmental impact reports (written), includes:
> The preparation of environmental impact reports (written) are required to provide one written document and one electronic file
> Project involves the construction of water and soil conservation, water also must have the Soil and Water Conservation Program. The consented by the executive department
> Environmental impact reports (written) shall meet demands of "on further standardize the work of the environmental impact assessment notice" (Central Office [2002] No. 88)
> Project proposals and one approval document by relevant authorities (In accordance with relevant state regulations do not need to conduct a feasibility report , can be submitted only building project description)
> Construction projects needed pre-trial by the industry sector in accordance with the law ,shall hold the pre-trial opinion
> Enterprise names pre-approved notices
> Copies of certificates of title
> Enterprises location map
> Business establishments floor plan.
> If the environment may cause significant impact and need to prepare environmental impact report and in accordance with the requirements construction projects which need to seek the views of residents around construction projects, are required to provide the results of verification meetings, hearings or other means to seek relevant units, experts of public opinion, but except confidentiality in accordance with the provisions.
4. Application for setting up WFOE
Examination and Approval Department:
Municipal bureau of commerce
Time limit:
Within 7 working days
Management fee: 0
Required documents:
> Application for setting up WOFE
> Feasibility report
> Article of association
> Appointment letter of member of board of directors
> Identification of member of board of directors
> list of member of board of directors
> Identification of foreign investor (1‚ opening certificate‚ Identification of legal representative if the investor is a corporation, including list of member of investor’s shareholders‚ list of member of board of directors‚ resolution of representative authorized by the board of directors 2‚ copy of IC, if the investor is a person. The qualification certificate and identification shall be notarized by the national notary institution and authorized by the host country’s embassy (consulate))
> Credit certificate of investor (issued by the bank)
> Proof of the use of premises (including rental contract, proof of premises)
> Notice for pre-approval name
> Letter of Authorization for legal documents service
> Instrument of commitment
> The copies of the ID and the power of attorney of the personnel
5. To process proposed agency code
Examination and Approval Department:
State Bureau of Technical Supervision (The Administration Center of Organization Code)
Time limit:
2 working days after acceptance
Management fee: 0
Required documents:
> Approval of article of association
> Application of proposed agency code
6. Industry and Commerce registration of WFOE
Examination and Approval Department:
Administration of Industry and Commerce
Time limit:
7 working days
Management fee:
0.08% of amount of registered capital
Fee of making copy of the industrial and commercial registration certificate: 20RMB
Required documents:
> Application form of setting up WFOE
> Article of association
> Approval by the approving authority and the copy of <Approval letter of foreign-invested enterprise>
> Identification of foreign investor (the qualification certificate and identification shall be notarized by the national notary institution and authorized by the host country’s embassy (consulate)
> Credit certification of investor (issued by the bank)
> Notice for pre-approval name of the enterprise, name list of the pre-approval investor
> Letter of Authorization
> Corporate secretary (contact) registration form
> Letter of Authorization for legal documents service
> Besides, the printed name list of the investor, member of the board of director, general manager and supervisor, one copies each.
7. To record in Public Security Bureau
Examination and Approval Department:
Municipal Public Security Bureau(the administration center of embarkation and disembarkation )
Time limit:
6 working days
Management fee: 0
Required documents :
> The registration application for record
> The identification of legal representative
> Business license, approval letter, photocopy of approval
8. To engrave of chop of enterprise
Examination and Approval Department:
Engrave of chop organization proposed by police station
Time limit:
2 working days
Engrave of chop fee: 500RMB
Required document:
Application form of chop engrave
9. Apply code of enterprise
Examination and Approval Department:
State Bureau of Technical Supervision (The Administration Center of Organization Code)
Time limit:
3 working days after acceptance
Management fee: 30
Required materials:
> Application form
> Returning paper of proposed agency code
> The identification of legal applicant
> Business license, approval letter, photocopy of approval
10. Tax registration
Examination and Approval Department:
Municipal Local Taxation Bureau
Time limit:
5 working days
Management fee: 10RMB
Required document:
> Identification of legal representative
> Business license, approval letter, photocopy of approval
> Housing contract
> Registration form of tax
11. Registration of administration of foreign exchange
Examination and Approval Department:
Beijing center of foreign exchange control
Time limit for handling:
20 working days after acceptance
Management fee: 0
Required materials:
> Written application (stamped by chop)
> Copy of business license provided by the legal representative, non-legal representative enterprise shall provide original and photocopy of business license
> Approval documents for approving the setting up of enterprise issued by the Commerce Department, the original and photocopy of the certificate.
> Effective contract of foreign-invested enterprise (except for wholly-owned foreign enterprise), original article of association and its photocopy.
> Original and photocopy of code of enterprise
12. Opening bank account
Due to the different requirement of the bank, the required documents need to be confirmed.
13. Financial registration
Examination and Approval Department:
The financial bureau
Time limit for handling:
2 working days after acceptance
Management fee: 0
Required materials:
> Business license, approval certificate, photocopy of approval
> Financial registration form
14. Statistic registration
Examination and Approval Department:
The statistical bureau
Time limit for handling:
2 working days after acceptance
Management fee: 0
Required materials:
> Copy of Business license, approval certificate, photocopy of approval
> Statistic registration form
15. Beijing Customs procedure to register WFOE
Examination and approval department:
Customs
Management fee: 50 RMB
Time limit:
Within 5 working day
Required documents:
> Copy of Business license
> Approval certificate, photocopy of approval
> Photocopy of article of association photocopy.
> Photocopy of tax registration
> Photocopy of bank account certificate
> Photocopy of certificate of proposed agency code
> Moulage of chop of enterprise‚ juridical person and apply to customs
> Registration form for apply customs
> Registration form of management for apply customs
<< back
|
