Book, magazines by stages 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) of setting up foreign-invested book, newspaper and periodical wholesale enterprises：
1, foreign investor should independently bear civil liabilities, has capacity of books, newspapers, periodicals distribution business, no illegal records within the last three years
2, legal representative or general manager should have issue members?professional qualification certificate of the publications more than mid-level, issued professional should have issue members?professional qualification certificate of the publications more than primary-leve
3 , the permanent place of business compatible with the wholesale business, the business area is no less than 50 square meters, business area setting up independently is no less than 500 square meters
4 , registered capital is no less than 30 million RMB
Operate period is not exceeding 30 years
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, Special setting up approved by the Press and Publish administration
Examination and Approval Department:
The provincial press and publication administration
Time limit:
Within 30 working days
Management fee: 0
Required documents:
Applications for setting up foreign-invested book, newspaper and periodical distribution enterprise.
Project proposals and feasibility study reports signed Investment parties the legal representative or general manager and prepared jointly by the parties. Project proposals should contain the following items: 1. The names and housing of all investors; 2. name, legal representative, housing , the operating scope , the registered capital, and a total fund of proposed foreign-invested book, newspaper and periodical distribution enterprise; 3.investors?invested ways and invested amounts.
Proof of legal qualifications of all the investors.(foreign investors should provide main body qualifications proof or the identification notarized by their domestic notary organ and also the Chinese embassy in those their home countries. Investors from Hong Kong, Macau, Taiwan must also provide documents notarized by their domestic notary organ (documents from Hong Kong should be stamped and forwarded by the China Legal Service (H.K.) Ltd, Valid Mainland Travel Permits can be personal identification for Taiwan investors and do not need to be notarized.) If countries of which the foreign investors have not established or have already ended foreign relations with China, their main body qualifications proof or the identification should be notarized by their domestic authorities and then by third country’s embassy which the country has established foreign relations with China. All the notarized documents have to be notarized by the Chinese embassy located in the third country. )
Credit certificate of investor (issued by the bank)
Notice for pre-approval name
Identification and professional qualification certificate of legal representative
Assessment report and confirmed (or record) documents of state-owned assets if Chinese investor of joint venture enterprises invested in state-owned assets
3, Warrant certificate for setting up WFOE
Examination and Approval Department:
Ministry of Commerce
Time limit:
Within 15 working days
Management fee: 0
Required documents:
Approval documents of State press and publication administration
Contract and Article of association of Foreign-invested book, magazines by stages corporation signed by investors?legal representatives or the authorized representatives
List and Appointment letter of member of board of directors
Notice for pre-approval name
Proof of legal qualifications of all the investors.(foreign investors should provide main body qualifications proof or the identification notarized by their domestic notary organ and also the Chinese embassy in those their home countries. Investors from Hong Kong, Macau, Taiwan must also provide documents notarized by their domestic notary organ (documents from Hong Kong should be stamped and forwarded by the China Legal Service (H.K.) Ltd, Valid Mainland Travel Permits can be personal identification for Taiwan investors and do not need to be notarized.) If countries of which the foreign investors have not established or have already ended foreign relations with China, their main body qualifications proof or the identification should be notarized by their domestic authorities and then by third country’s embassy which the country has established foreign relations with China. All the notarized documents have to be notarized by the Chinese embassy located in the third country. )
Credit certificate of investor (issued by the bank)
Other documents required by Ministry of Commerce
4, 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
5, 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.
6, 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
7, 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
8, 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
9, 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
10, 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
11, Opening bank account
Due to the different requirement of the bank, the required documents need to be confirmed.
12, 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
13, 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
14, 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
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