Shanghai Trading Company Establishment Service
Hotline: 86-755-82143410 Email: 2355725105@qq.com
Trading Company Registration, according to the “Regulations on the Administration of Foreign Investment in Trade Sector”, the categories of the goods to be traded by the trading company should be specified in the company’s business scope, for example: wholesale and export of textile, electronic products, furniture, plastic products, hardware, etc.
Trading Company Registration-Business Scope
To fulfill its commitments made for its WTO accession, from 11 December 2004, China allows wholly foreign-owned trading company to be established in China. According to the Regulations on the Administration of Foreign Investment in Trade Sector (2004) (“the Regulations”), enacted by the Ministry of Commerce, the business scope of a foreign-invested trading company may include: (1) to be a trade agent; (2) wholesale; (3) retail; (4) franchise; (5) export and import.
Trading Company Registration-Registered Capital
According to the above-mentioned Regulations, the minimum registered capital for a foreign-invested company should comply with the requirement of the Chinese Company Law, which provides that the registered capital for a wholesale company should be at least RMB 500,000 (about USD62,000), and for a retail company should be at least RMB300,000 (about USD37,000).
The examination and approval authority may require a higher amount of the registered capital pursuant to the categories of goods which the company is going to trade. For example, if the company wants to trade automobile, a higher amount of registered capital would be required.
The registered capital does not need to be contributed when applying for the registration of the company. After the company being registered, 20% of the registered capital needs to be put into the bank account of the company within 90 days after the registration.
The requirement of the registered capital is to ensure that the company will have enough funds for its operation after being registered. The registered capital is to be used for the expenditures of the company, and it is not allowed to be returned to the investor(s) unless the company is to be terminated (dissolved).
Trading Company Registration Contact Us
If you have further queries in Trading Company Registratio, please don’t hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website www.3737580.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-21-68877368 021-31397142 021-31397141 021-58822399, or emailing to hkcfm-shanghai@163.com, or adding our skype：shtannet123. You are welcome to our company 15F, No.855 World Plaza, South Pudong Road, Pudong District, Shanghai, China.