Shanghai WFOE Registration Service
Hotline: 86-755-82147392, Email:info@citilinkia.com
China(Shanghai) Free Trade Area is established by the Chinese government as a regional free trade zone in Shanghai in Aug.22 2013,It is official opeded in Sep.29 at 10 morning.The Shanghai Free Trade Zone contains:Waigaoqiao Bonded Zone,Waigaoqiao Bonded Logistics Park,Pudong airport Comprehensive Bonded Zone.In order to let the investors know more about the Shanghai Free Trade Zone, Tannet introduces it as following:
1.Name of the company in Shanghai FTZ:
Name of the company in Shanghai FTZ can not be repeated. The industry is related with the registered capital. You should prepare more than 3 names. The format of names: Shanghai+ word size+ industry +limited company, or Word size + Shanghai+ industry + limited company. E.g. Tannet group (Shanghai) limited company.
2.Registered capital:
The registered capital use subscribed capital system,the time to paid the registered capital can determined by the company themselves within the agreed time.If the registered capital not be paid within the prescribed time,the company will be bring into the exception list by the Industrial and commercial bureau,and the compnay will be given 3 years to publicity, if the registered capital not be paid after this 3 years,the company will be bring into the black list,and the government department will take appropri ate measures.so please determine the company's registered capital according to your company's actual situation.there are special business in FTZ should be use registered capital paid up systerm,like financial company,financial leasing company,fund management company and so on.
3.Shareholder of the company:
One or more than one 18 years old foreign natural or legal persons.
4.Registered in FTZ is devided into:
Examination and approval system and Filing system,examination and approval system is suitable for the company which out of negative list,there is no need to handle the certificate of approval,but there are 190 industries are bring into special administration need to be approvable,the certificate of approval should be applied for at Foreign Trade & Economy Commission.providing the website of FTZ for your reference to the negative list.
5.Material needed:
I. Investing as a foreign corporate:
(1)5 company chinese names at least;
(2) 1 original Notarization of the business license or certificate of incorporation of the parent company（It should be notarized by domestic notarization Department and endorsed by local China Embassy）;
(3) Recent 1 year Audit report from foreign investing company;
(4) Registered capital , proportion of investment and business scope;
(5) Three photos of Legal Representative, the copy passport of Legal Representative;
(6) M&A and Feasibility Study Report (Tannet provides with standard template);
(7) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);
(8) Contract of rent
Manufacturing enterprise：original Contract of rent in triplicate，3 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 200 square meters // Lease period :more than one year // Use for the plant）;
Non-production enterprise：original Contract of rent in triplicate，3 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 30 square meters // Lease period: more than one year // Use for office or business）;
II. Investing as natural persons:
(1) 5 company chinese names at least;
(2) Providing investors’ passport（It should be notarized by domestic notarization Department and endorsed by local China Embassy）;
(3) Registered capital , proportion of investment and business scope;
(4) Three photos of Legal Representative, the copy passport of Legal Representative;
(5) M&A and Feasibility Study Report (Tannet provides with standard template);
(6) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);
(7) Contract of rent
Manufacturing enterprise：original Contract of rent in triplicate，2 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 200 square meters // Lease period :more than one year // Use for the plant）;
Non-production enterprise：original Contract of rent in triplicate，2 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 30 square meters // Lease period: more than one year // Use for office or business）;
6. Procedure
Fill in the application form——pay the advance payment——Check the company name with local ICAB——Make M&A and Feasibility Study Report——Apply for the Business License from ICAB——Apply for the Organization Code License from Bureau of Quality and Technical Supervision——- Apply for the Tax Registration License from Tax Bureau—- Apply for chops from the Public Security ——-Apply for Basic RMB bank account —- Apply for Financial Registration License
7.Services content
Certificate of Approval // M&A // Feasibility Study Report// original and duplicate of Business License // Official seal, Financial seal, Legal Representative seal // Copy of seal carving permit certificate // original and duplicate of Organization Code License//IC Card// original and duplicate of Tax Registration License //Statistical certificate //Fiscal registration certificate.
8.Time needed
All the documents are ready,40-50 work days
9.Fee and terms of payment
Service charges (12,000RMB) +government expenses (as actual invoice from government)，at the beginning pay 50%，after finishing the registration, pay the left 50%.You can pay cash, or transfer money and so on.
10.Annual inspection
The annual inspection has been cancelled in FTZ,it is turn into annual report system every year during March 1 to June 30.the report should be public to the social through the market subject or other ways .
11.the advantages of company registration in FTZ
(1) No need to paid up the registered capital ,it is under subscribed capital system;
(2) More freedom for the currency circulation;
(3) More efficient for the approval of import and export, you can import and export before declaration;
(4) Capital controls is cancelled,RMB can free convertibility;
(5) More shorter for the process of registration;
(6) Exempt from VAT and consumption tax if the goods produced or processed in FTZ and the taxable service from FTZ;
(7) There is state financial support for financial industry.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling
Shanghai Hotline: 755-82148419, 13823131503
Fax：021-58402186
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai