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Shanghai Company Registration

Updated:2017-9-20 16:26:30    Source:www.tannet-group.comViews:60

Shanghai company registration gains great popularity among investors both at home and abroad due to its world reputation. Shanghai is one of the four direct-controlled municipalities of China and the most populous city proper in the world. It is a global financial centre and transport hub, with the world's busiest container port. Located in the Yangtze River Delta, it sits on the south edge of the estuary of the Yangtze in the middle portion of the East China coast. Shanghai has been described as the "showpiece" of the booming economy of mainland China.

Types of Companies in Shanghai
There are several types of business setup in shanghai,the following are the common types for business registration:
1. Wholly foreign owned enterprise (WFOE);
2. Representative office (RO);
3. Joint venture (JV);
4. Foreign invested partnerships enterprise (FIPE).

Procedures for Company Registration in Shanghai
Below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm in Shanghai.
1. Obtain notice of Pre-Approval of the Company Name;
2. Open a preliminary bank account, deposit funds in the account and obtain the certificate of deposit;
3. Obtain capital verification report from an auditing firm;
4. Obtain registration certification "Business License of Enterprise Legal Person" from local Administration of Industry and Commerce (AIC);
5. Obtain approval from the police department to make a company seal;
6. Make a company seal;
7. Obtain the Organization Code Certificate issued by the Quality and Technology Supervision Bureau;
8. Register with the local statistics bureau;
9. Register for national and local tax;
10. Open a bank account for the company and transfer registered capital to the account;
11. Apply for the authorization to print or purchase financial invoices;
12. Purchase invoices;
13. File for recruitment registration with local Career Service Center;
14. Register with Social Welfare Insurance Center.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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