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Documents Required & Registration Procedures of FICE

Date: 2008-10-14 18:12 | Author: Linden Co. Ltd. | From: zhuce100.com | Read Times: 49

Condition(s):

Wholesale FICE's minimum captial: USD$65,000

Retail FICE's minimum captial: USD$38,000

Obtaining the import/export license and VAT invoice recommend captial: USD$140,000

Documents Required

The documents required for setting up a FICE are listed below:

01

Copy of Business License of parent foreign company which was certificated by Chinese Embassy (if it's personal investor, then passport copy certificated by Chinese Embassy is enough)

02

The lastest annual audit report from the parent foreign company. The audit report should be in the format as prepared by a Certified Public Accountant (CPA)

03

2 Credit letters from foreign company banker to declare a good credit within at least current 6 month

04

The parent company's legal representative's passport copy

05

Shanghai FICE legal representative's passport copy and resume

06

Catalogues of import & export

07

Authorization letter from parent company

08

Brief introduction of the foreign investor(s) including name, address and telephone number

09

Registered address, leasing contract, certificate of real estate, and certificate for leasing

Registration Procedures

Foreign companies are not allowed to directly submit the application documents to the relevant authority. They must retain a PRC entity that is authorized or permitted by relevant authorities to act as a sponsor. The sponsor will submit all the documents to the examination and approval authority on behalf of the foreign enterprise. Procedures to set up the Foreign-Invested Commercial Enterprise( "FICE" ) in Shanghai are as following:

01

Company Name Registration (about 3 days)

02

Apply for Approval Certificate (about 15-30 days)

03

Apply for Business License (about 15 days)

04

Apply for Enterprise Code Certificate (about 1 day)

05

Apply for Statistic license (about 1 day)

06

Register in Shanghai Tax Bureau (about 1 month)

07

Open a RMB bank account (about 5 days)

08

Register Foreign Currency Certificate (about 1 day)

09

Check the registered capital (about 5 days)

10

Obtain the Import/Export license and VAT invoice (Optional, about 1 month)

11

Register in the shanghai custom (about 5 days)

Feel free to contact us if you have any question or need of any assistance.

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