Application requirements(conditions)
1Sino evaluation organizations can be assets evaluation company(agency), land evaluation agency, appraisal of real estate agency, accounting firm, auditing firm and financial counseling firm etc which have obtained the certificate of the qualification for evaluating assets printed by the State Administration of State-Owned Assets
2Foreign evaluation organization should have advanced professional skills, good reputation, and minimum revenue of 20,000,000 per annum. It should have at least 200 professional evaluation staff, and institution(s) which can communicate with senior Sino evaluation experts. Professional staff who wish to work in China have to be qualified Certified Public Valuer, with at least 5 years working experience in assets evaluation business, and rich knowledge and experience of assets evaluation
3Other conditions requested by the State Administration of State-Owned Assets and Ministry of Foreign Trade and Economic Cooperation
4Minimum registered capital of foreign investor: 500,000 USD, it should have suitable operation managers, professional staff and fixed premises for offices
Application procedure and documents
1pre-approval of name of joint venture
-Examination and Approval Department:
-Administration of Industry and Commerce
-Time limit:
-Within 2 working days
-Management fee: 0
-Documents Required:
-Pre-approval for names of enterprise
-Appointment letter
2Examination and approval report of the foreign-invested evaluation organization
-Examination and Approval Department:
-State-Owned Assets Administration Commission at province level
-Time limit:
-Not guaranteed
-Management fee: 0
-Documents Required:
-Application form of the project for setting up foreign-invested evaluation organization
-Agreements and articles signed by both sectors of the joint venture.
-Proofs of credit status and registration
-Identification of the legal person
-Foreign evaluation organization has to provide 10 evaluation cases, five of them have to be representative in different regions
-Certificate of qualification for assets evaluation for Sino evaluation organization
-Other documents requested by the State Administration of State-Owned Assets
3Certification needed for setting up joint venture enterprise
-Examination and Approval Department:
-Municipal bureau of commerce
-Time limit:
-Not guaranteed
-Management fee: 0
-Documents Required:
-Opinions expressed by Chinese bureau in charge of assets evaluation business about the application for setting foreign invested evaluation organization
-Application form of the project for setting up foreign-invested evaluation organization
-Feasibility report, contract, articles signed or agreed by legal representatives
-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 countrys 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 status identification issued by banks
-Notice for the prior approval for the enterprises name
-Other documents requested by Bureau of Commerce
-Identification of the legal person
-Examination and approval report of the foreign-invested evaluation organization
issued by the State Administration of State-Owned Assets
4Proposed agency code registration
-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
-Documents Required:
-Approval of article of association
-Application of proposed agency code
5Industry and Commerce JV registration
-Examination and Approval Department:
-Administration of Industry and Commerce
-Time limit:
-7 working days
-Management fee:
0.8?/SPAN> of amount of registered capital
-Fee for obtaining a copy of the industrial and commercial registration certificate: 20RMB
-Documents Required:
-Application form of setting up joint venture
-Article of association
-Approval by the approving authority and the copy of
Approval letter of foreign-invested enterprise
-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 countrys 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 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
-Corporate secretary (contact) registration form
-Besides, the printed name list of the investor, member of the board of director, general manager and supervisor
6Public Security Bureau registration:
-Examination and Approval Department:
-Municipal Public Security Bureau(the administration center of embarkation and disembarkation )
-Time limit:
-6 working days
-Management fee: 0
-Documents required:
-The registration application for record
-The identification of legal representative
-Business license, approval letter, photocopy of approval
7Chop of enterprise registration:
-Examination and Approval Department:
-Engrave of chop organization proposed by police station
-Time limit:
-2 working days
-Engrave of chop fee:
-500RMB
-Documents Required:
-Application form of chop engrave
-Enterprise Cope registration:
-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 RMB
-Documents Required:
-Application form
-Returning paper of proposed agency code
-The identification of legal applicant
-Business license, approval letter, photocopy of approval
8 Tax registration
-Examination and Approval Department:
-Municipal Local Taxation Bureau
-Time limit:
-5 working days
-Management fee:
-10RMB
-Documents Required:
-Identification of legal representative
-Business license, approval letter, photocopy of approval
-Housing contract
-Registration form of tax
9 Administration of foreign exchange registration:
-Examination and Approval Department:
-Beijing center of foreign exchange control
-Time limit for handling:
-20 working days after acceptance
-Management fee: 0
-Documents Required:
-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
10Opening bank account
-Due to the different requirements of the banks, the required documents need to be confirmed.
11 Financial registration
-Examination and Approval Department:
-The financial bureau
-Time limit for handling:
-2 working days after acceptance
-Management fee: 0
-Documents Required:
-Business license, approval certificate, photocopy of approval
-Financial registration form
12 Statistic registration
-Examination and Approval Department:
-The statistical bureau
-Time limit for handling:
-2 working days after acceptance
-Management fee: 0
-Documents Required:
-Copy of Business license, approval certificate, photocopy of approval
-Statistic registration form
13Beijing Customs procedure for JV registration:
-Examination and approval department:
-The Customs
-Management fee:
-50 RMB
-Time limit:
-Within 5 working day
-Documents Required:
-Business license copy
-Approval certificate, approval copy
-Article of association photocopy.
-Tax registration copy
-Bank account certificate copy
-Certificate of proposed agency code copy
-Model of enterprise chopjuridical person and apply to customs
-Applicant enterprise registration form
-Applicant enterprise management registration form
