Malaysia Hotline: +603- 2141 8908
Shanghai
is a remarkable international financial metropolis. It’s highly developed
financial, trade, tourism, shipping, information, real estate and other fields
gradually catch up with the world level. Further improve the legal system in
line with international practices and market rules, starting to create a good
investment environment in Shanghai. Racing to the beach, leap onto the big
arena; you will have access to more extensive development.
Name
of Shanghai local company
Name of
local company includes 4 parts. The format of names: Shanghai+ word size+
industry +limited company.
Registered
capital of Shanghai Company
Registered
capital is no requirement the time when you can paid up the money all depend on
shareholder.
Shareholder
of Shanghai company
One or a
more than 18 years old and not older than 50 years old Chinese natural or legal
persons.
Industries
needed to apply for pre-approval
Apply
for the following trades and industries, need to go to the relevant departments
for special permit, also known as pre Approval.
E.g.:
Gas stations, slaughter, education, religious groups, the auction industry, the
pawn, car parking, lawyers, accounting services, agency billing, human
resources intermediary, employment, study abroad institutions, investment
immigration agencies, construction, decoration, engineering, road freight
transport, publication printing, cosmetics, food production and operation,
travel agencies, medical institutions, medicine and equipment, insurance,
banking and so on.
Business
scope of the shanghai company
Shanghai
Company’s business scope is limited; business license must exactly refer the
scope of business; more registered capital, winder business scope. In order to
align to the WTO, Chinese government is gradually relaxed the business scope,
as long as the laws and regulations can be allowed to operate. If related to
specific industries, you must firstly conduct a pre-approval.
Material
needed of the shanghai company
1. The
enterprise applications for the name pre-approval signed by all shareholders；
2. Legal
person qualification certificates of the shareholders or identity certificates
of natural person；
3. All
shareholders appointed representative or jointly entrusted agent of
representatives or the agent and the identification and certification of them；
4. Articles
of Association；
5. Legal
representative of the company sign the application for registration ；
6. Supervisors
or manager's name and address documents and relevant appointed and elected or
employed documents;
7. Legal
representative appointment documents, identity certificate and two photos（black&white or colored);
8.
Business Location（The property should provide
leasing contact).
Procedure
of the shanghai company
1、Fill the application form；
2、Pay the advance payment；
3、Check the company name with local
ICAB；
4、Set up temporary bank account；
5、Transfer the capital；
6、Apply for the Business License
from ICAB；
7、Apply for chops from the Public
Security Bureau；
8、Apply for the Organization Code
License from Bureau of Quality and Technical Supervision；
9、Apply for the Taxation
Registration Licenses from National & Local Tax Bureau；
10、Open the basic account in the
bank；
11、Pay the remaining payment.
Services
content of the shanghai company
Original
and duplicate of Business License // Official seal, the Financial seal, Legal
Representative seal // original and duplicate of Organization Code License IC
Card// original and duplicate of Taxation License.
Time
needed of the shanghai company
All the
documents are already, service time: 15-30 working days.
Import
and Export right of the shanghai company
In
Shanghai, the Import and Export right is to go through the approval of Shanghai
Foreign Economy and Trade. The registered capital is must be 1million RMB for
applying for Import and Export right, and all of the registered capital must be
paid.
Annual
auditing of the shanghai company
From the
second year of company registration, every year March 1 to June 30 must apply
for industrial and commercial annual inspection. The company registered before
the 1st July must do the auditing before the annual, the company registered
after the 1st July can do the auditing directly.
Tax
policy in Shanghai
From
1st, Jan, 2008, Income tax is 25%, and the enterprise that registered in Pudong
new district and has been recognized in high technology enterprise that will
enjoy two free and three decreases. One year and second year you need not pay
the income tax, from the third year to the five year you can pay the half of
income tax.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com