Wholly Foreign- owned Enterprise Registration

First, the conception of the foreign-funded enterprises:
The foreign-funded firms are that the enterprises are wholly invested by the foreign company,economic organization or individuals in china and the investor are responsible for all the benefits.

Second,wholly foreign-funded enterprises\the following files sheet that needed:
1.the copy files of registration (business licence) by the investor
2.the ID copies of the investor artificial person representative
3.the ID files(or passport copies) of member of board committe and senior managment,their resume,family address,contact phone number,two photos each one supplied
4.the two files of letter of authority sealed by enterprise and signed by the investor artificial person representative
5 the outline of investor
6.Reference letter of foreign investors' banking credibility (the orginal one)
7.the ID copies of authorized person

Third,The procedure of establishing the foreign funded enterprises(only for reference)
1.the suggestion letter of the project(the wholly investment fund is less than 5million is not necessary) and research report of feasibility
2.Approval Notification of Enterprise Name in SAIC and the preview of business scope
3.Bring the research report of feasibility and chapters to the Shanghai Foreign Trade and Economic Cooperation Bureau as well as other files needed by the Bureau.
4.after the approval by the Shanghai Municipal Government,going to the Shanghai Bureau of Quality and Technical Supervision to process the enterprises code.
5.Got the certificate of approval of establishing the foreign funded enterprise in Shanghai Foreign Trade and Economic Cooperation Bureau
6.Make the registration step in the SAIC and get the business licence.
7.Make the company seal and an open accounts in Shanghai foreign exchange control Bureau,the tax registration in taxation bureau and the custom registration in the Shanghai customs and finance registration in Shanghai finance Bureau.
Now the company can start its business.

Forth,Setting up the file catalog of foreign funded enterprise
Setting up the application report of foreign funded enterprise
Setting up the application form of foreign funded
the copies of valid business licence or administration and commerce registration signed by the investors'local country(regions);if someone invests personally,please show your valid copies of your ID;
Reference letter of foreign investors' banking credibility
the correlative files of land usage or land rent
the enterprise name and the preview form of business scope
assignment letter of foreign funded board committe member signed by the investor artificial person representative(signed by each board committer member)
the rules of foreign-funded enterprise and its attachments.
the suggestion letter of the project(the wholly investment fund is less than 5million is not necessary) and research report of feasibility as well as other necessary files.

Fifth,the rules of the investment funds:
the whole investment funds:funds,the workshop and other building facilities,equipment and patent,brands,these industrial property,only owned technology,sites,the right to use land,etc.If you invest through real estate,industrial property,only owned technology and so on,then you must show your relative valid law files and explanation
registered capital :registered capital can equals to the whole volume of investment funds,can also be less the it.The followings are must be obeyed:
the total volume of the investment funds the registered capital
3million or less no less than 70%
3million-4.2million no less than 2.1million
4.2million-10million no less than 50%
10million-12.5million no less than 5million
12.5million-30million no less than 40%
30million-36million no less than 12million
36million or above no less than 1/3 of the total volume
the date of the funds invested:the date of the funds invested must be noted in the rules of the foreign funded enterprises.If the investor invests the funds for just once, the work must be finished in 6months from the time the investor get the business licence.If the investor invests the funds through several times,the first investment funds is no less than the 15% of the all sides agreed and must be finished in 3 months from the time the investor get the business licence.the rest of the funds must be finished through the company's rules,the followings must be obeyed:
the registered capital the total period of finishing the investment other things
0.5million or less must be finished in 1 year since the day of getting the business licence
0.5million-1million must be finished in 1 and half year the same as above
1million-3million must be finished in 2 year the same as above
3million-10million must be finished in 3 year the same as above
10million or above must be dicided by offical agency.

 

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