Necessary Documents:-

A.      Register for foreign investment enterprise in Shenzhen.

1.       The company full name.

2.       The original office rental contract / the original house property and the office phone number.

3.       Name list of the directorate and their original passport or ID.

(The membership of directorate must be all of 3. Supposed to one executive director then provide the passport or ID of legal representative only.)

4.       The passport of ID, 3 photos and detailed contacts of legal representative.

5.       The registered capital and total investment (HK$/US$).

6.       Project feasibility report.

7.       Product list.

8.       Provide the following materials if the investor should be an enterprise.

a)       Commercial register, registration certificate and charter of company.

b)      Lawyer witness.

c)       The certificate of appointing the director.

d)      The directorate resolution (should give a clear indication of approving to set up a 100% foreign investment enterprise, also agree to appoint who is the legal representative and the director, able to handle office rental and other affairs as well).

e)      The passport and native certificate of director and legal representative of the investor.

(Provide the copies with signature at first. After around a week, provide the originals to apply the general taxpayer.)

f)        3 of original credit card of investor.

(Required the bank of local registered city to issue the certification of deposit and credit of investor.)

g)      The detailed contact of registered city.

h)      The name list of all directorate members.

i)            Provide the audit report if enterprise has been set up over one year.

Remarks: - Please provide all materials above mentioned as original. (To avoid delaying the procedure, please keep the official seal in Shenzhen, so we can stamp any time in China.)

B.       Register of Chinese-foreign Joint Ventures in Shenzhen.

1.       Full company name of joint venture.

2.       The original office rental contract / the original house property and the office phone number.

3.       The name list of assigned director, associate director and candidates of director.

4.       The passport of ID, 3 photos and detailed contacts of legal representative.

5.       The registered capital and total investment (HK$/US$).

6.       Project feasibility report.

7.       Product list.

8.       Contract of Chinese-foreign joint ventures.

9.       Both parties of investment should provide the materials as below:-

a)       Foreign company is requested to provide followings:-

¨        Commercial register, registration certificate and charter of company.

¨        Lawyer witness.

¨        The certificate of appointing the director.

¨        The directorate resolution (should give a clear indication of approving to set up a 100% foreign investment enterprise, also agree to appoint who is the legal representative and the director, able to handle office rental and other affairs as well).

¨        The passport and native certificate of director and legal representative of the investor.

(Provide the copies with signature at first. After around a week, provide the originals to apply the general taxpayer.)

¨        3 of original credit card of investor.

(Required the bank of local registered city to issue the certification of deposit and credit of investor.)

¨        The detailed contact of registered city.

¨        The name list of all directorate members.

Remarks: - Please provide all materials above mentioned as original. (To avoid delaying the procedure, please keep the official seal in Shenzhen, so we can stamp any time in China.)

b)      Chinese company is request to provide the followings:-

¨        Business license.

¨        The identification copy of legal person.

Transaction Date:-

The government needs a series of procedure for application, so 30 days is required for approving.

All certifications will be obtained.

1.       The approved originals and copies certificates for foreign investment.

2.       6 approved originals documents for foreign investment.

3.       3 of charters.

4.       The originals and copies of business licenses.

5.       Official seal, financial seal, legal person’s private seal and the seal for customs only.

6.       Character seals records.

7.       The original and copy of organization code certificate and card.

8.       The originals and copies on registrations of central tax and land tax.

9.       License for opening an account. (RMB account)

10.   Customs registration.

11.   The capital account. (foreign exchange account)

12.   The record of cancelling after verification.

13.   Commercial quarantine certification.

14.   IC card.

15.   The qualifications of general tax payers.

Business scope:-

In China, all business scopes of industries are limited strictly and exactly. Foreign investment only able to do the businesses within its acceptable area, which is marked in business certificate. Any modification should be applied for approving. Take High-tech company for instance, the business scopes are computer area, computer IT consultation, internet technology, communication engineering, network engineering, electronic computer with electronic information, biological and medical, Optical-electro-mechanical Integration, a high-tech implementation in traditional industries etc. Take consultation company for instance, the scopes are consultant on investment, consultant on international economic, consultant on trade information, consultant on market and sale, consultant on company management, and consultant on technology etc. Take trading company for instance, the scopes involve the wholesale products, which should be allowed by law, imports and export etc. Any words regarding trading and selling are forbidden.

The best registered capital for foreign investment:-

1.       The lowest registered capital for consulting service or technology undertaking should be all of RMB0.3 million.

2.       The lowest capital for trading company should be all of RMB0.5 million.

3.       The lowest registered capital for productive enterprise should be all of HK$1 million.

4.       The lowest registered capital for transportation agent should be all of US$1 million.

5.       The lowest registered capital for any investment corporation should be all of US$ 10 million.

Registered capital equity investment and payment:-

Input the registered capital by stages once the company gets business certification. A qualification report, which should be put on records by industrial and commercial administrative organization,  is to be issued by Chinese accounting firm after paying out with 30 days.

Registered capital payment:-

A.      Currency input:- Remit registered capital from abroad to the account of Shenzhen China

B.       Equipment input: - After transacting the import customs, the business qualification appraisal organization do appraise then the qualification report is to be issued by Chinese accounting firm.

Usage of registered capital

Registered capital is to be transferred to the bank account in RMB for purchasing office facilities, productive equipments or as the current fund, once the accounting firm finished the appraisal.

Company bank account

The company is able to open the bank account in RMB at any bank, but should appoint one for drawing cash only. Need apply a bank account in foreign currency to the state exchange administration.

Notice on ratepaying

1.       Tax registration & account book.

In case be punished by tax department, should be better finish tax registration as soon as possible, and then create the account book in time as well.

2.       Daily declarations & mainly correlative categories of taxes.

¨          Individual income tax.

¨          Sales tax.

¨          Stamp tax.

¨          Value-added tax.

Process of Establish a Enterprise of Foreign Investment

Detailed process form.