Book, magazines Company incorporation in China

Last Updated: March 5, 2011

FORM ID 017
More information of Company incorporation in China, check: http://www.pathtochina.com/

Application requirements(conditions):

  • foreign investor should independently bear civil liabilities, has capacity of books, newspapers, periodicals distribution business, no illegal records within the last three years
  • legal representative or general manager should have issue members?professional qualification certificate of the publications more than mid-level, issued professional should have issue members?professional qualification certificate of the publications more than primary-leve
  • the permanent place of business compatible with the wholesale business, the business area is no less than 50 square meters, business area setting up independently is no less than 500 square meters
  • registered capital is no less than 30 million RMB Operate period is not exceeding 30 years

Application procedure and documents

1. pre-approval of name of WFOE
Examination and Approval Department:

State Administration of Industry and Commerce (SAIC)

Time limit:

Within 5 working days

Required documents:

Pre-approval for names of enterprise

Appointment letter

2. Special setting up approved by the Press and Publish administration
Examination and Approval Department:

The provincial press and publication administration

Time limit:

Within 30 working days

Required documents:

Applications for setting up foreign-invested book, newspaper and periodical distribution enterprise.

Project proposals and feasibility study reports signed Investment parties the legal representative or general manager and prepared jointly by the parties. Project proposals should contain the following items: 1. The names and housing of all investors; 2. name, legal representative, housing , the operating scope . the registered capital, and a total fund of proposed foreign-invested book, newspaper and periodical distribution enterprise; 3.investors?invested ways and invested amounts.

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 country’s 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 certificate of investor (issued by the bank)

Notice for pre-approval name

Identification and professional qualification certificate of legal representative

Assessment report and confirmed (or record) documents of state-owned assets if Chinese investor of joint venture enterprises invested in state-owned assets

3. Warrant certificate for setting up WFOE
Examination and Approval Department:

Ministry of Commerce

Time limit:

Within 15 working days

Required documents:

Approval documents of State press and publication administration

Contract and Articles of association of proposed China company of Foreign-invested book, magazines by stages corporation signed by investors?legal representatives or the authorized representatives

List and Appointment letter of member of board of directors

Notice for pre-approval name

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 country’s 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 certificate of investor (issued by the bank)

Other documents required by Ministry of Commerce

4. To process proposed agency code
Examination and Approval Department:

State Bureau of Technical Supervision (The Administration Center of Organization Code)

Time limit:

2 working days after acceptance

Required documents:

Approval of Articles of association of proposed China company

Application of proposed agency code

5. Industry and Commerce registration of WFOE
Examination and Approval Department:

State Administration of Industry and Commerce (SAIC)

Time limit:

7 working days

Required documents:

Application form of setting up WFOE

Articles of association of proposed China company

Approval by the approving authority and the copy of《Approval letter of foreign-invested enterprise》

2x Certificate of Incorporations or Equivalent document certified by Chinese embassy or Chinese consulate overseas. For individual investor: The passport copy of Investors need be certified by Chinese embassy or consulate.

2 x Bank reference letter

Company name application form, signed by investor.

4 x Letter of Authorization

Corporate secretary (contact) registration form

4 x Letter of Authorization for legal documents service

Besides, the printed name list of the investor, member of the board of director, general manager and supervisor, one copies each.

6. To record in Public Security Bureau
Examination and Approval Department:

Municipal Public Security Bureau(the administration center of embarkation and disembarkation )

Time limit:

6 working days

Required documents:

The registration application for record

The identification of legal representative

Business license, approval letter, photocopy of approval

7. To engrave of chop of enterprise
Examination and Approval Department:

Engrave of chop organization proposed by police station

Time limit:

2 working days

Required document:

Application form of chop engrave

8. Apply code of enterprise
Examination and Approval Department:

State Bureau of Technical Supervision (The Administration Center of Organization Code)

Time limit:

3 working days after acceptance

Required materials:

Application form

Returning paper of proposed agency code

The identification of legal applicant

Business license, approval letter, photocopy of approval

9. Tax registration
Examination and Approval Department:

Municipal Local Taxation Bureau

Time limit:

5 working days

Required document:

Identification of legal representative

Business license, approval letter, photocopy of approval

Housing contract

Registration form of tax

10. Registration and Approval with State Administration of Foreign Exchange (SAFE):

State Administration of Foreign Exchange (SAFE)

Time limit for handling:

20 working days after acceptance

Required materials:

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 Articles of association of proposed China company and its photocopy.

Original and photocopy of code of enterprise

11. Opening bank account

Due to the different requirement of the bank, the required documents need to be confirmed.

12. Financial registration
Examination and Approval Department:

The financial bureau

Time limit for handling:

2 working days after acceptance

Required materials:

Business license, approval certificate, photocopy of approval

Financial registration form

13. Statistic registration
Examination and Approval Department:

The statistical bureau

Time limit for handling:

2 working days after acceptance

Required materials:

Copy of Business license, approval certificate, photocopy of approval

Statistic registration form

14. Customs procedure to register WFOE
Examination and approval department:

Customs

Time limit:

within 5 working day

Required documents:

Copy of Business license

Approval certificate, photocopy of approval

Photocopy of Articles of association of proposed China company photocopy.

Photocopy of tax registration

Photocopy of bank account certificate

Photocopy of certificate of proposed agency code

Moulage of chop of enterprise. juridical person and apply to customs

Registration form for apply customs

Registration form of management for apply customs

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