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