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What is the registration process for foreign companies?

1. The registration process of a foreign company is as follows: 1. First, go to the Industrial and Commercial Bureau to approve the company name and confirm whether the company name is the same and whether it can be registered. The name cannot include registered trademarks, national place names, mountains and rivers, history Characters, English, names that sound the same as others, etc. Required supporting materials: application form for pre-approval of foreign-invested enterprise name, certificate of designated representative, qualification certificate of all investors. After the Industrial and Commercial Bureau accepts the application, it will issue a "Company Name Review Notice", usually within 5 working days; 2. Review the contract, feasibility study report, and articles of association (Commercial Commission, if there are pre-licensed projects, they must be pre-licensed) Approval); 3. Apply for a business license (Industrial and Commercial Bureau); required supporting materials: certificate of property rights, lease contract, articles of association, original shareholder ID card. A legal person business license will be issued after acceptance, usually within 5 working days. In addition, it should be noted that first, the property ownership certificate must be stamped by the local village. Then, the address on the property certificate must be consistent with the address on the lease contract. Finally, shareholders should go to the industrial and commercial office together to take photos and sign signatures. 4. Engraving the seal (Public Security Bureau) and filing it with the Exit and Exit Administration Bureau; 5. Applying for the enterprise organization code (Quality and Technical Supervision Bureau); Required supporting materials: original business license, original legal person ID card, official seal. An organization code certificate will be issued after acceptance, usually within 0.5 working days. 6. Foreign exchange registration (Foreign Exchange Administration); required supporting materials: original business license, original legal person ID card, official seal, original organization code certificate, national tax registration certificate, local tax registration certificate. After acceptance, the foreign exchange registration certificate will be issued and it will take 5 working days. 7. Tax registration (Taxation Bureau); required supporting materials: original business license, original legal person ID card, official seal, copy of property rights certificate, copy of articles of association, lease contract, original organization code certificate. A national tax registration certificate will be issued after acceptance, usually within 0.5 working days. 8. Bank account opening (bank); required supporting materials: original business license, original legal person ID card, official seal, financial slip, private seal, copy of articles of association, original organization code certificate. After acceptance, it will take 10 working days for the bank account opening license and credit code certificate to be issued. 9. Capital verification (accounting firm); 10. Business license change (Industrial and Commercial Bureau); exchange for a formal business license. 11. Settlement of foreign exchange (bank); 12. Issuance of invoices and official business. 2. Conditions for registering foreign-invested companies in 2022 (1) Supervisors registered for foreign-invested companies. If a board of supervisors is set up, at least three supervisors are required. If there is no board of supervisors, one supervisor can be established. The supervisor can be a foreign individual or a resident of mainland my country. When processing the registration of a foreign-invested company, the identity certificate of the supervisor must be submitted. (2) Shareholders of foreign-funded enterprises and wholly foreign-owned companies can be foreign enterprises, and they can also be shareholders of foreign residents of Sino-foreign joint ventures. There are special requirements for Chinese shareholders, that is, the Chinese shareholders cannot be Chinese residents and must be Chinese companies. (3) There is no minimum registered capital requirement for foreign-invested companies registered in mainland my country. The registered capital can be: RMB, US dollars, pounds, Hong Kong dollars, euros and other major currencies, which are reflected on the business license. The spot exchange method recommends spot exchange in foreign currency or overseas RMB spot exchange. It is required to be paid in full within five years. For example: your registered capital is one million, which can be paid off within five years. There is no requirement for the first capital injection amount. (4) Legal representative for registration of foreign-funded companies Foreign-funded companies need to have a legal representative. The legal representative can be one of the shareholders or can be hired. What are the eight major conditions for registering a foreign-funded company in 2019? The legal representative of a foreign-funded enterprise or a Sino-foreign joint venture can be either a Chinese or a foreigner. When registering a foreign-invested company, it is necessary to submit the identity certificate and photo of the legal representative. (5) Directors registered in foreign-funded companies When an investment company is established, it may or may not have a board of directors. If there is no board of directors, an executive director must be appointed. Directors or executive directors of foreign-funded companies can either hire mainland residents or dispatch foreign individuals to register the foreign-funded company, and the directors must provide identification documents. (6) Registered name of a foreign-funded company When a foreign-funded company is registered, the company name must first be approved, and multiple company names need to be submitted for name checking. The rules for name checking of registered companies in Shanghai are that company names in the same industry cannot have the same name or the same pronunciation. If there are multiple font sizes, they need to be separated for name checking. (7) Registered address of a foreign-funded company The registered address of a foreign-funded company must be a commercial working address, and a lease agreement, a copy of the real estate certificate and a lease invoice are required.

(8) Business scope of registered foreign-invested company When a foreign-invested company is registered, the business scope must be clear, and the future business scope cannot exceed the company's business scope. The number of words for the business scope should be within 100 words, including punctuation marks. my country implements an approval system for the registration of foreign-invested companies. Some industries, such as mining and retail, are industries restricted by foreign investment and require approval from the Ministry of Commerce of my country. To sum up, the process of registering a foreign company includes name verification, document preparation, verification, company certificate registration, seal engraving, account opening, and tax registration. There are legal conditions for registering a foreign-invested company. If the legal conditions are not met, the registration agency will not register it. Legal Basis Article 6 of the "Company Law of the People's Republic of China" To establish a company, one must apply for establishment registration to the company registration authority in accordance with the law. Those that meet the establishment conditions stipulated in this Law shall be registered as a limited liability company or a joint stock company by the company registration authority; those that do not meet the establishment conditions stipulated in this Law shall not be registered as a limited liability company or a joint stock company. If laws and administrative regulations stipulate that the establishment of a company must be subject to approval, the approval procedures must be completed in accordance with the law before the company is registered. The public may apply to the company registration authority to inquire about company registration matters, and the company registration authority shall provide inquiry services.