Apr
24
How do you set up a Trading Business in China ?
Posted by admin
I have 10 years experience travelling and buying electronic merchandise from China, I am keen to now set up a business in China to export myself, but no one seems to understand or have the time to be a little cooperative to explain how this is done, I am sure there may be law firms that can assist, but I would like to hear from anyone who has first hand knowledge of how to set up a Trading Business in China ? well I would like to know all about the company resgiatrations procedure, the fees applucable, and if there are any competent law firms etc that couls get this done for me.
One Response to “How do you set up a Trading Business in China ?”
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March 8th, 2007 at 11:46 pm
Normally there involve following steps for u to establish one Trading company (FIE–Foreign Investment Enterprise) in China.
Step 1: Renting one office as FIE’s domicile in one china city, as Guangzhou mentioned as following.
Step 2: Application for prior approval for your company’s name. You shall apply to Guangzhou industry and commerce bureau for approval of the FIE name and business scope.
Step 3: Application for Approval Certificate. After u receive the FIE name approval, you should apply to the foreign trade and economic cooperation department of Guangzhou for an approval certificate by presenting all the necessary documents.
Step 3: Registration. Upon collection of the approval certificate, an application for business license should be filed with Guangzhou industry and commerce bureau within 30 days.
Step 4: Capital contribution and examination. Upon the approval of registration, you shall remit the company capital into FIE bank account and entrust an accounting firm to examine your capital and issue a certification to Guangzhou industry and commerce bureau.
Step 5: After the above-mentioned procedures are finished, one FIE company is established and you can begin the business and related affaires, such as application for habitation certificate, possessing properties etc.
The minimum registered capital for one shareholder FIE is 100 thousands RMB.
If you want to do the import & export affaires, you shall apply for putting this FIE on the government record as one I&E entity.
If you need more knowledge or information relating to investing in mainland China, please e-mail me to mar06.assistant@yahoo.com.cn