What is the legal process for registering a company in the Shanghai Free Trade Zone?

Setting up a business in the Shanghai Free Trade Zone (SFTZ) of China requires a certain process. Individuals or companies that seek to register their business must first apply for an entry permit. This permit must be signed by both the SFTZ Administrative Commission and the Ministry of Commerce (MOFCOM). It should also be noted that applicants are required to submit all the necessary documents, including the business plan, the investment certificate, incorporation documents, and the business license. After that, the applicant needs to apply for a business registration with the Shanghai Bureau of Commerce. This document must be submitted together with the business plan, the investment certificate, and the SFTZ entry permit. The bureau will review the documents and determine whether or not the company can legally register in the zone. Once the application is approved, the applicant must register the business with the Shanghai Municipal Tax Bureau. The business must also obtain a corporate tax registration number. This will be used for filing taxes in the future. Finally, the company must obtain a business license from the Shanghai Municipal Commission of Commerce. The business license is required for activities in the city, including opening a bank account and renting office space. These steps are required to legally register a company in the Shanghai Free Trade Zone. Business owners must adhere to the laws and regulations of the zone in order to stay in business.

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What is the legal process for registering a company in the Shanghai Free Trade Zone?

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