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

The process for registering a company in the Shanghai Free Trade Zone (SFTZ) in China is relatively straightforward. First, the company owner must register a business name with the Administration of Industry and Commerce. Then they must obtain a business license from the SFTZ government authorities. After the license is received, the company must set up a bank account and register with the relevant tax bureau. Once all of these steps are completed, the company must register with the Company Registry of the SFTZ. This is done with a registration form which must be completed and submitted along with required documents such as the company’s articles of association, registration certificate and the business license. Once the registration is completed, the company must obtain a company seal from the SFTZ authorities. The company seal is important as it provides evidence of legal authority for the company. This seal is required for various activities such as entering into contracts, taking payments or signing documents. Finally, the company must be registered with both the customs and inspection and quarantine bureau to obtain the relevant trading privileges and complete the required customs clearance procedures. This process is necessary for the importation and exportation of goods.

Related FAQs

Are there any restrictions on the repatriation of dividends from Chinese companies?
What is the process for obtaining government permits and approvals in China?
How can a foreign business beneficiary assert rights to a Chinese domain name?
What is required to open a foreign invested enterprise in China?
What restrictions apply to the export of technology from China?
Are there restrictions on the use of the Chinese currency (RMB) by foreign companies?
What is the legal framework for setting up a foreign-invested enterprise in China?
How can a foreign company protect its foreign investments in China?
What laws apply to the operation of banks and financial institutions in China?
What is the legal process for terminating a business venture in China?

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

Related FAQs

Related Blog Posts