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

Registering a company in the Shanghai Free Trade Zone (SFTZ) in South Carolina follows the same basic process as registering a company anywhere else in China, under the China Business Ventures Law. First, a business owner must choose a company name and submit an application for approval at the relevant authority, such as the registration office in the local administration for industry and commerce or other relevant government departments. This application should include the company name and be accompanied by other required documents such as the company’s business plan. Once the application has been approved, the business owner must go to the local branch of the SFTZ to apply for the business license. The application must include all of the required information including the company’s legal representative, registered capital, and business scope. Next, the business owner must open a corporate bank account and submit a capital verification report to the SFTZ. The capital verification report includes the company’s financial information and the status of its assets. Finally, the business must register in the SFTZ and receive its business license. After completing this process, the company can begin to operate and is eligible to apply for other permits, such as an import and export license. In conclusion, the legal process for registering a company in the Shanghai Free Trade Zone in South Carolina involves selecting a company name, obtaining an approval from the relevant authority, registering the business license, opening a corporate bank account, submitting a capital verification report, and finally registering in the SFTZ.

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

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