Step 1: Approval of Name
Duration: 1-3 business days
Once the company type, name, registered capital, shareholders, and their capital contribution ratios are determined, you can submit a name verification application to the Administration for Market Regulation either in person or online.
Result: Name approval successful; if not, a new name verification is required.
Step Two: Submit Documents
Time: 5-15 working days
After the company name approval, confirm the address, executive information, and business scope, then submit the pre-application online. Once the online pre-screening is approved, submit the application documents to the Administration for Market Regulation at the scheduled time.
Result: Received the Notice of Approval for Establishment Registration.
Step 3: Obtain License
Date: On the scheduled day
Operation: Carry the Notice of Approval for Establishment and Registration, the original ID card of the applicant, to the Administration for Market Regulation and pick up the original and duplicate copies of the business license.
Result: Obtain Business License.
Step 4: Seal engraving and other matters - 1-2 business days
Operation: With the business license, visit the designated seal engraving point at the local Public Security Bureau to obtain: company seal, finance seal, contract seal, legal representative seal, and invoice seal; thus, the company registration is completed.
Required Materials
Be prepared for the following aspects when registering a business:
1. The "Application for Company Establishment Registration" signed by the company's legal representative.
2. The company charter signed by all shareholders.
3. Proof of legal shareholder qualification or a natural person shareholder's ID card and its copies.
4. Appointment documents for directors, supervisors, and managers, as well as copies of their ID cards.
5. Verification by designated representative or authorized agent.
6. Agent's ID card and its copy.
7. Proof of Residence.
Note: The preparation of proof materials for residence is divided into the following three situations:
(1) If it's your own property, a copy of the property certificate and a copy of your ID card are required.
(2) For renting, a copy of the property certificate signed by the landlord, a copy of the landlord's ID card, a lease agreement signed and stamped by both parties, and a rent invoice are required.
If renting an office building under a company name, a copy of the property certificate with the company's official seal, a copy of the company's business license, a signed and sealed lease agreement by both parties, and rent invoices [1] are required.
Subsequent Matters
Business Registration License
1. Open a basic bank account
Upon completion of the company registration, a basic bank account must be opened. The basic account serves as the primary account for the company's financial transactions, including daily cash receipts and payments for business operations, as well as for the withdrawal of wages, bonuses, and cash. Each company can only have one basic account.
2. Accounting and Tax Reporting
Following the completion of company registration, it is necessary to first report to the tax authority. At the time of reporting, information of an accountant (including name, ID number, and contact number) must be provided. Starting one month after the company is established, the accountant is required to keep monthly books and report taxes to the tax authority. After the company prepares the necessary documents and reports to the designated office, the tax bureau will determine the types of taxes, tax rates, reporting deadlines, and assign a tax specialist to the company. The company will then file and pay taxes based on the tax amounts approved by the tax authority.
3. Pay social security contributions
Upon completing company registration, it is required to establish a corporate social security account with the local social security bureau within 30 days. This involves obtaining the "Social Security Registration Certificate" and CA certificate, and signing a tripartite agreement with the social security and bank. Subsequently, the social security fees will be automatically deducted from the bank's basic account upon payment.
4. Annual Report
Under the Provisional Regulations on Publicity of Enterprise Information, enterprises are required to submit their annual reports from January 1st to June 30th each year. The reports should include an overview of the company's basic information, key financial data and indicators, changes in share capital and shareholder information, etc.
