Step 1: Approval of Name
Timing: 1-3 business days
Once the company type, name, registered capital, shareholders, and their contribution ratios are determined, you can submit a name approval 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
Once the company name approval is confirmed, verify the address, executive information, and business scope, and submit the preliminary application online. After passing the online pre-review, submit the application materials to the Industrial and Commercial Administration according to the scheduled appointment time.
Result: Received the Notice of Approval for Establishment and Registration.
Step 3: Obtain License
Date: Scheduled Date
Operation: Bring the Notice of Approval for Establishment and Registration, the original ID card of the person handling the matter, and collect the original and duplicate copies of the business license from the Industrial and Commercial Administration Bureau.
Result: Obtain Business License.
Step 4: Engraving and other matters timeline: 1-2 business days
Operation: With the business license, visit the designated seal-making point at the local Public Security Bureau to obtain the company seal, financial seal, contract seal, legal representative seal, and invoice seal; up to this point, the company registration is complete.
Required Materials
Business Registration Preparation: Ensure the following aspects are addressed:
Application for Company Establishment Registration, signed by the company's legal representative.
2. The company's articles of association signed by all shareholders.
3. Proof of legal shareholder qualification or a natural person shareholder's ID card and its copies.
4. Board members', supervisors', and managers' appointment documents and copies of their ID cards.
5. Proof of designated representative or authorized agent.
6. Agent's ID card and its copies.
7. Proof of Residence.
Note: The preparation of proof of residence materials is divided into the following three cases:
(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 signed and stamped lease agreement by both parties, and a rent invoice are required.
(3) If renting an office building under a company's 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 are required [1].
Subsequent Matters
Opening License
1. Open a basic bank account
Upon completion of the company registration, a basic bank account must be opened. The basic account is the primary account for the company's financial transactions, handling daily cash receipts and payments for business operations, as well as the withdrawal of salaries, bonuses, and cash. Each company can only have one basic account.
2. Accounting and Tax Reporting
Following company registration, a tax reporting procedure must be completed, at which time information of an accountant (including name, ID number, and contact phone) is required. Starting one month after the company's establishment, the accountant is required to record monthly accounts and report taxes to the tax authority. After the company prepares the necessary documents for reporting at the designated office, the tax bureau will determine the types of taxes, tax rates, reporting deadlines, and assign a tax supervisor for the company. The company will then file and pay taxes based on the tax amounts approved by the tax department.
3. Pay Social Security contributions
Upon completion of the company registration, it is required to open a corporate social security account at the local social security bureau within 30 days. This involves obtaining the "Social Security Registration Certificate" and CA certificate, and signing a tri-party agreement with the social security and bank. Subsequently, the relevant social security fees will be automatically deducted from the bank's basic account upon payment of social security.
4. Annual Report
Under the Provisional Regulations for Publicizing Corporate Information, companies 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.
