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Investment Services Application Procedures for foreign-funded enterprises

From: Area Date: 2009-07-27 10:07 〖Font: Big Medium Small〖Print〗 〖Close〗

Q:What procedures are required to complete for establishing a foreign-funded enterprise?
A:Chengdu Administration for Industry and Commerce verifies name of the enterprise → Xindu District Bureau of Commerce approves Articles of Association and other application documents → The Quality and Technical Supervision Bureau of Chengdu verifies and issues notification of preassigning code to enterprise → Xindu District Bureau of Commerce issues approval certificate → Apply for permit (any project being possibly involved in environment pollution shall be examined in advance) → Chengdu Administration for Industry and Commerce verifies and issues business license → The Quality and Technical Supervision Bureau of Chengdu verifies and issues certificate of enterprise code → Take the business license to make seal at the authorized company → Complete related procedures with respect to foreign currency administration bank, tax affairs, customs and others → Accounting firm verifies capital → Chengdu Administration for Industry and Commerce reissues business license.

Q:What documents are required to prepare for processing verification of name of the enterprise?
A:The following documents shall be taken, in case of processing at Chengdu Administration for Industry and Commerce:
1.Application form of name verification, signed by all investors;
2.Entity qualification of overseas investors, or copy of ID certification.

Q:What documents are required to prepare for processing examination and approval of Articles of Association?
A:The following documents shall be taken, in case of processing at Xindu District Bureau of Commerce:
1.Application form;
2.Original of power of attorney for delivery of legal documents;
3.Entity qualification or ID certification, and original of Credibility Letter of foreign investor, which are notarized by notary office of the country where the investor is and authenticated by Chinese embassy (consulate) in the same country;
4.Copies of rental or use of sites;
5.Original of any approval document, which must be examined and approved in advance according to national laws and regulations;
6.Articles of association;
7.Name list, power of attorney (chairman of the board, vice chairman, director or executive director, supervisor) and letters of appointment (general manager, assistant general manager) of directors of the enterprise, and copies of ID certification of the same aforesaid personnel;
8.Copies of notification of preexamination of name of the enterprise;
Please directly contact Xindu District Bureau for Investment Services as to examination and approval of Articles of Association of foreign-funded enterprises. We will provide satisfactory services totally for free.

Q:How to process notification of preassigning code to enterprise and approval certificate?
A:Take the reply of Xindu District Bureau of Commerce for Articles of Association to the Quality and Technical Supervision Bureau of Chengdu, to process notification of preassigning code to enterprise. Then take the notification of preassigning code to enterprise back to Xindu District Bureau of Commerce to obtain the approval certificate for foreign-funded enterprises.

Q:What documents are required to prepare for processing business license?
A:The following documents shall be taken, for processing at Chengdu Administration for Industry and Commerce:
1.Two copies of approval certificate for foreign-funded enterprise;
2.Reply of Xindu District Bureau of Commerce for Articles of Association;
3.Eight types of documents, submitted at the moment of processing approval for Articles of Association.

Q:What licenses else are required after getting business license?
A:I.Apply for certificate of enterprise code at the Quality and Technical Supervision Bureau of Chengdu, with the following documents:
1.Copies of business license;
2.Copies of ID certification of legal representative of the newly established enterprise.
II.Complete relevant procedures at departments with respect to foreign currency administration, bank, tax affairs, customs and so on, with reply of Xindu District Bureau of Commerce for Articles of Association and other concerned documents.
III.Go to accounting firm for capital verification, after capital arrives in place within the time limit of subscription, as specified in Articles of Association.
IV.Submit report of capital verification to Chengdu Administration for Industry and Commerce, indicating license re-issuance with paid-up capital, and then apply for re-issuance of business license.