Setting up Trading Company
in Guangzhou
I. Required Materials
There are two documents you need to prepare in your homeland country
1. Profiles of the investor
(1) If the investor is a company:
The business license or register certificate of the company needs to be notarized by
the local official and authenticated by local Chinese Embassy.
(2) If the investor is a person:
Personal passport and living address of the investor need to be notarized by the local
official and authenticated by local Chinese Embassy.
2. Credit Certification issued by the bank that can indicate your good credibility and
the balance with at least 60-70% of the investment capital.
3. Name of new company (Chinese and English).
4. The list of products that the new company will sell or purchase.
5. The business scope of new company.
6. The list of board members (or executive director), the supervisor, the legal
representative of the new company. [You can be the executive director and the legal
representative at the same time and you can choose someone you trust to be the
supervisor.]
7. The original least contract and copy file of the property ownership certificate for
the place of new company’s operation. (Need to be admitted by the Bureau of Land
Resource and Housing Management of GZ)
8. Seven copy files of ID certificate/passport of board members, supervisor and legal
representative. (All need to be signed with the personal signature originally. The
signature shall match the one left on the passport)
9. The living address and contact information of board members, supervisor and legal
representative.
10. Photos in 3 pieces of new company’s legal representative.
11. Other documents as the government request.
Besides, we already prepared the documents in need for you to sign. They are all the
documents in need and will be handed in to the government.
II. Scope of Service on Setting up a New Company in Guangzhou
Regarding the project of setting up a new company in Guangzhou, it would be our
Page 1 / 5 honor to provide you our comprehensive legal services. Yingke Law Firm will keep
following the process. Our services in detail are as below：
1. Provide initial research on the new investment project and provide initial feasibility
report.
2. Draft and fill up all the official application forms.
3. Draft Article of Association.
According to our research results and your final decisions, we will draft Article of
Association with concern of every aspect of the new company, such as investment
proportion of shareholders, controlling of Board of Directors, management policy,
intellectual property protection, labor settlement, financial settlement, etc..
3. Prepare Required Materials.
On one hand, we will assist to draft relevant documents that are required in setting up
new trading company process, such as power of attorney for company registration. On
the other hand, we will also draft a list of the required materials that need to be
prepared by your side ensuring a smooth applying process.
4. Apply for the <Approval Certificate for Setting Up Foreign Enterprise> from
Administrative Bureau of Foreign Economic and Trade in Guangzhou.
5. Apply for the <Industrial and Commercial Business License> from Guangzhou
Administrative Bureau of Industry and Commerce.
6. Assist to contact with a qualified seals-making company to carve a name stamp and
a financial stamp in the name of the new company and make them recorded in system
of the Public Security Bureau in Guangzhou.
7. Apply for the <Corporation Code Certificate> in the name of the new company
from the Technique Intendance Bureau in Guangzhou.
8. Apply for the <Taxation Certificate> in the name of the new company in
Guangzhou from national taxation bureau and the local taxation bureau.
9. Assist to contact with an accounting firm to verify the distribution of the new
company after the first part of capital is distributed by the shareholders.
10. Record information of new company at Administrative Bureau of Foreign
Exchange in Guangzhou.
11. Assist to renew the business license when the first part of distribution is received.
12. Assist to record the information in Finance Department.
13. Assist to record the basic company information in Customs of Guangzhou.
Page 2 / 5 III. Charges
1. Legal Service Fee
(1) The total legal service fee for setting up new company in Guangzhou is around
200,000THB-550,000THB The final price will vary based on specific needs of the
client.
(2) Please kindly be noted that after the new trading company is set up, your company
shall also hire a professional accountant and an import & export company to help to
open the bank account, file the tax every month, verify the distribution, apply the
goods to have inspection which are not included in legal services we provide.
(3) The transportation fee, accommodation fee caused outside the Guangzhou city or
any other third-party fee that caused by the process will be borne by the customer. In
the meanwhile, we will do our best to lower the additional expense and will inform
you and get your approval when any foregoing expenses appear.
2. Additional Service Fee
There are several types of third-party service fee may appear (may not complete):
(1) Translation Fee
As the government requires each foreign company to submit Chinese-Translated
version materials, therefore, some translation fee will be aroused if the certificates or
materials are written in Chinese. Translation fee normally is RMB 200 Yuan for each
piece of paper.
(2) Official Service Fee
The new company shall pay official service fee when it gets some electronic
certificates from government. Normally the cost is RMB 300-400 Yuan.
(3) The Service Fee for Seals
The professional seal-making company will make a set of basic seals of the company
and have them registered in government. Normally the price is RMB 200-300 Yuan
for a set of seals.
(4) The Service Fee for Distribution Verifying
The service fee will be determined by the professional third-party agency. The price
has its official guide and we will try to get a favorable price for you.
(5) The Service Fee for Bank Account Opening
The service fee will be determined by the bank.
Page 3 / 5 IV. Flow Chart
Confirm the investment model through consultation. Prepare required documents. Confirm the name of the company. Apply for the <Approval Certificate
for Setting Up Foreign Enterprise>. Apply for the <Industrial
Commercial Business License>. and
Apply for the <Corporation
Code Certificate>. Carve the seals of the new company. Apply for the <Taxation
Certificate>. Post setting up procedures. Open bank account. Record information of new
company at Administrative
Bureau of Foreign Exchange. Verify the contribution of the
new company. Record information of new
company at Administrative
Bureau of Finance. Record information of new company and products at Customs. Start to run the business as a complete functional company. Page 4 / 5 Contact Information:
DTL Law Office
Add of Headquarter in Thailand: 4th Floor, Nai Lert Tower, 2/4 Wireless
Road, Lumphini, Pathumwan, Bangkok, 10330, Thailand.
Mobile: +66-617186777
Fax: +66-22552733
Tel: +66-22552733
Add of Office in China: 24th Floor, Tower G, G. T. Land Plaza, No.16
Zhujiang East Road, Tianhe District, Guangzhou, 510623, China.
Mobile: +86-13302381707
Fax: +86-20-83338088
Tel: +86-20-62719806
Email: [email protected] [email protected]
Page 5 / 5