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Shenyang Company
Incorporation-Concept of Shenyang Company
Shenyang Company is a limited liability company set up in
Shenyang. Shareholders are domestic companies or individuals of Chinese
nationality aged 18 years old and above, shall be responsible for the company to
the extent of the capital contributions they have paid.Shenyang Company is
broadly classified into: Shenyang Domestic Company, Shenyang foreign funded
enterprise, Shenyang Chinese-foreign Joint Venture (JV), Shenyang
Chinese-foreign Cooperative Joint Venture, Shenyang Partnership Company,
Shenyang Individual Proprietorship Enterprise etc.
Shenyang Company
Incorporation-Registered and Paid-Up Capital
1. The minimum amount of registered capital of a limited
liability company shall be RMB30, 000. If any law or administrative regulation
specifies a higher minimum amount of registered capital for a limited liability
company, the provisions of that law or administrative regulation shall prevail.
2. Shenyang Individual Proprietorship Enterprise: Minimum registered
capital is 100,000RMB, should be paid up in one time.
3. Two-Person Company: Minimum registered capital is
30,000RMB, capital contribution shall not be less than 20% of the registered
capital for the first time; also may not fall below the minimum standard of
statutory registered capital, with the balance being remitted within 2 years.
4. Investment Company: Minimum registered capital is over
10,000,000RMB (including 10,000,000RMB), capital contribution shall not be less
than 20% of the registered capital for the first time; also may not fall below
the minimum standard of statutory registered capital, with the balance being
remitted within 5 years.
5. Company Limited by Shares: Minimum registered capital is
5, 000,000rmb.
Shenyang Company
Incorporation-Company Name of Shenyang Company
The name of Shenyang Company should be in the form of
Administrative division (Shenyang) + Trade Name + Sector Expression +Limited.
Each enterprise shall use only one name and not be the same with or similar to
the registered name in the same industry. If the word “China” is within the
company name, it is required to be pre-approved by ICAB at national level in
Beijing.
Shenyang Company
Incorporation-Business Scope
Business scope is one of the most important issues in FIE
registration application, divided into the licensed business item and the
general business item. Licensed business item means a pre-approval is needed
before business license application. General business item means ordinary item
which can be registered in Bureau of Industry and Commerce directly. Shenyang
Foreign Invested Enterprise can only conduct business within its approved
business scope, which ultimately appears on the business license. There is some
connection between business scope and register capital. Generally speaking,
larger register capital, more business items can be approved.
Shenyang Company
Incorporation-Shareholder, Director and Manager, Legal Representative,
Supervisor
1. Shareholder must be Chinese natural person or legal
entity.
2. Director and Manager can be the same person, acted by
shareholder, non-shareholder.
3. Legal representative is a person in charge of corporate
operation, management and development, responsible for all the legal affairs
arising from the running of the business, acted by director, manager,
shareholder or non-shareholder.
4. Supervisor shall not serve concurrently as legal
representative and senior management, acted by shareholder, non-shareholder.
Supervisor’s duty is that check the company’s financial condition; supervise
executives’ behavior of performing his duties, propose suggestions on
dismissing any director or senior manager whose behavior is contrary to laws
and regulations
Shenyang Company
Incorporation-Documents & Information Required
1. Company Name of Shenyang Company
2. Determine shareholder, business scope
3. Determine register capital, shares allocation proportion
4. Office address in China, 2x original leasing contracts,
2x copies of house property certificate with company stamp or signature of
lesser and 2x landlord identification documents (The lessee should be acted by
legal representative or investor. The area is required no less than 30 ㎡ and
for commercial use only with more than one year’s rent
and the lease contract should be endorsed by local Housing Management
Authority)
5. ID Copy of Shareholder, Director, Legal Representative,
Supervisor.
Shenyang Company
Incorporation-Working Time Needed
1. Manufacturing enterprise: 20-40 working days (the time of
approval papers application from the fire & environmental protection
bureaus is not included)
2. Trading& Service enterprise: 20-30 working days.
Tannet Malaysia is an international company based in Hong Kong, Shenzhen. We provide various of business solution to those investor who would like to expand their business oversea such as international company incorporation, global trademark registration, commercial secretary services included offshore bank account opening as well. Kindly contact us for more information on our other services if you are interested!
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