BAILILAI INTERNATIONAL GROUP-REGISTER HONGKONG COMPANY 、Registered HongKong Trademark、REGISTER USA COMPANY、REGISTER BRITISHB COMPANY、REGISTER BVI COMPANY、REGISTER CAYMAN COMPANY、wuhaijiang

Setup procedure:

REGISTATION

Note: Project Proposal and Feasibility Study Report can be skipped.

Item	Scope of Work	Government Fee(RMB)
1	Submitting the Proposed name of company to BAIC, at least 3 optional names are required.	80
2	Submitting the Articles of Association
3	Preparation of appointment of legal representative letter. (only the Chinese version will be used for application purpose)
4	Compilation of applicant companyˇs background information, passport copy of legal representative, photos of legal representative and all other necessary information for the application
5	Preparation of application form and arrangement of the form to be signed by Chairman of the applicant company
6	Filing of form and submission of application for obtaining temporary institution and organization code certificate issued by quality supervision bureau
7	Preparation of application letter, submission of application for registration of company with the Municipal of Foreign Trade and Economic Commission (MOFTEC) for approval	50
8	Application for the Business License from BAIC.	0.8% of the authorized capital (i.e. RMB 1338 if authorized capital is US$ 200, 000.)
9	BAIC Announcement	4000
10	IC card of BAIC	280
11	Photocopy of business license	58
12	Approval of the company name from BAIC	230
13	License preparation	80
14	Since all the documents submitted to the government authorities must be conducted in CHINESE language by special institution, there is a translation fee.	300
Total	5078+0.8%*the authorized capital

POST REGISTRATION

Item	Scope of Work	Government Fee(RMB)
15	Application of institution and organization code certificate issued by quality supervision bureau	263
16	Making of company stamp, company stamps for contract and finance and tax purpose	350
17	Arrangement of having the company chop being endorsed by the public security bureau
18	Opening of capital bank account and normal bank account at a bank chosen by the applicant company	300
19	Application for registration with Bureau for Administration of Foreign Exchange(BAFE), opening foreign currency bank account	300
20	Preparing required documents for the application for registration with local Tax Bureau and state Tax Bureau.	100
21	Preparing required documents for the application for registration with local Statistics Bureau.	195
22	Preparing required documents for the application for registration with Finance Bureau.	80
23	Social insurance registration certificate issued by labor authority	200
24	Capital verification report issued by CPA firm.	2500-3000(for each time)
25	Registering certificate for self- declaration units issued by custom (if any)	180
Total	Ranging from 4468 to 4968

The registration of a wholly foreign owned enterprise will normally take 50 working days to obtain business license from BAIC. A company is formally incorporated when business license is obtained. In order for it to be fully operational, post-registration process must be completed and it will take around 30 working days to complete.

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