Nanyang Hummingbird Accounting Co., Ltd.

Registering a trading company also involves a series of processes and materials. What is the process required to register a trading company? Nanyang Hummingbird Accounting Co., Ltd. has brought you relevant knowledge about the process of registering a trading company, which may be what you need.
Process of registering a trading company in Nanyang in 2017
Application for pre-approval of enterprise name
Prepare the corresponding materials and submit an application for pre-approval of enterprise name to the name verification window of the Municipal Administration for Industry and Commerce.
Or submit an application for pre-approval of the enterprise name through the verification window of the District Administration for Industry and Commerce in the jurisdiction where the business is located.
2. Apply for a corporate business license
Prepare the corresponding materials and submit an application for establishment registration to the enterprise registration window of the Municipal Administration for Industry and Commerce.
Or submit an application for establishment registration through the enterprise registration window of the district industrial and commercial administration bureau in the jurisdiction where the business is located.
3. Apply for online seal
Note: Prepare the corresponding materials and find a professional seal engraving company to submit an application for online seal engraving to the Municipal Public Security Bureau.
4. Apply for the organization code certificate
Prepare the corresponding materials and submit an application for the organization code certificate to the Municipal Bureau of Quality and Technical Supervision.
Or apply for an organization code certificate from the district quality and technical supervision bureau in the jurisdiction where the company operates.
5. Apply for a tax registration certificate
Prepare the corresponding materials and submit an application for a tax registration certificate for the state and local taxation bureaus and municipal local taxation bureaus.
Or apply for a national and local tax registration certificate from the district state taxation bureau and local taxation bureau in the jurisdiction where the business is located.
6. Apply for a basic bank deposit account
Prepare the relevant materials and submit an application for opening a basic bank deposit account to the selected bank.
After you open a basic bank deposit account, you can sign a tax withholding agreement and find an agency to help you with your accounting, monthly tax returns, tax accounting, etc.
How long does it take to register a trading company in Nanyang
Days for name approval
Days for online registration and industrial and commercial appointment
Days for applying for a business license
Days for seal engraving
Taxation Report day
Bank account opening day
Nanyang Hummingbird
Requirements for registering a trading company in Nanyang
Company registration address requirements
Company registration address is the same as the requirements for general individual industrial and commercial households. The registered address of different companies must be offices and residential buildings cannot be used as registered addresses. When registering a company, it is required to provide a copy of the real estate certificate of the registered address and a lease agreement when handling industrial and commercial registration and tax registration.
Company registered capital requirements
Cancellation of minimum registered capital
Special industries need to meet industry minimum registered capital requirements. Registered international freight forwarding companies must meet the minimum registered capital requirement of RMB 10,000.
Shareholders have the obligation to pay registered capital. The registered capital must be verified by an accounting firm before it can be registered in the industrial and commercial registration information.
Company business scope requirements
The business scope of a registered company must be written on the business license. Ordinary product sales and consulting services can be directly included in the business scope, but special industries or products require an industry license before they can be included in the business scope. For example, alcohol sales require a liquor wholesale license.
Requirements for the legal representative of the company’s shareholders
The legal representative of the company’s shareholders must have an ID card and have no bad records in the industrial, commercial and taxation systems. For detailed requirements and regulations for shareholders, please refer to the "Enterprise Notification and Commitment Letter" of the Industrial and Commercial Bureau.
Requirements for financial personnel
After the company registration is completed, accounts and taxes must be filed every month, so the identity information of the financial personnel must be provided when handling tax registration. An invoice administrator certificate is required when purchasing invoices.
After the company registration is completed, it is necessary to open a basic company account and a tax account.
Matters included in the registration of Nanyang Trading Company
A name
A limited liability company established in accordance with the provisions of the Company Law must indicate the words limited liability company or limited liability company in the company name. A joint-stock company established must indicate the words joint-stock company or joint-stock company in the company name.
Second domicile
The company’s domicile is where the company’s main offices are located. A company can only register one address and should indicate the province, city, county and street number where it is located. The company's domicile shall be within the jurisdiction of the company registration authority.
3. Name of legal representative
The legal representative refers to the person in charge who exercises authority on behalf of the company.
The chairman of the board of directors established by a limited liability company shall be the legal representative of the company. If a limited liability company establishes an executive director, the executive director shall be the legal representative of the company.
The chairman of a joint-stock company is the legal representative of the company.
The method for selecting the chairman of a limited liability company shall be stipulated in the company's articles of association. The chairman of a wholly state-owned company shall be appointed by a state-authorized investment institution or a state-authorized department from among the board members.
The chairman of the board of directors of a joint stock company shall be elected by a majority of all directors.
Persons under any of the following circumstances shall not serve as the legal representative of the company
Having no capacity for civil conduct or having limited capacity for civil conduct
Having committed the crime of corruption, bribery, misappropriation of property or the crime of disrupting economic order The execution period of a person sentenced to a sentence has not exceeded one year, or the execution period of a person who has been deprived of political rights due to a crime has not exceeded one year.
Serving as the chairman or factory manager of a company that went bankrupt due to poor management and bankrupting the company The person who bears personal responsibility has not passed the year since the date of bankruptcy liquidation of the company
The person who serves as the legal representative of a company whose business license has been revoked due to violation of laws and bears personal responsibility has not passed since the date of the company's business license was revoked. It has not been more than one year since the date
The personal debt with a relatively large amount has not been paid off when due.
Four Registered Capital
Registered capital is the sum of the paid-in capital contributions of all investors (shareholders) into the company. It is the paid-in capital contribution of all shareholders registered with the company registration authority. The total capital expressed in monetary amounts is also the total amount of capital invested by shareholders. The company enjoys shareholder rights and assumes limited liability. The company's registered capital is the operating capital at the beginning of the company's establishment and the source of all assets for which the company enjoys all legal person property rights and assumes liability for the company's debts.
Five company types
Company types are divided into limited liability companies and joint stock companies.
The type of enterprise that establishes a limited liability company should be registered as a limited liability company. If the limited liability company is a wholly state-owned company, its enterprise type should also be marked with the words "wholly state-owned".
The enterprise type that establishes a joint-stock company shall be registered as a joint-stock company. If a joint stock company is a listed company, its enterprise type should also be marked with the word "listed".
Six business scope
The company's business scope directly determines and reflects the company's rights, capabilities and behavioral capabilities. Under the conditions of market economy, the company's business scope should not be subject to excessive restrictions other than those restricted by national laws and administrative regulations.
Seven business periods
The company's business period is determined by the company's articles of association.
8. Names of shareholders of a limited liability company or promoters of a joint stock company
Registration of the names of shareholders of a limited liability company or promoters of a joint stock company must be based on relevant documents that can prove their true names. Documentary proof of qualification or identification of name or name is made.
If the company's shareholders or promoters are corporate legal persons, they should be registered based on a copy of the shareholder's or promoter's license stamped with the seal of the registration authority. If the company's shareholders or promoters are other legal persons, they should be registered based on proof of their legal person qualifications. If the shareholders or promoters of the company are natural persons, they should register based on a copy of their resident ID card or other identity certificate that can prove their true name.
Process of registering a trading company