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Foreign company is in accordance with China's laws in China to set up all the capital is invested by foreign investors run business, is Chinese legal person, in the form of foreign joint ventures and wholly foreign-owned two.
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Application Procedures for a Foreign-funded Human Resources Intermediary Service Company
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Q: I am a Chinese American and recently I want to establish a human resources intermediary service company in China. I wonder what the procedures are if I come to China to incorporate a human resources intermediary service company. How to apply for? What are the considerations?
A: Currently, there are no special restrictions on establishment of a foreign-funded human resources consulting firm. Application procedures are basically identical to those for ordinary companies. But in view of more stringent management of this industry, we will confirm for you then.
I. Application procedures for a foreign-funded human resources intermediary service company
1. Preconditions for a foreign-funded human resources intermediary service company
1) In application for establishment of a Sino-foreign equity joint-venture human resources intermediary service agency, Chinese investors shall be human resources intermediary service agencies existing for 3 years or above and foreign investors shall be foreign companies, enterprises or other economic organizations engaged in human resources intermediary services for more than 3 years, and all joint venture parties shall be in good standing;
2) A sound organization; employees familiar with human resources management business, including at least 5 full-time employees who have received college education or above and obtained human resources intermediary service qualification certificates;
3) A fixed place, funds and office facilities corresponding to its business applied for, and registered capital of not less than $ 300,000, of which foreign investors shall contribute not less than 25% and Chinese investors shall contribute not less than 51%; with the exception that foreign investors may hold 70% shares of a Sino-foreign equity joint-venture human resources intermediary service company incorporated in Pudong New Area.
4) Sound and practical articles of association, management system and work rules, as well as a clear scope of business;
5) Capacity to independently enjoy civil rights and bear civil liability;
6) Other conditions prescribed in laws and regulations
2. Steps in application for establishment of a human resources intermediary service company
Step 1 Name search
Step 2 Application for the foreign investment approval certificate
Step 3 Application for the foreign-funded enterprise business license
Step 4 Application for the organization code certificate
Step 5 Application for the foreign exchange registration certificate
Step 6 Application for the tax registration certificate
If the registered capital subscribed by foreign investors will be put in place later, it is required to register a domestic opening bank via a foreign bank.
For further information, please click on the dialog box on the left side for free consultation, or you may dial:
Tel: 400-693-3369
Services to foreign companies registered
Business philosophy: customer first principle of credit first, to solve the customer's boredom. Has been engaged in foreign-funded enterprises registered, have years of history