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APPENDICESStarting a Business in ChinaThis table summarizes the procedures and costs associated with setting up a business in China.STANDARDIZED COMPANYLegal Form: Limited Liability CompanyMinimum Capital Requirement: CNY 30,000City: ShanghaiRegistration Requirements:No: Procedure Time to complete Cost to complete1 Obtain a notice of pre-approval of the company name1 day RMB 802 Open a preliminary bank account; deposit fund in the account1 day no chargeand obtain the certificate of deposit3 Obtain registration certification "business license of enterprise1 day (if done inlegal person" with SAIC or local equivalentperson); 14 days if bymail0.08% of registeredcapital (registrationfee) + RMB 10 forcopy of BusinessLicense + RMB 500 forpublic announcement(see comment)4 Obtain the approval to make a company seal from the police1 day no chargedepartment5 Make a company seal1 day RMB 3006 Obtain the organization code certificate issued by the Quality5 days RMB 148and Technology Supervision Bureau7 Register with the local statistics bureau1 day RMB 508 Register for both state and local tax with the tax bureau ( 建 建 建 建10 days RMB 100建 建 )9 Open a formal bank account of the company and transfer the1 day no chargeregistered capital to the account10 Apply for the authorization to print or purchase financial10 days no chargeinvoices/receipts ( 建 建 建 建 建 建 建 )11 Purchase uniform invoices ( 建 建 建 建 建 建 )1 day RMB 1.05 - 1.67 perinvoice book12 File for recruitment registration with local career service center ( 建1 day no charge建 建 建 建 建 )13 Register with Social Welfare Insurance Center ( 建 建 建 建 )1 day no charge52