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- Appointment documents and identification documents of the company’s legalrepresentative- If the initial contribution is in nonmonetary assets, the document certifyingtransfer of the property title of such assets.- Other documents as required by the authorities.Within 15 working days from receipt of all documents, the AIC should decide toapprove or not approve the company registration. After the company registers, itcan proceed to have its seal carved, to open formal bank accounts, and to apply fortaxation registration.Procedure4According to the new administrative rules, application forms may be downloadedfrom the local government authorities’ Web sites. Statutory time limits wereintroduced for acceptance of application documents and for registrationdecisionmaking, which differs according to the form of application. In practice, thedecision will usually be made within 15 days of receipt of the application.Documentation requirements for company registration were standardized. TheRegistry is now required to publicly display them.- According to Article 52, if an application is filed (by letter, telegraph, telex, fax,email, or electronic data exchange), the Company Registry must, within 5 days ofreceiving the relevant application documents and materials, decide whether toaccept the application. If the application documents and materials are incompleteor do not meet the statutory requirements, the Registry must inform the applicant,within 5 days, of all contents subject to supplementation and correction.- According to Article 54, if the organ in charge of company registration must verifythe application documents and materials, it shall decide whether to approve theregistration within 15 days of acceptance. In other cases, the organ must decidewhether to approve the registration on the spot or within 15 days of acceptance.- According to Article 55, if the organ decides to approve a company registration, itshall issue a “notice on approval for establishment registration” and inform theapplicant to collect its business license within 10 days.- According to Article 59, from March 1st to June 30th of each year, the organ incharge of the company registration shall carry out an annual examination ofcompanies. Publication fees depend on the place of the public announcement andthe company size. Small businesses might only spend CNY 320, and largecompanies might spend about CNY 1,250.Obtain the approval to make a company seal from the police departmentTime to complete:Cost to complete:1 dayno chargeComment:Procedure5If all the shareholders are individual investors, the registration file will include theduplicate of the business license (the original and one copy) and the legalrepresentative’s identification card. If registration is approved, a notice to make thecompany seal will be issued to the company.Make a company sealTime to complete:1 dayCost to complete: RMB 300Comment:Procedure 6Time to complete:To make the company seal, the company shall designate a company possessing aShanghai Special Industry Permit (company seal carving) ( 建 建 建 建 建 建 建 建 建 建 建 建 建 建建 建 建 建 . This process costs CNY 70–300, depending on the design and the quality.Obtain the organization code certificate issued by the Quality and TechnologySupervision Bureau5 days54