Food & Beverage Company Outline
Food & Beverage Company refers to catering, fast food, bar…which can be invested in the form of both WFOE and JV.
I.Registered capital of food & Beverage Company
RMB 500,000 ~ RMB 1,000,000 Different district in Shanghai has different policy for the threshold of capital.
II.General procedure for setup Food & Beverage WFOE:
| Procedure |
Authority |
License |
| Step 1 |
Find the qualified place to open the food company |
N/A |
Leasing agreement |
| Step 2 |
Name pre-registration |
SAMR |
Pre-name approval |
| Step 3 |
Apply for business license |
SAMR |
Business License |
| Step 4 |
Company chop |
PSB |
Company Chops |
| Step 5 |
Apply for the food sanitation license |
SFDA |
Temporary Food Sanitation License |
| Step 6 |
Apply for the pollutant discharge permit |
SEPB |
Temporary Pollutant Discharge Permit |
| Step 7 |
Open RMB account |
Bank |
Activate bank acc. |
| Step 8 |
Open capital account & foreign exchange registration |
Bank |
Activate bank acc. |
| Step 9 |
Capital Injection |
Bank |
Bank notice |
III. Material checklist for Food & Beverage WFOE
□Certificate of parent company's business license should be provided with verification by both local notarization institution & the China embassy (2 pics)
□For individual investors, passport original is needed
□For individual investor who cannot provide original passport or entity investors, Certificate of investor’s ID should be provided with verification by both local notarization institution & the China embassy (2 pics)
□Credibility letters (bank reference letter) from the investor’s bank overseas to declare a good standing. (2 pics)
□The legal representative's passport copy
□Name of the enterprise (above 5 for selecting )
□Three appointment and authorization letters signed by the legal representative of investor for the legal representative, general manager if any.
□Two copies of identification card (or passport) of the board of the directors, supervisor and general manager of new company with signature if any.
□Leasing agreement over one year with copy of ownership certificate (business purpose)
□Import & export product list with HS code if any
Note: CBIZE consultants will check the materials provided by Party A. For the qualified materials, consultants will mark √, the service shall begin only after all these materials are accepted.