I. Qualifications:

1. The parents of the child are foreigners;
2. If one of the parents is a Chinese citizen, the Chinese citizen must be a Shanghai resident or applied for going abroad in Shanghai.

II Formalities:

• Where the parents are foreigners:

1. Submitting the copies of the passports of the parents;
2. Submitting the original and the copy of the Certificate of Birth in Shanghai of the child (including the attached page);
3. The original of the valid passport of the child;
4. Submitting the official letter of application of the unit and the original of his or her passport, if one of the parents works in Shanghai;
5. One recent 2-inch half-length, bareheaded and full-faced photograph.
6. Such child must go through such formalities within one month as of the birth.

• Where one of the parents is a Chinese citizen, the child should first go though the nationality examination and then apply for emigration papers:

1. Submitting the original and the copy of the Certificate of Birth in Shanghai of the child (including the attached page);
2. The original of the valid passport of the child;
3. The copies of the passports or identity certificates of the parents.
4. Such child, when applying for emigration papers, should submit additional three recent 2-inch half-length, bareheaded and full-faced photographs and the Nationality Examination Conclusion Form.

III. Business Hours and Place:

Monday-Saturday 9:00-17:00

Note: Credentials are handled alone on Saturday.

1500, Minsheng Road, Pudong New Area

IV. Time Limit of Handling and Winding Up a Case: 5 working days

V. Fee Standard: Free for nationality examination; charging according to the fee standard for credentials for emigration papers.

VI. Information Telephone: 28951900

VII. Supervision Telephone: 68547109

According to Company Law of the People’s Republic of China, Regulations of the People’s Republic of China on Administration of Registration of Companies and Regulations of Annual Inspection for Enterprises, from January 1st to April 30th every year, SHAIC takes an annual inspection on foreign investment enterprises in Shanghai. 

The way of the annual inspection for the foreign investment enterprises in Shanghai is called joint annual inspection, which means that during the inspection, SHAIC, together with other six administrative institutions (namely Shanghai Foreign Trade and Economy Committee, Shanghai Foreign Investment Working Committee, Shanghai Municipal Financial Administration, Shanghai Municipal Administration of State (Local) Taxation, Shanghai Custom and Shanghai Administration of Exchange Control), sets a fixed venue, accepting the declaration of annual inspection materials from enterprises. 

The foreign investment enterprises with its local branches shall begin to take part in the annual inspection from the next year of being registered in Shanghai. 

The foreign investment enterprises shall first come to the register authority by February 15 each year to apply for the annual inspection report form by holding business license (an original and a duplicate) and IC card (e-business license), and then during the month of April submit all the annual inspection materials to the joint inspection venue.

The annual inspection report form can be downloaded and submitted via www.sgs.gov.cn. 

Foreign Enterprises with contracting and management activities in Shanghai and the Shanghai branch of foreign investment enterprises registered in other provinces could declare annual inspection materials directly to the register authority instead of participating in the joint annual inspection. 

Shanghai foreign investment enterprises registered at State Administration for Industry and Commerce (SAIC) shall declare annual inspection materials to SAIC.

I. Establishment of affiliate of foreign investment enterprise

1. Requisition for affiliate or agency of foreign investment enterprise signed by legal person.
2. Notice of original registration authority of affiliated enterprise
3. Resolution of board of directors
4. Copy of Business License of affiliated company
5. Appointment letter of the affiliate’s charge
6. Contract of house leasing (lease for more than one year ),and real estate certificate
7. Other pertinent documents

II. Alteration of affiliate of foreign investment enterprise

Alteration of the name

1. Requisition for alteration of the affiliate’s name signed by legal person
2. Application form for alternation of the affiliate signed by legal person
3. Copy of approval notification of affiliated company’s name
4. Copy of Business License of affiliated company
5. Business License
6. Other pertinent documents

Alteration of domicile

1. Application form for alteration of the affiliate signed by legal person
2. Requisition for alteration of the affiliate’s residence signed by legal person
3. Contract of house leasing (lease for more than one year ),and real estate certificate
4. Business License
5. Other pertinent documents

Alteration of the charge of the affiliate

1. Application form for alteration of the affiliate signed by legal person
2. Appointment letter of the affiliate’s charge and identification certificate
3. Business License
4. Other pertinent documents

Alteration of business scope

1. Application form for alteration of the affiliate signed by legal person
2. Requisition for alteration of the affiliate’s business scope signed by legal person
3. Business License
4. Copy of Business License of the affiliated company
5. Other pertinent documents

III. Cancellation

1. Application letter for cancellation of the affiliate
2. Business License
3. Resolution of board of directors (Stock Co., limited should submit resolution of shareholders)
4. Seal
5. Other pertinent documents

Only cooperation form of registration is allowed, JV and wfoe forms are not allowed.

I. Investors’ qualification

1. requirements for foreign collaborators’ qualification
   1)    advanced professional technology and good reputation,
   2)    with annual income not less than 20 million USD,
   3)    with audit professionals not less than 200 people.
2. Requirements for Chinese partners’ qualification
   1)    good professional level and service prestige,
   2)    independent legal entity,
   3)    related qualification to engage in securities business,
   4)    with annual income not less than 10 million rmb,
   5)    with audit professionals not less than 100 people. 

II. The examination and approval procedures

1. Chinese partners shall submit application to shanghai bureau of usurers, the application will be forward to Chinese institute of certified public accountants after preliminary examination and consent. The China institute of certified public accountants will submit the application to ministry of finance after the examination for approval.
2. Chinese collaborators shall submit the application papers to Commerce Committee of Shanghai after received approval from ministry of finance. After preliminary examination report the application papers will be forward to MOFCOM to issue approval if agreed.
3. The applicant shall perform registration at administration of industry and commerce and obtain business license within 1 month after the approval received. 

III. Filing documents

1. the Chinese collaborators shall submit the following documents to Shanghai bureau of usurers:
   1)    application letter,
   2)    the feasibility study report and approval certificate issued by ministry of finance, cooperation  agreements, business cooperation contract, articles of association,
   3)    resumes and supporting documents of members of the board of directors to be established,
   4)    resumes and supporting documents of the proposed senior management personnel,
   5)    resumes, relevant certificate’s copy and list Chinese CPA intend to work in the form,
   6)    lease agreement and property certificate of the office space,
   7)    copies of the business licenses of all parties,
   8)    proofs of capital deposit of each party.
2. The Chinese collaborators shall submit the relevant documents below to Commerce Committee of Shanghai after received approval from ministry of finance:
   1)    application letter of the establishment of a Chinese-foreign cooperative accounting firms,
   2)    feasibility study report and the approval documents issued by ministry of finance,
   3)    cooperation contract, articles of association signed by all the parties,
   4)    list of  the chairman, deputy chairman, director candidates and appointment letters,
   5)    lease agreement and property certificate of the office space,
   6)    copies of the business licenses of all parties,
   7)    proofs of capital deposit of each party,
   8)    other required documents.

IV. Principles of examinations and approvals

1. The project can introduce advanced management experience and technical equipment and the general international accounting standards in auditing industry.
2. Chinese staff can enjoy related training in accounting, finance, auditing, tax consulting, project management and evaluation of assets.
3. business scope include: provide services to domestic and foreign enterprises including auditing, verification of capital, tax consulting, foreign investment consulting, management consulting service, assets appraisal (should apply to the state-owned assets administration department for asset appraisal qualification before related operations), and other related services at the request of customers.
4. Both parties in the new accounting firm shouldn’t engage business in the name of original firms after the establishment.

V. The branches

1. The firm that will apply to set up an branch firm should meet the requirements below:
   1)    the board of directors is running in proper way,
   2)    general managers of Chinese and foreign parties are capable of function continuously,
   3)    among the manager staffs the amount of Chinese managers should not be less than 50%,
   4)    there was no bad records in its operation conforming to the relevant provisions in last 3 years,
   5)    no illegal and irregularities records in last 3 years.
2. The branch firm should fulfill the following conditions:
   1)    There should be more than 10 Chinese full-time staff within stipulated age among all the employees including at least five China CPAs.
   2)    necessary operating funds,
   3)    fixed office premises.
3. The firm should submit the following application documents for establishment of the branch firm:
   1)    application letter,
   2)    a written report stating that the firm and branch firm can both fulfill the above-mentioned requirements,
   3)    appointment letter of superintendent issued by the board of directors of the firm,
   4)    list and resumes and relevant certificates of Chinese CPA and managing staff of both parties,
   5)    property certificate and use proof document of the office premises.
4. principles of examinations and approvals of establishments of branch offices:
   1)    the branch firm shouldn’t established in the same province area where the headquarter locates,
   2)    the branch firm doesn’t has independent legal entity, and should engage business in the name of its headquarter, accept the supervision and guidance; the headquarter should take responsibilities of its branch firm’s operating. The superintendents of branch firm should be appointed by headquarter, and the list should be reported to China CPA Institute.
   3)    Branch firm’s names should be put in the way like “headquarters’ name + the name of location + branch firm’s name”,
   4)    The examination and approval procedures of establishment of branch firm are the same as that of headquarter.
   5)    The permanent establishment of foreign accountants’ institution shall be revoked in three months if it’s been established in the same area as the branch firm.

VI. Legal basis

The national development and reform commission, ministry of commerce of the foreign investment industrial guidance catalogue (30 November 2004 and 2005 released on January 1)

The national Treasury Chinese-foreign cooperation interim measures for the administration of certified public accountants (1996) released on March 28.

What you can know and understand from notifications are as following.

• What you can do and can’t do, and why. Usually you will find related legal basis.
  
• A list of needful materials to apply for what you want.
  
• How many working days will it cost for the application.
  
• How much money will it cost?
  
• Which government department will in charge of issuing approval that you need?
  
• Contact information such as phone number, address, working hour. 

For further information or templates of legal documents in the notifications please contact us.

• The lists in this page consist of companies’ information that you can chose from for your M&A demands.
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