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Apply for Operation Licenses
- Only for specific industries: import & export, food, wine, catering, recruitment, medical instrument, dispatching, telecom, e-commerce platform, etc.
Import & Export Licenses
When you need to import and export goods in China, the company shall be registered in the Ministry of Commerce, Customs, Foreign Exchange Bureau, and E-port system after obtaining a business license. There are advantages if you have import and export licenses. Such as signing contracts with foreign companies directly, receiving and paying foreign currency directly, skipping trading agents to save costs and improve efficiency, getting VAT rebates for export, etc.
Food Operation License
To sell food and wine, open a restaurant, or provide catering services, the company shall apply for a food operation license. According to the size and category of the food business, a specific office/shop, warehouse, and suitable equipment are required. In some cities, an alcohol business license is required for a company to sell wines
Medical Instrument Operation License
There are three categories of the medical instruments operation license according to the usage of the instruments. The company shall hire professionals and find a suitable office and warehouse to prove its capabilities. The authority will inspect the places and interview the employees.
ICP, EDI, and Call Center Licenses
To provide e-commerce platform services, a company shall apply for an Electronic Data Interchange (EDI) license.
An Internet Content Provider (ICP) license for online content and online advertising services is not accessible for a WFOE. A foreign investor must find a Chinese partner to incorporate a JV instead of a WFOE.
A WFOE, which is registered in Free Trade Zone, is allowed to invest a Call Center.
HR Service License
According to the new Foreign Investment Law taken into effect on 1st Jan. 2020, the WFOE is allowed to set up wholly-owned talent intermediary institutions. Before this, a foreign investor should find a Chinese partner who must hold at least 51% shares in the Joint-Venture Company. Under the new Foreign Investment Law, the authority amended the regulations of HR services, A foreign-funded talent intermediary agency, and a Chinese local company are treated as the same.
Frequently Asked Questions
In China, there are several operation licenses for specific industries. Sinovest will understand your business in China and advise the suitable operation license for your company.
For different operation licenses, the authority could request certain registered capital, paid capital, size of the office, employees, etc. Sinovest will clarify the requirement to you before the company registration to avoid any potential issues and save your time.