Detailed explanation of cross-border e-commerce company registration process and overseas IPO registration location
With the rapid development of the global economy, the emergence of cross-border e-commerce has effectively promoted trade globalization and economic integration. For enterprises, the open and three-dimensional economic and trade model of cross-border e-commerce promotes the optimal allocation of multilateral resources and the mutual benefit and win-win results of many enterprises, and also broadens the path to enter the international market.
Process of registering a cross-border e-commerce company
Name review
First, the company needs to conduct a name review. This process can be carried out by visiting the Industrial and Commercial Bureau website or going to the Industrial and Commercial Bureau window. In order to increase the passing rate, it is recommended to add some rare words to the company name.
Submit materials and real-name authentication
Next, submit relevant materials and confirm the identity of the legal person and shareholders through real-name authentication. As long as you ensure that there are no illegal activities during the identity verification process, you will generally be able to pass the review smoothly.
Get a license
Once the submitted information is reviewed and approved, you can wait for the notification to receive the business license.
Seal engraving
After obtaining the license, you need to register with the Public Security Bureau and customize seals, including but not limited to company seals, financial seals, invoice seals, etc.
Open a bank account
Company legal persons need to open a basic account in a bank.
Tax type assessment
According to the company’s operating characteristics and business scope, accurately determine applicable taxes, such as value-added tax, corporate income tax, personal income tax, urban construction and maintenance tax, education surcharge, stamp duty, etc. Only after the tax type verification is completed, the company can declare taxes normally and perform invoice operations.
Sign a tripartite agreement
Companies can sign tripartite agreements with banks and the State and Local Taxation Bureau through the Internet.
Invoice receipt
The last step is to purchase tax control equipment and apply for an invoice from the tax bureau.
Overseas IPO registration location
British Virgin Islands (BVI)
The British Virgin Islands is one of the world’s leading offshore financial centers, known for its low tax rates, free currency settlement and high degree of information confidentiality. It consists of the islands of Tortola, Virgin Gorda, Anegada and Josted Van Dyke. Although the BVI company itself cannot be directly listed on the Hong Kong Stock Exchange or the New York Stock Exchange, it can achieve indirect listing by setting up a BVI company and then holding a Cayman or Hong Kong company.
Cayman Islands
The Cayman Islands is also a famous offshore financial center, consisting of three islands: Grand Cayman, Cayman Brac and Little Cayman. Similar to the BVI, the Cayman Islands is also exempt from corporate tax, property tax, capital gains tax, inheritance tax and gift tax. The shareholders, directors and other information of Cayman companies are protected by the “Confidentiality and Preservation of Relationships Law” and enjoy a high degree of privacy. Compared with the BVI, Cayman is more stringent in information disclosure and can be directly listed on the Hong Kong Stock Exchange and the New York Stock Exchange, making it more suitable for registration of companies wishing to list overseas.