A.     Basic information：

a)     Company name: `Chinese Name` + `Talents intermediary` + (Shanghai) Co., Ltd.

b)     Business duration: 30 years

c)     Business scope: Collection, collation, storage and release of supply-demand information on jobs and consulting services, job referral, recruitment, talents assessment. (it subjects to the final approval of the authority)

d)     Registered address requirement: ordinary office space should be no less than 50 square meters which can be used for registration purpose

B.     Application schedule：

a)     Application of Company Name with competent Administration of Industry and Commerce (3 working days)

b)     Application of with competent human resource and social security bureau (25-30 working days)

c)     Application of Approval Certificate with competent Commission of Commerce (20 working days)

d)     Application of Business License with competent Administration of Industry and Commerce (5 working days)

e)     Carve the seal (2 working days)

C.     Requirements：

a)     Hong Kong and Macau investors may set up a wholly foreign-owned talents intermediary company in the mainland with the registered capital of no less than US$125,000. No requirement on equity proportion is set on any joint talent intermediary in the mainland set up by a service provider from Hong Kong or Macau, and shall meet following requirements.

• Chinese investors shall be talents intermediaries established over three years ago, while foreign investors shall be foreign companies, enterprises and other economic organizations provider talents intermediary services for over three years;
• Includes five people with academic certificates at or above the junior college level and registered qualification certificate for talents intermediary services.

b)     The foreign investors (other than Hong Kong and Macau investors) only allowed to set up joint venture talents intermediary company, and shall meet following requirements

• Chinese investors shall be talents intermediaries established over three years ago, while foreign investors shall be foreign companies, enterprises and other economic organizations provider talents intermediary services for over three years;
• Includes five people with academic certificates at or above the junior college level and registered qualification certificate for talents intermediary services;
• Registered capital of a sino-foreign joint talents intermediary shall not be lower than US$300,000, with the contribution proportion of the Chinese investor to be not less than 51% and that of the foreign investor to be not less than 25%, For the company registered in Pudong New Area, contribution proportion of the foreign investor can be reach to 70% at most.

c)     Application requirements in the Shanghai Free Trade Zone

• Hong Kong and Macau investors may set up a wholly foreign-owned talents intermediary company;
• The contribution proportion of the foreign investor (other than Hong Kong and Macau investors) can be reach to 70% at most.
• The minimum registered capital is US$125,000