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  Home > Service > Company Incorporation > China Company Incorporation > CEPA Foreign Enterprise > Insurance Services Company

Specific Arrangements for CEPA

Hong Kong and Macau service suppliers are permitted to establish wholly-owned enterprises and joint ventures in the Mainland to provide agency services to the Mainland insurance companies.

Requirements for Service Suppliers

  • More than 30 years in running insurance business
  • A representative office established in mainland for over 2 years
  • Total assets as at the end of the preceding year before application shall not be less than USD5 billion
  • Subject to the supervision of local competent authority
  • Meet local solvency standard
  • Approval of their application from local competent authority
  • Other conditions as required by China Insurance Regulatory Commission

Required Documents

  • Application for incorporation, which shall be jointly signed by each partyí»s legal representative for the joint venture
  • Business license
  • Proof of solvency standard and letter of opinions on the application from local competent authority
  • Articles of association
  • Annual reports for the last 3 years
  • Related documents of Chinese applicant for the joint venture
  • Feasibility study report
  • Proposal for establishment and preparation, list of person-in-charge, their curriculum vitae, and certificates of qualification
  • Certificates of service suppliers
  • Other documents as required by China Insurance Regulatory Commission
Sino Corp CPA Limited
17/F., Siu Ying Commercial Building, 151-155 Queen's Road Central. Hong Kong.
Tel: (852) 2191 2999 Fax: (852) 2694 8597