The following procedures are required:
1. Approval of the board of directors of the parent company;
2. Verified by an accounting firm;
Third, register with the industrial and commercial authorities.
If you only set up a branch, you can only allocate funds, but all legal acts of the branch must be borne by the parent company; To set up a parent company of a branch, it is necessary to apply for the business license of the branch at the Industrial and Commercial Bureau, but the branch does not have the qualification of a legal person, and all legal acts shall be undertaken by the parent company; If an independent company is established, it is subordinate to the parent company, but in fact it is independent accounting, and it must go to the industrial and commercial bureau to apply for a business license.