Can a newly registered company join Shopee? What are the regulations?

Joining Shopee has become one of the three major choices for merchants on cross-border foreign trade platforms. Many merchants have seen the opportunities of this platform, so they have registered new companies to join. Then, can newly registered companies open stores? After all, there is still a threshold to join Shopee.

What are the regulations?

Yes, there is no time requirement. As long as the information prepared during registration is true, the store can be registered. As for other conditions, you need to have experience on other platforms and three months of transaction screenshots, and the number of products must meet the requirements before you can apply to open a store normally.

Let me tell you about them separately:

1. Business license. The license can be a company license or a self-employed business license. It is OK as long as you have one. The license is only used when entering the market. It has nothing to do with the license later. In addition, the company license and self-employed business license are the same for the shops. There is no difference.

Some people have asked, if the store is successfully opened, can the license be cancelled? It is not recommended to cancel it. Although it is only used for store opening certification, there may be a review later, so it is better to keep it.

2. Legal person certificate, that is, the certificate of the person whose name is on the license. There is no need to explain too much. If you purchase the information, you must ask them to provide a short video of the legal person holding the certificate, because you will be asked to provide it during some audits!

3. Cash flow can be divided into two types. One is domestic cash flow, which is commonly used by Taobao, JD.com, Pinduoduo, Suning, etc.

It should be noted that transactions on social e-commerce platforms such as TikTok are not included in China, because the authenticity of such transactions cannot be verified.

The other type is cross-border cash flow, including common platforms such as Asia and Speed, which are all cash flow platforms recognized by Shopee.

It should be noted that there are certain requirements for bank statements. The bank statements must be from the last three months. For example, if you apply in December, you must provide bank statements from September, October, and November. There is no high requirement for the amount of bank statements, as long as they are there. Therefore, there are also requirements for the time. Don't submit bank statements that are too early or you will not be approved. Only recent bank statements can prove your business status.

In addition, the SPU of the store that requires the turnover must be greater than 50, otherwise it may not be passed. Although this is not a mandatory requirement, I believe that we can try our best to meet it. Just submit it in the form of a screenshot.

Therefore, newly registered companies can settle in Shopee. You just need to make sure that your license information is true and valid. Then, if you have operating experience and cash flow from other platforms, and the product quantity meets the requirements, you can successfully open a store on Shopee.