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Company registration
Wholly Foreign-Owned Enterprise
Wholly foreign-owned enterprise (WFOE) is a limited liability company wholly owned by a foreign investor.
In China, WFOEs were originally conceived to stimulate manufacturing activities that were either export oriented or introduced advanced technology. However, with the entry of China into the WTO, these conditions were gradually abolished, and WFOE is increasingly being used for service providers, such as various consulting and management services, as well as software development and international trade.
· Preliminary consideration of all necessary materials for registration
· Filling out the registration form - download the form
and registering for a visit to the registry
· A personal visit to the registry with our representative to register
the company
· Obtaining a Business License (营业 执照) by our representative and assigning a unified public creditworthiness code & making stamps
Steps of registration:
· Company name in Chinese
· Address (office rental certificate required 房屋租赁凭证, more details in the section "Office rental in China ")
· Field of activity
· Identity document
· Contact details: phone, e-mail, address for sending correspondence.
Documents required for registration:
from 2400 EUR
· Business License (营业执照)
· Company Charter (公司章程)
· General seal (公章), financial seal (财务章), personal seal (私章)
· Tax Instruction
What will you receive after registration:
Note
All documents in a foreign language must be translated and legalized
Joint Venture
A Chinese-foreign joint venture is an economic organization that engages in certain commercial activities, and is also managed by one or more foreign and Chinese investors and carries out independent business accounting and self-financing.
Many industries in China (for example, the chemical industry, engineering, tourism and others) are closed for foreign companies,while a Chinese partner is required for some areas. This is the main reason for opening a joint venture in China.
· Preliminary consideration of all necessary materials for registration
· Filling out the registration form
and registering for a visit to the registry
· A personal visit to the registry with our representative to register the company
· Obtaining a Business License by our representative and assigning a unified public creditworthiness code & making stamps
Steps of registration:
· Company name in Chinese
· Address
· Field of activity
· Identity document
· Authorized capital
· Personal USB tokens
· Contact details
Documents required for registration:
from 2400 EUR
· 2 usb tokens:
· Certificate of account opening (开户许可证)
· Account details with information about the bank, address, account number, SWIFT
· Contact list of bank managers
· Brief instructions on working with a bank account
What will you receive after registration:
Opening a representative office is the fastest and cheapest way to ensure the presence of a foreign company in China. But it is important to consider that the representative office is not an independent legal entity; on its own behalf it cannot conduct independent economic activity
Representative office
· Company Name
· Field of activity
· Business license
· Official seal, financial seal, corporate seal, invoice
· Certificate of account opening
· Export-import license
Documents required for registration:
Requires customs clearance
Does not require clearance
· Company Name
· Field of activity
· Business license
· Official seal, financial seal, corporate seal, invoice
· Certificate of account opening and tax withholding agreement
· Official permission of the foreign economic commission
· Certificate of registration of a foreign trade participant
from 1150 EUR
· Business License (营业执照)
· Company Charter (公司章程)
· General seal (公章), financial seal (财务章), personal seal (私章)
· Tax Instruction
What will you receive after registration:
Steps of registration:
· Preliminary consideration of all necessary materials for registration
· Filling out the registration form
· A personal visit to the registry
· Obtaining a Business License
· Production of seals
· Visit to the tax office
· Visit by the bank director to open a corporate bank account.