Foreigners set a WFOE in Guangzhou
Oct 27, 2016 02:39
guest21365 Foreigners set a WFOE in Guangzhou

Firstly, it is necessary to make it clear what is the definition of a wholly foreign owned enterprise. It is a limited liability company wholly owned by the foreign investor(s). The foreign investor(s) can be a nature person or a legal entity, including those from Hong Kong, Macau and Taiwan.

Generally speaking, for manufacturing and trading enterprise, the registered capital is required RMB 1 million or above. Once the business license is issued, 15% of the registered capital should be paid up during 3 months, with the balance being remitted within 2 years. All of the registered capital can be paid in one time or several times.

Government Processing Procedure

1、Name registration with Guangzhou Administrative Bureau of Industry and Commerce
2、Approval application from the Fire and Environment Bureau for manufacturing industry
3、Pre-approval for some special industries
4、Certificate of Approval issued by Bureau of Foreign Trade and Economic Cooperation of Guangzhou Municipality
5. Business License issued by Guangzhou Administrative Bureau of Industry and Commerce (GZABIC).
6、Apply for stamps with the Public Security Bureau
7、Organization Code License issued by Quality and Technical Supervision Bureau
8、Tax Certificates issued by National & Local Tax Bureau
9 Foreign Exchange Registration Card issued by State Administration of Foreign Exchange (SAFE)
10、Apply for the permits for the bank account opening,open foreign currency and RMB account
11、Financial Registration Certificate issued by Finance Bureau.
It seems little complexity,even though,all the customer’s trouble is not our trouble. So just contact us. Consultant:Eric Tel:86-18902255670 Email:|timely23 Add:Room924,Office Tower,Garden houtel,No368,Huanshidong Rd. Yuexiu District,
Jul 10, 2017 22:38
GUEST06146 Hi, we are Grace Commerce Ltd. locate in Guangzhou, China.

We are a professional company to help foreign companies to expand their business in Guangzhou.

Therefore, we provide perfect serviced offices in the heart of Guangzhou CBD.

We believe that the perfect working environment and location can better help companies to expand their business in Guangzhou, China.

Many famous companies such as Uber, Orange(France Télécom S.A) has already used our offices and other services. If your company or any other companies are planning to start up their business in Guangzhou, we believe that we can have a win-win cooperation.

Hope to hearing from you.

Kind regards.
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