Corporate Formation

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ventures or their regional headquarters. Of the 270 transnational and world-renowned corporations that have invested in Beijing, 126 of them are among the world's top 500 industrial giants or service companies. So far, these companies have registered 5,600 representative offices in Beijing, representing more than 80 countries and regions, which is a first in China. All these have laid a solid foundation for the city's further opening up to the outside world. For more information about Beijing, Please visit http://www.investbeijing.gov.cn/english/index.html, http://www.ebeijing.gov.cn The Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor. The foreign company has sole responsibility for its profits and losses. Limited liability is recognized by the amount of registered capital injected into the business. It is required to register as a legal person who is restricted to certain businesses. The enterprise is able to implement strategies that effectively conform to the interests of the parent company abroad. Moreover, technology and know-how are given better protection.
To establish a WFOE in Beijing China, the project shall be examined and approved by the district authorities where the project is to be located. The foreign investor is required to entrust the authorized consultative bodies or agencies with the tasks of application and documents submission for approval.. Capital Contribution: There is a minimum capital contribution required, known as registered capital, which varies according to the nature of business. The registered capital shall be matched with the actual business activities. There is NO real capital requirements since 2014. Investor The foreign investor may be a foreign company, enterprise, other economic organization, or a natural person. (1) For a company/enterprise, the Certificate of Incorporation and Bank Reference Letter are required. (2) For a natural person, the Identity Certificate and Bank Reference Letter are required. -- the Certificate of Incorporation/Identity Certificate --certified by the notary organ and the Chinese Embassy in your country -- the Bank Reference Letter -- issued by the bank in which foreign investor has a working or trading account and
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Corporate Formation

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