Corporate Formation

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8. Post Incorporation: Having obtained approval from the tax and foreign exchange authorities, you are legally entitled to open Foreign Currency Capital Account and RMB Basic Account. Then you may proceed with capital injection, capital verification and certificates renewal. 9. Information and Documents Required: -- name and address of WFOE; -- WFOE's office rental contract; -- a written application for the establishment of the WFOE; -- the Feasibility Study Report covering items such as technological process, equipments, raw material supply, market survey, economic results, infrastructure facilities, expected profitability, etc; -- the Articles of Association of the proposed WFOE; -- a list containing the proposed chairman and the members of the WFOE board of directors and appointment letters; -- the Certificate of Incorporation of the WFOE investor; -- the Bank Reference Letter of the WFOE investor; -- other documents as may be required by the Approval Authority From 1st October 2016, China Ministry of Commerce has changed the foreign investment approval system into filing system. It means WFOE whose industry is not restricted type or prohibited type can directly start the business registration first and then complete
the filling system on website of Ministry of Commerce. This change has greatly reduce the policy risk when foreign investor plans to start a WFOE in China. After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep Office setting up in China At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China. Business set-up in China is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls Since 2006, Tommy China Business Consulting has been focusing on consulting services for our clients to invest in Beijing China. We are specialized in establishment of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization, Assist in obtaining government approvals and certificates for running business, negotiate and draft various legal documents provide legal advice, negotiate government officer for Land acquisition Advising on formation of WOFE and business structures ,managing and controlling WOFE in Beijing China, drafting privacy policies and structuring commercial transactions TCBC will manage all aspects of incorporation to get you a business license in Beijing China.
Page 1 and 2: How to Set up Register The Wholly F
Page 3 and 4: To establish a WFOE in Beijing Chin
Page 5: of this step, the foreign investor

Corporate Formation

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