Procedure of Open a Wholly Foreign Investment Company in Guangzhou, China (2017)
Some people want to set up a WOFE to startup business in China.
Below are the steps need to finish:
Step1. Company Name checking and approval
Step2. Business address determination
Step3. Approval by Bureau of Foreign Trade to get the setting-up-permit
Step4. Approval by Industrial and Commercial Department to get Business License
Step5. Approval by Tax Department to get Tax Certificate
Step6. Open bank account
If your company involved in export or import goods, you need to finish Step7&8
Step7. Approval by Chinese Administration of Exchange Control
Step8.Get the import and export license from Customs
If your company involved in selling foods in China, you need to finish Step9
Step9. Get the Food distribution license from FDA(Food and Drug administration)
To set up company in Guangzhou, China, there are the Documents Needed from Investors:
Step1.
? Your favorite Chinese company names ( We can help to get a Chinese name as your will )
? Your Business scope (Tell us want you want to do by this company)
? The copy of Investor’s Passport and Visa or Business License which is attested by Chinese Embassy stating it is authentic
If there is only one investor for your company, we still need another passport as the supervisor as the law required.
? Number of investment as Equity in USD
? Your phone number, email address,Contact address in China.
Step2.
? Lease contract
? Landlord’s recording reference
(1)We can help you to get a virtual office in Guangzhou if you don’t want to rent an office, It’s free for two years since 2017.
(2)To get the two years free virtual office, we need you give me a contact address, The name and phone number of the owner of contact address in Guangzhou City.
(3) Need owner go to the office and sign a contract of the virtual office address.
Notice: From Jan.01 2016, If a company want to get a VAT refund from sell goods China, a real office is required, because Guangzhou Tax Department require the company who want to get a VAT refund must rent a real office. So now the virtual office is suitable for those companies who want to sell their goods or provide service in China)
Step3.
? Article of incorporation (Dan&Young can prepare it for you)
? Name list of the Board of Directors
? All the investor’s Passport and Visa or Business License which is attested by Chinese Embassy stating it is authentic
? Sign the application form
? Sign delegation letter(Dan&Young can prepare the letter and deliver it to you for your signature)
Step4.
? Sign the application form and Sign delegation letter
? Article of incorporation
? Investor and supervisor’s Passport and Visa(Original)
or Business License which is attested by Chinese Embassy stating it is authentic
? Lease contract
? Landlord’s recording reference
(Dan&Young can prepare all the form and deliver to you for your signature)
Step5.
? Sign the application form
? Sign delegation letter
? Lease contract
? Landlord’s recording reference
? Investor’s Passport and Visa or Business License (original) which is attested by Chinese Embassy stating it is authentic
? Article of incorporation
(Dan&Young can prepare all the form and deliver to you for your signature)
Step6.
? Investor’s Passport and Visa
? Business license of your Chinese company
? The owner of company need to go to Bank to submit the application form.
Step7. Step8.Step9.
? Sign the application forms for each permit
(Dan&Young can prepare all the form and deliver to you for your signature)
Working days taken in the steps:
Step1. About 5 work days
Dan&Young Business Consultancy
Step2. About 2 days
Step3. About 15days
Step4. About 7 days
Step5. About 2 days
Step6. About 10days
Step7+8+9. 35days
Documents you will get after registration
1. Business License
2. Approval Letter from Bureau of Foreign Trade
3. Chop of Company, Chop of Finance, and Chop of the legal representative
4. Bank Account Opening License
If you finishe Step7-8, then you will get:
5. UKey for import and export goods from Chinese Customs
If you finishe Step9, then you will get:
6. Food distribution license
Related article:
http://www.startupbusinesschina.com/how-can-i-work-in-china/
