Malaysia Hotline: +603- 2141 8908
Xiamen,
as an important economic city Fujian Province, locates in the eastern coastal
region of China. It enjoys natural advantages in developing its economy. It on
the west coast of the Taiwan Straits, and is separated from Quemoy Island only
by a narrow strip of water. Xiamen is a traditional trading port in southeast
China and a famous tourist coastal city as well.
China - Xiamen WFOE Corporate
Registration
WFOE
stands for wholly foreign owned enterprise, which is a limited liability
company wholly owned by either a foreign legal entity or a foreign natural
person. The foreign investors may be foreign enterprises or individuals from
Hong Kong, Macau, Taiwan or overseas.
China – the time frame of
registration for Xiamen WFOE Corporate Registration
1) For manufacturing enterprise: it takes
60-80 working days upon completion of required documents, especially the
approval papers from the fire & environmental protection bureaus.
2) For the trading enterprise: it takes
60-100 working days upon completion of required documents.
3) For the Consulting and technology
service: it takes 60-100 working days
upon completion of required documents.
4) It takes longer time for the
application of the import and export license or VAT qualification license.
China - Registered and paid-up
capitals of Xiamen WFOE Corporate Registration
In
Xiamen China, different business sectors are subject to different requirements.
In general, the registered capital could be as low as RMB 30,000. In Xiamen,
the registered capital is equal to the paid-up capital.
For the
trading enterprise, the registered capital is usually required RMB 500,000 or
above.
For the
manufacturing enterprise, the registered capital is usually required RMB 1
million or above.
For the
service sector, such as consultancy, technology, market research and
development, the registered capital is usually required RMB100, 000 or above.
All of
the registered capital can be paid in one time (within 6 months after the date
of the issuance of the Company's business license) or be paid for many times
within two years (In the first 3 months, 20% of the registered capital is
mandatory). The terms of payment is determined by the volume of registered
capital.
China - Procedures of Xiamen WFOE
Corporate Registration
1) Check the company name with local ICAB
2) Pre-approval for some special sectors
3) Go to Bureau of Trade and Industry for
certificate of approval
4) Apply for the business license from
ICAB
5) Apply for stamps from the Public
Security Bureau
6) Apply for the Organization Code License
from Bureau of Quality and Technical Supervision
7) Apply for the registration licenses
from National & Local Tax Bureau
8) Apply for the Certificate of Statistics
from State Statistical Bureau
9) Apply for the permits for the bank
account opening from bank authorities;
10) Apply for Foreign exchange IC card &
registration license from National Administration of Foreign Exchange
11) Open the saving account with the bank
(current account could be opened later);
12) Apply for the Import & Export
registration license from local Customs (if needed);
13) Apply for Financial Registration for
enterprises with Foreign Investment from Financial Department
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my