Introduction A wholly foreign owned company refers to foreign companies, enterprises, other economic organizations or individuals (including Hong Kong, Macao and Taiwan investors), in accordance with the law of China established within the territory of China all capital investments by foreign investors. According to the regulation of a wholly foreign-owned enterprise law, set up a wholly foreign owned enterprise must be beneficial to the development of the national economy in our country, adopting international advanced technology and equipment.
Established Time Consulting and designing - 50 working days General trade - 80 working days Manufacturing-type enterprise - 6 months(according to the project)
Established Requirements Investors must be the foreign enterprises or foreign individuals At least one executive director One legal representative One general manager (the three positions can be assumed as the same person) One board of supervisors and one financial personnel(cannot be assumed by the people above mentioned) The minimum registered capital is 100000RMB Need to provide legal proof of address (rental contract, house property, land card) The credit certification issued by bank about investor’s business Notarization and certification documents issued by Chinese embassies and consulates. Investors’ export equipment list and the financial statements Feasibility study report and the application form
Documents Including Name of the approval notice Approval documents and the approval certificate The company's business license and the copy Organization code certificate and the copy and IC card Tax registration certificate and the copy CA certification card A set of company seal and the public security net for the record card Foreign Exchange Registration Certificate The account opening licenses Accountant report Financial registration certificate Customs registration certificate Other relevant filings |