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Wholly foreign-owned enterprise The current position:Home > Wholly foreign-owned enterprise

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

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