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Suzhou Company formation ----WFOE

Update Date:2018-1-12 11:26:03     Source:www.3737580.com     Views:997

Suzhou Company Formation

Hotline: 86-755-82148419, Email:Info@citilinkia.com

Establishing a Wholly Foreign Owned Enterprise in Suzhou:

Popular districts by PtC's clients in Suzhou: Suzhou industry park, Suzhou Hi-Tech Park (Huqiu)Registered capital: No. minimum registered capital is required for WFOEs with scope of business of consulting, Trading, retailing, information technology etc. in Suzhou industry park. There are minimum registered capital still required for some sectors, for instance: Banking, Forwarding, education etc.

 

Since Suzhou still maintains foreign currency control policy, it's still advisable to choose registered capital within RMB 100,000 (approx. Euro 11,600 or USD 15,000)- RMB 500,000 (approx.Euros 58,000 or USD 75,000) as the minimum registered capital for Consulting WFOE, Service WFOE, Hi-Tech WFOE registration in Suzhou. (Investor could inject the above capital within 5 years or even 10 years) For instance, a client from Europe decided to use PtC's service to form a consulting WFOE in Suzhou. The investor deceide to invest RMB 300,000 (approx.Euros 35,000 or USD 50,000) to this company in Suzhou. According to the latest regulation that the invest could choose to inject the capital within 5 years and the initial paid-up capital could be 15% of the registered capital. After the investor obtained business license of their China WFOE, investor injected Euros 5,250 (USD7,500) to their China company's bank account, and started to use the capital to pay for all expenses related to the business. And to inject the remaining capital within 5 years.

Documents Required & Registration Procedures of WFOE

Condition(s):Our suggested minimum capital for consulting WFOE, Service WFOE, IT WFOE: RMB 100,000 - 300,000. Approx. USD$ 50,000 or Euro 35,000. (15% as initial paid-up within 3 months and the balance 85% could be injected within 5 or 10 years)

 

For Trading or Manufacturing WFOE registration in Suzhou, our suggested minimum capital is USD 80,000 or 58,000 EURO (15% as initial paid-up within 3 months and the balance 85% could be injected within 5 or 10 years)

 

For Food & Beverage WFOE registration in Suzhou, the minimum registered capital would be RMB 300,000 - 500,000 (15% as initial paid-up within 3 months and the balance 85% could be injected within 5 or 10 years

 

Below is the required documentation for WFOE formation in Suzhou. (Item 1,2,7,8 should be prepared before visiting Suzhou:

 

Registration Procedures

Foreign investors are not permitted to directly submit the application documents of incorporate a WFOE to the relevant authority in Suzhou. They must retain a PRC entity that is authorized or permitted by relevant authorities to act as a sponsor. The sponsor will submit all the documents to the examination and approval authorities on behalf of the foreign investor. Procedures for setting up a

 

Wholly Foreign Owned Enterprise in Suzhou are the following:

Name registration with Suzhou Administration of Industry and Commerce (SAIC)

Certificate of Approval by Suzhou Municipal commission of commerce

Apply for Business License with SAIC

Chops made by Public Security Bureau (PSB) of Suzhou

Organization Code License by Suzhou Technical Supervision Bureau (TSB)

Tax Certificate by Taxation Bureau of Suzhou

Registration and Approval with State Administration of Foreign Exchange (SAFE)

Open foreign currency and RMB bank account

Inject capital from investor’s overseas bank account

Capital Verification Report by Certified Public Accountant (CPA)

Apply for permanent Business License with SAIC

Financial certificate registration

Statistics license registration

Import/Export license (applicable for Trading & Manufacturing WFOE)

newValue Added Services: 3 months accounting serivces for free

 

More information about WFOE:

Introduction of wholly foreign owned enterprise (WFOE)

Documents Required & Registration Procedures of WFOE

Fees for WOFE Registration (Shanghai, Beijing, Shenzhen, Tianjin, Hangzhou, Ningbo etc.)

iconPart time accounting services after WFOE incorporated in China

new1 Year All inclusive Package (Company formation, accounting and audit all included)

Deregistration of a company (WFOE) in China (Shanghai, Beijing, Shenzhen, Tianjin, Ningbo)

 

Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com

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