BEIJING WFOE REGISTRATION

If you want to invest in Beijing China , you don't need to go to the relevant government departments for so many formalities, but just turn to Beijing Tannet. Beijing Tannet gives you tailor-made service and serves the world of business, professional and trustworthy.

OVERVIEW OF WFFE IN BEIJING
The WFOE is a Limited liability company wholly owned by the foreign investor(s). In Beijing China , WFOE was originally conceived for encouraging manufacturing activities that were either export orientated or introduced advanced technology. However, with China 's entry into WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well.

THE CONCEPT OF WFOE
The WFOE means the foreign investors (including Hong Kong and Macao investors) established the enterprises within Chinese territory, in accordance with the PRC Wholly Foreign Funded Enterprise's Law, with capital provided solely by the foreign investor. The foreign investors could be the foreign enterprises, individuals or partners. ( including Hong Kong's and Macao 's).

PREFERENTIAL POLICIES
1. The enterprise enjoy tax net profit holidays for the first two years and half tax for the following three years since the company makes profit.
2 .The high-tech manufacturing enterprises in Shenzhen can enjoy more preferential policies.
3. There are some preferential policies esp. for manufacturing when the manufacturers buy the land which would be used as workshop within Chinese territory.
For more information on preferential policies, please don't hesitate to contact Tanent's professional consultants at 86-010-58674406/07
Important Note: The preferential policies for WFFE are valid till January 1 st 2008.

COMPANY'S NAME
In Beijing China , NOT every name will be accepted by the Industrial and Commercial Administrative Bureau (ICAB), known abroad as Company Registry. And in China some sectors need special license. Your company's name must be distinguished from the others' if you want it to be accepted by the ICA .

REGISTERED AND PAID-UP CAPITAL
The registered capitals for trading enterprises are usually required as much as RMB 500,000 or above. For manufacturing enterprises, RMB 1 million or above is required, for consultancy and technology 100,000RMB or above is required. In Beijing China , the registered capital should be paid 15% in the first three months, If the investment is large enough, you can negotiate with the government on the matter.

Tannet PROCESSING STEPS
Step1: Fill in the application form (sign the agreement)
Step2: Entitle the company name
Step3: pay for the earnest money (50% of total)
Step4: submit the needed document
Step5: check the document
Step6: submit all the document to the government
Step7: inform the course to the customer
Step8: finished in the 20-50 working days
Step9: inform the customer to take the document
Step10: pay the spare money
Step11: sign the receipt.

DOCUMENTS REQUIRED
(1) Application for the establishment of a foreign enterprise (signed by legal representative of authorized representative).
(2) Feasibility study report.
(3) Articles of association of the foreign enterprises.
(4) List of the legal representative or members of the board of directors of the foreign enterprises, the certificates of appointment of members of the board.
(5) Foreign partner's commercial certificate of registry valid within one year (if the investment is made in personal name, the personal identification card is required).
(6) The investor's creditability certificate effective within 3 months issued by the bank.
(7) Agreement on the lease of enterprise buildings and office buildings.
(8) The notice on the pre-registration of name approved by the Administrative Bureau for Industry and Commerce.
(9) Other required documents. If the above-mentioned documents were written in foreign languages, a Chinese translation version to be enclosed.

Service content
various written instructions and documents which the registered company relates to //Business license and duplicate //National tax , land tax registration card and duplicate //Apply to scribe the seal register //Corporation memorandum //Written instructions or comments of environmental protection //Enterprise's organization's code certificate (IC card ) / official seal , signet , financial chop.

TIME :
manufacturing enterprises: ,after approve ,40-50 working-day
consultancy enterprises: 40-50 working-day
sales enterprises: 90-120 working-day

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