WHOLLY FOREIGN FUNDED ENTERPRISE
Hello,welcome to my business world!
Do you have a great mind of running business? Would you like to join my business chat room? Are you ready to start GZ business? If you answers are" yes", pls contact
1. OVERVIEW OF GUANGZHOU Guangzhou is the capital city of Guangdong Province, the political ,economic and cultural center of south China as well as the wholesale market worldwide. It is located in the north of the Pearl River Delta, adjacent to Hong Kong and Macao. Guangzhou has an area of 7,434.4 Square Kilometers and with a population of more than 10 million. Recent years, Guangzhou has paid highly attention on the basic infrastructure and ecological environment construction. It is being considered as an ideal city for investment.
2. THE CONCEPT OF WFOEWFOE 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.
3. COMPANY NAMEIn Guangzhou China, only Chinese company names are officially used, while English company names are for reference only. Not every name will be accepted by the ICAB (Company Registry). It is important that you know the wording of a company name should conform to the registered capital and business activities. The words "international" or "investment" or "industrial" within a company name suggest that the registered capital should be more than RMB 10 million, while a "group'' or "holding" should be more than RMB 30 and 50 million respectively. Your company name must be distinguished from the other registered names.
4. BUSINESS SCOPEThe WFOE can conduct business within its approved business activities described on the business license. We will help you for more business activities during the application. Amending the business scope requires further application and approval. Generally speaking, different business activities are confined according to different business sectors.5. REGISTERED AND PAID-UP CAPITALSIn Guangzhou, the registered capital is equal to the paid-up capital. For the WFFE, the registered capital is usually required at least RMB 1 million. And the registered capital can be paid in one time (within 3 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, 15% of the registered capital is mandatory). The terms of payment is determined by the volume of registered capital. If the registered capital is paid in one time, the fee of paid-up capital verification can be reduced.6. BUSINESS FOLLOW-UP DADA can provide a series of business follow-up services such as monthly bookkeeping and tax return, annual return services, internal auditing, financial planning and tax layout, China policy & market study. Other services include domain name registration, webpage design, website promotion, China trademark registration, Work Permit, Residence Permit, etc. in order to pave a smoother and wider way for your China business success.7. PROCESSING PERIOD FOR WFOE
3-4months
If you have any question, please do not hesitate to contact Hugo. BEST WISHES!
