Hong Kong Company Formation HSBC website login. Call: 86400 6017 175
Hong Kong Company Formation | Offshore Company Formation
Share |

China Company - Wholesaler

Home > China Company Formation > Wholesaler

China Company - Wholly Foreign Owned Enterprise - Wholesaler

  • Below cost and fee are examples and applicable only to big cities like Shanghai (SH) and Beijing (BJ) AND SHENZHEN.
  • Cost and fee for other cities need to be quoted per request.
  • a) Business Nature
  • Business scope : wholesaler, commission agent (except auction), import and export, other business trading business, Generally, it’s better to engaged in one or two big sort goods which need record the goods’ Customs H.S. code in application.
  • b) General Information
  • 1. Registered Capital
  • -- It should be depending on the feasibility study and 100,000 RMB at least ;
  • -- The registered capital can use to cover all expensed which happens on WFOE. If the WFOE will have no income in the first two years, the Registered capital is better to cover the two years' expense ;
  • -- The registered capital should be above 800,000RMB, and then WFOE can apply the 17%VAT invoice as the general tax-payer qualification. Since getting this qualification, WFOE can enjoy the tax rebating and VAT deduct ;
  • -- 20% should be arrived to WFOE's bank account in first three month. The balance should be arrived within 2 years.
  • 2. Registered Address
  • -- The company should rent the office which is 30 sq.m. at least.
  • 3. Time Schedule
  • -- Around 3 and half months for whole procedure. The business licenses can be got in one more months after all the documents prepared.
  • 4. Tax Policy
  • -- Business tax : Value added tax 17% (small-sized enterprise, The amount value’s 6% ) ;
  • -- Profit Tax Rate : 25% .
  • 5. Other
  • -- It can be set up branch office and company in same and other city.
  • -- Since some document like Bank reference and Legalization / notarization document for mother company is required.
  •      Bank reference :
  •      -- At least " no bad record" shown in the bank reference ;
  •      -- Other requirement depends on the project.
  •      Legalization / notarization document :
  •      -- The document should have two copies ;
  •      -- The document should include company license, company article, company shareholder and director info depending on the project ;
  •      -- The document should be processed on the mother company's local Chinese Embassy. Normally, it may cost no definite time depending on the local Chinese Embassy.
  • c) The Required Documents (as reference)
  • Prepared by client
  • -- Five enterprise's name (Chinese) to be prepared for new company ;
  • -- The copies of Business license or certificate of incorporation or Commercial Registration and Brief Introduction of investor ;
  • -- The company introduction ;
  • -- The business plan within three years of New company included Sales Quantity& Sales amount for each product, business mode ;
  • -- Business scope & products list ;
  • -- The passport copy and address and nationality of the legal representative of the investor or Director member’s ;
  • -- The resume and four photos (one inch ) for legal representative ;
  • -- The supervisor’s passport copy ;
  • -- Lease Agreement for the WFOE to be established. (Copy, The contract must be for not less than one year) and the property right certificate of the owner(copy with the seal).
  • Certifying the contract by the estate bureau depending on the registration location
  • -- Bank Reference Letter. This letter should be issued by a non-Chinese bank that has business relations with the foreign enterprise with validity of six months ( Original in pcs ).
  • -- Embassy Certificate: The business license should be certified by Chinese Embassy in investor country.
  • HK company: The HK company’s license certified by Chinese Law service (HK) company.
  • -- The audit report for investor from accounting firm in nearly year. (Original in 1) ;
  • -- Products list for import & export ( Original in 3pcs).
  • Prepared by Us
  • -- Application Letter ( original in 2pcs ) ;
  • -- Director member list for new company ;
  • -- Appointment letter ( Original in 4 for each one) ;
  • -- The Article of association
  • -- Feasibility study report
  • -- Estimated the total investment value and its assignment, estimated register capital
  • -- Entrustment Agreement
  • -- Foreign Investor Enterprise Establishment Application letter from government
  • -- Other application documents making

Wholesaler Others Infomation

Hong Kong Company Formation,offshore company formation - To ask us a question.