Malaysia
Hotline: +603-2141 8908
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 for Registration 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
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)
- new Value 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.)
- Can hired Part time
accounting services after WFOE incorporated in China
- All
inclusive Package (Company formation, accounting and audit all included)
- Deregistration
of a company (WFOE) in China (Shanghai, Beijing, Shenzhen, Tianjin, Ningbo)
Contact us:
If you have further queries, please contact Tannet.
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Shenzhen hotline：86-755-
36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my