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 is 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 decided 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 investor 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)
Tannet Malaysia provide various of one stop business solution to those who are interested to venture into Asia Market, especially to China Market. Our services included commercial secretary services (receptionist), virtual office, offshore bank account opening, documentation management and etc. Kindly contact us for more information if you are interested!
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