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How to Register a Trading Company (WFOE / WFFE) in Guangzhou

Blue Trust Co.Ltd
Blue Trust Co.Ltd
City: Guangzhou
Province/State: Guangdong
Country/Region: China
Tel: 134 3429 5601
Contact Person:
Miss Catherine Nie

How to Register a Trading Company (WFOE / WFFE) in Guangzhou

Brand Name : Blue Trust
Model Number : Blue Trust
Certification : BlueTrust
Place of Origin : China
MOQ : 1
Price : USD + 0-2000 + Piece
Payment Terms : T/T, Western Union, MoneyGram
Supply Ability : 100 + Piece + per day
Delivery Time : 40-60 working days
Packaging Details : box
Item1 : WFOE Company Formation
Item2 : WFFE Company Registration
Item3 : Guangzhou Company Incorporation
Item4 : Set up WFOE Company
Item5 : Open WFFE Company
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1 Determine if the proposed WFOE will conduct a business approved for foreign investment by the Chinese government. For example, until recently, China prohibited foreigners to hold business like education, magazine. Be sure your business will be encouraged.

2 Provide documentation. Now if the investors are already in China, just show passport copy and his bank letter demonstrating its financial adequacy, office lease contract.

3 Submit the documents needed in Chinese. The last one may be translated into Chinese or summarized in Chinese.

4 Get Chinese government approval for the project. In China, unlike in most countries with which Western companies tend to be familiar, approval of the project by the relevant government authority is an integral part of the company registration process. If the project is not approved, the company will not be registered.

The following documents for the proposed WFOE must be prepared for registration/project approval:

(1) Articles of Association. This document will set out all of the details of management and capitalization of the company. Nothing can be left for future determination; all basic company and project issues must be determined in advance and incorporated in the Articles. This includes directors, local management, local address, special rules on scope of authority of local managers, company address, and registered capital.

(2)Feasibility Study. The project will not be approved unless the local authorities are convinced it is feasible. This usually requires a basic first year business plan and budget. We typically use the client produced business plan and budget to draft up the feasibility study (in Chinese) that will satisfy the requirements of the Chinese approval authority.

(3)Leases: An agreement for all required leases must be provided. This includes office space lease and warehouse/factory space lease. It is customary in China to pay rent one year in advance and this must be taken into account in planning a budget because the governmental authorities will be expecting this.

(4)Proposed personnel salary and benefit budget. If the specific people who will work for the company have not yet been identified, one must specify the positions and proposed salaries/benefit package. Benefits for employees in China typically range from around 30% to 40% of the employee base salary, depending on the location of the business. Foreign employers are held to a strict standard in paying these benefit amounts. The required initial investment includes an amount sufficient to pay salaries for a reasonable period of time during the start up phase of the Chinese company.
e. Any other documentation required for the specific business proposed. The more complex the project, the more documentation that will be required.

5 Prepare all of the above documents in Chinese.

6 Wait. It usually takes two to three months for governmental approval, depending on the location of the project and its size and scope. Large cities like Shanghai tend to be slower than smaller cities. The investor must pay various incorporation fees, which fees vary depending on the location, the amount of registered capital and any special licenses required for the specific project. Typically, these fees equal a little over 1% of the initial capital.
On large and/or complex projects, the approval process often involves extensive negotiations with various regulatory authorities whose approval is required. For example, a large factory may have serious land use or environmental issues. Thus, the time frame for approval of incorporation is never certain. It depends on the type of project and the location. Foreign investors must be prepared for this uncertainty from the outset.

Further information concerning Company Formation, please freely contact Blue Trust professionals for free advisory Call ( Whatsapp & Wechat & Viber): + 86 134 3429 5601.

Mobile: +86 134 3429 5601
Wechat: BlueTrust_Consulting
QQ: 2010204112
Address: Room B22, 6th Floor, Jinying Hotel, No.19, Beijiaochang Rd., Guangzhou, PRC.

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