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Wholly foreign owned enterprise Formation in Hangzhou

Last Updated: Dec. 13, 2017

 

Establishing a Wholly Foreign Owned Enterprise in Hangzhou :

Popular districts by PtC's clients in Hangzhou: Xihu, Gongshu, Bingjiang, Xiaoshang

Registered capital: No. minimum registered capital is required for WFOEs with scope of business of consulting, Trading, retailing, information technology etc. in Hangzhou . There are minimum registered capital still required for some sectors, for instance: Banking, Forwarding, education etc.

 

Information provided below will guide you to:

Documents Required & Registration Procedures of WFOE

Condition(s):

Since 2016, no paid up capital is required for foreign investor to establish a Consulting, Trading or Information Technology business etc. in Hangzhou

Below is the required documentation for WFOE formation in Hangzhou. (Item 1,2,7,8 should be prepared before visiting Hangzhou:

CHECKLIST:

Documents required

  • Corporate investor: 2x Certificate of Incorporations, Articles of Formation or Equivalent document certified by Chinese embassy or Chinese consulate overseas [UK , US, HK, AUS, RUS, SGP, GER, SWE, ISL etc. ] ]As f For individual investor: 2x Passport copies of Investors need be certified by Chinese embassy or consulate. [investorindividual investor] Double check with us if individual investor is currently in Hangzhou as some districts accept individual investor(s) to submit the application without passport copy to be certified. .
  • 1x Bank Reference Letters from investor’s bank (declare a good standing)[-bank refernce letter-]
  • Passport copy of: (i) Parent company's director (ii) Hangzhou company's Legal Representative (managing director) and (iii) Hangzhou company's supervisor
  • Hangzhou Legal Representative (managing director) provides: 6 photos (2 inches size), brief resume [ -Sample- ]
  • Registered capital; Business Scope; 8 proposed Chinese names of China company
  • Office address in Hangzhou: 2x leasing contracts [-contract- ] , 2x certificate of real estate ownership [-Sample-], and 2x landlord identification [ Individual, Company ]
  • 4x Letter of Authorization [-Sample-]
  • For Trading WFOEs only: The latest annual audit report copy from the parent company: provided by a Certified Public Accountant (CPA) [-audit report-] and Customs HS Code of proposed Import/Export products in Hangzhou[ Codes ]

The above documents are good enough to register a Trading WFOE, Service WFOE & Consulting WFOE in Hangzhou . For a manufacturing WFOE establishment in Hangzhou, you will also need:

  • Purpose and estimated investment
  • WFOE's operational structure and number of employees
  • Permission for land use, environment evaluation report
  • Products, size of production, detailed list of equipment, and business plan
  • Environmental protection measures
  • Requirement for utilities such as power and water supply

Registration Procedures

Foreign investors are not permitted to directly submit the application documents of incorporate a WFOE to the relevant authority in Hangzhou. 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 Hangzhou are the following:

  • Name registration with Hangzhou Administration of Industry and Commerce (SAIC)
  • Certificate of Approval by Hangzhou Municipal commission of commerce
  • Apply for Business License with SAIC [-what is a business license?-]
  • Chops made by Public Security Bureau (PSB) of Hangzhou
  • Organization Code License by Hangzhou Technical Supervision Bureau (TSB)
  • Tax Certificate by Taxation Bureau of Hangzhou
  • 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)
  • newValue Added Services: 3 months accounting serivces for free

More information about WFOE:

Contact Our Regional Partners in Mumbai, Delhi, Singapore, Kuala Lumpur, Beijing, Shenzhen, Guangzhou, Shanghai, Ningbo, Hangzhou or Hong Kong for more details:


Office Time: Monday To Friday 0930AM-1730PM (China, Singapore & Malaysia:GMT+8; INDIA: GMT+6 )

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Tel: (86-21) 5108.8535 (English and Mandarin)
Regional Manager: Ms. Wendy Wang [-Bio-] & Nancy Liu [-Bio-]

Ningbo Office:
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Suite 2925 South Tower, 1299 Yinxian Ave., Yinzhou, Ningbo 315040
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Tel: (86 574) 8716.4655 GMT+8 ( English and Mandarin)

Hangzhou Office:
E-mail: nancy.liu@pathtochina.com [or Request For Proposal]
No. 2, 1785 Jianghan Rd.(by Binsheng Rd.), Binjiang District, Hangzhou 310051, China
Regional Consultant: Ms. Nancy Liu [-Bio-]
Tel: (86) 139.1772.5080 GMT+8 ( English and Mandarin)

Shenzhen & Southern China Office:
E-mail: echo.wang@pathtochina.com [or Request For Proposal]
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Regional Consultant: Ms. Echo Wang

Guangzhou Office:
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Tel: (86.20) 6113.5690 GMT+8
info@pathtochina.com

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Suite 1701, HeNan Building, 92 Jaffe Road, Wanchai, Hong Kong[-MAP-]
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Regional Partner: Simon Lee


Rest Cities of China: Chengdu, Chongqing, Tianjin, Wuhan, Suzhou, Xi'an etc.
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INDIA (Delhi) :
E-mail: info@pathtochina.com [or Request For Proposal]
Suite 201, ITO, Hans Bhawan, Delhi [-MAP-]
M: 906.914.2028 (English, Hindi)

Mumbai
E-mail: info@pathtochina.com [or Request For Proposal]
Suite B-404, Cello Triumph, IB Patel Road, Mumbai [-MAP-]
M: 906.914.2028 (English, Hindi)
India Partner: Mr. Narendra Kumar

Public Holidays of 2017 in China: Jan. 1-2, Jan.27-Feb.2, Apr.2-4, May 1,May 29-30, October 1-8


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