Quanzhou Wholly Foreign Fund Enterprise (WFOE) Registration

The establishment of wholly foreign-owned enterprises statement Quanzhou
Quanzhou is the famous hometown of overseas Chinese, but also the ancient "Silk Road on the Sea" starting point.besides Taiwan, the Taiwanese approved by the State Council in an open economic zone triangular an important component of the reform is the integrated support of the pilot cities, since reform and opening up, Quanzhou proceeding from reality and strive to make good use of the national and provincial conferred the special policies and flexible measures, a market-regulated, mainly export-oriented economy, the development of a variety of economic sectors, comprehensive economic strength has markedly increased. Now, with China's accession to the WTO, more and more foreign companies come to invest in Quanzhou, in order to make more efficient entrepreneurs to understand how the registration of foreign-funded companies are welcome to visit at any time or www.companies Denite website www.tannet.net -- registry.org, or Call Hong Kong 852-27826888, Shenzhen 86-755-82143181 Quanzhou 86-595-22515806 for further consultation.

The concept of wholly foreign-owned
Wholly foreign-owned enterprises is that foreign investors (including Hong Kong, Macao and Taiwan investors), according to the "People's Republic of China Foreign Enterprise Law" and other relevant laws, the establishment of investment in the Chinese territory, all capital from foreign investors to invest in enterprises. Foreign investors refers to the foreign enterprises and individuals or partners (including Hong Kong, Macao and Taiwan).

The definition of investment
To standardize the management of foreign enterprises to invest in China, the Chinese Administration of Foreign Exchange to foreign enterprises defined as: for the People's Republic of China by foreign enterprises overseas enterprises (foreign enterprises including Hong Kong, Macao and Taiwan enterprises), the enterprise's equity must be held by offshore (outside persons, including Hong Kong, Macao, Taiwan personages). But some areas of this policy have different standards.

Preferential policies for foreign-owned Quanzhou
(1).Foreign investment in infrastructure projects in a comprehensive compensation policy. In infrastructure construction projects completed 20 percent invested, and upon approval, allow the establishment of relevant tertiary industry. Foreign investment in infrastructure projects, should be exempt from the Department of centimeters relative taxes, to a certain age, their income tax rate of over 15 percent on the amount of income tax, upon approval of their applications, may be the return of 70%.

(2).Located in coastal economic development zones and special economic zones, economic and technological development zone of the city's old urban areas, or in other parts of the State Council, provides enterprises with foreign investment, are technology-intensive and knowledge-intensive projects; foreign investment in the 30 million US dollars over the long recovery time investment projects in energy, transportation, port construction projects, reported to the State Administration of Taxation approved the income tax relief. (Tax Law Section 7, Rule 73)

(3).Productive enterprises tax breaks. The production of foreign-invested enterprises, (not including oil, natural gas, rare metals, precious metals and other resource exploitation projects), the operator of more than 10 years, from profit from the year of 1 to 2 years are exempted from corporate income tax, 3 ~ 5 years halving the corporate income tax.

Important: this policy to January 1, 2008 there will be major changes, you are always aware Denite website updated information

Company Name
At the end of the company name to Limited, the company pre-approved for the name of company name generally should composed of the following parts of this: "Quanzhou (city) + Text (traders) + industry (or industry characteristics) + Ltd."; title crown "in Fujian "Companies must meet the" crown enterprises in Fujian province registered management approach "to the relevant provisions; crown name" China "companies are required to Beijing for approval under normal circumstances, the title are foreign-owned companies in strict accordance with the number of registered capital to title, for example:
(1).registered capital of 1 million, only Guan County district (city) name, for example: Quanzhou Fengze District XX XX Quanzhou clothing or clothing Limited Limited;
(2).registered capital of 3 million, can crown a big city, such as: Quanzhou XX bag Ltd.
(3).The registered capital of 5 million, the highest in name, for example: Fujian XX Resin Technology Limited.

The registered capital and paid-up capital
In China, the nature of different industries and enterprises, the registered capital are different. The registered capital requirements but also to a certain time frame, must be put in place. Introduction of the registered capital are as follows: consultants type: 100000; trade-registered capital: 500,000, the production: 1 million. Wholly foreign-owned enterprises must be registered in the company after the completion of three months, in place at least 15%, the rest of the phases in place in two years. Registered capital of the larger, investors can inject funds and the government consultation timetable.

Operating processes
1, Denite bidding procedure: instructions (signed the agreement) = "name check a place name =" TAC advances = "to submit the required data =" audit data = "submit the relevant government departments handling =" inform process = " = "notify clients receive information =" pay the balance = "receipt.

2, the process for the government: to the Commerce and Industry Bureau nuclear (reserved firms / name approved) → environmental protection, fire approval → special industry front approval (For) → Trade Bureau to handle foreign investment approval certificate to the Commerce and Industry Bureau → → to the Public Security Bureau for license carved seals → designated agencies to apply for enterprises of Quality and Technical Supervision Organization Code to the Inland Revenue Department for a certificate → State, the land tax registration certificate → Administration of Foreign Exchange for Waihuidejizheng / capital accounts to permit → bank accounts → capital funds to open a basic bank account (for non - basic accounts to deposit accounts, including general, temporary deposit accounts, special deposit accounts) to the Customs for import and export registration certificate (For).

3, customers operating procedures: Overseas investors Board resolution → → ascertaining the operating name of the registered capital → → determine identified shareholders → appointed legal representative → Chinese companies identified China office location (consider fire safety, environmental factors and if) → notarization for lawyers China's official agencies designated by the signed → bank credit certification → entrusted to handle → name from investors, will invest capital funds into accounts (annotated investment) → Capital Verification → for home after approval (For).

Handled by wholly foreign-owned enterprises to provide information
1, the main investment for overseas companies:
Enterprises were three or more registered capital and operational scope; company's charter and the feasibility report; lawyer notarized (overseas companies complete information must be notarized by the local lawyers by China's local so that consular stamp transmitting chapter); legal representative of the Chinese company and the original copies of proof of identity (such as the establishment of the board of directors to provide all originals and copies of identity cards); supervisors copies of identity cards (original standby); legal representative of an inch 2; investors offshore accounts the bank issued a bank credit certification Original; lease contracts: property owned or leased commercial office space (a duplicate originals, as required by the local stamping leasing contracts registeredDedicated seal, the lease, the name of the investors need to hire 30 square m above, the term of more than one year, for office use; such as production-oriented enterprises, the need to hire 200 square meters above a term for more than a year, uses for the plant; fire, environmental certification certificate.)

2, the main body for overseas investment
Enterprises were three or more registered capital and operational scope; company's charter and the feasibility report; investors personal capacity notarized information (identity cards, passports to the local Chinese embassy in the filing, a Chinese or English according to the notary information 2) ; investors Original and copies of proof of identity (such as the establishment of the board of directors to provide all originals and copies of proof of identity); supervisors copies of proof of identity (Original standby); legal representative of an inch 2; investors outside the depositary bank bank credit certification issued by the two originals; lease contracts: property owned or leased commercial office space (leasing a duplicate original contract required by the local leasing contracts by stamping registration, the lease, the name of the investors need to hire 30 more than square meters, lease for more than a year for office use; such as production-oriented enterprises, the need to hire 200 square meters above a term for more than a year, uses for the plant; fire, environmental certification certificate.)

Services
Project approvals seven; company's charter 2; foreign-invested enterprises approved credentials 2; its operational license is a copy; official seals, financial, customs (For), the legal representative Sizhang each one; carved chapter registration cards; accounts permit, stamp cards, open, and marketing households confirmation; organizational code is a copy of the certificate, code card; tax registration certificate is a copy of the registration form, tax approved notices tax registration certificate is a copy of the registration form; Waihuidejizheng were approved and foreign exchange business; foreign trade operators Registration Form; self-declaration units registered certificate is a copy of the registration certificate, the registration form.

Contractor time
Production: 50-90 working days or so to complete. (In environmental protection, fire protection, sanitation approval of the time, according to the actual time-specific business types may be); non-production: 50-80 working days to complete about (specific time based on actual business types may be).

Glossary - notarization
All overseas enterprises to invest in China, they have to pass their overseas local lawyers overseas enterprises notarized. The investment in Hong Kong and Macao enterprises, the Chinese government recognized by the Law Society of Hong Kong notary, to be sent to the Chinese judicial authorities have also commissioned the China Legal Service (HK) Limited stamping transmitting chapter to that effect. Overseas-invested enterprises, the main investment must be notarized by the local counsel for, and delivered to the local Chinese embassy or consulate dorsal sign to that effect. The public must be clearly marked on the certificate of public purpose and sent to the people. Some overseas companies in order to avoid trouble, the establishment of direct investment in Hong Kong subject, and complete legalization procedures, simple and quick. Investment entities is a natural person without notarization. A copy of the certificate of public need is two.

Glossary - Hong Kong banks credit certification
Regardless of the investment to the Mainland of China is the main legal persons or natural persons, banks must be issued credit certification, the original bank credit certification need two. The case of the English version, must be accompanied by a translation.

Glossary - wholly foreign-owned enterprises in Shenzhen office or production space lease contracts
The Chinese government is very business-oriented enterprises address, commercial office space must be a formal factory or office without prejudice. Each effective venue only allows a business operating in the processing enterprise registration, business enterprises must submit proof of real estate sites or leasing contracts, business owners and property owners or lease must be consistent. Leasing contracts must be endorsed by the leasing contractDedicated seal effected.

Important: canceled with the contract filing Chapter place of business is not consistent with the conditions

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