How to Establish a Wholly Foreign Owned Enterprises (WFOE) In China

How to Establish a Wholly Foreign Owned Enterprises (WFOE) In China/ In Hangzhou/In Shanghai/In Beijing
1.The essential conditions for foreign enterprise to apply for the establishment of trading Wholly Foreign Owned Enterprises (WFOE) in China are as follows:
(1) The enterprise must be legally registered in the country where it is located;
(2) The enterprise must enjoy a good commercial reputation;
(3) The enterprise must provide the authentic and reliable materials and documents required by these Rules;
2.The time and requirements to establish trading WFOE in China are as follows:
(1)A foreign enterprise which applies for the establishment of a trade WFOE in the territory of the People's Republic of China shall submit to the examination and approval authorities a written application. The examination and approval authorities shall, within thirty (30) working days, decide whether to approve or disapprove it, and inform the foreign enterprise in due course. (2)A foreign enterprise which applies for the establishment of trading WFOE shall commission as its undertaking agency a company which is approved by the competent authorities of the People's Republic of China and enjoys the right of foreign trade operation, or a foreign economic relations and trade entity or a service unit for foreigners recognized by the examination and approval authorities to submit, on its behalf, to the examination and approval authorities all the documents and materials and go through the application and registration procedures.3.The material for a foreign enterprise to apply for the establishment of a trade WFOE in China is as follows:
(1) A certificate of legal operation (transcript) issued by the competent authority of the country where the enterprise is located;
(2) The passport or ID card (copy) that the investor.(Director or General Manager);
(3)2 certificates of credit (original) issued by a foreign bank which has business relations with the enterprise;
(4)The resolution of the board of directors of the enterprise.
(5)An application signed by chairman of the board of directors or general manager of the enterprise and a brief introduction of the enterprise, purpose of such establishment, scope of business.
(6)The passport or ID card (copy) and 6 photos and resume that the artificial person in Beijing company.
(7)The appointment of execute of broad director in Beijing company.
(8)The power of attorney to someone sign files in china.（If none, won’t necessary report）
(9) The prove file of leasing office and the title deed (copy).
(10)Financial report. (The oversea company setup more than one year should report)
(11)The list of the export\import goods. （If none, won’t necessary report）
(12) The agent agreement signed with our company.
4.Special notice:(
1)The US$14000 is the lowest registration capital.
(2)All the registration capital should be pay off in one year, first pay should not under 15%, all the capital should come from oversea bank.
(3)Every time transfer the capital, should check capital by accounting institutes.
Hangzhou Generous Investment Co., Ltd.provid the service of Foreign Investment Company 　registration business service.