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Wholly foreign owned enterprise Formation in Wuhan

Last Updated: April 17, 2021

 

Establishing a Wholly Foreign Owned Enterprise in Wuhan:

Popular districts by PtC's clients in Wuhan: Hongshan(Wuhan Optics Valley), Hangkou, Hangyang, Wuchang,

Registered capital: No. minimum registered capital is required for WFOEs with scope of business of consulting, Trading, retailing, information technology etc. in Wuhan. 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 Wuhan.

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

CHECKLIST:

Documents required

  • Corporate investor: 3x 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 Wuhan 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) Wuhan company's Legal Representative (managing director) and (iii) Wuhan company's supervisor
  • Wuhan 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 Wuhan: 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 Wuhan[ Codes ]

The above documents are good enough to register a Trading WFOE, Service WFOE & Consulting WFOE in Wuhan . For a manufacturing WFOE establishment in Wuhan, 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 Wuhan. 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 Wuhan are the following:

  • Name registration with Wuhan Administration of Industry and Commerce (SAIC)
  • Certificate of Approval by Wuhan Municipal commission of commerce
  • Apply for Business License with SAIC [-what is a business license?-]
  • Chops made by Public Security Bureau (PSB) of Wuhan
  • Organization Code License by Wuhan Technical Supervision Bureau (TSB)
  • Tax Certificate by Taxation Bureau of Wuhan
  • 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 India (Mumbai, Delhi), Singapore, Malaysia (Kuala Lumpur), China (Beijing, Shenzhen, Guangzhou, Shanghai, Suzhou, Ningbo, Hangzhou or Hong Kong) for more details:


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

Beijing & Northern China Office:
E-mail: gifty@pathtochina.com
5F, SK Tower, 6A Jianguomenwai Ave., Chaoyang District, Beijing 100022, China
Tel: (86-10) 5166.4212 GMT+8 (English and Mandarin)
Regional Manager: Ms. Gifty Jia [-Bio-]

Shanghai & Eastern China Office:
E-mail: info@pathtochina.com 1038 West Nanjing Road, Suite 2508, 25 Floor, Westgate Tower, Shanghai 200040, China [-MAP-]
Tel: (86-21) 5108.8535 (English and Mandarin)
Regional Manager: Ms. Wendy Wang [-Bio-]

Ningbo Office:
E-mail: info@pathtochina.com Suite 2925 South Tower, 1299 Yinxian Ave., Yinzhou, Ningbo 315040
Regional Consultant: Mr. Dean Dong [-Bio-]
Tel: (86 574) 8716.4655 GMT+8 (English and Mandarin)

Hangzhou Office:
E-mail: info@pathtochina.com No. 2, 1785 Jianghan Rd.(by Binsheng Rd.), Binjiang District, Hangzhou 310051, China
Regional Consultant: Ms. Lim
Tel: (86-21) 6218 9991 GMT+8 (English and Mandarin)

Shenzhen & Southern China Office
E-mail: info@pathtochina.com
6009 Yi Tian Road, Suite 2306, New World Tower, Shenzhen 518035

Hong Kong Office:
E-mail: info@pathtochina.com
Suite 1701, HeNan Building, 92 Jaffe Road, Wanchai, Hong Kong[-MAP-]
Tel: (852) 6877.8862 GMT+8 (English)
Regional Partner: Simon Lee
Guangzhou Office:
161 West Lin He Rd., 23F, Tower A, Center Plaza, Guangzhou, 510620
info@pathtochina.com

Singapore & ASEAN Office
E-mail: info@pathtochina.com
Tel: (65) 8459.8655 Address: 218 Orchard Road, 6F, Singapore, 238851

Kuala Lumpur & Malaysia Office
E-mail: info@pathtochina.com
1 Mont Kiara, Level 13A, Wisma Mont Kiara, No. 1 Jalan Kiara, Mont Kiara, 50480, Kuala Lumpur, Malaysia
Tel: 010.3738.398 (English, Mandarin, Malay)

newNew Delhi & India office:
E-mail: info@pathtochina.com
Ramdhan Tower, E-57, Sector-63, Noida

Mumbai
E-mail: info@pathtochina.com
Plot 175, Santacruz, East Mumbai
India Partner: Mr. Narendra Kumar

Rest of China: [Click for more details...]

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