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Yiwu Corporate Formation

Updated：2018-3-9 15:44:24    Source：www.tannet-group.comViews：965

Yiwu Corporate Formation Service
Hotline: 86-755-82143422, Email:tannet-solution@hotmail.com

Yiwu corporate formation is one kind of Tannet’s local company incorporation services. Yiwu is famous in China as a commodities centre. Yiwu's China Small-Commodity Market has for 6 consecutive years topped China's 100 top open markets and was for successive years listed as "China's civilized open market". It has been named as the banner of China's market economy and with a large variety of quality but cheaper commodities. There have been a significant increase in Arab traders since 9/11, as Middle East businessmen found it difficult to travel to the United States due to visa restrictions. The Arab presence has fostered the rise of many mosques and Middle Eastern restaurants.

Setting up a company in Yiwu is not a difficult task if you turn to a law firm or business consulting firm to guide you through the process. The level of difficulty in setting up your company depends on your industry. The reason is that China encourages foreign investment in certain industries while discourages it in others.

Yiwu Corporate Formation Types
1. Wholly foreign owned enterprise (WFOE);
2. Representative office (RO);
3. Joint venture (JV);
4. Foreign invested partnership enterprise (FIPE).

Basic Steps for Yiwu Corporate Formation
Here is an outline of the basic steps to setting up a WFOE or JV in Yiwu. The process is simpler for Representative Offices.

1) Name Approval;
2) Approval to Establish Company;
3) Registration of Business License;
4) Filing and Carving Seals;
5) Enterprise Code Certification;
6) Statistics Bureau Registration;
7) Foreign Exchange Approval;
8) Registration with City Tax Bureau;
9) Setup of Bank Accounts;
10) Customs Bureau Registration;
11) Capital Verification;
12) Business License Update. 

Post Investment Services for Yiwu Corporate Formation
1. Annual filing services for Yiwu companies;
2. Tax filing services for Yiwu companies;
3. Accounting Services (WFOE, Representative Office);
4. Auditing services for Yiwu companies;
5. Bookkeeping services for Yiwu companies;
6. Payroll Service (handling payroll, personal income tax and social insurances);
7. Visa Service (to get you and your family 1 year residence permit in Yiwu);
8. Trademark Registration Service (to get your intellectual property protected in China).

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