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Tianjin Corporate Formation (WFOE)

Updated:2018-4-3 15:53:28    Source:www.tannet-group.comViews:179

Tianjin corporate formation (WFOE), also known as Tianjin company establishment (WFOE), Tianjin business incorporation (WFOE), Tianjin company registration (WFOE), refers to register a wholly foreign owned company in Tianjin. Tianjin is one of the four national central cities of the country, with a total population of 15,469,500, and is also the world's 6th-most populous city proper.

Nowadays Tianjin is a dual-core city, with its main urban area (including the old city) located along the Hai River, which connects to the Yellow and Yangtze Rivers via the Grand Canal. As of the end of 2010, around 285 Fortune 500 companies have set up base in Binhai, which is a new growth pole in China and is a hub of advanced industry and financial activity.

Documents Required
1. Certificate of Incorporation, Articles of Formation or Equivalent document certified by Chinese embassy or Chinese consulate overseas. For individual investor: Passport copies of Investors need be certified by Chinese embassy or consulate. Double check with us if individual investor is currently in China as some cities in China allow individual investor to submit with their original passport;
2. Bank Reference Letters from investor’s bank (declare a good standing);
3. Passport copy of: (i) Parent company's director (ii) China company's Legal Representative and (iii) China company's supervisor;
4. China Legal Representative provides: photos (2 inches size), brief resume;
5. Registered capital; Business Scope; 8 proposed Chinese names of China company;
6. Office address in China, 2x leasing contracts, 2x certificate of real estate ownership, and 2x landlord identification;
7. Letter of Authorization.

General Procedures for Setting Up A Company in Tianjin
1. Obtain notice of Pre-Approval of the Company Name;
2. Open a preliminary bank account, deposit funds in the account and obtain the certificate of deposit;
3. Obtain capital verification report from an auditing firm;
4. Obtain registration certification "Business License of Enterprise Legal Person" from local Administration of Industry and Commerce (AIC);
5. Obtain approval from the police department to make a company seal;
6. Make a company seal;
7. Obtain the Organization Code Certificate issued by the Quality and Technology Supervision Bureau;
8. Register for national tax;
9. Register for local tax;
10. Open a bank account for the company and transfer registered capital to the account;
11. Apply for the authorization to print or purchase financial invoices;
12. Purchase invoices;
13. File for recruitment registration with local Career Service Center;
14. Register with Social Welfare Insurance Center.Tianjin Business Setup Advantages (FTZ)

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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