Yiwu trading company creation in China
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A Yiwu Trading Company is a commonly used investment vehicle for mainland Yiwu-based businesses. It is designed for businesses dealing with Trading and can be used for Yiwu IT Trading or Educational Trading type business. The registration of a Yiwu Company takes about 30 working days to be done.
A Trading Company fits for various business activities. Figuratively, it can be considered as the “margarita pizza” among Yiwu type enterprises. Which gives youa chance to add “layers” of business scope to change the activities of the company. As a result, this company structure is the most common type of structures in Yiwu. This allows for greater control over your businesses operations, and revenue targets.
Whats needed to Start a Yiwu Trading company
1. Do your homework.
find out more about the market and if your services or products will do well in Yiwu
[ contact a company like Brand Asia that can help you with market research ]
2. Pick a location
Shanghai, Beijing, and Guangzhou are the major business and industrial centers. The type of business may require you set up in one of these cities. Shanghai counts for one-third of Yiwu’s GDP and also easy to find staff that speak good English
3. Choose a Chinese Company Structure
Before registering you need to decide what type of business entity to register. The most common for foreign Investment are Wholly Foreign Owned Enterprises (WOFE), Representative Offices (RO) and Joint Ventures
4. Develop a business plan.
A detailed business plan is crucial because once the government approves it, you will be able to operate only within the business scope, but that can also be changed if needed
Business Plan Requirements for a Yiwu Trading Company
1. Organize the necessary documents.
The documents you’ll need to register for a Company will vary from place to place but mostly is just a few passport and company information.
2. Trademark your intellectual property.
Intellectual property violations can be an issue for foreign investors in Yiwu.
Trademark is a first to serve the system and is a simple process
3. Open a Bank Account
Once your company is established, you will need to open a bank account and also apply for a tax invoice ( Fapioa) machine
4. Hire staff (if required)
Hiring staff in Yiwu might seem complex ,our Yingke HR Division can help
Documentation Requirements for a Yiwu Trading Company
SET UP AS AN INDIVIDUAL
A scan of your passport
A Personal Bank Reference Letter
Choose a name for the your Yiwu WFOE
Choose a location for the company in Yiwu
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82147392, or emailing to info@citilinkia.com