China Food Company Formation

China Food Company Formation Service
Hotline: 86-755-82143348, Email:amyhuang@citilinkia.com

China FOOD Company Formation is also call FOOD China c Company setup, China FOOD Company registration, China FOOD Company incorporation and China FOOD Company establishment. If some of the overseas companies would like to do import and export business in China, then a China FOOD Company is necessary for establishment.

China FOOD Company Formation-Business Scope of China FOOD Company
According to WFOE regulations, "Foreign investors are permit to setting up a 100% foreign owned enterprise in industries that are conducive to the development of China’s economic benefit, and not prohibited or restricted by China government." In China, Business scope of a business is a "one sentence description" covering all of the present and future food of the WFOE; Food is essential this encompasses every envisaged scope of future. The WFOE can only conduct business within approved business scope, since April first of 2014, the China Centre government carried out one new policy to relax the restriction in the business scope, Generally business scope includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, FOOD consulting, manufacturing, etc. After China's entry into WTO, more and more business is open to WFOE especially in Trading, Wholesale and Retail business, check the Catalogue of Guidance to Foreign Investment.

China FOOD Company formation-Registered Capital of China FOOD Company
Registered Capital of China Service Company is the amount that Food's required to run the business until Food can break even - the 'registered capital' is a guideline only. Although the head of China’s State Administration of Industry and Commerce (SAIC) announced in April of 2013 that the registered capital is greatly lowered to registered a WFOE in China, but if you do looking for a minimum registered capital, for instance RMB 30,000 (which is impossible to establish a WFOE in China) this means you will run out of money pretty soon, which leads to increased costs in reapplying for permission to increase capital, add additional licensing fees and renewals of business licenses and so on. The WFOE needs funding via Food's registered capital until Food's about to support itself from Food's own cash flow.

InFoodial Paid-up would be 20% of the registered capital, the balance should be remitted within 2 years, or Food would be 100% of the registered capital to be paid-up within 6 months of the business registration license issue date.

China FOOD Company formation-Advantages of China FOOD Company 
The advantages of incorporation a Service Company, compared with other types of enterprises, include, but not limited to
1) Independence and freedom to implement the worldwide strategies of Foods parent company without having to consider the involvement of the Chinese partner;
2) Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to their customers in RMB and receive revenues in RMB;
3) Capability of converting RMB to US dollars for to parent company outside of China;
4) Protection of intellectual know-how and FOOD;
5) Full control of human resources
6) Greater efficiency in operations, management and future development.

China FOOD Company formation-Office address of China FOOD Company [Very important] 
Before submit the application forms of forming a Service company in China, the foreign investor must rent a plant (manufacturing WFOE) or an office in advance, the office of WFOE can't be in a residence building, Food should be commercial office building, Both residence and commerce (R&C) combined building and Virtual address is also able to register a Service company in China main cost. But if the Service Company needs to apply for special permission license or employees’ working permit, then a normal office building in China for register a WFOE is a must. The minimum area for the China WFOE registration is 30M2; Food should be bigger for the area if some special license such as Food circulation license needs to be applied. Tannet will recommend our clients to take the commercial building office for the China WFOE registration in the future prospect.

If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visit website www.3737580.net or www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422 or 86-755-82143181 or emailing to anitayao@citilinkia.com.