Nanchang Foreign Investment Enterprise (FIE) Registration
Nanchang foreign investment enterprise (FIE) registration is also called Nanchang FIE formation, Nanchang FIE setup or Nanchang FIE incorporation. Foreign Investment Enterprise (FIE) is a common method of creating a business operation in not only in Asia but also in Africa and South America. Nanchang greatly welcomes all kinds of legal foreign investment. Thus any one of a number of legal entities can be considered as FIEs including equity joint ventures (EJV), cooperative joint ventures (CJV), wholly-owned foreign enterprises (WFOE) and foreign-invested companies limited by shares (FCLS).
Nanchang Foreign Investment Enterprise (FIE) Registration-Business Scope of Nanchang FIE
Normally a Nanchang foreign investment enterprise is set up for a specialized purpose with a specific business scope. Apart from the traditional production FIEs, foreign investors may now also set up trading FIEs, service FIEs, wholesale and retail FIEs, etc. If your group has already established a number of FIEs and is poised to make further investments in Nanchang, you may consider establishing a Nanchang holding company to centralize management, provide shared services, consolidate the distribution of goods produced by your FIEs in Nanchang and pre-market certain imported products. Upon having paid up its registered capital according to the approved schedule, your FIE company may also expands its geographical coverage by setting up branches.
Nanchang Foreign Investment Enterprise (FIE) Registration-Registered Capital of Nanchang FIE
Generally speaking, establishing FIE in Nanchang successfully requires no less than RMB 500, 000 registered capitals (which should be in line with the scale of operation). FIE has many forms because it can be divided into 4 parts. Thus it is better for foreign investors to know the detailed capital distinction for these four parts.
Nanchang Foreign Investment Enterprise (FIE) Registration-Taxes Expense Involved in the Nanchang FIE Operation
1. Value Added Tax
General Value Added Tax Payers pay VAT at 17%
Small-scale Value Added Tax Payers pay VAT at 3%
2. Corporate Income Tax
Income tax rate is 25%. Small scale and small profit companies are subject to corporate tax rate of 20%. Each district, region, city, and province in Nanchang has detailed taxes policies.
Nanchang Foreign Investment Enterprise (FIE) Registration-Time Consumption and Required Documents of Nanchang FIE
It will take about 90 workdays to establishing Foreign Investment Enterprise (FIE) in Nanchang, and require mainly 8 types of official documents:
1. Investor's qualification certificate of entity or natural person's ID card;
2. Directors, supervisors and mangers' appointment documents and ID cards;
3. Legal representative's appointment document and ID card;
4. Certificate on assessment of capital from banks;
5. The certificate for right of use or the contract for lease of house of the proposed store to be opened;
6. Import/export product catalogue;
7. Lease contract or certificate of title;
8. Documents or certificates for earlier setup examination and approval;
If you have further queries in Nanchang Foreign Investment Enterprise (FIE) Registration, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net or emailing to email@example.com, Hong Kong TEL: 852-27826888 China TEL: 86-755-82143422 NANCHANG TEL: 86-791-88188098
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