Hangzhou Company Registration

How to expand your business to Hangzhou by setting up Wholly Foreign Owned Enterprise

The Ultimate guide to Hangzhou Company Registration in 2022

Why register a Company in Hangzhou?

Hangzhou is located on the western coast of the Pacific Ocean and at the central section of the north-south coastline of China. Facing the opportunities and challenges of the 21st century, Hangzhou has set its long-term strategic objectives for social and economic development. By 2010, Hangzhou is planned to become one of the international economic, financial and trade centers of the world.
Setting up a company in Hangzhou is a good choice for companies that are in computer software, IT, microelectronics and components, video and audio products, electromechanical integration, and key projects of light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology are also on the rise in Hangzhou.

 Four type’s of WFOE’s

Start your Hangzhou Wholly Foreign-Owned Enterprise Today!

Hangzhou Business Environment

Business Environment Hangzhou’s dramatic development comes from its diverse economic base. Major industry networks include communications, electronics and the information industry, biomedicine, auto manufacturing, petroleum, sophisticated chemical and steel manufacturing, complete-set equipment manufacturing, finance, insurance, real estate, household electrical appliances, etc. Hangzhou is the largest consumer market among all mainland cities, supported by the rising income level and massive inflow of tourists. Also considered China’s largest financial center with over 1,430 financial institutions, including banks, insurance companies, and securities companies, of which 230 were foreign-invested.

  • 100% OWNED
  • 30 WORKING DAYS
  • NO REGISTERED CAPITAL

Hangzhou Wholly Foreign Owned Enterprise (WFOE)

 

The registration of a Hangzhou Company takes about 30 working days to complete. It can be used for various operations in China. The ideal way to establish your Shanghai company is as a Limited-Liability company called Wholly Foreign Owned Enterprise (WFOE, WOFE, or foreign-invested enterprise (FIE). A Wholly Foreign Owned Enterprise is a commonly used investment vehicle for mainland China-based businesses.The  WFOE will the be registered with the Ministry of Commerce, (MOFCOM)

 

 

Hangzhou Wholly Foreign Owned Enterprise

Hangzhou is a good choice for companies that are in computer software, IT, microelectronics and components, video and audio products, electro-mechanical integration, and key projects of light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology are also on the rise in Hangzhou.

100% Ownership

The unique feature of a WFOE is that the entity is 100% owned, capitalized, and operated by foreign investors without the help of a local partner. A WFOE allows you to maintain greater control over your business operations, and revenue targets. In addition, it allows you to conduct business in Hangzhou on your own without the need of a local partner. A WFOE is the favorable choice for an overseas company that wants to permanently incorporate into mainland Hangzhou.

Four typical Hangzhou company’s

Consulting (or Service) WFOE.
Trading WFOE.
Manufacturing WFOE.
Food & Beverage WFOE.
Setting up a Company Hangzhou

When setting up a company in Hangzhou, there are numerous things to consider and hence it is important to seek appropriate legal help. Corporation China has developed an unparalleled expertise in this area and can provide you with everything necessary to set up your consulting company. Corporation China offers first-class solutions to all of the following requirements.

  • Corporation China is the Largest Foreign Direct investment firm in Asia Pacific. [wikipedia]

 

Location: Hangzhou

In China, prospective clients and business partners will often ask you where is your company located in China. Hence, a good location is an asset. At Corporation China, we offer excellent solutions for this through our Virtual Office System China Presence™ or our China Virtual Entity™ system.

  • With offices in 44 locations across China and 4 in Hangzhou, our closest office is never far away.

Hangzhou Bank Account

Due to existing restrictions on international money transfers in China, your mainland-based clients will only be able to pay you within China. Therefore, a bank account in which local companies can transfer you Chinese RMBs is necessary. 

  • Corporation China can Guarantee a Bank Account for all our clients.
Corporation China offers turnkey solutions

Contains everything you need to quickly start your company so you can concentrate on DOING BUSINESS!

Tax Invoice

Chinese companies put much trust in the government and the Chinese legal system. Hence, they will likely inquire whether the registration location of your company in China. This is a method for them to establish the legitimacy of your business and to guarantee that you can provide them with a tax invoice locally referred to as a Fapiao.

China Trademark

The Chinese trademark registration system principle is a first-come, initial, serve basis. Hence, it is essential to register your brand’s Chinese trademark and logo as early as possible. An international trademark is not helpful because the foreign trademark is not enforced in China.

Marketing

It would be best to consider localizing your marketing by using colors and slogans that attract Chinese consumers. Using a slogan in Chinese will also help Chinese customers better understand your brand’s strength and appeal. Above all, Corporation China, in partnership with Brand Asia, offers proven solutions to help you tailor your marketing plan to the Chinese market.

     

    Why start your Business in Hangzhou?

    Hangzhou is located in the middle part of southeast China, near another famous city: Shanghai. It is the capital of Zhejiang Province. With a valid economic foundation and a large population of over 8.8 million people, Hangzhou is one of the most prosperous cities in China. Besides, it has been selected for five years as “The Happiest City in China.” It is also regarded as one of the most livable cities in China.

    Although Hangzhou has been a highly urban city through recently fast development, it still retains its historical and cultural heritage. In the present day, tourism still remains an essential factor for Hangzhou’s rising economy. One of Hangzhou’s most popular sights is West Lake, a UNESCO World Heritage Site. Since ancient China, famous poets, scholars, and artists have been inspired by the West Lake, and the hills surrounding it and hence have written numerous poems, stories, and dramas about this blessed place.

      An Introduction to Hangzhou

      We offer Hangzhou Company Registration and help you establish a Wholly Foreign Owned Enterprise in Hangzhou, and we can also provide the registered address in Hangzhou.

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