Ningbo Company Registration
How to expand your business to Ningbo by setting up Wholly Foreign Owned Enterprise
WFOE
Wholly Foreign-Owned Enterprise
The Ultimate guide to Ningbo Company Registration in 2022
Why register a Company in Ningbo?
Ningbo 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, Ningbo has set its long-term strategic objectives for social and economic development. By 2010, Tianjin plans to become one of the world’s international economic, financial, and trade centers.
Setting up a company in Ningbo is a great choice for companies in computer software, IT, microelectronics and components, video and audio products, electromechanical integration, and critical projects in light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, and biotechnology are also rising in Ningbo.
Four type’s of WFOE’s
Start your Ningbo Wholly Foreign-Owned Enterprise Today!
Ningbo Business Environment
Business Environment Ningbo’s dramatic development comes from its diverse economic structure. The core 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. Ningbo is the largest consumer market among all mainland cities, supported by the rising local income level and massive inflow of tourists. Also considered China’s most prominent 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
Ningbo Wholly Foreign Owned Enterprise (WFOE)
The registration of a Ningbo 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)
Ningbo Wholly Foreign Owned Enterprise
Ningbo is a good choice for companies in computer software, IT, microelectronics and components, video and audio products, electromechanical integration, and critical projects in light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, and biotechnology are also rising in Ningbo.
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 control your business operations and revenue targets. In addition, it allows you to conduct business in Ningbo on your own without the need for a local partner. A WFOE is a favorable choice for an overseas company that wants to incorporate into mainland Ningbo permanently.
Four typical Ningbo company’s
Setting up a Company Ningbo
When setting up a company in Ningbo, there are numerous things to consider, so it is very important to seek appropriate legal help. Corporation China has developed top expertise in this area and can provide you with everything necessary to set up your consulting company. In addition, corporation China offers best solutions to the following requirements.
- Corporation China is the Largest Foreign Direct investment firm in the Asia Pacific. [wikipedia]
Location: Ningbo
Prospective clients and business partners rather care where your company is in China. Hence, a good location is your company’s good reputation. At Corporation China, we offer excellent solutions for this through our Virtual Office System China Presence™ or our China Virtual Entity™ system.
- Our closest office is never far away, with offices in 44 locations across China and 4 in Ningbo.
Ningbo 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 where local companies can transfer 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 trust much in the government and the Chinese legal system. Hence, they will likely inquire whether your company is registered in China. This is a way for them to establish the legitimacy of your business and to ensure that you can provide them with a tax invoice locally referred to as a Fapiao.
China Trademark
The Chinese trademark registration system is based on a first come, first, serve basis. Hence, it is essential to register your brand’s trademark and logo in China as early as possible. Having an international trademark is not helpful as a foreign trademark is not enforced in China.
Marketing
It would help if you also considered localizing your marketing by using colors and slogans that appeal to Chinese consumers. Having 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 Ningbo?
Located in the eastern part of Zhejiang Province, Ningbo is a sub-provincial city and one of the three major economic centers in Zhejiang, even in China.
Through long-standing history, Ningbo possesses a rich cultural heritage and owns neolithic cultural sites, such as China’s earliest private library: Tianyi Pavilion. The local people in Ningbo have long cherished the tradition of respecting intellectuals and emphasizing much on education. Meanwhile, Ningbo is also the seaport in southern China. The city is not only one of the starting ports of the Maritime Silk Road but also an important oriental port. These ports connect Ningbo to more than 600 ports in over 100 countries and regions all over the world. Besides, it is also a famous hometown of many overseas Chinese. Overseas, Ningbo’s confraternity has become an important bridge linking Ningbo with other parts of the world.
An Introduction to Ningbo
We offer Ningbo Company Registration and help you establish a Wholly Foreign Owned Enterprise in Ningbo, and we can also provide the registered address in Ningbo.
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