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Yiwu Business Setup (RO)

Updated:2018-5-9 16:14:30    Source:www.tannet-group.comViews:133

Yiwu Representative Office Registration
Hotline: 86-755-82143422, Email:tannet-solution@hotmail.com

Yiwu is located in Jinhua and Quzhou Basin. It lies on the east of Dongyang, south of Yongkang and Wuyi, west of Jinhua and Lanxi, and north to Zhuji River. Far away from the provincial capital Hangzhou hundred meters, the City is surrounded by the mountains on east, south and north three sides. Yiwu, a pearl of China market, is striving to improve investment environment and to provide favorable conditions for foreign investors.

Representative Office (RO) is established by foreign companies to engage in business liaisons, quality control, product promotion, market research, exchange of technology and other permitted activities in China. Below is a brief introduction to RO registration in Yiwu.

Features of a Representative Office in Yiwu
1. Legal status and Business scope of Yiwu representative office
The Representative Office has no qualification of a legal entity, is not allowed to directly engage in operational activities, as shown in the Business License of ROs, that a RO should not engage in direct operational activities, such issue invoices on its own, remitting outward, signing sales or purchase contracts, or receiving income from services performed but may act as business liaison, product promotion, market research, exchange of technology for its parent company.

2. Name of Yiwu representative office
The name of the Representative office should be in the form of "Name of the Enterprise + Name of the City + Representative Office (or Office)".

3. Min-registered capital of Yiwu representative office
No requirement on the capital for the establishment of a RO.

4. Financial services for Yiwu representative office
The RO may open account in bank and accept the payment from the parent companies overseas. However, the remittance can only be used for the day-to-day expenses. They are not allowed to open L/C account in bank and to accept other more extensive financial services.

5. Business Address of Yiwu representative office
The business address must be located in commercial buildings approved by the government.

6. Hire staff for Yiwu representative office
Representative office cannot employ the staff directly, which must be processed through a third-party intermediate agencies with relevant qualifications.

Documents Required for RO Registration
1. Certificate of Incorporation or equivalent document certified by Chinese embassy or Chinese consulate overseas.
2. Bank Reference Letter from investor's bank to declare a good standing.
3. A brief summary of the operations and business of the parent company, such as the principal business activities, registered address, contact phone number, fax, name of the parent company; director of parent company's passport copy
4. China Chief Representative: Resume; photos; passport copy certified by Chinese embassy or Chinese consulate overseas.
5. If there are General Representatives to be stationed in Yiwu in addition to the Chief Representative, the resume, pictures, passport copy certified by Chinese embassy or Chinese consulate overseas;
6. Original leasing contract of the office premise to be used by the Representative Office; the lease term should be at least 12 months; the lease contract should be register in building administer department.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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