Overview of Yiwu
Yiwu is located in Jinhua and Quzhou Basin, at east longitude 119
degrees 49 minutes to 120 degrees 17 minutes and north latitude 29
degrees 02 minutes 13" to 29 degrees 33 minutes 40", and in the
geographical center of Zhejiang Province.
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. The length
from north to south is 58.15 kilometers and from east to west is
44.41 kilometers wide. Yiwu, a pearl of China market, is striving
to improve investment environment and to provide favorable
conditions for foreign investers.
Yiwu City Foreign Trade and Economic Cooperation Bureau has also
drawn up "a Guide to Yiwu Investment Promotion Projects", and
actively promoting the industrialization of investment.
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.
Yiwu Representative Office Registrationis also called Yiwu Representative Office setup, Yiwu
Representative Office formation, Yiwu Representative Office
incorporation and Yiwu Representative Office establishment.
Yiwu Representative Office Registration-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
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
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
Cannot employ the staff directly, which must be processed through a
third-party intermediate agencies with relevant qualifications.