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Wholly foreign owned enterprise Formation in China

Last Updated: Jan. 3, 2012

[ NEWS! ] RMB 100,000 ~ RMB 500,000 (Approx. USD$ 15,000- 75,000) is the minimum registered capital for Consulting WFOE, Service WFOE and Hi-Tech WFOE incorporation in Shanghai, Beijing, Shenzhen, Tianjin, Guangzhou, Hangzhou, Ningbo, Suzhou and many other cities of China. Information provided below will guide you to:

Documents Required & Registration Procedures of WFOE

Condition(s):

Consulting WFOE, Service WFOE, IT WFOE minimum registered capital: RMB 100,000 ~~ 500,000, Approx. USD$ 15,000- 75,000 (note: most districts of Shanghai already refuse to approve registered capital below RMB 300,000 since 2009.

For Trading or Manufacturing WFOE registration in China, our suggested minimum registered capital is still 140,000 USD or 100,000 EURO (20% as initial paid-up within 3 months and the balance 80% should be injected within 2 years)

For Food & Beverage WFOE registration, the minimum registered capital would be RMB 500,000 (20% as initial paid-up within 3 months and the remaining 80% should be injected within 2 years)

Below is the required documentation for WFOE formation in China. (Item 1,2,7,8 should be prepared before visiting China:

CHECKLIST:

Documents required

  • 2x Certificate of Incorporations, Articles of Formation or Equivalent document certified by Chinese embassy or Chinese consulate overseas [UK , US, HK, AUS, RUS, SGP, GER, SWE, ISL etc. ] For individual investor: 2x Passport copies of Investors need be certified by Chinese embassy or consulate. [investorindividual investor] Double check with us if individual investor is currently in China as some cities in China allow individual investor to submit with their original passport.
  • 2x Bank Reference Letters from investor’s bank (declare a good standing)[-bank refernce letter-]
  • Passport copy of: (i) Parent company's director (ii) China company's Legal Representative and (iii) China company's supervisor
  • China Legal Representative provides: 6 photos (2 inches size), brief resume [ -Sample- ]
  • Registered capital; Business Scope; 8 proposed Chinese names of China company
  • Office address in China, 2x leasing contracts [-contract- ] , 2x certificate of real estate ownership [-Sample-], and 2x landlord identification [ Individual, Company ]
  • 4x Letter of Authorization [-Sample-]
  • For Trading WFOEs only: The latest annual audit report copy from the parent company: provided by a Certified Public Accountant (CPA) [-audit report-] and Customs HS Code of proposed Import/Export products in China [ Codes ]

The above documents are good enough to register a Trading WFOE, Service WFOE & Consulting WFOE. For a manufacturing WFOE establishment, you will also need:

  • Purpose and estimated investment
  • WFOE's operational structure and number of employees
  • Permission for land use, environment evaluation report
  • Products, size of production, detailed list of equipment, and business plan
  • Environmental protection measures
  • Requirement for utilities such as power and water supply

Registration Procedures

Foreign investors are not permitted to directly submit the application documents of incorporate a WFOE to the relevant authority in China. They must retain a PRC entity that is authorized or permitted by relevant authorities to act as a sponsor. The sponsor will submit all the documents to the examination and approval authorities on behalf of the foreign investor. Procedures for setting up a Wholly Foreign Owned Enterprise in China are the following:

  • Name registration with State Administration of Industry and Commerce (SAIC)
  • Certificate of Approval by Ministry of Commerce or Foreign Economical Cooperation Bureau
  • Apply for Business License with SAIC [-what is a business license?-]
  • Chops made by Public Security Bureau (PSB)
  • Organization Code License by Technical Supervision Bureau (TSB)
  • Tax Certificate by Taxation Bureau
  • Registration and Approval with State Administration of Foreign Exchange (SAFE)
  • Open foreign currency and RMB bank account
  • Inject capital from investor’s overseas bank account
  • Capital Verification Report by Certified Public Accountant (CPA)
  • Apply for permanent Business License with SAIC
  • Financial certificate registration
  • Statistics license registration
  • Import/Export license (applicable for Trading & Manufacturing WFOE)
  • newValue Added Services: Free Visa service, 2 months accounting serivce and morearrow

More information about WFOE:

Contact Our Regional Partners in Beijing, Shenzhen, Shanghai, Hangzhou or Hong Kong for more details:


Office Time: Monday To Friday 0900AM-1730PM

Shenzhen & Southern China Office:
E-mail: info@pathtochina.com
Suite 2812, 28/F, Tower A, Zhongshen Building, 2012 Caitian Road, Futian District, Shenzhen, China 518033 [-MAP-]
Tel1: (86.755) 6128.6800; Tel2: (86.755) 8257.4170 (You can inquire in English)
Consultant: Ms. Daisy Dai

Beijing & Northern China Office:
E-mail: gifty@pathtochina.com
5/F CBD International Mansion, 16 Yong'An Dong Li, Chao Yang District, Beijing 100022, China [-MAP-]
Tel: (86.10) 5166.4212 (You can inquire in English)
Tel: (86.10) 6563.7624
Regional Manager: Ms. Gifty Jia

Shanghai & Eastern China Office:
E-mail: lijun@pathtochina.com
1038 West Nanjing Road, Suite 2508, 25 Floor, Westgate Tower, Shanghai 200040, China [-MAP-]
Tel: (86.21) 5108.8535 (You can inquire in English)
Tel: (86.21) 6218.6226
Regional Manager: Mr. Li Jun

Hong Kong Office:
E-mail: simon@pathtochina.com
Suite 1701, HeNan Building, 92 Jaffe Road, Wanchai, Hong Kong[-MAP-]
Tel: (852) 6877.8862 (You can inquire in English)
Regional Partner: Simon Lee
Fax: (852) 8198.0080


Hangzhou & Ningbo Liaison Office:

E-mail: grace.lim@pathtochina.com
Hangzhou Liaison Office: Suite 4202, 4/F, Euro America Center[-MAP-]
18 Jiao Gong Rd., Hangzhou 310007, China
Regional Consultant: Ms. Grace Lim
Tel: (86.21) 6218.9991


Other Parts of China:
Regional Manager: Mr. Chris Keir
E-mail: China@PathToChina.com
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