Where Your China Business Starts, Business Registration Services in China since 1999.Your Path To China

Wholly foreign owned enterprise setting up in China

[ NEWS! ] RMB 100,000 ~ RMB 500,000 (approx. USD 15,000 ~ 70,000) is minimum registered capital for Consulting WFOE, Service WFOE, Hi-Tech WFOE incorporation in Shanghai, Beijing and rest 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

For the Trading or Manufacturing WFOE registration in China, minimum registered capital suggestion 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)

 

Documents required

  • 2x Certificate of Incorporations or Equivalent document certified by Chinese embassy or Chinese consulate overseas [ Sample: UK , US, HK,AUS, RUS, SGP, GER, SWE, ISL etc. ] For individual investor: The passport copy of Investors need be certified by Chinese embassy or consulate. Double check with us if individual investor is in China currently
  • 2x Bank Reference Letters from investor’s bank to declare a good standing [ Sample ]
  • 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 ]
  • Brief introduction of the foreign investor(s) including name, address and telephone number
  • Registered capital; Business Scope; 5 proposed Chinese names of China company
  • Office address, 2x leasing contracts [ Sample ] , 2x certificate of real estate ownership [Sample], and 2x landlord identification [ Individual, Company ]
  • Letter of Authorization [ Sample ]
  • Only a Trading WFOE need these documents: The latest annual audit report copy from the parent company which provided by a Certified Public Accountant (CPA) [ Sample ] and Custom HS Code of proposed Import/Export products in China [ Codes ]

The above documents are enough to register a Trading WFOE, Service WFOE & Consulting WFOE. But you will have to prepare following extra documents if investors want to incorporate a Manufacturing WFOE in China:

  • 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 companies are not allowed to directly submit the application documents of incorporate 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 authority on behalf of the foreign enterprise. Procedures to set up the Wholly Foreign Owned Enterprise in Shanghai are as 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
  • Chops made by Public Security Bureau (PSB)
  • Organization Code License by Technical Supervision Bureau (TSB)
  • Tax Certificate by Tax 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)
  • Applying for Permanent Business License with SAIC
  • Financial certificate Registration
  • Statistics license Registration

Obtain Import/Export license (Optional, Only for Trading WFOE, about 1 month)

More information about WFOE:

Feel free to contact us if you have any question or need of any assistance.



Shanghai & East China Office:
Tang Ning (Shanghai) Ltd.
Address: Suite 9B, Yinli Building, 485 HeNan (North) Road, Shanghai 200071 [ MAP ]
Operation Time: Monday to Friday 9:00AM-17:30PM
Tel: (8621) 5108.8535 (You can inquire in English)
Fax: (8621) 5102.5277
Regional Partner: Mr. Li Jun
Mobile: (86)1360.1680.738
E-mail: info@pathtochina.com

Beijing & North China Office:
Address: 5/F CBD International Mansion, 16 Yong'An Dong Li, Chao Yang District, Beijing [ MAP ]
Operation Time: Monday to Friday 9:00AM-17:30PM
Tel: (8610) 6563.7625 (8610) 6300.3120 (You can inquire in English)
Fax: (8610) 6563.7624
Regional Partner: Ms. Mira Abdulhimit
Mobile: (86) 1343.645.8667
Email: sales@pathtochina.com

Hong Kong Office:
Address: Suite 1701, Henan Building, 92 Jaffe Road, Wanchai, Hong Kong [ MAP ]
Tel: (852) 8198.0086
Mobile: (852) 6877.8862
Fax: (852) 8198.0080
Email: hk@pathtochina.com

Any enquiries from
Australia & New Zealand
Please Contact: (02) 8005.0506

©2001-2008 PathToChina.com | Privacy Policy | Legal Warnings | Chinese GB Big5