WFOE Consulting Registration
How to Order – 3 Easy Steps
Company Registration Information
- Business License (WFOE)
Articles of association (Chinese language)
- Company stamp, Financial stamp, Fapiao seal and Legal Representative stamp
- Physical address fee in the Development Zone for 1 year
- Open the account in Foreign Expert Affairs
- Notification Letter of Foreigner’s Work Permit (one person)
- 1 PU Letter Application (one person)
Frequently Asked Questions
A. The Company registration cost depends on the company type, the business scale, and the business industries. Therefore, if you want to set up a company in China, just contact us directly. We’ll analyze your company situation and then provide the most cost-saving proposal.
A. In China, the official name of a company consists of four parts: administrative region, designation name, industry characteristics, and organizational form. Firstly, the administrative region name includes different regions or cities where you register the company. Secondly, the designation name includes two or more Chinese characters. Thirdly, the industrial characteristic includes the name of the products, business, or industries such as trade, culture, technology, advertising, etc. Fourthly, the organizational form includes the limited company, liability limited company, RO, etc.
A. Generally, the foreign investor should have a 100% shareholder ratio to set up a WFOE. For the Joint venture company, at least one of the shareholders should be a foreign investor that the proportion shall be no less than 25%. Despite all this, China opens the gate for the Foreign Invest Enterprises, the requirements for foreign investment companies are almost the same as the Chinese companies.
A. According to Company Law, registered capital is the fund all the shareholders contribute or promise to contribute to the company as they apply with local State Administration for Market Regulation (SAMR) for incorporation, and the amount of the registered capital will be listed in the company’s Business License. Generally, it is the Subscription Capital system, there is no time limit for fund injection now.
A. To set up a company in China requires an office and the provision of a lease agreement, a copy of the real estate license, and other related materials. Furthermore, if you don’t have a rented office in China, we can help you to find the best office and provide you the registration address in the Development Zone. Briefly, you can use this cost-saving company for company registration and rent an ideal office when you start your business in China.
A. The Chinese company law stipulates that an enterprise may not operate business beyond the business scope of the business license, otherwise it will face a fine. Therefore, you must first determine the main operations to ensure that the company can legally operate these industries. If you are unsure whether to do the added business scope, you can go to the State Administration for Market Regulation (SAMR) to ask the questions. That’s why the Chinese business scope is very important for your company.
A. Wholly Foreign Owned Enterprise (WFOE or WOFE) refers to foreign enterprises, corporations, economic organizations, or individuals that are 100% owned and capitalized in China by foreign investors. Thus, the WFOE doesn’t include the Joint venture enterprises, Representative Offices, or the branches of foreign companies, etc. Most notably, unlike the other investment vehicles in China, the unique feature of a WFOE is that the involvement of a mainland Chinese investor is not required. That’s why the WFOE is the most popular corporation for the Foreign Invested Enterprises (FIE).