Shanghai Hotline: 021- 58763186 , +86 18101649652
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WFOE also known as Wholly Foreign Owned Enterprise, it is a popular and widely acceptable structure for companies across industries in China. If the WFOE trades, wholesales, retails or franchises, we call it a Trading WFOE; if it manufactures, a manufacturing WFOE. If the WFOE implements are consulting and advisory business, it is called a Consulting WFOE. Register a WFOE in Shanghai is a wise decision and can enjoy many favorable policies. This article is to introduce the procedures of Shanghai WFOE registration for your references.
Procedures of Shanghai WFOE Registration
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:
1. Name registration with State Administration of Industry and Commerce (SAIC)
2. Certificate of Approval by Ministry of Commerce or Foreign Economical Cooperation Bureau
3. Apply for Business License with SAIC
4. Chops made by Public Security Bureau (PSB)
5. Organization Code License by Technical Supervision Bureau (TSB)
6. Tax Certificate by Taxation Bureau
7. Registration and Approval with State Administration of Foreign Exchange (SAFE)
8. Open foreign currency and RMB bank account
9. Inject capital from investor’s overseas bank account
10. Capital Verification Report by Certified Public Accountant (CPA)
11. Apply for permanent Business License with SAIC
12. Financial certificate registration
13. Statistics license registration
14. Import/Export license (applicable for Trading & Manufacturing WFOE)
We are an international group company based in Hong Kong with 20 years experience.We are business services provider, industry investor and platform operator. Through two decades of development, we have formed a far-reaching business network, establishing offices domestically in Beijing, Tianjin, Shanghai, Guangzhou, Shenzhen, Dongguan, Chengdu, Nanchang, Yiwu, Xiamen, Quanzhou, Hong Kong, and Hainan, and internationally in Malaysia, the United States, the United Kingdom, etc. We provide one-stop turnkey and tailor services to offshore investment, ranging from business start up, business follow up to business speed up and business value up.
If you intend to register Shanghai WFOE, please feel free to contact us, we are glad to offer our professional services for you.
Tel: 021-58763186
86-18101649652
Email: 2355725118@qq.com
Address:Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai
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