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Already made the decision to setup your business in Shanghai and start to prepare? Don’t Rush to take actions! Before that, there are a few key points that you’d better figure it out first. This article compiled the key points related to Shanghai WFOE Registration for your reference, hope that would help.
Key Point 1: Check the requirement of registered capital or entrance capital of the WFOE you are intend to register.
There are several types of the WFOE, for instance: Trade WFOE; Consulting WFOE; Manufacturing WFOE, etc. Though there is no defined minimum capital requirement of Shanghai WFOE registration, while it is not possible to set up a company in China with zero capital. Before you move on, please check if there is any requirement of the registered capital and what’s the suitable registered capital for the type of the WFOE you intend to setup.
Key Point 2: Do survey about the tax type, tax rate, operation efficiency of the WFOE you are intend to register.
The ultimate goal of Shanghai WFOE Registration for you is make profit or enlarge the business. There are some issues that have a great impact on you business, which may include tax, operation environment; talents, the amount of profit allowed to “exported” and such things. Before you actually register the company, you are kindly advised to make an all-round survey, which may benefit a lot for your future business.
Key Point 3: The legal representative
Both Chinese and foreigner can take the position of the legal representative of the company, it also need to be cautious before you decide which one to appoint as legal representative. A legal representative needs to be appointed who is the ultimate person taking up all responsibility of the WFOE.
Key Point4:Select professional service company
Since all steps and documentations submitted may have profound effect on the WFOE registration, as well as future business operation, you’d better choose a professional services company to handle application process and provide professional consulting services.
For more information and consulting services, please feel free to contact us, we are glad to offer you our professional services.
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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