Shanghai WOFE formation
Hotline: 86-21-68877368,86-755-82143410, Email:2355725105@qq.com
WOFE Establishment is also known as Shanghai Wholly Owned Foreign Enterprise (WOFE). Shanghai WFOE is a limited company, the establishment of which is governed both by the Company Law of PRC and Law of the PRC on Enterprises Operating Exclusively with Foreign Capital.
WOFE Establishment-Material Should be Prepared by Clients
1. Choose One proposed name (in Chinese) for company registration, and provide two or more alternative names in case the first name is not available. In Shanghai China, only Chinese company names are officially used, while English company names are for reference only. Not every name will be accepted by the ICAB (Company Registry). For some sectors such as education, logistics, medicine and food industries, a special pre-approved license is needed. It is important that you know the wording of a company name should conform to the registered capital and business activities. The words "international" or "investment" or "industrial" within a company name suggest that the registered capital should be more than RMB 10 million, while a "group'' or "holding" should be more than RMB 30 and 50 million respectively (The detailed information depends on the local stipulation). Your company name should be distinguished from the other registered names. If the word “China” is within the company name, it is required to be pre-approved by ICAB at national level in Beijing.
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2. Choose Business Scope
The WFOE can doing business within its approved business activities described on the business license. ATAHK will help you for more business activities during the application. Amending the business scope requires further application and approval. Generally speaking, different business activities are confined according to different business sectors;
3. Find the registration address for the company;
4. Confirm who will hold the listed position, such as Shareholders, the legal representative, director, supervisor etc;
A shareholder could be a legal person (foreign company) or a natural person (individual);
A legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business. The position could also be held by non-shareholder or non-director;
A director could be acted by a foreign person or a Chinese person;
A supervisor should be appointed to supervise the company’s operation and management. A monitor could be acted by a foreign person or a Chinese person;
5. Prepare ID or passport copies of the legal representative, director, manager and supervisor;
6. Prepare the notarized and authenticated documents (first the business license or certificate of incorporation copy should be notarized in the local state secretary or notary public, then the Chinese embassy should confirm the notarized document is a true one);
7. Prepare bank proof (issued by the bank to prove that the person or the company has opened an or many accounts there and until the date to issue the letter, the account has been managed in a good manner or the account is satisfactory).
WOFE Establishment Contact us
If you have further queries in WOFE Establishment, please don’t hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website www.3737580.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-21-68877368 021-31397142 021-31397141 021-58822399, or emailing to hkcfm-shanghai@163.com, or adding our skype：shtannet123. You are welcome to our company 15F, No.855 World Plaza, South Pudong Road, Pudong District, Shanghai, China.