Shanghai FTA Registration Service
Hotline: 86-755-82148419, Email:2355725105@qq.com
Shanghai located in the Yangtze River delta front, facing East China Sea, in the middle of north-south coastline, with excellent natural conditions, convenient transport links, dense population, boom economy and prosperous culture. Shanghai is China's largest economic center and the world's leading port city, so it leads an extremely important role in China's economic development.
The concept of a wholly foreign owned enterprise
Wholly foreign owned enterprise(WFOE) is overseas investor (include HongKong,Macao，Taiwan investors) invested in China and total capital investment invested by the foreign investment enterprise according to the law of the People's Republic of China and other relevant laws. Foreign investors refers to the foreign enterprise personal or partners (including Hong Kong Macao Taiwan).
Company Name
Company name is irreproducible.
Constituting name: Company name generally consists of four parts :administrative divisions + name + industry characteristics+organizational form.
EG: Shanghai-Honglin Trade Co.,Ltd. --- Honglin (Shanghai) Trade Co., Ltd.
Requirements for Capital and Shareholder, Director,Supervisor,Leagal person
About: Capital . Subscribed capital system is applied. However, Finance lease,Travel Agency, and Fund Management Company still be appropriate for Real payment system.
For the manufacturing enterprise, the registered capital is usually required USD 140,000 or above (USD 200,000 is much better)；For the trading enterprise, the registered capital is usually required as much as USD 140,000; For the service sectors, such as consultancy, technology, market research and development, the registered capital is usually required USD 100,000.(All of the registered capital must be paid).
Shareholder:at least one aged over 18 years old foreign natural persons or legal persons(inculd hongkong,macao and taiwan)
Director :can be foreignor or chinese;
Supervisor :whether Chinese or foreign can hold this position, if only one shareholder, supervisor is provided.
Leagal person: can be foreignor or chinese; it can be shareholder or director or not.
Industries needed pre-approval application:
Apply for the following trades, you should go to the relevant departments to apply for a special permit, such as: food distribution license, liquor wholesale license, talent agency, travel agencies, bookkeeping, engraving industry, medicine, education, pawnbroking, car park, lawyers, accounting services, employment, study abroad, investment immigration agencies, construction, shipping, cosmetics, food production and management.
Materials for Shanghai WFOE registration are as follows:
I. Investing as a foreign corporate:
(1) 3 company Chinese names at least;
(2) 2 original Notarization of the business license or certificate of incorporation of the parent company（It should be notarized by domestic notarization Department and endorsed by local China Embassy）;
(3) 1 original bank reference letter（It is opened from investor's bank, the deposit money is not less than the registered capital in China, issued within 6 months in both English and Chinese version）;
(4) Recent 1 year Audit report from foreign investing company;
(5)Registered capital, investment ratio, and business scope;
(6) Photocopies of Corporate and supervisors’ identity materials, (if a board of directors, please provide copies of board membership);
(7) Articles of associations and Feasibility Study Report (Tannet provides with standard template);
(8) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);
(9)House Rent: Manufacturing enterprise：original Contract of rent in triplicate，3 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 200 square meters // Lease period :more than one year // Use for the plant）;
Non-production enterprise：original Contract of rent in triplicate，3 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 30 square meters // Lease period: more than one year // Use for office or business）;
II. Investing as natural persons:
(1) 3 company names at least;
(2) Providing investors’passport（It should be notarized by domestic notarization Department and endorsed by local China Embassy）;
(3) 1 original bank reference letter（It is opened from investor's bank, the deposit money is not less than the registered capital in China, issued within 6 months in both English and Chinese version）;
(4)Registered capital, investment ratio, and business scope;
(5)Photocopies of leagal person and supervisors’ identity materials,
(6) Articles of associations and Feasibility Study Report (Tannet provides with standard template);
(7) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);
(8) Contract of rent.
Manufacturing enterprise：original Contract of rent in triplicate，2 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 200 square meters // Lease period :more than one year // Use for the plant）;
Non-production enterprise：original Contract of rent in triplicate，2 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 30 square meters // Lease period: more than one year // Use for office or business）
Shanghai registered foreign companies registration process
Power of Attorney - advance payment - check names (Commerce and Industry Bureau) - articles of association, the feasibility study report - investment approval and approval certificate (ECA) - business license (Commerce and Industry Bureau) - Registration and production of seals, financial seal, legal representative, signet - organization code certificate (technical supervision) - tax Registration Certificate (IRD) - Foreign Exchange Registration Certificate (SAFE) - statistics registration (Statistics Bureau) - Finance registration Certificate (Finance Bureau)
Shanghai foreign companies registration time:
Required documents are ready, service-oriented (40-50 working days), to complete Shanghai WFOE registration.
Required documents are ready, trade-oriented (50-60 working days), to complete Shanghai WFOE registration.
Required documents are ready, production-oriented (after the completion of the pre-approval 60-90 working days), to complete Shanghai WFOE registration.
Our Service Content :
Approal //Articles of Association// Feasibility study report //Approal for Foreign Investment Enterprises //Original and copy of business license // official seals, financial chapter, legal chapter // Copy of the encarve certificate // original and copy of the organization code certificate // IC card// original and copy of tax registration certificate // Foreign Exchange Registration Certificate// Import and export right application
Service charges
Service charges (12,000RMB) +government expenses (reimbursement). At the beginnin
pay 80%，after finishing the registration, pay the left 20%.
Annual Audit
After the company was incorporated from the second year of January 1 to June 30 ， the business must apply for a joint annual report, and Industrial and commercial annual report, ,the enterprise got the business license the year before December 31 must participate in annual inspection. Before 1st, July each year the companies got bussiness license must do check before the audit, the enterprise got the business license after 1st, July may directly participate in the annual inspection, and we can handle this business for you.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling Shanghai Hotline: 755-82148419, 13823131503
Fax：58402186
E-Mail: hkcfm_shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghaing New Area, Shanghai