Shanghai WFOE Registration Policy Service
Shanghai hotline: 021- 68877368
Shanghai WFOE Registration Policy, means the regulations for Shanghai WFOE Registration.
Shanghai Wholly Foreign Owned Enterprise (WFOE) setup 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.
Shanghai WFOE can engage itself in approved business activities and issue tax invoices on its own. It is a corporation and a tax resident. All shareholders of Shanghai WFOE should not be Chinese nationals.
Shanghai Wholly Foreign Owned Enterprise (WFOE) Setup-Name of Shanghai WFOE
The name of Shanghai WFOE is governed by "Regulations on the Management of name of Enterprises". Since Shanghai WFOE is a limited liability company, its name should be in the form of "Name of City + Name of the Enterprise +Industry+ Company Limited ". Accordingly, a company registered in Shanghai will normally bear a name like: USCorp Software Development (Shanghai) Limited.
Shanghai WFOE application is a four-step procedure：
Step one: Application for approval of intended investment activities (project proposal). The examination and approval authority shall reply within 20 days on receipt of the proposal.
Step two: Application for intended name to be used by the WFOE with the Shanghai Administrative Bureau for Industry and Commerce.
Step three: Application for the approval of feasibility study, constitution (memorandum and articles of association). A feasibility study will be prepared covering financing, site selection, technological process, equipments, raw material supply, market survey, economic results, foreign exchange, infrastructure facilities, etc.
Articles of Association should be prepared and submitted to the examination and approval authority. The examination and approval authority shall reply within 30 days on receipt of the feasibility study report and articles of association.
After the feasibility study report and articles of association have been approved, the applicant shall apply to the examination and approval authority, which shall issue the Approval Certificate within 3 days after receiving the application.
Step four: Registration with the Administration for Industry and Commerce. The company may then register with Shanghai Administrative Bureau for Industry and Commerce within 30 days after receiving the Approval Certificate and apply for the business licence. Shanghai Administrative Bureau for Industry and Commerce shall issue the business licence within 10 working days to those projects approved by the examination and approval authority of Shanghai. The enterprise is deemed as established on the date when the business licence is issued.
The foreign enterprise may engage an agent authorized by Shanghai Municipal Foreign Economic Relations and Trade Committee to handle its application on its behalf.
Shanghai Wholly Foreign Owned Enterprise (WFOE) Setup-Shanghai WFOE Business Address
A separate business address, located in commercial buildings or locations is required as the official address. One address could be used by one company only.
Shanghai WFOE Registration Preferential Policy
Subscribed capital system has been applied in most business of WOFE, which relaxs controlling over market entry.
For production enterprises, operating period is more than 10 years, the enterprise income tax rate is 24%, from the year begin to make profit, exempt corporate income tax for 2 years.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling
Shanghai Hotline: 021-68877368, 18101640557
Fax：58402186
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai