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Shanghai WFOE Registration Overview

Update Date:2018-6-6 15:40:33     Source:www.3737580.com     Views:534

Shanghai WFOE Registration Overview Service

Shanghai hotline: 021- 68877368

 

Shanghai WFOE Registration Overview , that is the general situation for the Shanghai WFOE Rgistration. Such as the materials, the process etc.

 

1. Name of Shanghai WFOE

Name of WFOE can not be repeated. The industry is related with the registered capital. You should prepare more than 3 names. The format of names: Shanghai+ word size+ industry +limited company, or Word size + Shanghai+ industry + limited company. E.g. Tannet group (Shanghai) limited company

 

2.Registered capital
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).

 

3.Shareholder 、Director、supervisor and legal representative of the company
Shareholder:one or more than one 18 years old foreign natural or legal persons(inculd hongkong,macao and taiwan)
Director :can be foreign or chinese;
Supervisor :whether Chinese or foreign can hold this position, if only one shareholder, should also provide supervisor).

5.WFOE Application Procedures
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. 

 

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

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