Procedures for Shanghai WFOE Registration Service
Shanghai hotline: 021- 68877368 anitayao@citilinkia.com
Procedures for Shanghai WFOE Registration, the procedures of registering Shanghai WFOE is complex, now let us go through the part.
The Definition
The Wholly Foreign Owned Enterprise (WFOE or WOFE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China's entried into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well. With that, any enterprise in China which is 100% owned by a foreign company or companies can be called as WFOE.
Shanghai WFOE Registration-Application Documents for WFOE in Shanghai
1. A project proposal and feasibility study report (in print and under the company seal);
2. Original copies of the application paper and the resolution by the Chairman of the Board of the foreign investor (in printed form signed by members of the Board and with company chop);
3. Copies of the business licenses of certificates of incorporation of the foreign investor (usually with the permission chop from the government department.);
4. An original copy of leasing agreement with chop of the Housing Department.
5. Directors name list of board or management.;
6. An original copy of the corporate ratification paper (2 copies in duplicate).;
7. Two original bank credibility letters for the foreign investors, stating 7-digits bank balances, issued within 6 months in both English and Chinese language.;
8. A copy of the approval paper for corporate formation and other papers for company alterations (the original are required for check-up);
9. Notice of enterprise’s name confirmation appraised by the Industry & Commerce Administrative Bureau.
10. 2 photos of the legal person of WFOE.
11. A copy of the stub of corporate certificate of approval.
Procedures for Shanghai WFOE Registration
Fill the application form——pay the advance payment——Check the company name with local ICAB——Make M&A and Feasibility Study Report——Go to the Foreign Economic & Trading Commission for Certificate of Approval——Apply for the Business License from ICAB——Apply for chops from the Public Security Bureau——Apply for the Organization Code License from Bureau of Quality and Technical Supervision——- Apply for the Tax Registration License from Tax Bureau—- Apply for Foreign exchange registration license from State Administration of Foreign Exchange——Open the basic bank account——Apply for Statistics Certificate――-Apply for Financial Registration License
Contact Us
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