Shanghai WFOE Registration
Shanghai hotline: 021- 68877368
WFOE(Wholly Foreign Owned Enterprise) means enterprises which are established inside China in accordance with Chinese laws, and whose capital are all invested by foreign enterprises, economic institutions or individuals.
Time needed
All the documents are ready, consulting enterprise: 40-50 working days
All the documents are ready, trading enterprise: 60-90 working days
All the documents are ready, manufacturing enterprise: 60-90 working days after getting pre-approvals.
Advantages of WFOE
The advantages of incorporation a WFOE, compared with other types of enterprises, include, but not limited to:
Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to their customers in RMB and receive revenues in RMB;
Capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
Protection of intellectual know-how and technology;
For Manufacturing WFOE, no special requirements for Import / Export license for its own products;
Full control of human resources
Greater efficiency in operations, management and future development.
4.Industries needed to apply for pre-approval
Apply for the following trades and industries, you need to go to the relevant departments for special permit, also known as pre-Approval. E.g.：The food circulation lisence、Wholesale liquor license、Talent intermediary、travel agency、agency bookkeeping、carve industry、medicines、Gas stations、storage of refined oil、slaughter, education, religious groups, the auction industry, the pawn, car parking, lawyers, accounting services, agency billing, human resources intermediary, employment, study abroad institutions, investment immigration agencies, construction, decoration, engineering, road freight transport, publication printing, cosmetics, food production and operation, travel agencies, medical institutions, medicine and equipment, insurance, banking and so on.
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