Shanghai WFOE establishment time
86-21-68877368
Do you want to register your startup or open a representative office of your overseas company in China?
Then you are on the right spot! We help foreign investors, startups, enterprises and individuals to establish and register theircompany in Mainland China.
GENERAL CATEGORIES OF WFOE
Manufacturing WFOE, allowing WFOEs to only manufacture.
Consulting WFOE, allowing WFOEs to provide Consulting and Services.
Trading WFOE (also known as Foreign-Invested Commercial Enterprise “FICE”) allowing WFOEs to do trading activities as well as assembly
REGISTERED AND PAID-UP CAPITAL
Recently, there have been some amendments in the PRC company law making the business set up process even easier for foreign investors. According to the amendment, the restrictions on the ratio of initial capital contribution have been removed and also, the time limit for capital contribution will no longer exist, unless the law, regulations or decisions of the State Council otherwise specifies for certain companies. Despite this flexibility, the companies are encouraged to have sufficient registered capital to start with, the money input that covers the costs so that business can reach the breakeven point.
BUSINESS SCOPE
The business scope is one of the most crucial factors when applying for a WFOE in China because this has to be defined and approved before investors can proceed in conducting business. The approval is to be found in the business license. When the business scope is modified, then it will need to be specified and approved again. Besides, negotiations with approval authorities are not excluded and can be done as long as it is an acceptable agreement. Certain sectors, such as tourism, accounting (bookkeeping, CPA), food, cosmetic, etc., requires pre approval from certain authorities.
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