Setup WFOE in Shanghai
Hotline: 86-755-82147392, Email:info@citilinkia.com
Shanghai Wholly Foreign Owned Enterprise (WFOE), also known as Wholly Owned Foreign Enterprise (WOFE), is a limited liability 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.
A 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 WFOE should not be Chinese nationals.
Procedures are as followings:
Step 1: Pre-Name Registration
Step 2: Application for Approval Certificate
Step 3: Application for Business License
Step 4: Organization Code Certificate
Step 5: Company Chop
Step 6: Foreign Exchange Registration
Step 7: Open foreign currency capital account
Step 8: Open foreign currency settlement account
Step 9: Open RMB settlement account
Step 10: Tax Registration
Step 11: Statistics Registration
Step 12: Finance Registration
Step 13: Customs Registration
Step 14: Capital Verification
Step 15: Apply for VAT general taxpayer
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling 86-755-82147392 or emailing to info@citilinkia.com.