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WFOE Setup in Shenzhen

Update Date:2020-02-18 16:42:40     Source:www.3737580.com     Views:281

WFOE Setup in Shenzhen

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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.

 

 

Here listed a complete WFOE registration, bank opening and tax registraiton process. Please kindly refer to the following restration. 

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

 

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