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WFOE Company Registration

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Documents Required

WFOE China Company Registration

Documents Needed

  • 1. The copy of the Company Directors Passports.                2 x Passports Copies that are notarized by the local authority and endorsed by the Chinese Embassy in your country

  • 2. 2x Bank Reference Letters from investor’s bank. The original bank reference of the Directors (issued by the bank)

  • 3. Passport copy of: (a) Parent company's director (b) China company's Legal Representative and (c) China company's supervisor

  • 4. The China Legal Representative provide 6 photos (2 inches size on white background) and a brief resume CV (from the age of 18) (passport copy for foreigner and ID card copy for Chinese)

  • 5. Registered capital; Business Scope; 3 proposed Chinese names of China company

  • 6. Registered Address

  • -2x copies of the property ownership certificate of the registered address 

  • -2x copies of the original lease contract and invoice of the registered address  (If you using our Registered Address-This will be supplied by us More info)

  • 7. Other documents that support your application , like business plan , scope of work in Chinese

Trading WFOE

Only a Trading WFOE need documents: The latest annual audit report copy from the parent company which provided by a Certified Public Accountant (CPA) and Custom HS Code of the proposed Import/Export products in China

Your Quick Check List

  • 2x Passports Copies

  • 2x Bank Reference Letters

  • Legal Representative – Photo’s Passport copy , Resume

  • 3 proposed Chinese names of China company

  • Registered Address

  • Identity document copies of the manager , supervisor ,etc

 Setup Steps & Documents Required

Preparing and Presenting a Project Proposal

The foreign investor has to complete a project proposal and present it to the government authority that will decide whether or not to approve the proposal within approximately one month after receiving the proposal.

Submitting the proposed company names

3 optional names are required.

Preparing and Submitting a Feasibility Study Report

After the project is approved, the foreign investor has to prepare a feasibility study. The authority will help to coordinate on the project if any problems should arise.

Submitting the Articles of Association

While the foreign investor is preparing the report on the feasibility study, he may also draw up the articles of association and submit them to the authority that will reply around one month after receiving the feasibility study report and articles of association.

Application for the Approval Certificate

After the report on the feasibility study and articles of association are approved, the foreign investor has to apply for the Approval Certificate, which will normally be issued within one week.

Application for the Business License

The foreign investor has to make an official registration with the government authority within 30 days upon receiving the Approval Certificate and then apply for a Business License. The authority will normally issue the Business License within 30 working days.

The procedures and related documents may vary depending on specific projects, Chinese regulations and special approval as well. However, the Wholly Foreign-Owned Enterprise is officially established on the date when the Business License has been issued.

The Wholly Foreign Owned Enterprise, abbreviated WFOE, is a common investment vehicle for mainland China-based business.  The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles.  WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds. This can give greater control over the business venture in mainland China and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner. Such problems often include profit not being maximised, leakage of the foreign firm's intellectual property and the potential for joint venture partners to set up in competition against the foreign firm. However, WFOEs often have difficulty building up the necessary personal relationships or 'guanxi' which are of great importance in conducting business in mainland China.

WFOEs are often used to produce the foreign firm's product in mainland China for later export to a foreign country. They do not automatically have right to distribute their products in mainland China, though a recent variant (the Foreign Invested Commercial Enterprise WFOE) has the ability to do so.

 
 
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The Wholly Foreign Owned Enterprise (WFOE) 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, with China's entry 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.

The registered capital of a Wholly Foreign Owned Enterprise (WFOE) should be subscribed and contributed solely by foreign investor(s). A WFOE does not include branches established in China by foreign enterprises and other foreign economic organizations. The Chinese Laws on WFOE do not have a clear definition of the term of "branches". The term of "branches" should include both the branch companies engaged in operational activities and representative offices, which are generally not engaged in direct business activities. Therefore, branches and representative offices set up by foreign enterprises are not WFOE.