Documents Required Registration Steps Registered Capital Items Service Range Exemplification
Documents Required for WFOE:
- 2x Certificate of Incorporations or Equivalent document certified by Chinese embassy or Chinese consulate overseas for individual investor: The passport copy of Investors need be certified by Chinese embassy or consulate. Double check with us if individual investor is in Beijing currently.
- 2x Bank Reference Letters from investor’s bank to declare a good standing
- Passport copy of: (i) Parent company's director (ii) China company's Legal Representative and (iii) China company's supervisor
- China Legal Representative provides: 6 photos (2 inches size), brief resume
- Brief introduction of the foreign investor(s) including name, address and telephone number
- Registered capital; Business Scope; 5 proposed Chinese names of China JV
- Office address, Lease contracts, real estate proved, and the real estate-related documents required by approval authority
- Letter of Authorization
Registration Steps for WFOE:
Foreign investors are allowed to directly submit the application documents of incorporate WFOE to the relevant authority in China. Procedures of setting up the Wholly Foreign Owned Enterprise in China are as following: (Not include the need for pre-approval of the establishment of wholly foreign-owned enterprises)
- Name registration with State Administration of Industry and Commerce (SAIC)
- Certificate of Approval by Ministry Of Commerce or Foreign Economical Cooperation Bureau
- Apply for Business License with SAIC
- Chops made by Public Security Bureau (PSB)
- Organization Code License by Technical Supervision Bureau (TSB)
- Tax Certificate by Taxation Bureau
- Registration and Approval with State Administration of Foreign Exchange (SAFE)
- Open Foreign Currency and RMB bank account (accountant get involve)
- Inject Capital from investor’s overseas bank account (investor arrange)
- Capital Verification Report by Certified Public Accountant (CPA recommend service)
- Applying for Permanent Business License with SAIC
- Financial certificate Registration
- Statistics license Registration
- Import/Export license (Applicable for Trading & Manufacturing WFOE only)
Minimum Registered Capital for WFOE
| Consulting WFOE |
Minimum RMB 100,000 |
| Service WFOE |
Minimum RMB 100,000 |
| Hi-Tech WFOE |
Minimum RMB 100,000 |
| Trading WFOE / FICE |
Minimum RMB 500,000 |
| Food & Beverage WFOE |
Minimum RMB 500,000 |
| Manufacturing WFOE |
Minimum RMB 1 million or USD 140,000 |
WFOE Registration in China
| Procedures |
Administrative fees
and charges |
Registration fee for administrative fees
and charges |
Organization Code license |
Tax registration |
Custom registration |
Business license cost |
Enterprise fees |
RMB currency a/c IC card |
Foreign currency a/c IC card |
Check capital(base on USD$200,000 capital) |
Company seal |
[Update] Government fee: Company bulletin fee has been cancelled since Jan. 1, 2009, original bulletin cost was RMB 4,000
Service Range
| Service Items |
Consulting Wholly Foreign Owned Enterprise (WFOE) |
Wholly Foreign Owned Enterprise (WFOE) setting up |
Exemplification
Documents for Approval of Establishment of Foreign-funded Enterprises
Any foreign investor who wishes to establish a wholly foreign owned enterprise shall submit an application to the examining and approving authority through the relevant local people’s government at or above the county level at the place where the foreign-funded enterprise is to be established, together with the following documents:
- The application of establishing Foreign-funded enterprises (with one original, signed and sealed by investors);
- A feasibility study report; (with three originals, signed and sealed by investors)
- The articles of association of the foreign-funded enterprise;
- A list of legal representative (candidates for the future board of directors) of the foreign-funded enterprise;
- Duplicate proof of subject qualification or proof of identification as a natural person for investors. The Proofs above should be certified by a notary public, and authenticated by the Chinese embassy or consulate of the country of investors. The Proofs above of Hong Kong, Macao or Taiwan Investors should be certified by their native legal notary public；photocopies of documents of appointment and duplicate proof of identification (or passport) for legal representative; the Business License or the Registration Certificate (one copy on Chinese party), the bank credit certificates for both parties; Identification certificate for foreign investors who were natural persons); if a partner is a foreign natural person, the partner shall also present valid documents on its identification, biographical data and capital credibility;
- The written reply given by the relevant local people’s government at or above the county level at the place where the foreign-funded enterprise is to be established;
- An inventory of goods and materials that shall be imported;
- Other documents as may be required (mainly include: Company Name pre-approval notices, etc.).
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