How to Register a Wholly Foreign Owned Enterprise (WFOE)in China
---Professional China Company Registration in Beijing
If you want to invest in China, you don't just turn to the relevant government departments for so many certificates and formalities, but turn to All-One. At All-One, we don't just give you tailor-made service for your need, but for your satisfaction. All-One— serving the world of business, professional and worldwide.
1. OVERVIEW OF CHINA
China, with a population of over 1.3 billion and a land area of 9.6 million km2 , has a potential market for business development. China’s GDP increases by double digits in the past few years, since the strong economic development enhanced by foreign demand and domestic consumption. Now more and more investors rush to China for business setup and market share in form of WFOE or joint venture, owing to China’s market, labor and policy advantages.
2. THE CONCEPT OF WFOE
WFOE stands for wholly foreign owned enterprise, which is a Limited liability company wholly owned by the foreign investor(s). WFOE means the foreign investors(including Hong Kong, Macau, Taiwan) established the enterprise within Chinese territory, in accordance with 《PRC Wholly Foreign founded Enterprise Law》, with capital provided solely by the foreign investor. The foreign investors refer to the foreign enterprise, individual or partner. (Including Hong Kong, Macau and Taiwan).
In China, WFOE 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.
3. How to choose a competitive COMPANY NAME for a Wholly Foreign Owned Enterprise (WFOE)? What's the regulations? And What kind of limitation you should know?
4. What's the meaning of "SHAREHOLDER, DIRECTOR, SUPERVISOR AND LEGAL REPRESENTATIIVE" for a Wholly Foreign Owned Enterprise (WFOE)in China?
5. What kind of BUSINESS SCOPE you could have, and what you can not do?
6. How much Registration Capital you should have for a Wholly Foreign Owned Enterprise (WFOE)?
7. What's the meaning of "Preferential Policy(or Pre-approval Policy)" for WFOE in CHINA?
Most of the preferential policies have been abolished since January 1, 2008, but for some sectors preferential policies still remain there, such as hi-tech or environmental protection sectors.
You will get the answers for all the questions above by simply sending an Email to us at: email@example.com
8. ALL-ONE BUSINESS SERVICE PROCEDURE:
Step1: Fill in the application form (sign the agreement);
Step2: Confirm the company name;
Step3: Pay for the service;
Step4: Submit the needed documents;
Step5: Check the documents;
Step6: Prepare for the statutory documents.
Step7: Let the investors sign the documents personally;
Step8: Submit all the documents to the government
Step9: Keep our clients informed of processing.
Step10: Finish processing in 20-35 working days;
Step11: Inform the customer to take the documents
Step12: Sign the receipt.
9. DOCUMENTS REQUIRED FOR COMPANY REGISTRATION（所需材料）：
1: Minutes or resolution from investors board of directors
2: One proposed name (in Chinese), and provide two alternative names in case the first name is not available.
3: Detailed information about the business scope and registered capital;
4: Feasibility study report;
5: Four original articles of association signed by members of the Board and with company chop;
6: Copy of the business license, certificate of incorporation of parent company;
7: The original and copy of identity certification of legal representative, and two color photos; the copy of identity certification of the directors, supervisor and manager's;
8: Two original bank reference letters (from investor's bank) indicating foreign investors' creditability, issued within 6 months in both English and Chinese translation;
9: Lawyer's legalization or notarization and endorsed by local China Embassy or Consulate
10: The lease of commercial office between leaser and lessee needed to be endorsed by the Housing Management Authority. The lease should be signed personally by shareholders, directors and legal representative.
10. Why choose ALL-ONE?
ALL-ONE BUSINESS provides one-stop tailored-made services for foreign companies which would like to set up WFOE in China.
1) Honest and Trustworthy:
---We will never ever illegally make fake signatures on any official document;
---We are a company of his word, we do what we say.
---No "Time bomb" left for your company's Operation in the future due to some mistakes or illegal papers.
2) One-stop Services:
All services in One-stop: Visa Solutions, Company Registration, Trademark Registration, Verification, Accounting, Auditing, Annual Examined, Job Recommendation, etc.
11. CONTACT US
Address: Room 1001, 10th Floor, No.3 Building of "Beijing INN", ChaoYangMenNei, Dongcheng District, Beijing, P.R.C
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