National toll free hotline:
400-711-2005
Our suggested minimum registered capital for consulting WFOE, Service WFOE, IT WFOE: RMB 100,000 ~~ 300,000. Approx. USD$ 50,000 or Euro 35,000. (20% as initial paid-up within 3 months and the balance 80% should be injected within 2 years)
For Trading or Manufacturing WFOE registration in China, our suggested minimum registered capital is USD 80,000 or 58,000 EURO (20% as initial paid-up within 3 months and the balance 80% should be injected within 2 years)
For Food & Beverage WFOE registration, the minimum registered capital would be RMB 300,000 - 500,000 (20% as initial paid-up within 3 months and the remaining 80% should be injected within 2 years)
Below is the required documentation for WFOE formation in China. (Item 1,2,7,8 should be prepared before visiting China:
? 2x Certificate of Incorporations, Articles of Formation or Equivalent document certified by Chinese embassy or Chinese consulate overseas [UK , US, HK, AUS, RUS, SGP, GER, SWE, ISL etc. ] For individual investor: 2x Passport copies of Investors need be certified by Chinese embassy or consulate. [individual investor] Double check with us if individual investor is currently in China as some cities in China allow individual investor to submit with their original passport.
? 2x Bank Reference Letters from investor’s bank (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 [ -Sample- ]
? Registered capital; Business Scope; 8 proposed Chinese names of China company
? Office address in China, 2x leasing contracts [-- ] , 2x certificate of real estate ownership [-Sample-], and 2x landlord identification [ Individual, Company ]
? 4x Letter of Authorization [-Sample-]
? For Trading WFOEs only: The latest annual audit report copy from the parent company: provided by a Certified Public Accountant (CPA) [--] and Customs HS Code of proposed Import/Export products in China [ Codes ]
The above documents are good enough to register a Trading WFOE, Service WFOE & Consulting WFOE. For a manufacturing WFOE establishment, you will also need:
? Purpose and estimated investment
? WFOE's operational structure and number of employees
? Permission for land use, environment evaluation report
? Products, size of production, detailed list of equipment, and business plan
? Environmental protection measures
? Requirement for utilities such as power and water supply
Foreign investors are not permitted to directly submit the application documents of incorporate a WFOE to the relevant authority in China. They must retain a PRC entity that is authorized or permitted by relevant authorities to act as a sponsor. The sponsor will submit all the documents to the examination and approval authorities on behalf of the foreign investor. Procedures for setting up a Wholly Foreign Owned Enterprise in China are the following:
? 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
? Inject capital from investor’s overseas bank account
? Capital Verification Report by Certified Public Accountant (CPA)
? Apply for permanent Business License with SAIC
? Financial certificate registration
? Statistics license registration
? Import/Export license (applicable for Trading & Manufacturing WFOE)
Value Added Services: Free Visa service, 2 months accounting serivce and more
24 hour hotline:+86 13588024949 BSI HOT-LINE:400-711-2005
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