Malaysia Hotline: +603-2141 8908
WFOE (wholly foreign owned enterprise) is a business entity formed in China entirely with foreign capital. It is totally under foreign control and does not have any formal Chinese ownership participation. For a foreign company to be able to issue receipts and export goods from China, it must be able to legally register as a local company or a WFOE. A WFOE is set up as limited liability entity and represents separate legal persons and is taxed according to local legislation.
Application Documents for WFOE Incorporation in Shenzhen
1. A project proposal and feasibility study report (in print and under the company seal);
2. Original copies of the application paper and the resolution by the Chairman of the Board of the foreign investor (in printed form signed by members of the Board and with company chop);
3. Copies of the business licenses of certificates of incorporation of the foreign investor (usually with the permission chop from the government department.)
4. An original copy of leasing agreement with chop of the Housing Department.
5. Directors name list of board or management.
6. An original copy of the corporate ratification paper (2 copies in duplicate).
7. Two original bank credibility letters for the foreign investors, stating 7-digits bank balances, issued within 6 months in both English and Chinese language.
8. A copy of the approval paper for corporate formation and other papers for company alterations (the original are required for check-up).
9. Notice of enterprise's name confirmation appraised by the Industry & Commerce Administrative Bureau.
10. 2 photos of the legal person of WFOE.
11. A copy of the stub of corporate certificate of approval
General Procedures and Estimated Time Frame for WFOE Incorporation in Shenzhen
1. WFOE company name reservation-3 work day
2. Certificate of Approval Application-10 work days
3. Business License Registration-8-12 work days
4. Application and engraving of Company stamps-3 work day
5. Organization Code License Application-3 work day
6. State Tax Registration-3 work day
7. Local Tax Registration-3 work day
8. Foreign Exchange Registration-3 work day
9. Bank account opening-15 work days
10. Financial Incorporationfor WFOE-8 work days
11. Register with local Customs-7 work days
12. Register with China E-Port-7 work days
Tannet Malaysia is an international consultant firm based in Hong Kong, Shenzhen. We have over 10 branches located in China and we believe Tannet would be your best choice for your oversea investment. We provide one stop business solution to those who like to venture into China Market from Pre-set up to incorporation, management to operation, Pre-IPO and other commercial secretarial services as well. Kindly contact us for more information if interested on our others services!
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