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Xiamen WFOE Registration is to register a WFOE, which is a Chinese limited liability company, wholly owned by one or more foreign investors. This is an investment vehicle often favored by foreign investors because it is (or is supposed to be) under their full control as there is no local partner. Furthermore, its preparation and establishment procedure does not involve all the lengthy negotiations that a sino-foreign joint venture usually takes.

Xiamen WFOE Registration - Advantages of WFOE

1. Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;

2. Ability to formally carry on business rather than just a representative office function;

3. Issue invoices to their customers in RMB and receive RMB revenues. Convert RMB profits to US dollars for remittance to their parent company outside.

4. Cheap labor, which can lower your cost;

5. Not required to share profits with Chinese counterpart;

6. Greater efficiency in its operations, management and future development.

Xiamen WFOE Registration - Documents Required for WFOE

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

Tannet Malaysia is an international consultant firm based in Hong Kong, Shenzhen. We have over 10 branches located in China and we do 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 you are interested!

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