Malaysia
Hotline: +603-2141 8908
There are many requirements of setting up a WFOE in
Nanchang. Knowing the requirements of setting up a WFOE(Wholly Foreign Owned
Enterprise) in Nanchang is a great advantage for those investors who want to do
business in Nanchang.
Requirements of
Setting Up a WFOE in Nanchang- Characteristics of a WFOE
Wholly Foreign Owned Enterprise (WFOE), also known as Wholly
Owned Foreign Enterprise (WOFE), is a limited liability company, the
establishment of which is governed both by the Company Law of PRC and Law of the
PRC on Enterprises Operating Exclusively with Foreign Capital.
Requirements of
Setting Up a WFOE in Nanchang-Different Types of WFOE
The following are different types of WFOE:
1. If the WFOE only be allowed to manufacture here. We can
say it's manufacturing WFOE.
2. If the WFOE is allowed to do Consulting & Service, we
call them Consulting WFOE.
3. If the WFOE is allowed to do Trading, Wholesale, Retail
or Franchise in China, we call them Trading WFOE or FICE (Foreign-Invested
Commercial Enterprise)
Requirements of
Setting Up a WFOE in Nanchang-Business Address
A separate business address, located in commercial buildings
or locations is required as the official address. One address could be used by
one company only.
Requirements of
Setting Up a WFOE in Nanchang- Capital and Shareholders
A minimum of one shareholder, either a corporation or a
natural person, who must not be Chinese national, is required. Capital must be
of private nature, public offering of capital is not allowed.
China adopts a registered capital system. All registered
capital has to be paid up in cash, physical assets or intangible assets. If
injection of capital is not in the form of cash, valuation by a local
"valuation professional" is needed, according to the regulations
relating to the particular industry.
If capital is not injected according to the schedule as
stipulated by the relevant regulations, business license and certificate may be
withdrawn.
Requirements of
Setting Up a WFOE in Nanchang-The Director(s)
A WFOE in Nanchang needs a minimum of one director. The
director could only be an individual and can be of any nationality. A board of
directors is not always required. For a small company, the general manager or
legal representative is the CEO of the company and shall be treated as having
the power of the directors of the company. There is no residential requirement
for the directors.
Requirements of
Setting Up a WFOE in Nanchang-Choose WFOE Company Name
The official company name of a WFOE in China should be in
Chinese. The Chinese name should be formatted as: first word -company
name/product(For instance: MCK; second word: activity (For instance: business
consulting); third word: location/name of city (For instance: Shanghai,
Beijing); fourth word - company structure. (For instance: Co., Ltd.) The State
Administration of Industry and Commerce (SAIC) has the final say in whether a
name is allowed or not.
Tannet Malaysia is an international consultant firm based in Hong Kong, Shenzhen. We provide various of business solution to those investor who like to expand their business oversea such as international company registration, global trademark application, commercial company secretary services and etc. Kindly contact us for more information if you are interested on our other services.
Contact
us:
If you have further
queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Shenzhen hotline：86-755-
36990589;
Email: mytannet@gmail.com
TANNET
GROUP : http://www.tannet-group.net, http://en.tannet.com.my