Shanghai WFOE Formation Service
Hotline: 86-755-82143348 Email: anitayao@citilinkia.com
The Wholly Foreign Owned Enterprise, abbreviated WFOE, is a common investment vehicle for mainland shanghai-based business. The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles. WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds. This can give greater control over the business venture in mainland shanghai and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner.
I. Commonly Types of Shanghai Wholly Foreign Owned Enterprises
1、If the Shanghai Wholly Foreign Owned Enterprises only be allowed to manufacture here. We can say it's manufacturing WFOE;
2、If the Shanghai Wholly Foreign Owned Enterprises is allowed to do Consulting & Service, we call them Consulting WFOE;
3、If the Shanghai Wholly Foreign Owned Enterprises is allowed to do Trading, Wholesale, Retail or Franchise in China, we call them Trading WFOE or FICE (Foreign-Invested Commercial Enterprise).
II. The procedure of establish a Shanghai Wholly Foreign Owned Enterprises
1、The Enterprise Name Registration;
2、Apply for the Approval Certificate;
3、Apply for the Business License;
4、Application and engraving of Company stamps;
5、Apply for the Organization Code License;
6、Apply for the Foreign Exchange Registration;
7、Apply for the Tax Registration;
8、Apply for the Statistics Registration;
9、Apply for the Financial Registration;
10、Open the Bank Account.
III. Special examination and approval matters of a Shanghai Wholly Foreign Owned Enterprises
1、Involves beyond examination and approval authority of Shanghai commerce commission , it need to be submitted to the ministry of commerce for examination and approval, such as business scope involves the resource products, etc;
2、Business scope involves to pre-approval, it need to be submitted to the corresponding examination and approval department for examination and approval, such as foreign food enterprises should deal with the food hygiene license, etc;
3、The foreign production enterprise need to apply for the environmental assessment report after the approval of company name;
4. Different types of Shanghai Wholly Foreign Owned Enterprises registration required materials and process is slightly different, specific please refer to the relevant column or directly contact our company.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-021-68877368 021-31397142 021-58822399, or emailing to hkcfm-shanghai@163.com.