Shanghai WFOE Registration

Shanghai WFOE Registration

Hotline: 86-755-82143410,Email: 2355725105@qq.com

WFOE Registration is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China's entried into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well. With that, any enterprise in China which is 100% owned by a foreign company or companies can be called as WFOE.

The unique feature of a WFOE is that the entity is 100% owned and capitalized by foreign investors and operating without a local partner. This maintains greater control over the business operations, targets and profits of the company, letting the mother company to concentrate their own operations, without needing to consider the option of a local partner.  WFOE is a favorable choice for an overseas company that wants to permanently incorporate into mainland China.

WFOE Registration-Business License
Business license is the key official document of the WFOE (like Certificate of Incorporation in Other countries).Once your business license is approved by State Administration of Industry and Commerce (SAIC) (SAIC). Having obtained certificate from the tax authority, you are now legally entitled to open foreign exchange and RMB accounts and can start to hire staff, sign contracts, apply for work permit and residence permit and the WFOE is now in business in China.

WFOE Registration-General Tax Information
Since Jan. 1, 2008, China's new corporate income tax rates begins with 25% although some industries still enjoy a lower rate which is15%, the rate depends on the places where the company is registered and the industry that a company engaged. Please check the latest Corporate Income Tax Law of China above. All enterprises are required to report to the Tax Administration Department monthly, quarterly, annually. ATAHK provides part time accountant service for our clients; you are welcome to contact us for more information.

WFOE Registration-Annual Audit Report
Any limited companies in China should summit annual audit reports to the relevant authorities. The audit reports are including: balance sheets and income statements for their annual Chinese audit. The annual audit and licenses renewal cost is about RMB 6,000. Any company will be subject be to a fine if the Annual Audit Report is not submitted in a timely manner. (June 30th is the deadline of an annual audit report submission and licenses renewal in China)

WFOE Registration Contact us
If you have further queries in WFOE Registration, please don’t hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website www.3737580.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-21-68877368 021-31397142 021-31397141 021-58822399, or emailing to hkcfm-shanghai@163.com, or adding our skype：shtannet123. You are welcome to our company 15F, No.855 World Plaza, South Pudong Road, Pudong District, Shanghai, China.