Shanghai WFOE Registration Service
Hotline: 86-755-82147392, Email:info@citilinkia.com
Shanghai WFOE Registration Instruction, Tannet will make instruction for Shanghai WFOE Registration.
As the largest and most prosperous city in the nation, Shanghai is the economic, financial and cultural center of China, while Beijing is the political heart. And this image of Shanghai as a fast and modern metropolis is certainly the one that most visitors take away. Those old preconceptions of Shanghai as the home of crime vice and prostitutes are wiped away, as the city successfully projects an image of itself as young, vibrant and cool.
Name of a WFOE
The name of the WFOE is governed by “Regulations on the Management of name of Enterprises”. Since WFOE is a limited liability company, its name should be in the form of “Name of City + Name of the Enterprise +Industry+ Company Limited “. Accordingly, a company registered in Shanghai will normally bear a name like: USCorp Software Development (Shanghai) Limited.
There are certain restrictions on the use of company names
(1) It should be in Chinese;
(2) Arabic numerals, foreign characters or alphabets are not allowed;
(3) It should not have content that contradicts national policies, damages social ethics, religions and culture;
(4) It should not have content which damages fair competition and misleads the public;
(5) Unless special approval is obtained, it should not contain the following restricted words: China, Chinese, National, State. “International” is a restricted word unless it is used to designate the industry in which the company is operating, e.g. ABC International Trading Company Limited.
Registered capital
For the manufacturing enterprise, the registered capital is usually required USD 140,000 or above (USD 200,000 is much better)；For the trading enterprise, the registered capital is usually required as much as USD 140,000; For the service sectors, such as consultancy, technology, market research and development, the registered capital is usually required USD 100,000.(All of the registered capital must be paid).
Shareholder、Director、supervisor and legal representative of the company
Shareholder:one or more than one 18 years old foreign natural or legal persons(inculd hongkong,macao and taiwan)
Director :can be foreign or chinese;
Supervisor :whether Chinese or foreign can hold this position, if only one shareholder, should also provide supervisor).
Materials for Shanghai WFOE registration are as follows:
Investing as a foreign corporate:
(1) 3 company Chinese names at least;
(2) 2 original Notarization of the business license or certificate of incorporation of the parent company（It should be notarized by domestic notarization Department and endorsed by local China Embassy）;
(3) 1 original bank reference letter（It is opened from investor's bank, the deposit money is not less than the registered capital in China, issued within 6 months in both English and Chinese version）;
(4) Recent 1 year Audit report from foreign investing company;
(5)Registered capital, investment ratio, and business scope;
(6) Photocopies of Corporate and supervisors’ identity materials, (if a board of directors, please provide copies of board membership);
(7) Articles of associations and Feasibility Study Report (Tannet provides with standard template);
(8) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);
(9)House Rent
Investing as natural persons:
(1) 3 company names at least;
(2) Providing investors’passport（It should be notarized by domestic notarization Department and endorsed by local China Embassy）;
(3) 1 original bank reference letter（It is opened from investor's bank, the deposit money is not less than the registered capital in China, issued within 6 months in both English and Chinese version）;
(4)Registered capital, investment ratio, and business scope;
(5)Photocopies of leagal person and supervisors’ identity materials,
(6) Articles of associations and Feasibility Study Report (Tannet provides with standard template);
(7) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);
(8) Contract of rent.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling Shanghai Hotline: 755-82148419, 13823131503
Fax：58402186
E-Mail: hkcfm_shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai