Shanghai WFOE Registration Service
Hotline: 86-755-82147392, Email:info@citilinkia.com
Shanghai is an international financial metropolis all over the world. The highly-developed fields such as developed finance, trade, travel; shipping, information and real estate catch up with world standard day by day. The complete legal system, in accord with the market rule of the international practice builds a fine investment environment for Shanghai day by day. If you can take full advantages of good opportunity of Shanghai and jump into the block of large platforms, you will get more extensive development space. In order to let the investors know more about the Shanghai company registration, Tannet introduces it as following:
1. Name of Shanghai WFOE
Name of WFOE can not be repeated. The industry is related with the registered capital. You should prepare more than 3 names. The format of names: Shanghai+ word size+ industry +limited company, or Word size + Shanghai+ industry + limited company. E.g. Tannet group (Shanghai) limited company
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2.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).
3.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).
4. Industries needed to apply for pre-approval
Apply for the following trades and industries, need to go to the relevant departments for special permit, also known as pre-Approval. E.g.：The food circulation lisence、Wholesale liquor license、Talent intermediary、travel agency、agency bookkeeping、carve industry、medicines、Gas stations、storage of refined oil、slaughter, education, religious groups, the auction industry, the pawn, car parking, lawyers, accounting services, agency billing, human resources intermediary, employment, study abroad institutions, investment immigration agencies, construction, decoration, engineering, road freight transport, publication printing, cosmetics, food production and operation, travel agencies, medical institutions, medicine and equipment, insurance, banking and so on.
5. WFOE Application Procedures
Application is a four-step procedure.
Step one: Application for approval of intended investment activities (project proposal)
The examination and approval authority shall reply within 20 days on receipt of the proposal.
Step two: Application for intended name to be used by the WFOE with the Shanghai
Administrative Bureau for industry and Commerce
Step three: Application for the approval of feasibility study, constitution (memorandum and articles of association)
A feasibility study will be prepared covering financing, site selection, technological process, equipments, raw material supply, market survey, economic results, foreign exchange, infrastructure facilities, etc.
Articles of Association should be prepared and submitted to the examination and approval authority. The examination and approval authority shall reply within 30 days on receipt of the feasibility study report and articles of association.
After the feasibility study report and articles of association have been approved, the applicant shall apply to the examination and approval authority, which shall issue the Approval Certificate within 3 days after receiving the application.
Step four: Registration with the Administration for Industry and Commerce.
The company may then register with Shanghai Administrative Bureau for Industry and Commerce within 30 days after receiving the Approval Certificate and apply for the business licence. Shanghai Administrative Bureau for Industry and Commerce shall issue the business licence within 10 working days to those projects approved by the examination and approval authority of Shanghai. The enterprise is deemed as established on the date when the business licence is issued.
The foreign enterprise may engage an agent authorized by Shanghai Municipal Foreign Economic Relations and Trade Committee to handle its application on its behalf.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling Shanghai Hotline: 755-82148419, 13823131503
Fax：021-58402186
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai