Shanghai WFOE Registration Materials Provided Service
Shanghai hotline: 021- 68877368
Shanghai WFOE Registration Materials Provided, there are some materials provided in the process of Shanghai SFOE Registration. We will list for you .
Advantages of WFOE
The advantages of incorporation a WFOE, compared with other types of enterprises, include, but not limited to:
Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to their customers in RMB and receive revenues in RMB;
Capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
Protection of intellectual know-how and technology;
For Manufacturing WFOE, no special requirements for Import / Export license for its own products;
Full control of human resources;
Greater efficiency in operations, management and future development.
Register WFOE-Business scope
One of the most important issues in WFOE application is business scope. Business scope needs to be defined and the WFOE can only conduct business within its approved business scope, which ultimately appears on the business license. Any amendments to the business scope require further application and approval. Inevitably, there is a negotiation with the approval authorities to approve as broad a business scope as is permitted. Generally business scope includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting, manufacturing, etc. With China's entry into WTO, more and more business is open to WFOE especially in Trading, Wholesale and Retail business.
Material needed
I. 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 the registered capital of International Freight Forwarding Agent Company is 5 millions
, proportion of investment and business scope;
(6) Three photos of Legal Representative, the copy passport of Legal Representative;
(7) M&A 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) Contract of rent
Manufacturing enterprise：original Contract of rent in triplicate，3 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 200 square meters // Lease period :more than one year // Use for the plant）;
Non-production enterprise：original Contract of rent in triplicate，3 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 30 square meters // Lease period: more than one year // Use for office or business）;
II. 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 the registered capital of International Freight Forwarding Agent Company is 5 millions
, proportion of investment and business scope;
(5) Three photos of Legal Representative, the copy passport of Legal Representative;
(6) M&A 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
Manufacturing enterprise：original Contract of rent in triplicate，2 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 200 square meters // Lease period :more than one year // Use for the plant）;
Non-production enterprise：original Contract of rent in triplicate，2 copies of house-owner certificate（The house should be rent in the name of the investor or the company, more than 30 square meters // Lease period: more than one year // Use for office or business）;
Note:(1).all the documents submitted to government should be signed by black ink pen(2).if documents involved in foreign language must be translated into Chinese and those documents should be stamped by translation company.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling
Shanghai Hotline: 021-68877368, 18101640557
Fax：021-58402186
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