Shanghai WFOE Registration Understanding

Shanghai WFOE Registration Understanding Service

Shanghai hotline: 021- 68877368

Shanghai WFOE Registration Understanding, 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

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. Procedure
Fill the application form——pay the advance payment——Check the company name with local ICAB——Make M&A and Feasibility Study Report——Go to the Foreign Economic & Trading Commission for Certificate of Approval——Apply for the Business License from ICAB——Apply for chops from the Public Security Bureau——Apply for the Organization Code License from Bureau of Quality and Technical Supervision——- Apply for the Tax Registration License from Tax Bureau—- Apply for Foreign exchange registration license from State Administration of Foreign Exchange——Open the basic bank account——Apply for Statistics Certificate――-Apply for Financial Registration License

Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling Shanghai Hotline: 021-68877368,  18101640557 
Fax：58402186
E-Mail: hkcfm-shanghai@163.com