Shanghai WFOE Registration Conditions Service
Shanghai Hotline: 021-58763186
Document List for WFOE Registration in Shanghai
1.A project proposal and feasibility study report
2.Original copies of the application form and the resolution by the Chairman of the Board of Director
3. Copies of the certificate of incorporation of the foreign investor
3.An original copy of leasing agreement certification
5. List of board directors
6. An original copy of the corporate ratification paper (2 in duplicate copies )
7. Two original bank credibility letters for the foreign investors, stating 7-digits bank balances, issued within 6 months in both English and Chinese language.
8. A copy of the approval paper for corporate formation and other papers for company alterations (the original are required for check-up).
9. Notice of enterprise’s name confirmation appraised by the Industry & Commerce Administrative Bureau.
10. 2 photos of the legal person of the WFOE
11. A copy of the stub of corporate certificate of approval.
Conditions for Capital and Shareholder, Director,Supervisor, Legal person
About: Capital . Subscribed capital system is applied. However, Finance lease,Travel Agency, and Fund Management Company still be appropriate for Real payment system.
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: at least one aged over 18 years old foreign natural persons or legal persons(include Hongkong, Macao and Taiwan)
Director: either foreigner or Chinese
Supervisor: whether Chinese or foreign can hold this position, if only one shareholder, supervisor is provided.
Legal person: either foreigner or Chinese, it can also be shareholder or director or neither.
Advantages of WFOE Registration in Shanghai
1. Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner
2. Ability to formally carry on business rather than just a representative office function
3. Issue invoices to their customers in RMB and receive RMB revenues. Convert RMB profits to US dollars for remittance to their parent company outside.
4. Cheap labor, which can lower your cost
5. Not required to share profits with Chinese counterpart
6. Greater efficiency in its operations, management and future development.
Contact Us
Please do not hesitate contact us by calling: 86-21-68877368 or email: hkcfm-shanghai@163.com.Please feel free to visit our website at: http://www.tannet-group.net/.and you are welcome to our office: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai