Shanghai hotline: 021- 68877368
Shanghai WFOE Name Format
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
Shanghai WFOE Characteristics
Wholly Foreign Owned Enterprise (WFOE), also known as Wholly Owned Foreign Enterprise (WOFE), is a limited liability company, the establishment of which is governed both by the Company Law of PRC and Law of the PRC on Enterprises Operating Exclusively with Foreign Capital.
A WFOE can engage itself in approved business activities and issue tax invoices on its own. It is a corporation and a tax resident. All shareholders of WFOE should not be Chinese nationals.
Shanghai WFOE Advantages
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 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;
Full control of human resources
Greater efficiency in operations, management and future development.
newInvestor's parent company does not have to be established for more than 2 years while for Representative Office, it's parent company is required to have been established for more than 2 years.
Shanghai WFOE Processing Time
All the documents are ready, service enterprise: 40-50 working days
All the documents are ready, trading enterprise: 60-90 working days
All the documents are ready, manufacturing enterprise: 60-90 working days after getting pre-approvals.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling:
Shanghai Hotline: 021-68877368, 18101649652
E-Mail: 3001945826@qq.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai