China WFOE Registration service
Hotline: 86-755-82143348, Email:amyhuang@citilinkia.com
Foreign enterprises can establish Wholly Owned Foreign Enterprises (WOFE) in China upon application and approval.
Characteristics of a WOFE
Wholly Owned Foreign Enterprise (WOFE) is a limited liability company, the establishment of which is governed both by the Company Law of the People’s Republic of China (PRC) and Law of the PRC on Enterprises Operating Exclusively with Foreign Capital .
A WOFE 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 WOFE should not be Chinese nationals, save for Hong Kong and Macao residents.
Name
The name of the WOFE is governed by “Regulations on the Management of name of Enterprises”. The proposed name should contain 4components:
(1) location;
(2) enterprise name;
(3) industry;
(4) company limited.
Please note that if over 50% registered capital come from foreign investors, the name can be formed as “enterprise name” + “industry” + “location” + “company limited”, for example: ABC Trading (Shanghai) Company Limited.
There are certain restrictions on the use of company names:
It should be in Chinese.
Arabic numerals, foreign characters or alphabets are not allowed.
It should not have content which contradicts national policies, damages social ethics, religions and culture.
It should not have content which damages fair competition and misleads the public.
Unless special approval is obtained, it should not contain the following restricted words : (China)、(Chinese)、(National)、(State) 、 (International) is a restricted word unless it is used to designate the industry in which the company is operating, e.g. ABC International Trading Company Limited
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com.