China WFOE Setup Cost Breakdown & Timescale
Hotline: 86-755-82148419, Email:susiehu@citilinkia.com
WFOE stands for wholly foreign-owned enterprise.WFOE setup is called at WFOE establishment,WFOE incorporation, WFOE registration,WFOE creation,etc.
There are no uniform costs for its setup as per different package of the service items in different cities.Among our branches in most first tier ,second tier , third tier cities in China,WFOE setup cost in Nanchang is the Cheapest one ,you may have the WFOE setup with 300 USD. If you choose more supporting in accordance with company compliance , tax bureau, such as journal entries, Cash reconciliation, Balance sheet, Expense summary, Monthly bank account reconciliation schedule, Staff individual income tax, Monthly & quarterly tax form completion, Annual check on last financial year, License renewal, etc, it will take 1000 USD or above. WFOE setup cost in Beijing will be is the highest, you may have it with 3000 USD around depends on your exact requirements, etc.
China WFOE setup timescale
It will take 10-15 working days around to have the company registered if the prepared files are ready in most cities such as Shenzhen,Guangzhou ,Hainan,Zhuhai, Yiwu,Nanchang.
In other cities it will take around 30 working days .
When you get the business license and seals, we can make an appointment with a recommended local Chinese bank to go and open a business bank account for your new WFOE. We will also assist in preparing the documents required for the meeting, and our staff accompany you to the meeting and speak with the bank to assure that the account is set up.This service is with an additional cost.
WFOE set up in China will require a certain number of foreign staff, commonly at least an official company representative (usually a director).We can offer a China work visa application package for an additional cost.
We can provide the business incubation package covering everything you may need for WFOE setup, follow-up . Please contact us directly to specific your situation, we can identity what you need for the WFOE in accordance with local company compliance and legal advices for your business in China .
Contact us
For further queries about investment in Shenzhen, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, or emailing to susiehu@citilinkia.com.