The China WFOE formation requirement
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It becomes more and more popular to format a China WFOE direclty for foreign investors doing busienss with China suppliers instead of cooperate with their overseas companies. One of the the most important is to save company cost and increase busienss profits. But what will be the requirements to format the China WFOE for invetors especially with new China company law issued?
For nowadays to format a China WFOE just need one individual will be enough to act as the company shareholder, manager, director and legal person at the same time. This has been different from old days that requires at least two individuals to format a China WFOE. No nationality requirement of the shareholder when register the China WFOE like most of the countries when register a company to run business.
The second step is to obtain the registered office address in China. A commercial office address no matter with physical office address or virtual will be both ok when register the China WFOE in most of the cities in China. The difference is that a virtual commercial office address will not allow employees working there. It can only be used for incorporating the China WFOE.
The last step is to register your China WFOE with required documents such as your passport copy, the company name, registered capital, business activites, etc. To finish the online filing on government system and make appointment with government office for visiting with personnel or apostilled documents. And the China WFOE can be registered around 7 to 10 working days.
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