The China WFOE formation procedure
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To start a China WOFE for foreign investors it is important to know the needed procedures in advance. The first step in confirma the city you would like to start your business in this country. Most of the foreign investors may choose like Beijing, Shanghai, Guangzhou and Shenzhen, the so-called first level city in China. With the city confirmed then we should move forward to choose a office address in the city.
For registered office address in China there are two options for investors. The first one is to rent a physical office address in the city for company registration and busienss operating. The second one is to choose a virtual office address to register the WFOE. There will be no difference between these two kinds of offices when register the WFOE. The only difference is that a virtual office address will not be allowed to working there. It's only for WFOE registration.
To start the WFOE registration officially we still need to make some preparations for company details such as company name, registered capital, company positions, business activities, etc.. After all the required information confirmed we move forward to government online system filing and generate registration application forms at the same time. Be noted that the registration application forms will need the signatures of company legal person and shareholder(s) and the original documents need to forwarded to government office.
The next step is to wait for government office processing and it usually takes around 7 to 10 working days to get the business license if all goes well. The company can be defiend registered successfully till this step. Please do not forget to register the company tax after busienss license obtained in case company become ab-normal.
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