The requirement of Shenzhen WFOE formation
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Shenzhen has become one of the most popular cities in China for foreign investors when start their business in China. Comparing to other cities in China like Beijing, Shanghai, Guangzhou, etc., it close to HK make it famous for investors to choose. While when start a WFOE in Shenzhen city, it becomes complicated to accompliment. The hardest part is about the Shenzhen WFOE registration procedure and government requirement.
A professional Shenzhen agent will makes your Shenzhen WFOE formation process more efficiently and productively. All the investors need to do is to follow the instructions of the registration. The fisrt step is to confirm the company shareholder structure. For a Shenzhen WFOE it is mandatory to at least offer one shareholder. It can be an individual or an enterprise. And then we need to confirm the position of company officers like legal representative, manager and director.
With the company structure and company positions confirmed, the next step is to check the company information like company name, company registered capital, busienss activities and comapny registered office address. The Shenzhen WFOE name should be format as Shenzhen plus trade name plus industry and end with limited. And it had to be in Chinese. Also you can have an English name for your company if you want. But please be noted that the company business license will only show your company Chinese name.
Speaking of the registered capital please be noted it is now required to pay up the registered capital for a Shenzhen WFOE. In this case we should be thinking carefully how much registered capital for your Shenzhen WFOE will be suitable to run your business in China. But it is also allowed to apply reduce the registered if the initial registered capital too much and need to apply reduce. And it can be reduced to the minimum registered capital RMB30000 for most of the cases.
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