Shanghai Wholly Foreign Fund Enterprise (WFOE) Registration

Overview
Shanghai is an international finance metropolis of world. Its highly developed finance, trade, travel, fields such as shipping, information, real estate catch up with the world standard day by day. The complete legal system, in accord with the market rule of the international practice builds a fine investment environment for Shanghai day by day. If you can take full advantage of good opportunity of Shanghai and jump onto this block of large platforms, you will get more extensive development space.

Introduction
What are wholly foreign owned enterprises called
The wholly foreign owned enterprise is that the enterprise is owned by foreign investors including investors come from Hong Kong, Macao, Taiwan island who the legal person or natural person who have attained the age of 18 years

Name of WFOE
Shanghai+ word size+ industry +limited company, or
Word size + Shanghai+ industry + limited company
E.g. Shanghai Tannet group limited company, or
Tannet group Shanghai limited company

Registered capital
USD 140,000

Material needed
(1). 3-5 enterprises names
(2). Company and investor certification (copy)
(3). Two sets of original bank reference letter of the foreign investor (Bank issues)
(4). Registered capital, proportions of investment, business scope

Productive enterprise:
Real estate of factory building lease contract original paper (6 copies of a formula)
Requirement: one of the shareholders rented more than 200 m2,

Non- productive enterprises:
lease contract on real estate of office building original paper 2 copies of a formula.
Requirement: one of the shareholders rented more than 30 m2,
(1). The letter approved by board meeting on Investment Company.
(2). Qualification of Legal representative and the members of board
(3). One authorized letter of registration signed by enterprise
(4).certificate of environmental protection ( productive enterprise)
(5). Feasible report

Procedure
Fill the application form —》Pay the advance payment —》check the name —》Special trade leading examination and approval —》apply for the approval letter of foreign economic and trade commission—》Register the temporary Code Certificate of Organizations & Entities—》 Register the Certificate of Approval—》Register the Business License—》Company seal making—》 Register the code certificate of Organizations & Entities—》Foreign Exchange License & a management IC card—》Register the Tax Registration—》Register the Statistic Registration—》Restate the Business License(Restate The paid-up Capital---Register Custom Registration—》Finance Registration—》pay the rest fee

Service content
various written instructions and documents which the registered company relates to //Business license and duplicate //National tax , local tax registration card and duplicate //Apply to scribe the seal register //Corporation memorandum //Written instructions or comments of environmental protection //Enterprise's organization's code certificate (IC card ) / official seal , signet , financial chop.

Price
Service charges (16,000RMB) +government expenses (as actual invoice from government).

Time needed
3－4 months or so .

After service:
imports and exports documents、open the account、purchase invoices application of taxpayer、make account and declare tax、annual returns、finance and tax planning etc.


Tannet——Global Corporate Solution Provider,Value Investment & Strategic Development.