This WFOE Required Documents page was last updated on May 9, 2012
- WFOE: Definition & Overview on a Wholly Foreign Owned Enterprise
- WOFE Advantages & Business Scope
- WFOE: Registered Capital Requirements
- WFOE Tax liabilities
- WFOE: Set-up Costs and Time
- WFOE: Documents Required & Registration Procedures
- WFOE information from Behind The Scene | White-Papers
If you have any specific questions upfront, feel free to send us your questions and requirements.
China WFOE: Documents Required
A step by step guide on the
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Procedures for setting up a Wholly Foreign Owned Enterprise in China are as follows:
First, we will run through the documentation required in brief, before going into more details,
Documents needed to form a WFOE in China:
Passport Copies of all Company Directors:
2 x Passports Copies that are notarized by the local authority and certified by overseas Chinese Embassy or Consulate.
Parent company’s director, China company’s Legal Representative, China company’s supervisor:
2 x Bank Reference Letters (Letter of Good Standing) from investor’s bank, meaning: The bank reference must be issued by the parent company’s (Director(s)/Investor(s) original bank
The China Legal Representative to provide:
(A) 6 photographs (in special official format), and a brief resume CV (from the age of 18) = Passport copy for foreigner, and ID card copy for Chinese.
(B) Brief Resume.
Articles of Formation or equivalent document:
2 x Certificate of Incorporation, certified by overseas Chinese Embassy or Consulate.
Outline Company Structure:
(A) Registered capital
(B) Business Scope
(C) 3 proposed Chinese names of the China Company
Registered Office Address:
(A) 2 x copies of the Property Ownership Certificate of the Registered Office Address.
(B) 2 x copies of the original Lease Contract and Invoice of Registered Office Address.
(C) 2 x copies of Landlord identification
Other required documents that support your WFOE application are normally:
Scope of new Company business - meaning that in China companies must specify their business parameters, and are restricted to these areas of operation.
Both of the above to be presented in Chinese and Native Language of foreign partner (Nominally English).
Always double check with Chinabiz21 about exact documents required for your WFOE registration before you start preparing any documents.
(a) The latest annual audit report (Official copy) from the parent Company that is provided by a Certified Public Accountant (CPA), and Custom HS Code of the proposed Import/Export products in China
(b) The latest annual audit report (Certified copy) from the parent company (must be provided by a Certified Public Accountant (CPA)
(c) Customs HS Code of proposed Import/Export products in China
(d) A feasibility study report
(e) An accompanying application for foreign investment company incorporation, signed by the proposed legal representative
(f) Articles of Association
(g) Enterprise Name Approval in Advance Notice
(h) The investor’s Entity Qualification Certificate or the natural person’s ID card
(i) The appointment letters and ID cards of directors, supervisors and managers
(j) The Legal Representative’s appointment letter and ID card
(k) Certificate of Assessment of Capital
(l) Documents or certificates for earlier setup examination and approval
(a) Proposal and estimated initial investment.
(b) WFOE’s operational structure and number of employees.
(c) Official written permission for land use.
(d) Environmental Impact & Evaluation Report.
(e) Environment protection measurements.
(f) Scope (size) of proposed production.
(g) Detailed list of equipment.
(h) Detailed Business Plan.
(i) Estimated requirement for utilities such as, power and water supply.
The Process in registering a WFOE in China consists of many steps, sequential following each other.
Your personal Chinabiz21 Business Consultant will take care of every aspect in the process to assure you have prepared all necessary documents required before filing. If necessary we will also be able to provide you with additional professional assistance overseas to complete your document preparation should need arise.
Although our experts support and guide you in all facets, your personal input however in complying with the preparation of your required documents, will be an important factor in Chinabiz21 being able to deliver within the calculated time frame. Please draw also special attention to our Terms & Conditions with regards to application implications which may arise from time to tie due to changes in government policies and/or regulations. Such events are far beyond the control of Chinabiz21 and for which we have no powers to foresee.
Following is a Snapshot on the Registration procedures to form a WFOE in China;
(I) Now let’s take a closer look at the registration procedure of a WFOE:
The foreign investor has to complete a Project Proposal and present it to the government authority that will decide whether or not to approve the proposal within approximately one month after receiving the proposal.
3 optional names are required.
After the project is approved, the foreign investor has to prepare a Feasibility Study. The authority will help to co-ordinate the project if any problems should arise.
While the foreign investor is preparing the report on the feasibility study, he may also draw up the articles of association and submit them to the authority that will reply, normally about one month after receiving the Feasibility Study Report and Articles of Association.
After the report on the feasibility study and articles of association are approved, the foreign investor has to apply for the Approval Certificate, which will normally be issued within one week.
The foreign investor has to make an official registration with the government authority within 30 days upon receiving the Approval Certificate, and then apply for a Business License. The authority will normally issue the Business License within 30 working days.
The procedures and related documents may vary depending on specific projects, Chinese regulations and special approval as well. However, the Wholly Foreign-Owned Enterprise is officially established on the date when the Business License has been issued.
Foreign investors are not permitted to directly submit the application documents of incorporate a WFOE to the relevant authority in China. They must retain a PRC entity that is authorized, or permitted by relevant authorities, to act as a sponsor: i.e. Chinabiz21.
The sponsor will submit all the documents for the examination and approval authorities on behalf of the foreign investor. Procedures for setting up a Wholly Foreign Owned Enterprise in China are the following:
The below listed certificates or formalities will be processed after issuance of the Business License:
By law, Foreign investors are not allowed to directly submit WFOE application documents of incorporation to the relevant authority in China. Filings must always be undertaken by agents such as Chinabiz21 Business Consultants
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