Chinese wholly owned foreign entity

The WFOE needs funding via it's registered capital until it's able to support itself from its own cash flow. A copy of the company business license, covering it both locally and nationally.

WFOE Organization: Wholly Foreign Owned Enterprise (WFOE)

Business tax for consulting and service enterprises. One of the most important issues in WFOE application is business scope.

chinese wholly owned foreign entity

Registered capital is the amount that it's required to run the business until it can break even - the 'registered capital' is a guideline only. The WFOE may be terminated under certain conditions. Wendy Wang [- Bio -].

China Company Formation – Form a WFOE

WFOE Organization: A few other business documents also need to be submitted to obtain Chinese Government Approval. Any company will be subject be to a fine if the Annual Audit Report is not submitted in a timely manner.

chinese wholly owned foreign entity

The names must follow the following sequence: Having an official seal is a legal requirement for all companies operating in China. Your Chinese legal sponsor can be your best friend if you respect his value and knowledge and put your best guanxi foot forward in developing a lasting relationship to help you over the WFOE speed bumps.

Last, the financial capabilities of the business in its home country must be documented and submitted. The WFOE can only conduct business within its approved business scope, which ultimately appears on the business licence. In Mainland China, there are four types of organizational structure for foreign investors: Wendy Wang [- Bio -] Ningbo Office: The following are frequently chosen by our clients:.

Wholly foreign owned enterprise formation in China

Understand the Chinese language nuances, especially subtleties in pronunciation and character meaning, which could have negative interpretation or connotation. However the amount of registered capital needed is also dependent upon factors like scope of business and location.

chinese wholly owned foreign entity

Landlord's [- property ownership certificate -] 1,166 KB etc. Includes exploring and mining plumbago; producing satellite television receivers and key parts; corporate of highway passenger transport; status enquiry and grade service companies; constructing and operating large theme parks. Business Consolidation in China The financial strength and consumer trust enjoyed by domestic Chinese companies make it a very challenging competitive market.

Many companies underestimate the complicated and laborious process of setting up a WFOE. Li Jun E-mail: Generally business scope includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting, manufacturing, etc.