China Wholly Foreign-Owned Enterprise

The China Wholly Foreign-Owned Enterprise (WFOE) is a common investment vehicle for mainland China-based business. WFOE is a company with limited liability wholly owned by the foreign investor to minimize the labor cost for export purpose.

 

Application criteria

The applicant can be one or more foreign natural person or legal person. The authorized capital is equally to RMB 100 thousand regardless any currency but must be paid up. The nature of business must comply with the “Foreign Investment Industrial Guidance” issued by the State Council of China.

 

Procedures

Company name search → Certificate of approval → Business license application → Organization code certificate → Bank account opening → Tax account registration

 

Timeline

Company name search – 3-5 working days

Certificate of approval – 40-50 working days

Business license application – 10 working days

Organization code certificate – 1 working day

Bank accounting opening – 7-10 working days

Tax account registration – 10 working days

 

We have more services than the above mentioned such as Hong Kong Company Formation, Offshore Company Formation and China Trademark Registration, etc.

 

We will be glad to share with you more information. Please do not hesitate to contact TANNET at 603 2141-8908 or email to mytannet@gmail.com should you require any assistance.