How to Set up a WFOE in China?
Process for establishing a WFOE in China:
Step 1: Pre-approval of company name.
Step 2: Fill in and submit company formation information online.
Step 3: Prepare files need to be signed. After the online information of company formation is approved, paper files need to be signed.
Step 4: Submit the required documents. After you sign the files, you can go to the formation authority where the company is Solutioned to submit the required documents.
Step 5: Obtain the business license. After the files are approved, you can obtain the business license. You can choose to pick up the paper business license or have it mailed by express delivery.
Step 6: Engrave company seals. Engrave the company's official seal, legal representative's seal and financial seal, and file them with the public security bureau.
Materials required for establishing a WFOE in China:
If the materials are in English, they should be translated into Chinese and stamped by the translation company or institution.
1.Regarding shareholders:
1.1 For foreign enterprises:
Identity verification: Firstly, get the notarization of enterprise qualifications at the notary institution of the country where the enterprise is located. Then, go to the Chinese embassy for notarization authentication.
1.2 For foreign natural persons:
ID verification: If he or she is in mainland China, the original passport is needed. If the individual concerned is not in mainland China, his or her passport needs to be notarized by the notary institution of the issuing country and then go to the Chinese embassy for notarization authentication.
2.Identity certificates and signature copies of the legal representative and supervisor of the WFOE.
3.The proportion of formation capital and share in the proposed WFOE.
4.At least six proposed names of the WFOE.
5.The proposed business scope of the WFOE.
6.Contact information (email address, phone number, contact address) and educational background of the legal representative and supervisor of the WFOE.
7.Information of accountant of the WFOE: copy of ID card, contact information (email address, phone number, contact address), etc.