Company registration services:

The Wholly Foreign Owned Enterprise (WFOE) is a limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, with China's entry into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well.

Different types of WFOE:
There are many businesses for WFOEs. The following are frequently chosen by our clients:
1.    If the WFOE manufacture here, we call it a its Manufacturing WFOE.
2.    If the WFOE is allowed to do Consultancy or Service, we call it Consultancy (or Service) WFOE.
3.    "FICE Registration" on the right menu for more information and details about the FICE)

Procedure & Working Time:

 
STEP 1: Company Name pre authorization (Around 5 working days)
STEP 2: Apply Certificate of Approval Business Registration (Around 7 working days)
STEP 3: Apply Business License (7 working days)
STEP 4: Apply Company Seal (1 working day)
STEP 5: Apply enterprise organization code (1 working day)
STEP 6: State and local tax registration (3 working days)
STEP 7: Open Company Bank Account (RMB & USD ) (7-14 working days)
STEP 8: Apply the approval certificate of import and export license (Around 7 working days
 Time of the procedure is around 1-2months




Registration Fee:

 
-Innocorp service charge: 10,000RMB (Till Tax Registration)
1,000RMB (Open bank account)
2,000RMB (Import-export license)
-Government fee: around 1,500RMB
-Notarization & Authentication fee: depends the country and only happens if you invest by company, not personally
-Translation fee: 80RM-200RMB each document
-Capital verification report: around 1000-3000RMB
In Total: around 14,000RMB

Future Fee:
Accounting: 500RMB-1500RMB/month
Office: Depends what price office you rent (Innocorp can provide you virtual office around 3500RMB/ year)

Documents:

 
1.    Bank Credit
2.    Authorization& Notarization of passport or come in person
3.    Legal person’s passport copy with signature
4.    Supervisor’s passport or ID copy with signature
5.    Docs need signed by the legal person
Note: Other docs Innocorp will prepare



For more info, please contact:

service@innocorpconsulting.com

                                   +86 574 83097765/ +86 18667830169