How to Investment in China
Wholly Foreign Owned Enterprise (WFOE)
Introduction to WFOE
The Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOE 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.
The registered capital of a Wholly Foreign Owned Enterprise (WFOE) should be subscribed and contributed solely by foreign investor(s). A WFOE does not include branches established in China by foreign enterprises and other foreign economic organizations. The Chinese Laws on WFOE do not have a clear definition of the term of "branches". The term of "branches" should include both the branch companies engaged in operational activities and representative offices, which are generally not engaged in direct business activities. Therefore, branches and representative offices set up by foreign enterprises are not WFOE.
Generous Investment Services : Hangzhou, Ningbo, Yiwu, Shanghai, Beijing, Shenzhen, Guangdong, Qingdao, also other cities.
The documents for set up in china:
1. One copy of business license of investors
2. One copy of identification card (or passport) of the chairman of the investor
3. One copy of identification card (or passport) of the board of the directors and general manager (vice one) of the junior enterprise. Their resume, address and telephone number will be needed. Each one should prepare two personal photos for being used.
4. The Appointment and Authority should be singed by the legal representative of investor
5. Outline of the investor (total volume of trade, operation scope, annual profit)
6. If investor wants to stable the enterprise off producing or processing and warehousing, one bank financial credit certificate of investors (needed the original)
7. One copy of identification Card (or passport) of the person will be authority
8、Certificate of Notarization
