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Advantages of Establishing a Shanghai WFOE

1. Ability to formally carry out business rather than just function as a representative office which is restricted in many ways.

2. Protect Intellectual property and Independent technological patents

3. Greater efficiency in management, operations and future development

4. Ability to receive RMB revenues and issue official invoices.

5. Legal profits, lawfully-earned income and funds after liquidation can be remitted abroad.

6.It is more easier to apply for a working visa in Shanghai city,what’s more, your immediate relatives(parents,wife,children) could apply for family visa to stay with you in Shanghai.

7.Recruit Chinese employees to support your business legally.

Concept of Shanghai WFOE

Shanghai WFOE stands for Guangzhou Wholly Foreign Owned Enterprise, is a limited liability company wholly owned by either a foreign individual a or foreign legal entity. Hong Kong-, Macao-, Taiwan-, investors is also included.

Company Name

Company name must in Chinese, but you can add an English name.

WFOE consists of four parts which are administrative division, name, Industry expression and limited. For example, 上海（administrative division）+name+贸易（Industry expression）+有限公司（limited）.

Setup WFOE, Set company in China Shanghai or another cities,Please Contact Ebusiness Prime!
Service Phone& Wechat: 0086 15900570016


Company Setup Process

Agency: State Administration of Industry and Commerce (SAIC). Processing time is within 2 working days.

Stage 2: Application for setting up WFOE
Agency:Municipal Bureau of Commerce. Get the Certificate of Approval needs15- 20 working days normally.

Stage 3: Processing of Organization Code License
Agency: Need about 3 working days normally. Processing fee is RMB 120.

Stage 4: Industry and Commerce registration Agency: State Administration of Industry and Commerce (SAIC).
Processing time is 7 working days.

Stage 5: Tax Certificate by Taxation Bureau Agency:Municipal Local Taxation Bureau. Processing time is within 5 working days.

Stage 6: Verification report
Agency: Elite Stage. Processing fee is based on the registration capital and processing time is within 7 working days.

Stage 7 - Engraving Services for Enterprise Seal to be used on official documents
Agency: State Public Security Bureau. Processing fee is RMB 400 and processing.

Stage 8 - Registration of Administration of Foreign Exchange for overseas capital transfer
Agency: Foreign Exchange Control. Processing time is 20 days after acceptance of the registration.

Stage 9 - Opening Bank Account and verification capital account
Customer processing: Any reputable banks. Processing time and fee depend on the charges of each bank.

Stage 10 - Registration for Financial LicenseAgency: State Financial Bureau. Processing time is 2 days after acceptance of the registration.

Stage 11 - Registration for Statistic and Audit License
Agency: Regional Bureau of Statistics of China. Processing time is 2 days after acceptance of the registration.

Stage 12 - Final Business License
Agency: Municipal Bureau of Commerce. Processing time is within 5 working days.

Welcome to contact us and visit our office in Shanghai.

Contact WeChat/WhatsApp or phone : 0086 159-0057-0016
E-mail: sophia@ebusinessprime.com
Office address: No.258 Of LongQi road,Xuhui,Shanghai

Website: http://ebusinessprime.com