Tel: 86-13717945838
wechat:13717945838 Email: beijing.tannet@qq.com
WFOE (wholly
foreign owned enterprise) is a business entity formed in China
entirely with foreign capital. It is totally under foreign control and does not
have any formal Chinese ownership participation. For a foreign company to be
able to issue receipts and export goods from China, it must be able to legally
registered as a local company or a WFOE. A WFOE is set up as limited liability
entity and represents separate legal persons and is taxed according to local
legislation.
Beijing WFOE Registration
is also called Beijing WFOE setup, Beijing WFOE formation, Beijing WFOE
incorporation and Beijing WFOE establishment.
Required information:
A) Foreign companies a
full set of notarizations; (including but not limited to legal business
certificate, board resolution, certificate of authorized signatory);
B) Shareholder company
seal (standby to sealed the application information)
C) Determine the Beijing
company name;
D) Determine the
registered capital and business scope of Beijing company;
E) List of members of the
board of directors or executive directors and members of the board of
supervisors and copies of identification documents;
F) The mobile phone
number, landline number and E-mail of the legal representative;
G) One original copy of
the formal lease contract of the office premises, a copy of the property
ownership certificate, residence certificate, and the property owner upload the
information of the company in the industrial and commercial address system.
(lease contract requirements: when renting, using one of shareholder name or
legal representative to lease or using the name of the foreign company to
lease, more than one year lease for office or commercial use)
note: the above all
information should be provided in Chinese version, if using foreign language,
please translate into Chinese and sealed by the translation company.
Procedures for Beijing Company Formation:
Government process: the name approved by the municipal administration of
supervision → online report → document signing and submission → business
license → seal making (for the record of public security bureau) → record
making by the commercial commission → apply for electronic business license →
open a bank account (customers responsibility) → tax reporting
Follow-up service:
A. The capital
verification report;
B. Bookkeeping and tax
declaration: declare tax to the state and local tax in the month when the tax
registration certificate is issued;
C. Audit: the wholly
foreign owned company shall conduct an audit once a year.
D. Annual inspection:
the wholly foreign owned enterprise must go through the formalities of annual
inspection and approval from March 1 to June 31 of each year
E. General taxpayer
application,
F. Enterprise
information change
G. Work visa
H. Finance and tax
planning(about China's tax details please refer to the Chinese tax instruction)
Tannet's China Expats
Service Center consists of fluent English speakers and tech experts with years
of experience under their belt. We can help clients establish WFOEs in China
with highly competitive rates and no hidden costs will be charged.
Contact Us:
TEL: 86-13717945838
Email: beijing.tannet@qq.com
Website: http://english.tannet-group.com/
Address: Rm1902, Bldg 17, Jianwai SOHO West, No. 39 Dongsanhuan Rd M,
Chaoyang Dist., Beijing