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        • 凯特王妃身高

          Setting up a Wholly Foreign Owned Enterprise in Guangdong, Hainan and Shanghai couldn't be easier.


        As its name suggests, a wholly foreign owned enterprise, also known as a WFOE or WOFE, is a limited liability Chinese company which is invested into with 100% foreign capital and owned by only foreigners.

        This company behaves in the same way as any other Chinese company, in that it can trade freely in China, make revenue in CNY, invoice (produce fapiaos) in CNY, can transfer profits back abroad, and can export goods.

        Typically a Chinese WFOE will be a subsidiary of a foreign company which is based abroad, but although a Chinese representative of this foreign company, it still operates as a standalone entity within China.

        凯特王妃身高Ready to set up your WFOE now? Just hit the button below to arrange a free consultation with us to talk through your needs.凯特王妃身高

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        First we will describe the documents needed. Once we have these you can leave the process to Hongda.

        So you can understand what we do on your behalf, we will also describe the different steps that we take in order to finally open your WFOE, and you can download a 凯特王妃身高thorough WFOE checklist as a guide you can keep, too.


        Gathering the documentary evidence needed to apply for a WFOE is difficult and time-consuming. Hongda will guide you through this every step of the way.
        We will require, roughly, the following documents from you in order to open a WFOE (updated May 2018):

        • Company director/s passport copies
        • Legal representative's passport copy and details
        • Company supervisor's passport copy and details
        • Company office lease rental contract
        • Business feasibility report (Hongda will assist you to complete it)
        • Chinese name of company (Hongda will assist with this)
        • Business scope (Hongda will assist with this)
        • Copies of overseas company registration documents (required if a company is the foreign investor)
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        When cooperating with Hongda, here are the tasks that we undertake to make sure that your WFOE is opened quickly, correctly, and legally.
        The following is included when opening a WFOE:

        • Supply all government forms required
        • Assist in filling them out correctly
        • Name registration with State Administration of Industry and Commerce (SAIC)
        • Assist in helping you find suitable business premises within your budget
        • Apply to open a WFOE at the local Administration for Industry and Commerce for you, be that Shenzhen or Guangzhou
        • Apply for business license
        • Apply for the Organisation Code Certificate from the Technical Supervision Bureau (“TSB”)
        • Assist in registering with the Shenzhen State Tax Bureau (“SSTB”) and Shenzhen Local Tax Bureau (“SLTB”) - or same for Guangzhou
        • Assist in the creation of your Chinese company seal
        • Register with local statistics bureau
        • Help you to open a Chinese corporate bank account (foreign currency and CNY)
        • Apply for authorization to print or purchase financial invoices (fapiao)
        • Purchase uniform invoices
        • Register with the local career service center (for staff hiring)
        • Register with Social Welfare Insurance Center

        Following the successful application, we will return all of the documents and seal to you and then your China WFOE will be open for business. After establishment of the WFOE, all of the above tasks not yet undertaken must be completed within 30 days, and Hongda always endeavour to complete them well before that time.


        Hongda Business Services also offer the following services to streamline WFOEs which are already incorporated or will be soon:

        • Help you to open a Chinese corporate bank account (foreign currency and CNY)

        凯特王妃身高Please hit the button below to discuss setting up your WFOE and about any of these additional services too.凯特王妃身高

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