5. WOFE Registration Process1. Company name check

2. Company business license application

3. Special license application. For example: import/export, liquor, etc…

4. Bank account opening

6. Requirements to Register a WOFE in ChinaFirst things first. Decide who is going to be the foreign investor and prepare identity documents accordingly.

Second, this is the time when you get choose a name for the Chinese WFOE. It must have a Chinese name and English name.

Third, decide the registered capital amount. As mentioned further on this document, there is no minimum amount for register capital, but its definitely recommended that it matches reasonable proportions according to future operations.

Finally, decide the candidates for supervisor or the board of supervisors, managing director or the board of directors, general manager or manager, and deputy manager.

7. WOFE Registered AddressWhy use a registered address? A Registered Address is a good way to register your Chinese Company as you do not need to rent an expensive office .

Can you use my registered address to apply for a work permit visa? Yes , It can be used for Visa

Can I work from my home or another office if I use a registered address? Yes you can. The law states you can work from anywhere or even from a coffee shop.

Its is legally required to have an address to perform a WOFE company registration in China. Luckily there are several companies that can provide this kind fo service. However, no one knows better how this process works as Corporation China does, this is because Corporation China’s board of directors were the responsible team for creating the registered address concept in China. This means you can leave all the work with us and be confident everything will be properly done for your future company.

But if your business plan really requires to have a “real” office, then you can certainly do it by tradicional ways. First, you will need to find an office space in China via a different channel, either by real estate agency or the landlord directly.

8. WOFE Registered CapitalThe time when China used to require minimum registered capital for WOFEs is gone. Everything in China is now being shaped to promote foreign investment, this means regulations are constantly being changed and improved to enhance the business environment. Since March 1, 2014, the statutory minimum was waived for almost all types of WOFEs. Certain high-profile business scopes still have statutory minimum registered capital amounts. For instance, financial companies must have at least US$10M in registered capital. However, if you fall under a normal consulting company or if your business is import/export related, then you have nothing to worry about.

Nevertheless, is important to mention that after regulations changes in 2014 the new rules eliminated the minimum register capital requirement, but is still highly recommend, also common sense, that you to keep the amount of registered capital close to a realist assessment of the company’s operational proportions.

You will not be required to immediately make a deposit for the full amount of registered capital. The new default is that the registered capital can be paid within 30 years of the business license being issued.




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