Monday 10 November 2014

Documents required for wholly foreign owned enterprises (WFOE Shanghai)



The "foreign funded enterprises" refers to individuals from overseas invest and set up company in China, contain three types as Sino foreign cooperative ventures, Sino foreign joint enterprises and wholly foreign owned enterprises(WFOE shanghai ). Foreign funded enterprises engaged in big business activities who are necessary to abide by China's pertinent laws and regulations is to put into practice the sovereign accounting, self financing economic entities. China's current legal rules and regulations also have tax benefits for foreign invested enterprises.

Submitted Documents:

The establishment of foreign funded enterprises in China, overseas investors have to submit the documents include:

·        Signed by the officially authorized representative for "Registration request of Foreign Investment Companies Formation"

·        The approval papers of approving authority

·        The company's charter permitted by approval authority

·        "Pre approval Notice for venture Name"

·        Subject qualification documentation of investor or identity of natural individuals

·        Appointment and a duplicate of proof of identity of authorized delegate, directors, supervisors and managers

·        The capital confirmation certificate issued by a legitimately capital verification establishment; applicable to the economic, securities, insurance as well as fund management companies, and conventional pay all or part of the registered resources of the company.

·        Non-monetary possessions as the first time funds of the shareholder, the author has handled the papers of the property transfer procedures. Funded by the shareholders of equity, have to be submitted to the equity financed asset signed by the equity of contribution undertaking equity company trade license (have got to be stamped with the stamp of the equity firm)

·        Residence documents

·        Pre approval papers or certificates; appropriate to the business extent of laws, administrative rules and the State Council determined the project business regulations have to be submitted for authorization prior to registration.

·        Legal documents power of attorney

·        Other relevant documents.