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Registering Request
- Registered Capital:
- It should be depending on the feasibility study and 100,000 RMB at least
- The registered capital can use to cover all expensed which happens on WFOE. If the WFOE will have no income in the first two years, the Registered capital is better to cover the two years' expense.
- The registered capital should be above 800,000 RMB, and then WFOE can apply the 17% VAT invoice as the general tax-payer qualification. Since getting this qualification, WFOE can enjoy the tax rebating and VAT deduct.
- 20% should be arrived to WFOE's bank account in first three month. The balance should be arrived within 2 years.
- The registered address
- The company should rent the office which is 30 sq.m. at least
- Time schedule : around 3 and half months for whole procedure. The business licenses can be got in one more months after all the documents prepared.
- It can be set up branch office and company in same and other city.
- Since some document like Bank reference and Legalization / notarization document for mother company is required.
- Bank reference :
- At least "no bad record" shown in the bank reference;
- Other requirement depends on the project.
- Legalization / notarization document :
- The document should have two copies;
- The document should include company license, company article, company shareholder and director info depending on the project;
- The document should be processed on the mother company's local Chinese Embassy. Normally, it may cost no definite time depending on the local Chinese Embassy.
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