Foreign-Invested Consultation Corporation Registration
Eyes on China follows the following process when incorporating this type of WOFE
Regional trivial differences exist such as variation in taxation and in the incorporation procedure.
Application requirements(conditions)
1. The minimum registered capital: RMB 100,000
2. To have a practical registered address
Application procedure and documents
1. pre-approval of name of WFOE
Examination and Approval Department:
Administration of Industry and Commerce
Time limit:
Within 2 working days
Management fee: 0
Required documents:
Pre-approval for names of enterprise
Appointment letter
2. Application for setting up WOFE Examination and Approval Department:
Municipal bureau of commerce
Time limit:
Within 7 working days
Management fee: 0
Required documents:
Application for setting up WFOE
Feasibility report
Article of association
Appointment letter of member of board of directors
Identification of member of board of directors
List of member of board of directors
Proof of legal qualifications of all the investors. Please note: foreign investors should provide main body qualifications proof or the identification notarized by their domestic notary organ and also the Chinese embassy in those their home countries. Investors from Hong Kong, Macau, Taiwan must also provide documents notarized by their domestic notary organ (documents from Hong Kong should be stamped and forwarded by the China Legal Service (H.K.) Ltd, Valid Mainland Travel Permits can be personal identification for Taiwan investors and do not need to be notarized.) If countries of which the foreign investors have not established or have already ended foreign relations with China, their main body qualifications proof or the identification should be notarized by their domestic authorities and then by third country’s embassy which the country has established foreign relations with China. All the notarized documents have to be notarized by the Chinese embassy located in the third country.
Credit certificate of investor (issued by the bank)
Proof of the use of premises (including rental contract, proof ofpremises)
Notice for pre-approval name
Letter of Authorization for legal documents service
Instrument of commitment
The copies of the ID and the power of attorney of the personnel
3. To process proposed agency code
Examination and Approval Department:
State Bureau of Technical Supervision (The Administration Center of Organization Code)
Time limit:
2 working days after acceptance
Management fee: 0
Required documents:
Approval of article of association
Application of proposed agency code
4. Industry and Commerce registration of WFOE
Examination and Approval Department:
Administration of Industry and Commerce
Time limit:
7 working days
Management fee:
0.08% of amount of registered capital
Fee of making copy of the industrial and commercial registration certificate: 20RMB
Required documents:
Application form of setting up WOFE
Article of association
Approval by the approving authority and the copy of <Approval letter of foreign-invested enterprise>
Identification of foreign investor (the qualification certificate and identification shall be notarized by the national notary institution and authorized by the host country’s embassy (consulate)
Credit certification of investor (issued by the bank)
Notice for pre-approval name of the enterprise, name list of the pre-approval investor
Letter of Authorization
Corporate secretary (contact) registration form
Letter of Authorization for legal documents service
Besides, the printed name list of the investor, member of the board of director, general manager and supervisor, one copies each.
5. To record in Public Security Bureau Examination and Approval Department:
Municipal Public Security Bureau (the administration center of embarkation and disembarkation)
Time limit:
6 working days
Management fee: 0
Required documents:
The registration application for record
The identification of legal representative
Business license, approval letter, photocopy of approval
6. To engrave of chop of enterprise
Examination and Approval Department:
Engrave of chop organization proposed by police station
Time limit:
2 working days
Engrave of chop fee:
500RMB
Required document:
Application form of chop engrave
7. Apply code of enterprise
Examination and Approval Department:
State Bureau of Technical Supervision (The Administration Center of Organization Code)
Time limit:
3 working days after acceptance
Management fee: 30
Required materials:
Application form
Returning paper of proposed agency code
The identification of legal applicant
Business license, approval letter, photocopy of approval
8. Tax registration
Examination and Approval Department:
Municipal Local Taxation Bureau
Time limit:
5 working days
Management fee:
10RMB
Required document:
Identification of legal representative
Business license, approval letter, photocopy of approval
Housing contract
Registration form of tax
9. Registration of administration of foreign exchange Examination and Approval Department:
Beijing center of foreign exchange control
Time limit for handling:
20 working days after acceptance
Management fee: 0
Required materials:
Written application (stamped by chop)
Copy of business license provided by the legal representative, non-legal representative enterprise shall provide original and photocopy of business license.
Approval documents for approving the setting up of enterprise issued by the Commerce Department, the original and photocopy of the certificate.
Effective contract of foreign-invested enterprise (except for wholly-owned foreign enterprise), original article of association and its photocopy.
Original and photocopy of code of enterprise
10. Opening bank account
Due to the different requirement of the bank, the required documents need to be confirmed.
11. Financial registration Examination and Approval Department:
The financial bureau
Time limit for handling:
2 working days after acceptance
Management fee: 0
Required materials:
Business license, approval certificate, photocopy of approval
Financial registration form
12. Statistic registration Examination and Approval Department:
The statistical bureau
Time limit for handling:
2 working days after acceptance
Management fee:0
Required materials:
Copy of Business license, approval certificate, photocopy of approval
Statistic registration form
13. Beijing Customs procedure to register WFOE Examination and approval department:
Customs
Management fee: 50 RMB
Time limit:
Within 5 working day
Required documents:
Copy of Business license Approval certificate, photocopy of approval
Photocopy of article of association photocopy.
Photocopy of tax registration
Photocopy of bank account certificate
Photocopy of certificate of proposed agency code
Moulage of chop of enterprise¸ juridical person and apply to customs
Registration form for apply customs
Registration form of management for apply customs
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