WOFE Registration Service
Finance Leasing Companies Registration
Eyes on China Registration Services
We take care of all the registration procedure saving you a lot of time and making sure that your WOFE is correctly registered according to all latest legislations:
- Collecting, making and/or approval letters, feasibility report, proof of legal qualifications of all the investors, contract, filled forms, articles signed and documents requested
- Going and returning to the 13 Examination and Approval Departments according to their time limit
- Paying all management fee for registration at each deparment
- Fully register your WOFE
Application Requirements
1. The minimum registered capital :10 million USD
2. Have practical registered address
3. Business time periods of foreign-invested financing leasing companies(Limited liability company form) is not exceeding 30 years
4. Have the corresponding professionals, senior management should have professional qualifications and no less than three years practitioner experience
Application Procedure
1. Pre-approval of WOFE Name
- Examination and Approval Department: Administration of Industry and Commerce
2. Warrant of Setting-up a Finance Leasing Company
- Examination and Approval Department: Business Council
- Time Limit: Withing 45 working days
- Required Documents:
- Application for setting up WOFE
- Feasibility report
- Article of association
- Credit certification of investor (issued by the bank), certificate of registration
- Identification of foreign investor
- ID of legal representative
- Notice for pre-approval name of the enterprise from Administration of Industry and Commerce
- Appointment book of chairman, board members, managers, engineering technicians responsible person from investors?director
- Credit certification of investor (issued by the bank)
- Qualification of chief
Note: The qualification certificate and identification shall be notarized by the national notary institution and authorized by the host country´s embassy (consulate) Hong Kong, Macao investors should provide the local notary notarized document of identity and eligibility in accordance with the law (Hong Kong by the China Legal Service (HK) Limited stamping transmitting Seal transmitting, issued by the Mainland public security departments also can be used as MTPs Taiwan investors are natural and without proof of notarization); foreign investors and the host country China has yet to establish diplomatic relations or terminated diplomatic relations, their main qualification should prove identity or the host country after notarized by a notary public that have diplomatic relations with China the third country in the country that (recipients) Museum certification, the aforementioned notarization, and authentication documents should be notarized by Chinese embassy in the third country.
3. Process of Proposed Agency Code
- Examination and Approval Department: State Bureau of Technical Supervision (The Administration Center of Organization Code)
4. Industry and Commerce WOFE Registration
- Examination and Approval Department: Administration of Industry and Commerce
Note: The qualification certificate and identification shall be notarized by the national notary institution and authorized by the host country´s embassy (consulate) Hong Kong, Macao investors should provide the local notary notarized document of identity and eligibility in accordance with the law (Hong Kong by the China Legal Service (HK) Limited stamping transmitting Seal transmitting, issued by the Mainland public security departments also can be used as MTPs Taiwan investors are natural and without proof of notarization); foreign investors and the host country China has yet to establish diplomatic relations or terminated diplomatic relations, their main qualification should prove identity or the host country after notarized by a notary public that have diplomatic relations with China the third country in the country that (recipients) Museum certification, the aforementioned notarization, and authentication documents should be notarized by Chinese embassy in the third country
5. Record at the Public Security Bureau
- Examination and Approval Department: Municipal Public Security Bureau (the Administration Center of Embarkation and Disembarkation)
6. Enterprise Chop Engrave
- Examination and Approval Department: Engrave of chop organization proposed by police station
7. Application for Code of Enterprise
- Examination and Approval Department: State Bureau of Technical Supervision (The Administration Center of Organization Code)
8. Tax Registration
- Examination and Approval Department: Municipal Local Taxation Bureau
9. Registration of Administration of Foreign Exchange
- Examination and Approval Department: Beijing center of foreign exchange control
10. Opening Bank Account
- Examination and Approval Department: Local bank
11. Financial Registration
- Examination and Approval Department: The Financial Bureau
12. Statistic Registration
- Examination and Approval Department: The Statistical Bureau
13. Beijing Customs Procedure for WOFE Registration
- Examination and Approval Department: Customs