Guidelines to China Company Formation


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What is a WFOE? 4
Features of a WFOE in China 5
Frequently Asked Questions about WFOE 6
Whether you need a partner in china for company formation? 6
Is there any minimum amount requirement? 6
What is the average time frame for setting up a WFOE in China? 6
Which city should I start?: Beijing or Shanghai? or somewhere else? 7
Steps to Set Up a WFOE in China 8
Documents Required 8
Procedure and Time Estimate 9
Import & Export licenses, and Customs Clearance 10
Budget & HR Plan 11
Company Formation 11
Annual Charge 11
Find an Office 11
Accounting 12
Open a bank account 12
Recruitment and HR services 12
Basic Questions We Will Ask Out Clients 13
What business scope of your company? 13
Which city you want to start the business? 13
Will you set up a physical office? 13
Any other license you need to apply for? 13
A Sample Quotation 14
1) Company formation/incorporation  14
2. ) Corporate bank account set up / opening 14
3. ) Tax registration / insurance services 14
4.) ongoing CPA accounting / Auditing and tax filing services thereafter 15
How long this process will take? 15
—Basic Info— 16
—Foreign Trading Company— 16
How Does It Work 17
Contact 17


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