Types of WOFE

There are four types of generally accepted WOFE setup in Shanghai applicable for foreign nationals.

Consulting WFOE
·Formed to provide intelligence services to the market

·Could be formed as WFOE or as a Joint Venture (JV) with a Chinese partner

·Takes around 2.5 months to form and business license is obtained after 1.5 months

·Registered capital to be between 100,000RMB to 1,000,000RMB

Trading WFOE (also referred as FICE in various sources)

·Formed to perform trading activities for retails, wholesale, commission based and other sales activities. provide intelligence services to the market

·Could be formed as WFOE or as a Joint Venture (JV) with a Chinese partner

·Takes around 2.5 months to form and business license is obtained after 1.5 months

·Registered capital to be between 500,000RMB to 1,000,000RMB

·If applying for import and export license, recommended capital to be registered is 1,000,000RMB

Catering Management WFOE

·Formed to perform service for catering, fast food, snack bar, bar and restaurant services.

·Could be formed as WFOE or as a Joint Venture (JV) with a Chinese partner

·Takes around 5 to 6 months to form and business license is obtained after 2 months

·Registered capital to be between 500,000RMB to 1,000,000RMB

·There are various licenses to be obtain according to your setup. Generally accepted license is food service license, alcohol license, fire code approval certificate, pollutant permits, sanitation licenses

Manufacturing WFOE

·Formed to perform manufacturing production, domestic and international sales.

·Could be formed as WFOE or as a Joint Venture (JV) with a Chinese partner

·Takes around 3.5 months to form and business license is obtained after 1.5 months

·Registered capital to be between 500,000RMB to 1,000,000RMB

·If applying for import and export license and Tax Refund qualifications, recommended capital to be registered is 1,000,000RMB

 

We can form a WOFE according to your specifications as long as it is approved for foreign investment by Chinese authorities.

 

Visa Shanghai Consulting LLC
Emergency Service Line:4008-0606-56 15900570016
Tel Number: 021-61853593
Zhaojiabang Road, Admiralty Massion Building No. 680. Office 708, 7th Floor. Xuhui District - Shanghai,China
Address in Chinese: 上海徐汇区肇家浜路680号金钟大厦708室