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CHINA WOFE FORMATION COSTS
Foreign Investors in Hong Kong
Low tax. British law. USD linked currency. Stepping stone to investments in China. Enterprise support is government policy. Hong Kong is ideal for multinational businesses...
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Overseas companies intend to carry out business in Hong Kong need to apply for registration within one month of establishing a place of business in Hong Kong....
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Foreign Investors in China
The Wholly Owned Foreign Enterprise (WOFE), also called Wholly Owned Foreign Enterprise (WOFE), is a Limited Liability Company established and wholly owned by the foreign investor(s) in China. ...
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Representative Office (RO), also known as Permanent Resident Office, is an office of a foreign enterprise set up in China for liaison with Chinese businesses and customers on behalf of its parent company.....
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Wholly Owned Foreign Enterprises (WOFE) Registration Fees

Item
Descriptions
Fees Starting from USD4,000 excluding government registration fee, statutory filing fees and other out of pocket expenses.
Services 1. Drafting application letters, standard articles of association, standard feasibility study report, and providing samples for necessary documents such as board resolution, bank reference letter, etc.;
2. Researching and obtaining approval for the company name of WOFE from Industrial and Commercial Registration Office;
3. Obtaining approval certificates from various authorities such as The Industrial and Commercial Registration Office, The National Taxation Administration Bureau, the Local Taxation Administration Bureau, the Public Security Department, the Environmental Protection Bureau, the foreign Exchange Administration Bureau and the Custom Department.
4. Performing all the necessary financial, tax, labor, banking, customs and other registrations,
5. Opening the necessary bank accounts.
Documents Required 1. An original copy of application letter signed by the Chairman of the Board (in printed form with company chop). A project proposal and feasibility study report (in print and under the company seal);
2. Original copies of the application paper and the resolution by the Chairman of the Board of the foreign investor (in printed form signed by members of the Board and with company chop);
3. An original copy of leasing agreement with chop of the Housing Department;
4. Directors name list of board or management institution name list, importing equipment list;
5. Copies of the business licenses or certificates of incorporation of the foreign investor (usually with the permission chop from the Industrial and Commercial Administrative Bureau).
6. An original copy of the corporate ratification paper (2 copies in duplicate).
7. Two original bank credibility letters for the foreign investors, stating a 7-digit bank balance, issued within 6 months and in both English and Chinese language.
8. A copy of the approval paper for corporate formation and other papers for company alterations (the original are required for check-up);
9. Notice of enterprise's name confirmation appraised by the Industry & Commerce Administrative Bureau.
10. Contracts and charter versions (signed by legal representative or Bailor).
11. An application form for company alteration.
12. A copy of the stub of corporate certificate of approval.
13. Whole set of materials for application of project establishment and approval documents (original) for project establishment.
Registration Procedures 1. Drafting application papers, standard articles of association, standard feasibility study, and providing samples for necessary documents such as board resolution, bank reference letter, etc., The application papers and resolution should be signed by the Chairman of the Board (in printed form with company chop)
2. Obtaining approval and relevant certificate by Foreign Economic and Trade Bureau
3. Researching and obtaining approval for the company name of WOFE from Industrial and commercial registration office.
4. Obtaining approval or certificates from various authorities such as the Planning Bureau, the Foreign Economic and Trade Bureau, the Industrial and Commercial Registration Office, the Statistics Bureau, the National Taxation Administration Bureau, the Local Taxation Administration Bureau, the Public Security Department, the Environmental Protection Bureau. the foreign Exchange Administration Bureau and the Customs etc.
5. Opening necessary bank accounts, obtaining a report of corporate capital verification issued by a Chinese certified public accountant (CPA). Be ready with the original copy for check-up.

Detailed registration procedures for WOFE
Detailed registration procedures for all types of Foreign Investment Enterprises

Time Scale 35 days (exclusive of document delivery time)
Payment Terms 100% down payment; please click here for payment methods.

The prices stated above are for general reference only. Please contact us at +852 23411444 or email us for a more accurate quotation.

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We can assist clients in the whole set up process, such as leasing office premise, setting up factory, hiring personnel, accounting and tax filing. Please call +852 2341 1444 or email for details.

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