Wholly Foreign-Owned Enterprise (WFOE) Registration Process in Shenzhen
Startupr
19 August, 2015

If you're thinking of starting a business in Shenzhen, you may find it useful to go through the registration guideline below:
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Preparation
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Company Name
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深圳/深圳市/深圳前海+***+行业+有限公司
(Shenzhen/ Shenzhen Qianhai/ +***+Industry+ Limited Company) -
***+行业+ (深圳) 有限公司
(***+Industry+ (Shenzhen) Limited Company) -
***+(深圳)+行业+有限公司
(***+(Shenzhen) + Industry+ Limited Company)
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深圳/深圳市/深圳前海+***+行业+有限公司
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Registered Address
- Find the company's office and use registered address
- Virtual address in Qianhai FTZ – 15000 RMB/year
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Business scope
- Provide your real business scope
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Registered capital amount
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The minimum registered capital requirement is 5mil RMB. It can be lowered in some cases for foreign invested companies to around 2mil RMB, pending approval.
*Please note that registered capital does not mean paid up capital.
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The minimum registered capital requirement is 5mil RMB. It can be lowered in some cases for foreign invested companies to around 2mil RMB, pending approval.
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Shareholders and key management information
- A shareholder can be either a natural person or a company
- Legal representative (must be a chairman of the board OR general manager of the company, it can be a chairman and a general manager at the same time)
- Main controller (must be another person than the CEO, which means at least 2 people are required to set up a company)
- It's recommended that the WFOE is owned by a Hong Kong company
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Company Name
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Required documents
- Documents about the investment company with apostilles (ID card, passport or company registration documents). Apostilles must be issued by a local Chinese lawyer.
- Bank reference later confirming that the investment company's account has sufficient funds (at least 15% of the registered capital). The bank reference letter should include the following statement: "TO:深圳市前海管理局" (Shenzhen Qianhai Government/ Management Authority)
- Due Diligence Documents such as IDs of all members of the management team, copies of their passports signed by the legal representative
- Opening the bank account – original of the legal representative passport is required. In most cases, the legal representative does not have to be present at the bank meeting, but it cannot be guaranteed.
- Registered address
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Registrant has to sign following document
<<前海注册地址托管协议书>> 3 copies
(Qianhai registered address agreement) -
Application documents: <<企业设立登记 (–照–码) 申请书>> (Application of company establishment) 1 original
- Legal documents with apostilles (original + copy)
- Bank reference letter (original)
- Signature of shareholders agreement (署的备案申报承诺书) Declaration includes details of sources of funds, no. of investments in China
- Signature of articles of association 外资企业章程 Article of Association signed and stamped by the lega representative of the investment entity and stamped
- Documents of appointment of legal representative, director, controller, and top management team (original of personal documents, signature of legal representative)
- Power of attorney (signed by the legal representative)
- Proof of experience
- Proof of qualification of the top management team members
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Required time
- Once all documents have been submitted, the application will be processed within 30 working days
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