WFOE Setup

In general, WFOEs are being classified according to the nature of the business activities into different kinds of categories such as a consultation company, a trading company, a manufacturing company and so on. A WFOE can only conduct business within its approved demarcation, which ultimately appears on the business license. With CIL’s assistance one can go for a hassle free WFOE set up. CIL- a professional business consultant offers various offshore company incorporation solutions. CIL has a lot of offshore partnership centres worldwide such as Cayman, BVI, Samoa, IOM, USA, UK and Seychelles. We have a well grounded team of partners who are reliable and are registered agents from well known offshore jurisdictions, international and Chinese lawyers, CPAs, senior consultants and managers from commercial banking sectors.

 

CIL being a corporate business consultant takes into accounts all the necessary requirements for a WFOE set up. CIL has a highly integrated approach to a WFOE set up ranging form selecting names till executing the WFOE. The foreign investor is required to submit a project proposal to the local approval authority where it intends to establish the WFOE. It should have the purpose and scope of WFOE, financial forecasts, technology, land use requirements, public wages and public utility services. Within 30 days after obtaining the approval certificate, the foreign investor will need to register and apply for a business license for the WFOE from the local AIC. AIC usually issues the business license. After the business license is issued, the WFOE set up is becomes a legal body. CIL prepares a perfect chart of these procedures and executes it with accuracy. One of the most important issues covered in the project documentation is the business scope of the WFOE. The business scope is narrowly defined for all businesses in China. A WFOE can only conduct business within its approved business scope, which ultimately appears on the business license. Any amendments to the business scope require further application and approval.

 

CIL has special online payment system, a help desk to reach out to its customers. Apart from these, CIL excels in offshore banking facilities. An offshore bank account is not a simple matter and some offshore and international banks may take more than one month to open a bank account from receipt of the completed documents. Upon understanding your business objectives and personal requirements our consultants will be happy to advise you on a suitable bank and bank account to meet your specific needs. CIL even offers post formation services like virtual offices and legalisation. One can get knowledge of what is brewing in CIL from our news and blogs.

 

At CIL, you can definitely start your very own business venture or a WFOE set up with our highly defined services delivered to you at its best. For any queries, call us at 86-21-6473 8427. If you are from China call us at our toll free number: 400-880-8123.