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  Wholly Foreign-owned Enterprise (WOFE)  

WOFE has following business advantages:
1、As WOFE¨s setup and operation are bounded by laws and regulations of the country where its parent company located, there will be no conflicts between WOFE investors and other investors in management and decision making;
2、WOFE¨s business scope can be varied by the adjustment of global strategy of its parent company;
3、 WOFE has access to patents, industrial property, trademarks, managerial expertise and authorized technology of its parent company;
4、 As a transnational corporation, WOFE¨s parent company has relatively flexible financial management policies to avoid possible conflicts with other investors in terms of increasing equity, reinvestment, export earnings, stock dividend policies and internal financing.
5、WOFE's parent company will gain tax benefit via internal transfer of cost and profits.
6、 Due to structural relationship between WOFE and its parent company, there will be less friction or conflict in terms of business strategy implementation.

Operation Flow Chart

Sign up Contract-Client Provides Documents-SFERA Runs for All Certificates-SFERA Turns over Certificates to Client

 

Required Documents-Company Investor

1、 1 copy of investor¨s Business License;
2、 1 copy of investor¨s profile;
3、 1 copy of legal person's passport;
4、 2 original copies of bank statement/credit report;
5、 2 original copies of Business License certified by the notary office and Chinese embassy where investor is based;
6、 1 copy of supervisor's passport;
7、 1 copy of passport of the newly-established WOFE's legal person; 2 ID photos and 1 copy of his/her resume;
8、 WOFE¨s name and its business scope;
9、 1 copy of investor¨s financial report of the previous year;
10、 Other documents will be prepared by SFERA;
   
 
Required Documents-Individual Investor
1、 1 copy of investor¨s passport;
2、 1 copy of investor¨s profile;
3、 2 original copies of bank statement/credit report;
4、 2 original copies of Business License certified by the notary office and Chinese embassy where investor is based;
5、 1 copy of supervisor's passport;
6、 1 copy of passport of the newly-established WOFE's legal person; 2 ID photos and 1 copy of his/her resume;
7、 WOFE¨s name and its business scope;
8、 Other documents will be prepared by SFERA;
   
 
Office Hours for Handling Formalities
1、 Name Verification:                     5 working days
2、

Reply

10 working days

3、 Approval Certificate:                   5 working days
4、 Business License:                     10 working days
5、 Seal Carving:                       1 working day
6、 Organization Code Certificate:               1 working day
7、 Foreign Exchange Registration Certificate:         1 working day
8、 Statistical Registration:                 1 working day
9、 Tax Registration:                     15 working days
10、 Open Bank Account (including foreign exchange, RMB and taxation accounts):7 working days
 

The above 10 steps usually take around 3 months, which may differ due to governmental efficiency.


Our company provided registration address.

 
Address:Tower B 19F, Building No. 2, Xinglian Building, No. 515, Changning Rd, Shanghai, China  Post code:200063
Tel:+86-21-62519796  E-mail:investshai@hotmail.com