WFOE Registration
In China

What Is The Capital Investment Needed For China WFOE Registration?

Capital investment was traditionally required to demonstrate that the WFOE, or WOFE as it is often called, would not run out of money before being able to break even.

In recent amendments to the foreign investment laws, perhaps in a bid to spur more investment by lowering the barrier to entry for foreign firms, the government has since removed the minimum capital investment requirement when incorporating a WFOE in the country. 

Companies can now determine how much capital will be required to maintain their operations and must simply ensure that they meet those targets within a period of 30 years. The amount that you commit to will vary depending on the business that you're doing. While it may be more flexible, please note that you will need to commit to registering an appropriate amount of capital upon forming the WFOE (for instance, a factory will require more than a trading company). 

How Does Hongda's WFOE Setup Process Work?

We will inform you about everything you need to prepare at one time. Then Hongda will take care of everything for you.

For you to understand what we are doing, we will report different steps and stages to finally set up your WFOE. Our thorough WFOE checklist will also guide you in every process.

Documents Required For WFOE Setup

Gathering the documentary evidence needed to apply for a WFOE is difficult and time-consuming. Hongda will guide you through this every step of the way.
We will require, roughly, the following documents from you in order to open a WFOE (updated May 2020):

• Company director/s passport copies
• Legal representative's passport copy and details
• Company supervisor's passport copy and details
• Company office lease rental contract
• Chinese name of company (Hongda will assist with this)
• Business scope (Hongda will assist with this)
• Copies of overseas company registration documents (required if a company is the foreign investor)
  
  
  

Period of setting up your WFOE

The whole period of setting may vary basing on:

• Speed and accuracy of collecting and submitting numerous documents required.
• Close public relationship with government authorities.