WFOE Setup Procedures

Product Detail

WFOE is short for Wholly Foreign Owned Enterprise. It is a limited liability company 100% controlled by foreigner shareholders. It's generally preferred over other types of companies, expect for certain restricted industries. WFOE Setup Procedures In Total: about 1-1.5 months 1.Name Approval: 5 days 2.Approval from Foreign Trade Bureau: 5 working days 3.Company License: 5 working days 4.Tax Registration: 3 working days 5.Foreign Exchange Register: 5 working days 6.Opening Bank account :5 working days 7.Other Certificates: 5 working days An Extra Period of 20 Working Days, if the investor wants to apply for VAT license and export/import license (optional) 1.Export/import License 5 working days 2.VAT License: 5 working days 3.Custom Registration: 5 working days 4.Other Related Certificates: 5-10 working days

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