Related document needed for Procedure
In the WFOE approval process, the WFOE needs to provide the following personnel-related documents.
And you can check this list during handling the following procedures.
- First, when engraving the company seal, WFOE needs to provide the ID card of its legal representative or person in charge of others in charge.
- Second, when applying for the corporate organization code certificate, the WFOE needs to provide an original and a copy of the ID card of the legal representative or responsible person.
Similarly, foreigners need to provide their passports. And Hong Kong and Macau residents need to provide Hong Kong and Macau permits. Taiwanese also need to provide Taiwan compatriots card. If you are a soldier, you need to provide an officer ID.
In addition, the WFOE also needs to provide the original and a copy of the ID card of the handler. Meanwhile, the WFOE also needs to provide a certificate of the authorized operator for registration. If the name of the legal person or person in charge is not registered on the relevant certificate, the WFOE also needs to provide a copy of the appointment document.
- Third, when tax registration, WFOE needs to provide them with an original and a photocopy of the legal representative’s identity certificate.
- Fourth, when opening an account and verifying capital, WFOE needs to provide a square private seal of all shareholders.
There are also two originals and two photocopies of all shareholders’ ID cards.
Of course, these certificates need to have the private seals of all shareholders stamped.
Finally, WFOE needs to provide two originals and photocopies of the agent’s ID card. As the certificates above, these must have the private seals of all shareholders stamped.
By the way, if you want to know more about Registration&Procedure of WFOE, you can get the information on China WFOE formation | Its process and registration
After finishing the news above, let’s make a review of it.
In summary, there are two WFOE management structures in China. One is a WFOE with the board of directors, and another one is a WFOE with only one executive director. Between them, the first is a WFOE with a large scale, and the second one is for a WFOE with relatively small scale. Both of them work well in China.
And for the supervisor’s structure, a WFOE with a large scale should have a board of supervisors. Moreover, the board should have at least three members. Meanwhile, for a WFOE with a smaller scale, it doesn’t have to set up a board of supervisors. But it should have one or two supervisors.
For the Responsibilities of a wholly foreign-owned enterprise structure, it should be complete. It is important for a WFOE to run effectively. And most importantly, it should obey the Chinses related law.
As for documents the registration and procedure needed, there is plenty of information above. But if you prepare the documents above in advanced. Things will become much easier. Most importantly, the list above can help you with the troublesome register and approval procedure. Just check them one by one.
Besides, the advantages provide lots of convenience for WFOE running effectively. Correspondingly, the shortages of a WFOE also exist. All you need to notice is to learn the regulations carefully. And you can avoid lost because of the shortages.
By the way, in addition to WFOE, foreign companies can also open SFJV (Sino foreign joint venture) in China. And you can find information related here Joint venture
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