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Shenzhen WFOE Registration Guide

Shenzhen WFOE Registration Service Hotline:86-755-82143512,Email:tannet-solution@hotmail.com 

Shenzhen WFOE regiatration is also called Shenzhen WFOE setup. WFOE stands for Wholly Foreign Owned Enterprise which is 100% held by foreign individual or corporate entity. The main advantage for an investor of a WFOE include the independence and control to implement the strategy of the parent company, without having to consider the involvement of a Chinese partner. 

Business Scope Change

In China, a company’s operations are defined by its business scope,a one sentence description of the industry(s) it is authorized to operate in. Therefore, any significant change to company operations must be preceded by a registered change of business scope.

For any change of business scope, a resolution of the shareholders or board of directors is required. Then an approval and approving certificate for the change of business scope shall be obtained from the original examination and approving authority. After that an application form for registration of changes shall be filled and submitted to the administration bureau for industry and commerce together with the original resolution, approval and approving certificate, original true copy and duplicate of the business license of the company.

RELATED: Writing Your Scope of Business in Shenzhen

If a company provides services outside of its defined scope of activities, then it will be unable to issue invoices for the particular services. This can cause problems for one’s customers, who might demand the service be entered into their accounting books.

In some cases, companies may be afforded some wiggle room in how they design their business scope—and use this to influence the likelihood of approval/rejection, as well as various taxation and customs issues. For example, a company may choose to market itself as a service provider in a given industry, when in fact its business scope is registered only for consulting and the actual provision of services is outsourced to a local Chinese agent.

Often, but not always, a change of business scope will require additional investment into the company’s registered capital, which can considerably prolong the application process. Additionally, depending on the nature of the proposed change of business scope, the enterprise may be required to obtain additional approval or modify their business premises to engage in the specified industry. Lastly, the enterprise will have to renew its Certificate of Approval granted by MOFCOM, this being the distinguishing factor between FIEs and domestic enterprises. 

Contact Us For Shenzhen WFOE Registration

If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net  or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422 or 86-755-82143181 or emailing to tannet-solution@hotmail.com.




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