Register WFOE-Annual Audit Report
Any limited companies in China should summit annual audit report to the relevant authorities. The annual audit cost is about RMB 6,000. Any company will be subject be to a fine if the Annual Audit Report is not submitted in a timely manner.
Register WFOE-Profit Repatriation
China Government allows Foreign Invested Enterprises remit their profits out of the country and such remittances do not require the prior approval of the State Administration of Foreign Exchange (SAFE). Dividends cannot be distributed and repatriated overseas if the losses of previous years have not been covered while dividends not distributed in previous years may be distributed together with those of the current year. Repatriating the registered capital to home countries is forbidden during the term of business operation.
To closing down or de-registration a WFOE in China would be much more complicated than establish a New WFOE. It could be stuck there if the liquidation report can't be approved by local tax authority, thereafter, investor has to spend great amount of time on the closure of a WFOE. Find it here about required documents, procedures and cost to deregistration a WFOE in China. Contact our offices below to get a free review of your WFOE.
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 emailing to email@example.com
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