WFOE is the abbreviation for wholly foreign-owned enterprise. It refers to an enterprise established solely by foreign investors or in partnership with Chinese mainland partners. WFOE belongs to the mixed ownership system, which means it is solely invested by foreign investors or in partnership and enjoys ownership and management rights. WFOE is a limited liability legal entity, and the responsibilities of shareholders and directors are limited to their capital contribution. WFOE does not participate publicly in the market, and its business scope is limited to the range covered by its registered capital. WFOE requires at least one shareholder and at least one director, but there is no need to appoint a legal representative. Foreigners can serve as directors of WFOE, and a company secretary is not required. The minimum registered capital of WFOE starts from 1 RMB, but the minimum registered capital varies for different industries, such as 30,000 RMB for industrial companies and 30,000 RMB for commercial companies mainly engaged in wholesale or retail business. During registration, WFOE needs to undergo capital verification, which includes providing proof of the source of funds to demonstrate the legitimacy of its registered capital.
Chinese Mainland WFOE Basic Information
Ownership:
Consolidated Ownership
Limited Liability:
Positive
Publicly Participates In Capital Market:
Negative
Chinese Mainland WFOE Shareholder / Director / Secretary Requirements
Requirements For Shareholders:
At least one person
Requirements For Directors :
At least one person
Legal Representative Not Mandatory:
Negative
Local Directors Not Mandatory:
Positive
Local Secretaries Not Mandatory:
Positive
Chinese Mainland WFOE Registered Capital Requirement
Minimum Registered Capital Requirement:
1. Starting from 1 RMB;
2. The registered capital of a production-oriented company shall not be less than 30,000 yuan, the registered capital of a commercially-oriented company mainly engaged in wholesale business shall not be less than 30,000 yuan, and the registered capital of a commercially-oriented company mainly engaged in retail business shall not be less than 30,000 yuan.
Capital Injection Not Required:
See Memo
Capital Injection Requirement:
Need to be paid in 3 years.
Chinese Mainland WFOE Memo
Memo:
"null"
TKEG Expat Chinese Mainland WFOE Company Incorporation Service
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Please refer to "TKEG Holdings"'s website for more information.
請參閱「奕資控股」之網站獲取更多資訊。
“TKEG” refers to one or more legal entities within the global TKEG Group, of which "TKEG Expat INC", a corporation duly incorporated under the laws of the State of Delaware of the United States of America, collectively the "TKEG Organization" . “TKEG Expat INC” is a corporation under "TKEG Holdings Teoranta", the parent holding entity of the "TKEG Organization"—a global network of independent and legally distinct member firms and their related entities. Each member firm within the ”TKEG Organization“ is a separate legal entity and is not liable for the acts or omissions of any other. No entity within the ”TKEG Organization“ has authority to bind or obligate any other entity with respect to third parties. ”TKEG Holdings Teoranta“ does not provide services to clients. Professional services, including overseas company incorporation, are provided exclusively by "TKEG Expat INC" or other designated member firms, in accordance with applicable laws and regulations.
「奕資」指奕資集團旗下之一個或多個法律實體,當中「奕資環球公司」為依據美利堅合眾國特拉華州法律正式註冊成立之公司,合為「奕資組織」。「奕資環球公司」為「奕資控股有限公司」旗下公司。「奕資控股有限公司」為「奕資組織」之母公司,該組織由法律上相互獨立之成員所及關聯機構組成。「奕資組織」中每一實體均為獨立法律主體,互不對他方之行為或疏忽承擔法律責任,亦無權代表他方對第三方作出約束。「奕資控股有限公司」不向客戶提供服務;所有專業服務,包括海外公司註冊,僅由「奕資環球公司」其他指定成員所根據適用法律及法規提供。