WFOE Setup Procedures

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