Corporate Formation

signed by an authorized bank officer
Process of Setup WFOE in China:
1. Reservation and Application of Company Name:
Prior to any of the following applications, the investor(s) should reserve a name for
its prospective WFOE with Beijing Administration of Industry and Commerce (SAIC). SAIC
requires that a proposed name and three other names be provided.
2. The Chinese name should be formatted as follows:
First word - company name; Second word - activity; Third word - location/name of town;
Fourth word - company structure. The use of 'China' 'Sino' and 'International' are not
permitted in the Chinese name unless very special permission is given, although they
are permitted in the non-Chinese name.
3. Registration of Approval Certificate:
After the completion of Name Approval Notification, Approval letter and Approval
Certificate are the next to register. At the time of application, Article of Association,
Feasibility Study Report, Lease Agreement, etc. should be submitted to Beijing
Municipal Commission of Commerce. The local Approval Authority will review all
documentation and give instructions in accordance with the Company Law and local
regulations. If all is up to standard, the authority is able to give its approval and
issue the certificate within 10 to 15 working days upon receiving all the required
documentation.
4. Business License and Organization Code Certificate:
Within 30 days after obtaining the approval certificate, the foreign investor will need
to register and apply for a business license for the WFOE from the local SAIC. As part