Consulting
In China, the consulting company belongs to business service industry and it covers consulting in information, technology, enterprise managment, education,  human resource, investment, catering managment, financial business and related business services.

To register a WFOE in consulting business has less requirements than a trading or a catering service company.

The procedures of registering a consulting WFOE follow by:

1 make investor documents verification from China embassy or HK lawyer
2 investor shall apply for the bank reference letter for investor's bank account conditions
3 rent the office
4 WFOE name approval
5 WFOE setup application memo from local Foreign Economy & Trade Cooperation Bureau
   & apply for business license & national/local tax registrations
6 apply for company business bank & capital bank accounts opening
 
Remark: For the invidividual investors, Chinese government only requires original passport with valid M type business visa & bank reference letter.

The whole procedure takes around one month. Although China Commerce Office has cancelled the compulsory capital requirement for general business, after the WFOE bank account is opened, the investor shall inject the investment capital by following the WFOE articles of association and submit the capital injection auditing report to local foreign economy & trade department.

Romeo Lau & Co. was founded in 2005 in China which is an association of independent accountants, auditors, tax advisers, business consultants and lawyers, serving the needs of our clients globally.

If you are interested in setting up a consulting WFOE, please send your enquiry to dmc_canto@yahoo.com or directly call us at +86-20-38865269.
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