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The company employee staff & resident permit

 Wholly Foreign Owned Enterprise WFOE

As an China company, it must have various staff role for registration requirements:

Shareholders/ Members
The shareholder/stockholder is investor(s) who pay registered capital for the China WFOE. A minimum of one shareholder (max 50) is required whose details are filed on the local Administration for Industry and Commerce. Corporate shareholders are permitted. The shareholders can be of any nationality except Chinese. Their meetings can take place anywhere.

Director/Board of Directors
A wholly Foreign Owned Enterprise requires a minimum of one director and full details of these must be filed with the Administration for Industry and Commerce. The sole director is the executive director or managing director. The director can be of any nationality and be resident anywhere. Corporate director is not allowed. There is no requirement for board meetings to be held within China and directors may be resident anywhere.

If the shareholders decide to set up a board of directors for their WFOE, then the minimum number of directors is 3 and the maximum is 13.


Legal Representative
A WFOE is required to appoint a Legal Representative and full details of that person must be filed with the local Administration for Industry and Commerce. The legal Representative could be of any nationality and does not have to be a resident in China. The director (always) could be the legal representative, same role. This role mean full liability for the company, therefore it has full power to decide can control the company. It must be a individual person (natural person).

Supervisor/Board of Supervisors
A WFOE is required by the Company Law to appoint at least one Supervisor. The supervisor can be of any nationality and be resident anywhere. It can not be director, accountant.

Financial Accountant
A WFOE is required by the Company Law to appoint at least one accountant. It must be a individual person (natural person). This person must has a China accounting license of working.  Our company provide this role and service.

 

 



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