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A WFOE is required to update its books on a regular basis. You will need to: –       File a tax return (monthly) –       File individual tax return report (monthly) –       File Corporate Income Tax Report (quarterly) –       File Annual Corporate Income Tax Report (annually, after the accounting year end) More on annual reporting A WFOE is …

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SHAREHOLDERS  WFOE requires one shareholder/member, whose details are registered in the local Administration for Industry and Commerce. The director can be of any nationality, except Chinese, and meetings can take place anywhere. DIRECTOR/BOARD OF DIRECTORS A minimum of one director is required, whose details must be registered in the local Administration of Industry and Commerce. …

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The minimum requirement for registered capital is RMB 30, 000 (USD 4, 950). Under the company’s laws the paid-up capital is equal to the registered capital. Investors and shareholders must contribute the full amount of registered capital and deposit the money into a specified bank account in the name of the WFOE. In case of …

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You are a young ambitions college graduate, ready to take on the working world. You are looking for a summer internship to get experience and are being luckily presented with two options: Google or a small startup in somebody’s  garage. What do you choose? It seems like a no-brainer. Yet, according to a recent article …

Continue reading “Why Every College Student Should Intern At A Startup”