ShangHai FuCheng Business Service Co.,Ltd
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Accounting Services Of A WFOE In China

Information provided below will guide you to:

·         Introduction of wholly foreign owned enterprise (WFOE)

·         Documents Required & Registration Procedures of WFOE

·         Fees for WOFE Registration

·         Part time accounting services after WFOE incorporated in China

·         1 Year All inclusive Package (Company formation, accounting and audit all included)

·         Deregistration of a company (WFOE) in China 

Accounting Services for WFOEs in China

Once your WFOE is officially registered, it's required to maintain proper accounting records in accordance with accounting standards in China and to report taxes on both monthly (for business tax, individual income tax) and quarterly (corporate income tax) basis. Late submissions will face penalties and surcharges.

WFOE must register its tax reporting method with the local tax authority and apply for an official invoice book which will allow the WFOE to issue invoice to it's clients within China and abroad. 

Our part time accountant can assist you by negotiating with your local tax officer to use the proper tax reporting method for your WFOE, as well as submit the tax reports monthly and quarterly on your behalf.

We can also advise you with tax planning opportunities that might help the WFOE reduce the burden of tax on itself and its staff.

The details of our services are set out below and our fee schedule is set out in "Form B "

(1) Initial accounting system set-up; 
(2) Update the books of WFOE in accordance with Chinese Accounting Standards;
(3) Prepare monthly financial statements for tax filing purpose;
(4) Prepare monthly financial statements for tax filing purpose and submit if applicable;
(5) File monthly Business Tax Return;
(6) File Corporate Income Tax Return, Quarterly;
(7) Individual Income Tax Filing for local employees;
(8) Individual Income Tax Filing for expat employees;

Fees for part time accounting services:

The figures shown in the table below are estimations and actual costs will be discussed after review of the actual operation of your WFOE

Part time accounting services

Service Fee (RMB)

Monthly Accounting services for Consulting WFOE

2,200 RMB

Monthly Accounting services for Service & I.T. WFOE

2,200 RMB

Monthly Accounting services for Trading WFOE

2,600 RMB

Monthly Accounting services for Forwarding WFOE

2,600 RMB

Monthly Accounting services for Retailing WFOE

2,600 RMB

Monthly Accounting services for Food & Beverage WFOE

2,600 RMB

Monthly Accounting services for Manufacturing WFOE

4,600 RMB

Fees for annual license renewal and audit services:

Annual Licenses renewal: RMB 4,000

Annual audit report: RMB 6,000