china nominee directorS & SHAREHOLDERS
having a nominee director and shareholder in china makes your market entry much smoother and faster – from incorporation to dealing with banks, clients, and government bodies.
foreign & chinese directors
foreign & chinese shareholders
controlled by an agreement
full performance of duties
monthly & annual options
what are the benefits of appointing a nominee director in china?
Appointing a nominee director for your company in China means you don’t have to travel to China to open a corporate bank account – appointed nominee director will visit the bank and open your company’s account on your behalf.
how can I trust the nominee director?
Contrary to the widespread belief, the rule of law in China is quite strong, and law enforcement is similar to most of the developed countries. When we select a candidate for a nominee director position, we perform a thorough due diligence and background check on them. Secondly, nominee directors’ duties and their relationship with our clients are controlled by enforceable contracts, drafted in Chinese and English.
will nominee director have access to our bank accounts?
It depends. If you want the nominee director to have access to the bank accounts and be in charge of transactions in China, you can leave your online banking USB tokens with him/her – and vice versa. Whatever you decide, we can include your decision in an enforceable contract between yourself and your nominee director in China.
can we easily replace the nominee director with our own director later?
Yes, it’s a very simple process, which takes around 7-10 days. We will assist you with the legal work when and if necessary.
Do you also provide nominee shareholder services in China?
Yes, we do. Depending on the business, we can provide a passive shareholder for your China company.
does having a nominee director give access to restricted business areas in China?
No, nominee director is a position only. Even if you appoint a Chinese citizen, it does not give your company any access to the restricted business areas for foreigners in China (negative list).
does having a nominee shareholder give access to restricted business areas in China?
Depending on the specific situation, having a nominee Chinese citizen / resident shareholder might give your company access to some restricted business areas for foreigners.
How much do you chare for a nominee director in China?
Depending on the business, your requirements, and the duties (workload, and the involved risks) of the nominee director, our fees can be different. Please contact us and we will provide you with detailed quotation.
How much do you chare for a nominee shareholder in China?
Depending on the business, your requirements, and the involved risks for the nominee shareholder, our fees can be different. Please contact us and we will provide you with detailed quotation.
is it legal to have a nominee director in China?
Yes, Article 103, paragraph 2 of the Company Law stipulates that “shareholders who individually or collectively hold more than 3% of the company’s shares” may appoint directors.
is it legal to have nominee shareholders in china?
Yes, there is no restriction in the existing laws against nominating an individual or company as a shareholder of a China registered company. Nominee shareholders’ actions, exactly like nominee directors’, can be fully controlled by an enforceable contract,
Get a Free Consultation
Book your consultation today and let us answer your questions regarding company formation in China.
F.A.Q.
HOW MANY DIRECTORS CAN A WFOE / WOFE HAVE?
WFOE / WOFE (Wholly Foreign Owned Enterprise OR Wholly Owned Foreign Enterprise – they are the same) can have 1 individual director.
how many shareholders can a wfoe / wofe have?
WFOE / WOFE (Wholly Foreign Owned Enterprise OR Wholly Owned Foreign Enterprise – they are the same) can have up to 50 individual or corporate shareholders.
can a shareholder of a wfoe / wofe apply for work visa in china?
No. Shareholder is not a position. In order to apply for a work visa in China, a person should hold a position in a company.