Capital Verification Service

Capital Verification Service

2021-09-30

According to the Verification of Capital Contributions, after the shareholder (investor) of the a Wholly Foreign Owned Enterprise contributes and pays the registered capital into the WFOE’s Foreign Currency Capital Account, it should arrange to engage a local certified public accounting firm to perform an audit so as to verify that the capital is contributed and paid in accordance with requirements of the China Company Law and Articles of Association. The capital verification report issued thereafter is deemed as the legal proof of capital contribution. Capital verification reports are required in a number of circumstances including when a company is initially established, when capital is increased or decreased, when there is a change in shareholders, and when the company is part of a merger or acquisition. Capital verification reports also serve as important documents during the annual examination as well as when capital contribution certificates are issued to investors or shareholders.

 

Our company will prepare the necessary documents for amendment and evaluation by the institutions, including but not limited to; the Administration for Commerce and Industry, Tax Bureau, Administration and Customs, Administration of Foreign Exchange.

 

Our services include;

●   Capital Verification of Founding Foreign Fund

●   Capital Verification of Altering Foreign Fund

●   Other Special Capital Verification.