Reply To: Relocating to Manila?

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#5549
Anonymous
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I am currently setting up a WFOE. From my application that my local consultant made, The minimum capital transfer is 15% within 3 months of business license release. 100% of capital must be cleared within 2 years. Also I heard the minimum capital is 1 million RMB (not sure as I am not registering this amount).

Or, you could buy a local company. However, you must keep the local person as the registered person. This works too for smaller scale projects.