Wholly Foreign Owned Enterprise
Setting up a WFOE in China
How to expand your business to China by setting up Wholly Foreign Owned Enterprise.
No Real Office Needed
No Registered Capital Required
No Need to Visit China
Set-up in 30 working days
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Joyce Li MISS UNIVERSE
China WFOE Company Registration
A Wholly Foreign Owned Enterprise (WFOE) can be incorporated to conduct general business activities in China
It gives foreign investor complete control of the day to day business and decision-making without any compulsory involvement from a Chinese partner.
A Wholly Foreign Owned Enterprise (WFOE) is the quickest method to get a business license in China. Once incorporated, companies can begin to conduct general business activities in China. Find out how China company registration can work for your business.
What is a WOFE ?
Under Chinese law, a Wholly Foreign Owned Enterprise is a limited liability company that is fully owned and capitalized by foreign investors (You) and operated without a local (Chinese) partner.
This provides you with greater control over your business’s operations, revenue and profit targets.
Since it is a separate legal entity, it also limits your liability to the contributions made to the registered capital of the WOFE.
A WOFE is a favorable option for an American company that wants to enter the Chinese market.
Advantages of a Wholly Foreign Owned Enterprise
Establishing a Wholly Foreign Owned Enterprise does not require a large overhead investment.
- A WOFE can be incorporated to conduct general business activities in China
- It gives foreign investor complete control of the day to day business and decision-making without any compulsory involvement from a Chinese partner.
- It can engage in any business activities, issue invoices to clients, receive RMBs, convert profits into foreign currency, and repatriate them.
- It is the most effective way of protecting trademark technical information and trade secrets.
- It provides complete authority regarding the hiring of staff,and does not require you to hire Chinese staff.
- A Wholly Foreign Owned Enterprise requires either one director of foreign nationality or a holding company located in Hong Kong to act as an investor.
Setting up a company in China from the USA
The most obvious way for American Companies looking to do business in China is to set up a Wholly Foreign Owned Enterprise, abbreviated as WFOE or WOFE.
Many American companies have successfully entered the Chinese market through their partnership with us.
For more information you welcome to call us on our USA HOTLINE (+ 1 ) 253 777 0117
Remittance of Profit
NO Registered Capital
30 Days Registration
100% Foreign Owned
3 steps to create your company in China
1. ChooseCompany Type
2. Choose Location
Contact us
+ submit the required documents
Setting up a Chinese Company
When setting up a company in China, there are numerous things to consider and hence it is important to seek appropriate legal help. Corporation China has developed unparalleled expertise in this area and can provide you with everything necessary to set up your consulting company. Corporation China offers first-class solutions to all of the following requirements.
Registered Office address
A Registered Address is a good way to register your Chinese Company as you do not need to rent an expensive office. It is legally required to have an address to perform a WOFE company registration in China.
You do not require a real office there’s no need for a real office, Corporation China can provide a registered address for the lifetime of the company to register your company in China
Corporation China is the ONLY company that can supply a China WFOE Registered address that will be the PERMANENT Legal address of your company.
Corporation China’s board of directors were the responsible team for creating the registered address concept in China.
Registered Capital
The Registered capital requirement is the amount of capital required to operate the business until it can break even. China used to require minimum registered capital for WOFEs but changed its policy to promote direct investment in certain zones.
Thier is no paid-up capital required when you register with Corporation China.
- Corporation China can Guarantee Bank Account for all our clients.
- Corporation China is the Largest Foreign Direct investment firm in Asia Pacific. [wikipedia]
- With offices in 44 locations across China, our nearest office is never far away.
OUR TURNKEY SOLUTIONS FOR BUSINESS IN CHINA
Updated: 11 November 2018
China Company Formation
The ever-changing and growing market in China has set the tone for this country for many years to come. China is the worlds largest economy and has also managed to acquire a solid and reliable business climate in China. The main focus of this was to attract investments into China, thereby increasing the living standards. With the majority of industries, the legal structure stands at the base of the company’s success and gives investors to develop in the most beneficial ways. Technology, energy, engineering, health, manufacturing, import and export, automotive, food and beverages are only a few of the expressive domains in which business people can set up companies in China and benefit from numerous advantages like a stable market and varied ways to generate profits. You need to know what type of business you want to set up: Joint Venture, WFOE or Representative Office.
How can I register a company in China?
Based on the desired activities and sector you choose, a WFOE in China can be opened in a fast and proficient manner, also taking into account particular documents for submission and several rules enforced. WFOE represents the common business form for foreigners who want to set up in China. The following matters are linked to the company incorporation of a WFOE in China:
- You must decide on and verify the name of the business with the authorities in charge;
- You should provide information about the owners (name, nationality, the country of residence);
- What are the set up the activities (an important step after the business structure is settled);
- Appoint the board of managers (these can be foreigners or Chinese nationals);
- Generate a business feasibility report (each type of entity requests this report);
- Provide the minimum share capital in a Chinese bank (free trade zones do not require it);
- Apply for a business license in accordance with the type of service you are offering;
- Register for tax purposes (You should verify the tax system in China).
Corporation China can help foreigners in registering their activities through companies in China. But, if you want to know the taxes imposed in this country, we will assist you. It is also mandatory to hire an accounting firm in
Looking to begin the first step in building a business in China?
We are continuing our success opening foreign companies in China and providing unparallel professional services for obtaining a China business license for foreign company registrations.
China remains an undeniably beneficial location to set up a company and start a business as a foreigner. How can you set up a company in China as foreigner? Corporation China is a leading developer in providing the professional assistance to wholly foreign-owned enterprises establishing their company offices in China and navigate the process of China company formation.
Shanghai is one of the top global seaports and largest trade zones in the world market. These business centers remain economic advantageous of creating a business in China and improving your business as a foreigner. A fully operational global port and window into East Asian trade, the Shanghai Free-Trade Zone is a gateway into import-exports, manufacturing, joint-ventures, and strategic advantages of setting up a wholly foreign owned enterprise. Corporation China is a uniquely positioned and experienced team of professionals who understand how to get a business license in China.
How long does it take to set up a foreign owned enterprise in China?
Our team at Corporation China of multinational consultants is poised to set up Chinese company registrations and China business licenses for foreign corporations with a team of business and legal professionals. China company formation applications are covered with foreign business license codes, tax registration numbers, enterprise code certificates, and documents all necessary for establishing a business presence in China. We at Corporation China help our clients understand how to set up a company in China with your foreign owned business.
Where can I open offices in China?
We’ve pioneered the field of company formation in China and have exclusivity on supplying China wholly foreign owned enterprise (WFOE) Registered addresses that can serve as your location for your company office in China. Our law offices in the Asia Pacific region span 44 locations including all the major cities in China. There is no upfront cost to register with us and start the beginning process of China company formation and registering your foreign owned enterprise.
What can a WFOE Company be used for?
Setting up the Company
The registration of a China Company takes about 30 working days to complete. Its use can vary among many different operations in China. For most cases, the ideal way to register your company is as a Limited-Liability type company called Wholly Foreign Owned Enterprise. Also abbreviated as WFOE, WOFE or foreign-invested enterprise (FIE). A WOFE is a commonly used investment vehicle for mainland China-based businesses.
Ownership
Wholly Foreign Owned Enterprise may be capitalized by foreign investors and operated without the need for Chinese partners or employees. It will provide you with greater control over your business’s operations, revenue and profit targets. A WOFE is a favorable option for both individuals or overseas company that wants to enter the Chinese market.
100% Owned by Foreign Investors
Protects Intellectual Property& Trademark
Whats Needed To Start Your Business In China
Whats Needed To START
1. Do your homework.
find out more about the market and if your services or products will do well in China
[ contact a company like Brand Asia that can help you with market research ]
2. Pick a location
Shanghai, Beijing, and Guangzhou are the major business and industrial centers. The type of business may require you set up in one of these cities. Shanghai counts for one-third of China's GDP and also easy to find staff that speak good English
3. Choose a Chinese Company Structure
Before registering you need to decide what type of business entity to register. The most common for foreign Investment are Wholly Foreign Owned Enterprises (WOFE), Representative Offices (RO) and Joint Ventures
4. Develop a business plan.
A detailed business plan is crucial because once the government approves it, you will be able to operate only within the business scope, but that can also be changed if needed
Business Plan
5. Organize the necessary documents.
The documents you'll need to register for a Company will vary from place to place but mostly is just a few passport and company information.
6. Trademark your intellectual property.
Intellectual property violations can be an issue for foreign investors in China.
Trademark is a first to serve the system and is a simple process
8. Open a Bank Account
Once your company is established, you will need to open a bank account and also apply for a tax invoice ( Fapioa) machine
9. Hire staff (if required)
Hiring staff in China might seem complex ,our Yingke HR Division can help
Documentation
SET UP AS AN INDIVIDUAL
- A scan of your passport
- A Personal Bank Reference Letter
- Choose a name for the your China WFOE
- Choose a location for the company in China
SET UP AS A HONGKONG COMPANY
- Notarized copy of Passport of Director and Company Registration Certificate
- Hong Kong Company Registration Certificate
- Hong Kong Company Bank Reference Letter
- The Hong Kong Company will then be the Holding Company for the WFOE We can set up a Hong Kong Company in about 5 days
SET UP AS A COMPANY
- A Passport Scan of the Director(s)
- A Certificate of Company incorporation
- A Company Bank Reference Letter – stating no bad record
- All Documents need to be notarized by the Chinese Embassy.
Bank Account
Opening a China Bank Account
Opening a China Bank Account is a post-licensing service. Corporation China has the knowledge to assist your company during the Bank Account Opening Process. We can Guarantee the China Bank account as we have a partnership with most of the top banks in China. The bank you chose is at your discretion but most of our clients have chosen Bank of China or HSBC. You may contact us for more information about opening a Bank Account and the required documentation must be provided to the Bank during the Process.
Are You Ready
To Start Your Business In China
Get a FREE Consultation with China's Leading Company formation experts
AVA ZHOU
Account Manager
Ava's expertise is in Brands entering China and strategy. She has a legal and Marketing background
She speaks English, Chinese and "Australian"
China economy grew 6.8% in the first quarter of 2018, topping expectations
¥80 trillion
China’s GDP rose from 54 trillion to 80 trillion yuan
- China’s market outpaced its economy last year, presenting a double digit growth and reaching a total market value of $4.5 billion. The Chinese consulting industry is now larger than its international equivalents in France and Australia.
- As the world’s fastest growing economy, China has become an economic superpower.China’s economy grew 6.8 percent in the first quarter over the same period last year above the government’s 6.5 percent target as a rebound in private investment .
- China’s financial regulators are fast-tracking approvals for Foreign Firms to access more parts of the market, as Beijing tries to reposition itself as an open advocate of free trade
China Trading Company Registration
China Trading Company Registration’s dramatic development comes from its diverse economic base. Major industry networks include communications, electronics and the information industry, biomedicine, auto manufacturing, petroleum, sophisticated chemical and steel manufacturing, complete-set equipment manufacturing, finance, insurance, real estate, household electrical appliances, etc. China Trading Company Registration is the largest consumer market among all mainland cities, supported by the rising income level and a massive inflow of tourists. Also considered China’s most significant financial center with over 1,430 financial institutions, including banks, insurance companies, and securities companies, of which 230 were foreign-invested.
China Trading Company Registration
China Trading Company Registration
Corporation China is the leading company registration firm in China. We offer China Trading Company Registration and help you establish a Wholly Foreign Owned Enterprise in China Trading Company Registration, and we can also provide the registered address. China Trading Company Registration is an excellent choice for companies that are in computer software, IT, microelectronics and components, video and audio products, electromechanical integration, and critical projects of light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology are also on the rise in China Trading Company Registration in The unique feature of a WFOE is that the entity is 100% owned, capitalized, and operated by foreign investors without the help of a local partner. A WFOE allows you to maintain greater control over your business operations, and revenue targets. Also, it will enable you to conduct business in China Trading Company Registration on your own without the need for a local partner. A WFOE is a favorable choice for an overseas company that wants to incorporate into mainland China Trading Company Registration permanently. Establishing a Company in China Trading Company Registration for consulting can be used for the following : Consulting Business Services Restaurant Management Overseas Investment Consulting Great & Flexible Start-Up
China Trading Company Registration Company set up
Establishing a Company a China Trading Company Registration for Trading can be used for the following : Importing and Exporting Purchasing Products for Export Selling in China Local Market Claiming VAT Tax Back
- Consulting Business Services
- Trading Import & Export?Registration
- ManufacturingCompany Registration
- Bringing your Brand to China
China Trading Company Registration ADVANTAGES: A Low Capital Requirement Total Management Control within PRC Total Management Control within PRC Issue ” Fapiao” Tax Invoices Applying for China work Visa in Corporation China is the ONLY company that can supply a China Trading Company Registration WFOE Registered address that will be the PERMANENT Legal address of your company. HR & Recruitment This is the most commonly outsourced HR function and involves monthly payroll processing as well as the calculation of monthly employer and employees? Social benefits contributions to the relevant Chinese authorities HR Administration & Consulting Services China Trading Company Registration employment environment is complicated due to the need to integrate national laws and local policies
China Trading Company Registration (WOFE) incorporation
A Wholly foreign-owned enterprise (WFOE) could be a company established in China Trading Company Registration in line with Chinese laws and wholly closely-held by one or a lot of foreign investors. Establishing a China Trading Company Registration does not require a significant overhead investment.
- A WOFE can be incorporated to conduct general business activities in China
- It gives foreign investor complete control of the day to day business and decision-making without any compulsoryinvolvement from a Chinese partner.
- It can engage in any business activities, issue invoices to clients, receive RMBs, convert profits into foreign currency, and repatriate them.
- It is the most effective way of protecting trademark technical information and trade secrets.
- It provides complete authority regarding the hiring of staff and does not require you to hire Chinese staff.
- A China Trading Company Registration requires either one director of foreign nationality or a holding company locatedin Hong Kong to act as an investor.
SHANGHAI China Trading Company Registration
- Full Legal setup procedures
- Company name approval
- Certificates of Incorporation
- Company Stamps and Chops
- The company Business scope
BEIJING China Trading Company Registration
- Company Bank Account
- Tax & Accounting
- Full Back office support
- Register for Tax Invoice ( Fapioa Machine)
- China Payroll Service
- Marketing Services
Everything you need to start your company the right way easily. We take care of the complete China Company Registration process Learn more
- Full Legal setup procedures
- Company name approval
- Certificates of Incorporation
- Company Stamps and Chops
- The company Business scope
Company Registered Address
Corporation China is the ONLY company that can supply a China WFOE Registered address that will be the PERMANENT Legal address of your company.
- Permanent Legal Company Address
- Company can operate from any location(s)
Post-incorporation company setup
- Company Bank Account
- Tax & Accounting
- Full Back office support
- Register for Tax Invoice ( Fapioa Machine)
- China Payroll Service
- Applying for China work Visa
China Trading Company Registration (WOFE) China incorporation – Shanghai, Beijing, Shenzhen, Guangzhou
Types Of WOFE’s- Consulting or Service WFOFE.
- Manufacture or Factory type WOFE
- Trading WOFE – Wholesale, Retail or Franchise in China
- FICE (Foreign-Invested Commercial Enterprise) FICE Registration
– Business Scope The Business of China Trading Company Registration Scope is narrowly outlined and understood for all businesses in China; a WFOE could solely wrongfully conduct business at intervals the business scope that seems on its business license. In the application documents, the business scope is written as a listing of business activities that the can conduct in China, and therefore the initial commercial activity can outline the general nature of the WFOE for classification functions. The classification can any outline the minimum needed capital, style of invoices, style of applicable taxes, etc. in concert example, for a previous WFOE registration, the company’s business scope was written as “retail of cosmetic merchandise, coaching on cosmetic merchandise, after-sales services.” the character of this WFOE was thus outlined by the Chinese authorities as a “retail- trading WFOE”, so the desired registered capital was RMB300,000, and it had been ready to receive the Value-Added-Tax invoices that area unit essential to a company in China.
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info@corporationchina.com
+86 021 5102 1891 (CN)
+1 253 777 0117 (US)
+44 (0) 20 8133 7773 (UK)
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+911166482160 (IN)
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580 West Nanjing Road, office 3506, 35th Floor LL Land Building Jing’an, Shanghai