Chat with us, powered by LiveChat
Select Page
Wholly Foreign Owned Enterprise

China Company formation

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
EXCLUSIVE TO CORPORATION CHINA

 

Welcome to China

Joyce Li MISS UNIVERSE

 

China WFOE Company Formation

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

 

Formation of a China Company 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.
N

Remittance of Profit

Able to convert RMB to US dollars and remit outside of China

NO Registered Capital

No Injected Registered Capital required

30 Days Registration

The registration of a China Company takes about 30 working days to be done

100% Foreign Owned

A China WOFE is 100% owned, capitalized, and operated by foreign investors

3 steps to formate your company in China

China Law Firm


1. ChooseCompany Type

5
China Law Firm


2. Choose Location

5

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.

REQUEST MORE INFO

OUR TURNKEY SOLUTIONS FOR BUSINESS IN CHINA

Contains everything you need to easily start your company so that you can concentrate on DOING BUSINESS!

Company Bank Account

Due to existing restrictions on international money transfers in China, your mainland-based clients will only be able to pay you within China. Therefore, a bank account in which local companies can transfer you Chinese RMBs is necessary.

Tax Invoice

Chinese companies put a lot of trust in the government and the Chinese legal system. Hence, they are very likely to inquire whether your company is registered in China. This is a way for them to establish the legitimacy of your business and to ensure that you can provide them with a tax invoice locally referred to as a Fapiao.

China Trademark

The Chinese trademark registration system is based on a first come first serve basis. Hence, it is important to register your brand’s trademark and logo in China as early as possible. Having an international trademark is not helpful as a foreign trademark are not enforced in China.

Marketing

You should also consider localizing your marketing by using colors and slogans that appeal to Chinese consumers. Having a slogan in Chinese will also help Chinese customers get a better understanding of the strength and appeal of your brand. Above all, Corporation China in partnership with Brand Asia, offers proven solutions to help you tailor your marketing plan to the Chinese market.

REQUEST AN ONLINE PROPOSAL

What can a WFOE Company be used for?

China company formation

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

 

Need 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. 

 

Read more >

FAQ

How much will I need to start ?

Basically the starting fees and Government License fees, Let us know what you intend setting up and we can send you a detailed proposal.

How Fast will the set up take?

Most companies in China quote 3-9 months, BUT Corporation China can normally set it up in under 6 weeks (and we know what the next question will be)

Why can Corporation China set up the Company so quickly?

Its a Chinese word called ” Guanxi. we have been doing this for more than 15 years, have 6000 lawyers and are know as one the top law firms in the world.

What is Registered Capital?

Registered capital is the amount of injected capital that is invested by shareholders in a foreign investment enterprise that is registered in China as is a Tax-Free way to bring capital into China. This registered capital can we used to set up the company and operate it until it starts to make a profit.

How much is the Registered Capital?

NO REGISTERED CAPITAL NEEDED With Corporation China (and only with us) we can arrange a Registered Capital that does not need to be paid up, this means you can choose any Registered Capital, but you never have to inject it, unless you want to.

What is the best structure to use?

The fastest way is setting up a Hong Kong company, as all the documents are already in Chinese and Hong Kong is also a Tax Free zone so all profit can be sent from your China Company to its Holding Hong Kong company, saving of taxes. You can download our WHY HONG KONG PDF 

How to choose a Chinese company name ?

Corporation China can assist your company with that, it can be a “sounds like the English name” ( as in the case of Mcdonalds where it goes by the Chinese name of 麦当劳 Màidāngláo) or a good meaning Chinese company name , but at the end of the day most companies still use their English name for marketing and logos.

Do I need to go to China to get started?

No, we can set 90% up by email at first. You will need to come to open the bank account once the company is near complete, if you are the Legal representative of the company and also to sign some papers at the government office.

Can Corporation China povide a Virtule type office and China Telephone number ?

Yes, we have 44 offices in China, and we can provide you with a Virtual Address to put on your business card and a telephone number answered in your company name  More info

If I contact Corporation China, can you understand me?

At Corporation China we privileged to have staff from all over the world working for us, here are a few the languages we speak: English, Italian, Finnish, Dutch, French, Spanish, German, Portuguese, Russian, Afrikaans, Japanese, Shanghainese, Cantonese and of course Mandarin and some Chinglish (Chinese English).

If I contact Corporation China, can you understand me?

At Corporation China we privileged to have staff from all over the world working for us, here are a few the languages we speak: English, Italian, Finnish, Dutch, French, Spanish, German, Portuguese, Russian, Afrikaans, Japanese, Shanghainese, Cantonese and of course Mandarin and some Chinglish (Chinese English).

Why use Corporation China?

The main reason is not that we the largest, it is that understand your needs as many of our directors are also Foreigner’s that came to China to start a business as you intend to. Yingke began with one office in Beijing and had grown to what it is today. We take that knowledge on how to succeed and use that to help you.

Where are your offices located?

Corporation China has 44 branches in China including Beijing, Shanghai, Guangzhou, Shenzhen, Xiamen, Hong Kong and overseas branch offices in London, Singapore, Switzerland, Lisbon, Cape Town, Dubai and Miami USA See our Contact us

Where are your offices located?

Corporation China has 44 branches in China including  Beijing , Shanghai , Guangzhou , Shenzhen , Xiamen , Hong Kong and overseas branch offices in London , Singapore , Switzerland ,Lisbon, Cape Town ,Dubai and Miami USA See our Contact us

Are You Ready

To Start Your Business In China

Get a FREE Consultation with China's Leading Company formation experts

[[[["field6","contains","Setting up a Company"]],[["show_fields","field16"]],"and"],[[["field6","contains","Shanghai Free Trade Zone"]],[["show_fields","field7"]],"and"],[[["field2","contains"]],[["show_fields","field6"]],"and"],[[["field6","contains","Tmall Store"]],[["show_fields","field18"]],"and"],[[["field16","contains","Trading Company"]],[["show_fields","field18"]],"and"],[[["field16","contains","Manufacturing Company"]],[["show_fields","field18"]],"and"],[[["field16","contains","Food & Beverage"]],[["show_fields","field18"]],"and"],[[["field6","contains"]],[["show_fields","field8"]],"and"],[[["field18","contains","Sell goods In China"]],[["show_fields","field24"]],"and"],[[["field18","contains","Tmall \/JD Mall Store"]],[["show_fields","field24"]],"and"],[[["field18"]],[[]],"and"],[[["field6","contains","Online Store"]],[["show_fields","field18"]],"and"],[[["field18","contains","Sell goods in China"]],[["show_fields","field24"]],"and"],[[["field24","contains"]],[[]],"and"],[[["field16","contains","Hong Kong Company"]],[["hide_fields","field8"]],"and"],[[["field4","contains"]],[["show_fields","field44"]],"and"],[[["field4","contains"]],[["show_fields","field5"]],"and"]]
1
Name
no-icon
Contact numberWe offer a call back service
Company Name
no-icon
I need more info on
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

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

Got questions?

We’ve got answers.

Got questions?

We’ve got answers.

[[[["field2","contains"]],[["show_fields","field4"]],"and"],[[["field4","contains"]],[["show_fields","field5"]],"and"],[[["field4","contains"]],[["show_fields","field35"]],"and"],[[["field2","contains"]],[["show_fields","field36"]],"and"]]
1
Name
no-icon
Company
no-icon
Skype / WhatsAppWe offer a call back service
no-icon
Contact numberWe offer a call back service
no-icon
I need more info on
Messagesomething more
0 /
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

 

 

 

 

[[[["field2","contains"]],[["show_fields","field4"]],"and"],[[["field4","contains"]],[["show_fields","field5"]],"and"],[[["field4","contains"]],[["show_fields","field35"]],"and"],[[["field2","contains"]],[["show_fields","field36"]],"and"]]
1
Name
no-icon
Company
no-icon
Skype / WhatsAppWe offer a call back service
no-icon
Contact numberWe offer a call back service
no-icon
I need more info on
Messagesomething more
0 /
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

 

 

 

 

CONNECT 

Corporation China WeChat QR Code

CONTACT

 

info@corporationchina.com

+86 021 5102 1891 (CN)
+1 253 777 0117 (US)
+44 (0) 20 8133 7773 (UK)
+61(02) 8006 1867 (AU)
+911166482160 (IN)
+852 8191 0881 (HK)

Location

580 West Nanjing Road, office 3506, 35th Floor LL Land Building Jing’an, Shanghai

 

General Info

About / FAQ / Our Team / News  PAYMENTS  China Consulting Company Registration

Pin It on Pinterest