How to Set Up Manufacturing in China
China Manufacturing Company Registration in 2022.
How to get started with setting up a Manufacturing company.
If you wish to manufacture products in China, you must register your company as a China Manufacturing Company, also called a manufacturing WFOE. In some instances, the government may provide incentives and tax breaks for foreign manufacturing companies. The rules and regulations for manufacturing companies are complicated. Hence, to get started, professional guidance is recommended. Corporation China has developed unequaled expertise in the registration of manufacturing companies.
Did you know that China is the world’s largest manufacturer.
China is the world’s largest manufacturer, and its labour costs are still low relative to that of most western countries. Hence, it is an ideal location to manufacture products that require high labor or vast scale. Corporation China can help you navigate through the ins and outs of China’s manufacturing world.
To setup a WFOE – Wholly Foreign-Owned Enterprise.
How to setup a factory in China.
Setting up a company in China does not necessarily mean that you can engage in any type of business activity. In China, WFOE’s can only operate within the business scope approved by the authorities. Business operations other than those allowed by your WOFE’s license are subject to further approval by the authorities. Hence, it is vital to determine early what is your business scope.
How to set up a factory in China?
Corporation China can help you establish a Manufacturing WFOE. The unique feature of a WFOE is that the entity is 100% owned, capitalized, and operated by foreign investors without a local partner. A WFOE allows you to maintain greater control over your business operations, and revenue targets. In addition, it allows you to conduct business in China on your own without the need for a local partner. A WFOE is a favorable choice for an overseas company that wants to permanently incorporate into mainland China.
The exact delay necessary for the registration of a Manufacturing WFOE depends on several factors. Send us information about your business scope and we may provide more detailed information.
What can a China Manufacturing be used for?
Setting up a Factory issues to consider.
Setting up a Factory issues to consider.
An online store in China reported a record of $17.8 Billion sales in a 24 hour period!
The Chinese consumer market to most is uncomprehendable. The Chinese consumers online shopping e-retail sales passed $1 trillion, the world’s leading e-commerce market.
In 2017 China surpassed the United States of America in total online retail sales with a figure of roughly $750 billion in sales. Single’s Day, on November 11 (11/11) is the largest online shopping event in the world. In 2016, Tmall reported a record of $17.8 Billion USD in 24 hours.
Retail web sales totaled 7.18 trillion yuan ($1.149 trillion) in 2017, an increase of 32% from 5.43 billion yuan ($869 billion) in 2016, according to China’s Ministry of Commerce. E-commerce growth accelerated past the 30% mark in 2016.
China stands to make further ground on the world’s largest retail industry as new market opens up in China.
China Manufacturing Company Registration
To manufacture products in China, you must Register your company as a China Manufacturing Company, also called a Manufacturing WFOE.
China offers the following company registration types.
Corporation China offers expertise in company registration and licensing with full back office support, human resource management services, inbound and outbound investment opportunities, due diligence, legal consulting, accounting and overseas real estate.
Corporation China Clients.
Featuring a few of our top client brands. Corporation China incorporates micro, macro and mega size companies.