Guangzhou Company Registration
How to expand your business to Guangzhou by setting up Wholly Foreign Owned Enterprise
Guangzhou Wholly Foreign Owned Enterprise (WFOE)
The registration of a Guangzhou Company takes about 30 working days to complete. It can be used for various operations in China. The ideal way to establish your Guangzhou company is as a Limited-Liability company called Wholly Foreign Owned Enterprise (WFOE, WOFE, or foreign-invested enterprise (FIE). A Wholly Foreign Owned Enterprise is a commonly used investment vehicle for mainland China-based businesses.
Guangzhou Wholly Foreign Owned Enterprise
A Guangzhou Trading Import – Export Company, abbreviated Trading WFOE, is a commonly used investment vehicle for mainland Guangzhou-based businesses. It is used for businesses dealing mainly with wholesale and retail. Unlike other types of Wholly Foreign-Owned enterprises, an Import and Export License is needed to establish a Trading Company. A China trading WFOE is one of 4 types of WFOEs permitted in Guangzhou.
The unique feature of a Guangzhou WFOE is that the entity is 100% owned, capitalized, and foreign-operated without the help of a local Chinese partner. Therefore, a WFOE enables you to manage your service operations and income target. In addition, it allows you to conduct business in Guangzhou on your own without needing a local partner. Therefore, a WFOE is a favorable choice for an overseas company that wants to incorporate into mainland Guangzhou permanently.
Setting up a Guangzhou Company
A Wholly Foreign Owned Enterprise can be incorporated to conduct general business activities in Shanghai. It gives foreign investors complete control of the day-to-day business and decision-making without compulsory involvement from a Chinese partner.
The company can engage in business activities, issue invoices to clients, receive RMBs, convert profits into foreign currency, and repatriate them.
It is the most effective way in China to protect trademark technical information, trade secrets, and intellectual property.
A WFOE is the complete authority regarding staff hiring 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.
When setting up a company in Guangzhou, there are numerous things to consider, so it is essential to seek appropriate legal help. Corporation China has developed expertise in this area and can provide everything necessary to set up your Guangzhou company. Corporation China is the Largest Foreign Direct investment firm in the Asia Pacific.
Guangzhou Bank Account
We can also open a China bank account that allows you to make international transfers out of China; your mainland-based clients will only be able to pay you within China. Therefore, a bank account where local companies can transfer Chinese RMBs is necessary. Corporation China can Guarantee a Bank Account for all our clients.
An Introduction to Guangzhou
We offer Guangzhou Company Registration and help you establish a Wholly Foreign Owned Enterprise in Guangzhou, and we can also provide the registered address in Guangzhou.