Shanghai Wholly Foreign Owned Enterprise (WFOE)
The registration of a Shanghai Company takes about 30 working days to complete. It can be used for various operations in China. The ideal way to establish your Shanghai 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.The WFOE will the be registered with the Ministry of Commerce, (MOFCOM)
Shanghai Wholly Foreign Owned Enterprise
Shanghai is a good choice for companies in computer software, IT, microelectronics and components, video and audio products, electromechanical integration, and critical projects in light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, and biotechnology are also rising in Shanghai.
Setting up a Company Shanghai
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.
Corporation China offers turnkey solution
When setting up a company in Shanghai, there are numerous things to consider. It is essential to find appropriate legal help in China. Corporation China has developed expertise in this area. It can provide everything necessary to set up your Shanghai company. In addition, Corporation China offers turnkey solutions to the following requirements.
Corporation China is the Largest Foreign Direct investment firm in the Asia Pacific.
Shanghai Bank Account
For international money transfers in and 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 be Guaranteed a Bank Account for all our clients
Why start your Business in Shanghai ?
Situated on the estuary of the Yangtze River, Shanghai is a distinguished global city that functions as one of the most prominent economic, monetary, global trade, and also cultural centers in South East China. The city is also a preferred travel location for visitors to notice the pulsating advancement of the country. While the Shanghai skyline is compiled of brand-new high-rise buildings and old Shikumen, Western customs link with Chinese practices, developing the city’s culture, as well as thus making site visitors remain in this city remarkable.
To accept a few of its society and attractions, do visit:
- Yu Garden, 218 Anren St, Huangpu Qu
- Jade Buddha Temple, 170 Anyuan Rd, Jing’ an
- Shanghai Disneyland Park, Shanghai Disney Resort, Pudong
- The Bund Shanghai, Zhongshan East 1St Rd, Waitan, Huangpu Qu.
- Shanghai Museum, 201 Ren Min Da Dao
An Introduction to Shanghai