There are 5 main company types in China: WFOE ,EJV, CJV, RO and branches. Around 80% of Kingyeechina’s clients opt to register a WFOE.
■ No need for a physical office
■ No need for registered capital
■ No need to go to China
■ The company can be created in 30 working days
■ EXCLUSIVE TO CORPORATION CHINA
[Types of Chinese companies]
■ Incorporate a Wholly Foreign Owned Enterprise (WFOE) in China
■ Creating a WFOE in the Shanghai Free-Trade Zone (Since 2017 this is the most used company type)
■ Creation of a Foreign Invested Partnership Enterprise (FIPE) in China without capital
■ Setting up a Foreign Representative Office (RO) in China
■ Creating of a Joint Venture (JV) in China
■ Offshore Structure: Formation of a Hong Kong Company
■ Mergers & Acquisitions in Chinese territory
Create a WFOE in China, you can start here...
WFOE (Wholly Foreign Owned Enterprise) means companies which are created within Chinese territory that comply with local Chinese laws, but with capital wholly invested by overseas companies, economic institutions or individuals.
Since the Chinese market is becoming more and more open every day, the WFOE company type registration in Shanghai has become the most utilized way to create businesses that come from overseas investors. The process involved in this registration is done within the most developed city in China. We provide all the services you require for the registration of your company in Shanghai.
In accordance with the Foreign Enterprise Regulation, companies with foreign capital must register keeping in mind its contribution to the development of the national economy, and fulfill one of these conditions: 1. Its overseas technology and equipment are used or 2. Most if not all products are exported. The organization type of this kind of companies is mostly limited liability company, these are also named one person limited company.
Branches of overseas companies and economic institutions do not count as WFOEs, an example might be: Branch offices, representative offices, etc.
Creating the Company
The registration of a company within China takes around 30 days to fulfill. The use can change between many kinds of operations in China. Often the ideal way to register the company is as a Limited-Liability type company which would count as a Wholly Foreign Owned Enterprise, also abbreviated as WFOE, WOFE or foreign-invested enterprise (FIE). WFOEs are a very often utilized investment tool for businesses based in mainland China.
Wholly Foreign Owned Enterprises can be capitalized by overseas investors and run without needing Chinese partners or employees, this can give you more control of the way the business operates, and also its profits and other financial indicators. A WFOE is an excellent choice for individuals or foreign companies looking to participate in the Chinese market.
Running the Business
A Wholly Foreign Owned Enterprise can opt to be incorporated to run general business activities in Chinese territory.
This provides overseas investors with more control of the running of the business and its strategy without the intervention of Chinese partners.
This type of company can participate in any kind of business activities, can give invoices to clients, accept RMB as payment method, turn profits into other kinds of currency, and also repatriate them.
This is the best way to protect your company’s technical trademarks, inside secrets and intellectual property.
This can also give you total control when hiring people and also removes the need to hire Chinese employees.
A Wholly Foreign Owned Enterprise must have either a foreign director or a Hong Kong based holding company that acts as investor.