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A company that provides consulting services in China is called a consulting WFOE (Wholly Foreign Owned Entity), sometimes also referred as WOFE. There are really many kinds of different consulting WFOEs in China, for example:
- Management Consulting in China
- Recruitment Services
- Consulting in the Education Industry
- Consulting in the Technology Industry
In the last 10 years, China has become the most interesting location for business, exceptionally so for international consulting companies.
Actually, according to the IBIS (World Business Intelligence), the Chinese consulting services market has grown up with an average of 10% from 2009 to 2014.
This spectacular step up in size has been caused by the huge investment in high-tech and consulting services the Chinese government has made in recent years.
Since the consulting services market in China has grown so much, it has successfully lured an important amount of overseas consulting companies that are run as consulting WFOEs in China.
Everybody knows that most of the world’s biggest consulting services companies have made it to the Chinese market, and from there are attending clients all around the world in industries like HR, operations, marketing and business strategy.
The biggest consulting companies in China are competing with overseas consulting WFOEs located also in China to see who can get the most customers, this in turn raises the competitiveness and efficiency of other consulting services providers located in Chinese territory.
Right now, most consulting services companies in China are located in top cities like Shanghai, Beijing, Guangzhou, Shenzhen and others. Most of the biggest consulting WFOEs in China are based in the 4 business hubs of China.
This is because of several factors, one of the most remarkable ones is that setting up a consulting WFOE doesn’t need too much capital.
There are also other advantages of setting up a consulting company in China, like:
- China counts with a very comprehensive management control
- The ability of consulting firms to repatriate gains to their headquarters
- Acquirement of tax invoices
- All kinds of consulting services are readily available
- There’s no need for physical offices
- There is no requirement at all for injection of capital
And many many other advantages that consulting WFOEs in China can enjoy.
A consulting WFOE in China also enjoys a high margin along with insufficient regulations that does away with all the traditional red tape that foreign consulting firms have to deal with while operating in other countries.
While the Chinese consulting industry is still going through its growth stage, this means the thresholds are low, while the geographical distribution is unbalanced.
These are just a few reasons why a consulting WFOE in China can enjoy significant expansion, not just in the larger cities in China, but also the many medium-scale cities as well.
By setting up a consulting WFOE, you can:
☆ Operate a consulting WFOE in China that abides the law and has limited liability for its registered capital which can in turn reduce risks.
☆ Apply for a work visa for the legal representative and other personnel that require it, be it family or employees.
☆ Hire employees abiding by the law and acquire social security and accumulation funds-
☆ You will be able to issue formal invoices for your clients.
☆ You will be able to acquire excellent business subsidies and tax preferences to reduce tax costs.
☆ You will be able to apply for trademarks to improve your brand value and stand against competitors, raising the trust the clients might have on you.
☆ You will be able to apply for product patents which will give you protection given by the law itself.
0086-21-31404866 / 86-13764028336
Everything you need to easily start your company the right way.