Corperate

From 2002, as experienced shenzhen lawyer providing service to foreign nationals and foreign businesses, we have been helping clients start WFOE and other business types. And till now, we have provided the WFOE registration related services for thousands of enterprises and follow-up accounting,taxation and other related one-stop solutions.We also advise clients over startup of representative office, foreign owned trading company in Shenzhen.

Foreign Enterprise Registration Services Include:

Name Authorization、Application for Foreign Economy &trade Committee、name check 、Foreign Economy &trade Committee item application、commerce register、Code register、Foreign exchange check、capital account setup、capital audit deputy、tax register、financial register、CIQ register、statistic register、import and export rights license、 Food circulation license .

Business Types in China Introduction:

Before starting up a business in China, to know the company types is very necessary. Foreign Investors generally establish a business in China in one of five types: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Joint Venture, Partnership Enterprise (PE)and Hong Kong company,for more details, please check Business Comparison Chart.

Business Comparison Chart
ITEMS WFOE/ JOINT VENTURE REPRESENTATIVE OFFICE HONG KONG COMPANY PARTNERSHIP ENTERPRISE
Minimum Capital Start from
100K RMB
Not capital required 1 HKD No minium capital required
Business Scope Specific Industry: Trading WFOE, Consulting WFOE, Manufacturing WFOE Liaision; Quality Control; Promotion;
Visit
All business activities offshore; General Trading Specific Industry according to Foreign Investment Industrial Guidance
Office In an office building which could register business Shanghai: Grade A building; Beijing: office building Virtual address in HK In an office building which could register business and registration type
Working Visa 1 year multi-entry Visa 1 year multi-entry Visa Couldn't have work visa in China and HK 1 year multi-entry Visa
Recruiting Recruiting staff directly Through Local HR agency: FESCO,Elitestage Can't recruit staff in China Recruiting staff directly
Taxation Turnover tax; Income tax, Dividend tax Expenses; individual income tax Corporate Income tax: 16.5%. No dividend tax Turnover tax; individual Income tax, Dividend tax
Maintenance Monthly; Quarterly; Annually Monthly; Quarterly; Annually Annual: License renew; audit report Monthly; Annually
Bank Account Access & receive money; pay bill; issue cheque; withdraw cash in China; RMB account and Foreign Currency Could only receive money from parent company; Could only pay for expenses; Can't pay for products Online banking; Withdraw cash in HK; Withdraw cash with debit card in China if applicable Access & receive money; pay bill; issue cheque; withdraw cash in China; RMB account and Foreign Currency
Invoicing Official invoice in China Can't issue invoice or receipt Customized A4 size receipt Official invoice in China
Receiving payments World Wide Not allowed to receive payments from clients World Wide World Wide
Liability of equity participants Limited to amount of registered capital Parent company. Parent Company must be established over 2 years Limited to amount of equity participation Unlimited liability or limited liability in an limited partnership enterprise

Always consult our China company formation lawyers when you are going to start a business in China. Let the lawyers to do it in a professional way and you won't get it mess up.

Client Testimonial

One of the best China lawyers based in Shenzhen! I appreciated this Shenzhen lawyer's service because they helped me achieved my goals, though it was a tough mission. They are English speaking lawyers, so there are absolutely no communication barrier you likely encounter elsewhere. What impressed me is these Shenzhen lawyer's quick response and professional service, two characteristics which I treasure most. Although the Shenzhen lawyers are based in south China, they represent clients across the country, so you can also call them China lawyer! - Johnson