The Most Popular WFOE Types and Industries
China as a huge market, is presenting oversea enterprises, foreign brands and entrepreneurs in all industrial sectors with its growing middle class. Foreign corporations are wanting doing businesses here legally and obtaining the correct corporate register licenses and permits to do relevant business activities and service to Chinese market, but all of them need to face the first challenge, apply for registering business entity.
SMEsChina teams, combined by lawyers, corporate consultants, CPA, industrial experts and global partners, have over 15 years of experience guiding business setting up as well as an extensive and great relationship with different register offices and supervision departments meaning SMEsChina obtain approval on certificate of business registration faster than other competitors.
Top 1. Consulting and Service WFOE
20 Working days registration time completed by SMEsChina once you have prepared all required documents and legal files.
Chinese consulting and service industries can be approved to register as a WFOE, as local registered service and consultancy provider, corporation can receive incomes from domestic or oversea customers ( individuals, companies, organizations ). It is different with trading businesses needing to obtain import and export licenses and permits.
Most Popular Industries:
Enterprise management consulting, sports development and consulting, estate consulting, education technology consulting, business information consultation, talents consulting, market planing consulting, conference consulting, etc.
Top 2. Trading WFOE
Completed wittin 20 working days to obtain business license and another 10 workdays to register import and export licenses and permits.
Trading WFOE is a legal business entity licensed to do domestic trade transactions or import and export activities to operate international businesses. Companies can choose to sale products by offline channels and online platforms ( b2b, b2c ), most of trading industries do not need special permits, can operate transactions directly.
China WFOE Registration
Open a WFOE in mainland China at standard costs with our professional teams.
Before you going ahead to establish a Chinese business entity as WFOE approved by local market and supervision departments as well as industrial and commercial administration bureau, you should make sure that your corporate structure of shareholder(s) requires the registration of a WFOE, you can find out from this page on this topic.
So you have to understand what is a WFOE ( wholly foreign owned enterprise ), or a WFOE ( wholly foreign owned enterprise ), meaning all shares owned by foreign existed corporation(s) or non residents.
If your Chinese enterprises does need to register a WFOE as the corporate type, SMEsChina will assist you completing whole procedure of establishment, Chinese WFOE or WOFE ( wholly owned foreign enterprise ), or FICE ( foreign invested commercial enterprise ) then registering it has never been easier than previous traditional and difficult process with multiple interviews.
Now, build a China WFOE has turned into a simply and comfortably experience, even you do not need visiting China personally, also can complete whole process from business setting up, bank account and qualification of corporate taxpayer. If your business license be failed to deliver, you can reject paying off the service fees. SMEsChina 1 to 1 service system guarantees that all online guidance and advice will be processed seamlessly.
Read more: 20 Workdays Setting up a WFOE in China
What SMEsChina does:
Our services in areas of license registration, opening bank account, tax registration, issuing VAT invoices and company seals, SMEsChina has great confidence to operate your consulting and service WFOE registration. When you decide to register a WFOE, also we can provide a virtual registered office as your commercial address to obtain licensing approval.
All Chinese enterprises registered different market and supervision department offices are required to report their yearly audit, financial settlement and license inspection, in addition, all companies need to report monthly VAT records and quarterly profits to tax offices.
For those unfamiliar with Chinese regulations and rules, SMEsChina can assist you open trading WFOE smoothly if you have decided starting business in mainland China. Our services include:
1. Company formation
2. WFOE License Approval
3. Apply for Corporate Chops
4. Obatin VAT qualification
5. Open a local bank account
6. Register foreign exchange
7. Licensing foreign trade certificate
8. Inspection and quarentine permit
9. Electronic port cards
Also we can provide:
1. Residence permits application
2. Accounting and tax compliance
3. Naming services with Chinese
4. HR and Payroll services
5. Virtual registered address services
Above information of top 2 Chinese wofe categories clooected by SMEsChina teams, if you have any WFOE / WFOE questions, you may contact our consultants and get more guidance.
FAQs of China WFOEs