Greater China

Entrust company incorporation to our specialists .

Over the past decade, the startup market in China has expanded significantly and is rapidly catching up with other major economies, becoming one of the world leaders in entrepreneurship, innovation and investment.

Whether you are considering expanding to China to reach new markets or relocating your operations for strategic reasons, our professional team will help you to go through the bureaucratic process and simplify your day to day operations.

Select the right company

structure for your business .

Joint venture (JV)

Suitable for foreign companies looking to enter China and start operations right away with a local partner.

Can hire local staff directly
Some industries might require a minimum 51% domestic ownership.

Wholly foreign-owned enterprise (WFOE)

Suitable for international businesses that are looking to expand their operations in China through trade, services and manufacturing.

Can be 100% owned by foreign citizen
Can hire local & foreign staff directly
Allowed to import/export

Representative office

Suitable for foreign companies that plan to conduct initial market research and/or work with local customers.

Must use employment agency for local staff
Must have a registered office
Limited to four foreign employees

Features of opening
WFOE in China :

Foreign investors have 100% control over the company (share capital).

Taxes:

Corporate income tax: 25% (lower rates may apply depending on the company)
Value added tax: 3% - 13% of sales revenue (export is not taxed)
Consumer tax: 1% – 45% of the profit from sales (export is not taxed)
Stamp duty: 0.005% – 0.1%

Since the WFOE is not required to be in partnership with a local enterprise, it provides investors with control/independence related to personnel issues and the management of the organization.

WFOE is allowed to carry out direct commercial activities, including trade, service and production, provided that the specified business is within the approved scope of activity.

WFOE can hire both foreigners and local Chinese directly, without any restrictions on the number of foreigners working (in most cities), and apply for work visas for foreign specialists.

All profits earned in China can be transferred to WFOE in the form of dividends directly to the company's investors.

Stages of WFOE opening :

To open a WFOE in China, you must choose an acceptable Chinese company name, collect the necessary documents, obtain a business license, register with tax authorities and various authorities, and open a corporate bank account.

1

Choosing a Chinese company name

In China, there are strict rules for choosing an acceptable company name. Due to differences in culture and language, you should choose your company name carefully to avoid unintended associations.
2

Preparation of documentation for WFOE registration

Along with the registration forms, you will need to provide copies of the passports of all shareholders and investors, a lease agreement, constituent documents, documents of a legal representative in China, which must be notarized and legalized.
3

Applying for the necessary business licenses

To obtain a business license, you must apply to the local offices of the Market Regulation Administration (AMR).
4

Registration for payment of taxes

After obtaining a business license, you need to register for the relevant taxes at the tax bureau.
5
Registration with other authorities
You also need to register with the following authorities:
- Office of Seals
- State Administration for Control of Foreign Currency Exchange
- Social Security Bureau and Housing Bureau for Chinese employees of the company
- Customs authorities for trade business
6

Opening a corporate bank account

Open bank accounts in foreign currency and Chinese yuan.

Not sure which structure is right for you?

Schedule a free call with our specialist and we can advise you on optimal way to start new business

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Ways we can help :

Incorporation & Management

We provide services with a comprehensive and detailed approach combining business knowledge with local regulations, so that you can focus on building operations and sales.

Accounting & Tax

In its work, Shile Consulting focuses on the specifics of accounting and tax accounting in Greater China, Hong Kong, Singapore and other offshore jurisdictions.

Market entry

We are able to provide full support to your company at the initial stage of expansion to Greater China, Hong Kong or Singapore as well as at the post entry stage.

Global HR

Regardless of whether you are starting a business in another country, want to transform the work of your HR department or get support about local legislation.

IT Solutions

Digital assets are a strategic advantage of the company in the competitive struggle, reducing the time spent when making decisions in production and management activities.

Tailored & flexible solutions

We can estimate your company's opportunities, explore your economic status, and provide you with services that are fully flexible and custom-made for your business. Tailored solutions that will meet your specific case and won’t include anything you don’t need.

Full professional support

You are never left behind with support of our team. If you have any question or problem, ask us anytime. Our managers will make sure you are always up to date with the process and get all the answers you need for running your business.

Worry-free service

Operating a company abroad can be not easy and comes with a host of non-productive tasks. Our solutions and professional team support will take care of all worries that you can focus on overall development of business strategy.

Make an enquiry to know more about how Shile Consulting can assist you on Company Incorporation & Management and strengthen your international business.

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