The staff with China Law Service
(Wuhan) Limited have extensive experience with the entire spectrum of
business entities in China, from simple Representative Offices to more complex
Foreign Invested Enterprises such as Wholly Owned Foreign Enterprises (WOFEs)
and Joint Ventures (JVs). We have served hundreds of clients from more than 30
countries in virtually every industry sector. Our consultants have developed an
extensive network of local connections to expedite business registration
projects and to negotiate for favorable incentives for large Foreign Direct
Investment (FDI) projects.
China Law Service (Wuhan) Limited also provides a wide range of business support services tailored to the needs of Representative Offices and newly established foreign invested companies in China, including accounting services and regulatory compliance assistance.
Registering a foreign company in China is much easier than before as it doesn’t involve approval from multiple local authorities and bureaus if the perspective enterprise isn’t subject to the special administrative measures for permits stipulated by the government. However, the establishment of a foreign company is still a complicated process. Our extensive network of local government bureaus contacts, knowledge of local regulations and experience with hundreds of projects already executed can help you accelerate your entry and growth in China.
Foreign investment companies that engage in business operations in China are required to pay taxes according to China tax laws. The most commonly used forms of business for foreign investment companies are the Representative Office (Rep. Office) and the Limited Liability Company (LLC). The most important tax categories for these forms of businesses are corporate income tax and business tax, which is being transitioned to a new value-added tax (VAT) system, as well as the value-added tax (VAT) for manufacturing, wholesale, retail, and trade.
We assist our clients with their China projects regardless of which stage of development they are in, like researching the business environment, entering the market or already growing their business within China. We are committed to guiding our clients through the challenges of achieving their goals by not only keeping them abreast of current trends but also anticipating how those trends may impact the market they are in. We customize our approach according to our clients’ specific needs.
Our main priority is to provide high-quality services to maximize our clients’ potential for long-term success within China. Our mission is to provide the best solutions for our clients’ China market entry & growth needs and to become the partner of choice for companies and organizations doing business in China.
China Law Service (Wuhan) Limited also provides a wide range of business support services tailored to the needs of Representative Offices and newly established foreign invested companies in China, including accounting services and regulatory compliance assistance.
Registering a foreign company in China is much easier than before as it doesn’t involve approval from multiple local authorities and bureaus if the perspective enterprise isn’t subject to the special administrative measures for permits stipulated by the government. However, the establishment of a foreign company is still a complicated process. Our extensive network of local government bureaus contacts, knowledge of local regulations and experience with hundreds of projects already executed can help you accelerate your entry and growth in China.
Foreign investment companies that engage in business operations in China are required to pay taxes according to China tax laws. The most commonly used forms of business for foreign investment companies are the Representative Office (Rep. Office) and the Limited Liability Company (LLC). The most important tax categories for these forms of businesses are corporate income tax and business tax, which is being transitioned to a new value-added tax (VAT) system, as well as the value-added tax (VAT) for manufacturing, wholesale, retail, and trade.
We assist our clients with their China projects regardless of which stage of development they are in, like researching the business environment, entering the market or already growing their business within China. We are committed to guiding our clients through the challenges of achieving their goals by not only keeping them abreast of current trends but also anticipating how those trends may impact the market they are in. We customize our approach according to our clients’ specific needs.
Our main priority is to provide high-quality services to maximize our clients’ potential for long-term success within China. Our mission is to provide the best solutions for our clients’ China market entry & growth needs and to become the partner of choice for companies and organizations doing business in China.
Hube is a province of the People's
Republic of China, located in the Central
China region. The
name of the province means "north of the lake", referring to its
position north of Dongting Lake.[6]The provincial capital is Wuhan,
Hubei is the choice of the
world. Around 100 Fortune 500 companies have invested in Hubei such as
Peugeot-Citroen, Budweiser, Wal-mart, Siemens and Honda, to join hands for the
development and prosperity of this central province of central China.
Hubei Province has within its
territory15 large and medium scale cities, including Wuhan, Huangshi, Ezhou,
Xianning,Yichang and Xiangfan, Shiyan,Jingmen, Xiaogan, Jingzhou, Huanggang, Suizhou, Enshi
Prefecture, etc, 1 autonomous prefecture,1 forest zone under
the province. The capital is Wuhan.
To facilitate people who want to invest and set up company in Hubei, here is an introduction of Types
of business presence in China:
Before starting
up a business in China, you have to know what are the options. Foreign
Investors generally establish a business presence in China in one of five
modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested
Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.
Wholly Foreign Owned Enterprise (WFOE) is a Limited
liability company wholly owned by the foreign investor. WFOE
requires registered capital and it's liability of equity , can generate income,
pay tax in China and it's profit could be repatriate back to investor's home
country. Any enterprise in China which is 100 percent owned by a foreign
company or companies can be called as WFOE. No. minimum registered capital is
required for WFOEs with scope of business of consulting, Trading, retailing,
information technology etc. in China. There are minimum registered capital
still required for some industries for instance: Banking, Forwarding etc Since
China still maintains foreign currency control policy, it's still advisable to
choose registered capital within RMB 100,000 ~ RMB 500,000 as the minimum
registered capital. Companies can now determine how much capital will be
required to maintain their operations and must simply ensure that they meet
those targets within a period of 10 years.
Representative Office (RO) is a Liaison Office of it's
parent company. It requires no registered capital. It's
activities would be: product or service promotion, market research of it's
parent company's business, Quality Control liaison office etc in China. RO
generally is prohibited to generate any revenue nor generating contracts with
local businesses in China.
Joint Venture (JV) is a Limited liability company formed
between Chinese investor and Foreign investor. The parties
agree to create a entity by both contributing equity, and they then share in
the revenues, expenses, and control of the enterprise. JV usually been used by
foreign investor to engage the so called restricted in areas such like:
Education, Mining, Hospital etc.
Since March 1, 2010, Measures of Establishment of Foreign
Invested Partnership Enterprises (FIPE) in China is taking effect. The
regulation, which take effect since March 1, 2010, are known as the
Administrative Measures for the Establishment of Partnership Enterprise in
China by Foreign Enterprises or Individuals. There's no required minimum
registered capital for a Foreign Invested Partnership Enterprise (FIPE) in
Shanghai, Beijing, Wuhan, Hangzhou and rest cities of China
Hong Kong Company usually been used as a Special Purpose
vehicle (SPV) to invest Mainland China. Hong Kong is one of the
quickest locations to Incorporate a business. Although a HK company is not a
legal entity in Mainland China (MainlandChina and Hong Kong, See Wiki 1
country, 2 systems), lots foreign investors, especially investors from Europe
and North America still chose to setting up a Hong Kong company as SPV to
invest China.
After China's
entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of
foreign investment's entity structures instead of Rep. Office
setting up in China At the mean time, for tax purpose, effective licensing
system etc more and more investors use Hong Kong as the holding company to
invest China mainland, using this offshore company to hold their operations in
China.
Since
2006, Tommy China Business Consulting partner
with English Speaking Chinese Lawyer From Wuhan Law Firms to offer consulting
services for our clients to invest in Hubei China. We are specialized in
establishment of wholly foreign owned enterprises (WFOEs), setting up of
offshore companies, trading services, tax minimization, Assist in obtaining
government approvals and certificates for running business, negotiate and draft
various legal documents provide legal advice, negotiate government
officer for Land acquisition. Advising on formation of WOFE and business
structures, managing and controlling WOFE in Hubei China, drafting privacy
policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business
license in Hubei China. We offer a range of company formation services
including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE )
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)
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