Since the late 1970s China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. In 2010 China became the world’s largest exporter. With a GDP of $8,400 (2011 estimate) and low costs, China is an ideal place to set up a business. In 2010 China stood as the second-largest economy in the world after the US, providing an excellent opportunity for foreign investment. CompanyRegistrationsWorldwide.com can assist you in the process of registering a company in China, to access this exciting market. Company Registration China is the brightest opportunity to people to open their own company in China.
There are two structures that can be set up by a foreigner in China:
- Wholly-owned Foreign Enterprise (WOFE)
- Representative Office
Setting up a WOFE – what are the main features?
- A common investment vehicle for mainland China-based business
- Involvement of a mainland Chinese investor is not required
- WFOE are limited-liability corporations organized by foreign nationals and capitalized with foreign funds
- An advantage is the ability to uphold a company’s global strategy free from interference by Chinese partners
- Increased protection of trademarks and intellectual property, in accordance with international law
- Shareholder Liability limited to original investment
Setting up a representative office – what are the main features?
- A Representative Office (RO) means a branch office of a foreign company set up in China
- It carries out market contacts and research for its headquarters, and assists in developing its business in other countries
- Representative offices can not issue any invoices, and thus gain any income by itself. All expenses of a representative office have to be fully funded by the company headquarters
- The purpose of a representative office to liaise with businesses and customers from China / Asia on behalf of its parent company. It is restricted to conduct only indirect operational activities, for example:
- Business liaison
- Introduction of products for sales purposes
- Market Research
- There are no capital contribution requirements for a RO
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The process of company registration china requires high proficiency in order to get a place in the market of this country. The reason behind such typicality is that, if the business application is approved then the probability of earning profit increases because of the perfect work culture in every city of this country.
Company Registration China can be quite challenging compared to most Western Countries, with a large amount of complicated paperwork to be filed. CompanyRegistrationsWorldwide.com can ease this process by providing professional, experienced assistance when registering your company in China.