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Open WFOE in Guangzhou

Wholly Foreign Owned Enterprises are used in manufacturing, trading, wholesale, foods & beverages, retail, IT and consulting (B2B).
Choosing a WFOE as instrument of investment in China has the following advantages:
-Legal person status
-Complete independence in terms of corporate strategy due since no Chinese partner is involved
-Ability to conduct business, issue invoices and generate revenues
-Facilities for converting RMB profits into USD or other foreign currencies to transfer back to parent company or foreign bank account (for individual investors)
-Full control on human resources and the hiring process
-Legal protection of company's assets, technology etc.
-Business License is usually valid for 15~30 years, or more
Disadvantages include:
-Long and costly registration process
-Registered capital, that can be high, needs to be paid up in full
-Application and approval is required in case of business scope modification or expansion.
For the detail info please contact Timley Ltd. Let us deal with your Eric: Protected content Email: Protected content

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