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
-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 problem.call Eric： Protected content Email: Protected content