CONTRACT US

Beijing Tannet Investment Consulting Limited

Tel:86-10-58694559

QQ : 2355725148 or 2355725145

Address: Rm1902, Bldg 17, Jianwai SOHO West, No. 39 Dongsanhuan Rd M, Chaoyang Dist., Beijing

Beijing WFOE Company Set upPage index:Home > Beijing WFOE Company Set up > Details page

The Advantages of Setting up a WFOE in China

Update Date:2021-3-26 11:37:20 Source:BeiJing Tannet Views:64

Accompanied with Chinas deepening reform and opening-up across the board, a wholly Foreign-owned Enterprise (WFOE), a business entity formed in China entirely controlled by foreign investors, has become the preferred entry mode to access the Chinese market. The differences in the business structure among the WFOE, Representative Office, JV, or the Branch are as follows:


Business Structure


Nature of Business


Business Operation


Employment


Other Requirements


WFOE


Distinct legal entity


Can trade within China


Can hire local staff directly


None


RO


Extension of foreign entity


Cannot Trade at all


Must use employment agency and limited to four foreign employees


Must have a registered office


JV


Distinct legal entity


Can trade within China


Can hire local staff directly


Minimum 100,000 capital


Branch


Extension of foreign entity


Can trade within China


Can hire local staff directly but limited to three local employees


Not allowed to import/export



Compared with other business entry modes, the WFOE allows foreign investors to have 100% control over its business equity. On top of that, foreign investors enjoy independence regarding HR, operational management, and strategic planning. WFOEs are also allowed to conduct a broad range of business activities within the specific business scope in China. Moreover, a WFOE is allowed to issue fapiao’ official invoices to increase your credibility in transactions and increase the rate of foreign staff work permit applications in the future. Last but not least, a WFOE can hire both foreigners and local Chinese directly without the limitation on the number of foreign employees.


Contact Us:

Instant Messaging App

        Wechat                 WhatsApp

 


TEL: 86-13717945838(Serene)

Email: beijing.tannet@qq.com

Website: www.beijing-company.net

Address: Rm 1902, Bldg 17, Jianwai SOHO West, No. 39 Dongsanhuan Rd, Chaoyang Dist, Beijing, China



Previous:Beijing Company Formation

Next:How to set up a company in China