We can arrange for investor(s) to establish a Chinese office, or invest in China, if you require a permanent on-the-ground presence there. Before anything, investor(s) should always carry out decent research of the market. If, having decided, you do need to have a permanent presence, Caymeo can provide company formation services in the following ways:
(a) to prepare all the registration documents,
(b) to provide assistance to help you locate a proper office,,
(c) to assist you to open bank accounts,
(d) to recruit employees that meet your requirements,
(e) to provide legal support for joint venture negotiation and company formation.
call us at: +86 21 63610090,
A Wholly Foreign Owned Enterprise (WFOE) is an enterprise which is 100 per cent owned by a foreign company or companies.
Advantages of WFOE
Disadvantages of setting up a WFOE
A disadvantage for an inexperienced investor setting up a WFOE in China is that much of the knowledge, administrative processes and contacts a partner would bring has to be gained the hard way. Strong relationships are a key factor for successful business in China, whether with the local authorities where the enterprise is located or along the supply chain.
Note: the documents listed above are only acceptable in Chinese. Caymeo is able to provide translation service upon client's request.
Step 1: Name Check and Registration
Step 2: Apply for Approval Certificate
Step 3: Apply for Business License
Step 4: Apply for Organization Code License
Step 5: Tax Registration with local Tax Bureau
Step 6: Open of a RMB bank account
Step 7: Apply for Foreign Currency Registration Certificate
Step 8: Capital Verification Report (upon client's request)
The registration duration is two months for a WFOE manufacturing and consulting company formation and two and a half months for a WFOE trading company formation provided all the documents required are ready.
oreign companies are permitted to open Representative Offices (RO) in China. The permissible activities of representative offices include the following:
Similar to WFOE registration
Step 1: Online registration with Administration of Industry and Commerce
Step 2: Apply for Business Certificate
Step 3: Apply for Organization Code License
Step 4: Register with Statistics Bureau
Step 5: Tax Registration with Tax Bureau
Step 6: Apply for Foreign Currency Registration Certificate
Step 7: Open a foreign currency bank account
A Joint Venture (JV) is cooperation between a foreign investor and a Chinese company. There are several forms of joint ventures and these can reflect in a number of ways the contribution of joint venture partners: ownership, financial contributions, management, the level of participation, the contribution of technology and know-how and so on. There is no minimum foreign contribution required to set up a joint venture. Caymeo can help you locate a proper local partner and assist you in joint venture formation negotiation.