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drclintcornellpac
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Joined: 2015-01-29


Last time we told you about Shanghai FTZ company Registration. now we are going to tell you about WFOE setup in china. it means (Wholly Foreign Owned Enterprise) and it is by far the most favorite entity for the foreign people who are looking to invest and want to set a company in china. Representative offices may offer you cheap and easy way to enter your business entity in China and joint ventures may give you a privileged to access to the Chinese Market. A WFOE is the only way for a foreign investor to have the full control on all its operations in china. How do I set up a WFOE in China you may be asking yourself. It is more a question of where in Shanghai would you setup a WFOE?


Within the Free Trade Zone or outside. Since the launch of the shanghai free trade zone the new opportunities for the foreign investors were rising in the city. The zone will see the liberalization of its economy through successive reforms. No wonder so many foreign entrepreneurs are rushing to China. However, shanghai is still in the forefront of china doing business and it is not quite so easy in other cities like Hong-Kong or Singapore. You can got to any country for business the paperwork still remains a heavy burden to do, and the legislation’s can prove obscure, gathering information is also difficult as it is predominantly in Chinese. After many years of reforms in china though the administrative and legal system being greatly improved came the time of the WFOE Setup in the shanghai free trade zone. WFOE registration is often thought to be a long term process and a difficult process for foreigners to set up however with the right agent this is not the case at all.

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