China Expat




Setting Up WFOEs

China Briefings new "Guide To Setting Up Wholly Foreign Owned Enterprises" is now available, priced USD20, from the bookstore at www.china-briefing.com, (with full content details) and online ordering, or via sales@china-briefing.com


Comments

Set up a office in china

I´m interesed to know everyting about to set up a office in china, but I really do not know what is better if to set up a WFOE or a Representative office.
I´m on electronic business, and what my company wants to do is purchasing electronic components, export some of them to others countries, and also contract others companies in China for manufacture assembly.
We want to export some of those finished products, and sell some of them inside China too.
For before, could you please to advise me? also if is posible for you to give me a lawyer contact to contract him for set up the office?

Thanks in advance
regards

Mauricio



I'm not a lawyer, but I play one on TV

Hi Mauricio,

You have a lot of options, but only one best option - go to dezshira.com and get in touch with the friendly, helpful, and above all, expert staff at Dezan Shira and Associates.

P.S.- You're going to manufacture electronics then sell them in China? There's gotta be an easier way to make a lira. Best of luck.



Hi Mauricio, One of the

Hi Mauricio,
One of the differences is the time,setting up a WFOE takes four months,but setting up a Representative office only takes ten days.i think i can help you, you can mail me: niyunyun1@tom.com
or msn: niyunyun1@tom.com



Difference Between RO and WFOE

RO's are the fastest and easiest method for a foreign company to establish a presence or ‘footprint’ in China (setup time in some cases less than a month). RO's are however not permitted to conduct direct profit-making activities (cannot earn income), and really is meant for marketing of the parent company.

For WFOE’s, the investors are purely foreign are quickly becoming the most popular method of foreign investment in China. While foreign companies once thought that a local partner was required by law to operate business in China, this is not increasing not the case in a wide range of industries, with its many advantages, including: a) Management control; b) Simpler establishment procedures; c) Easier to terminate; d) Easier to increase investment; e) Protection of intellectual property.

So depending on the scope of work, (i.e. profit making, marketing?) the China office wishes to do, it contribute in the determination of which vehicle you wish to you us.

You may email me with any other questions of setting up.

mail@chinawfoe.com
www.chinawfoe.com

Stephen



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