Register Shanghai WFOE Advantages Service
Shanghai hotline: 021- 68877368
Register Shanghai WFOE Advantages, means the advantages of Shanghai WFOE Registration.
Shanghai WFOE Registration, that is the Wholly Foreign Owned Enterprise (WFOE or WOFE), a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology.
Shanghai is China's largest economic center and trade port, the largest comprehensive industrial city, the country's major science and technology center, trade center, financial and information center, which attracts nomourous investors’ attention.
Characteristics of a WFOE
Wholly Foreign Owned Enterprise (WFOE), also known as Wholly Owned Foreign Enterprise (WOFE), is a limited liability company, the establishment of which is governed both by the Company Law of PRC and Law of the PRC on Enterprises Operating Exclusively with Foreign Capital.
A WFOE can engage itself in approved business activities and issue tax invoices on its own. It is a corporation and a tax resident. All shareholders of WFOE should not be Chinese nationals.
Advantages of WFOE
Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to customers in RMB and receive revenues in RMB;
Capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
Protection of intellectual know-how and technology;
Full control of human resources
Greater efficiency in operations, management and future development.
newInvestor's parent company does not have to be established for more than 2 years while for Representative Office, it's parent company is required to have been established for more than 2 years.
Shanghai WFOE Registration-Taxation of WFOE in Shanghai
Tax rates can vary somewhat depending on the location of the WFOE, but generally, WFOEs selling into Shanghai will be subject to business tax of about 5% on all revenues in Shanghai; profits tax of 15-33% depending on location and in come instances withholding tax and VAT may be applicable.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling
Shanghai Hotline: 021-68877368, 18101640557
Fax：58402186
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai