Policy of Registering a Shanghai WFOE Service
Shanghai hotline: 021- 68877368
Policy of Registering a Shanghai WFOE, means the regulations for Shanghai WFOE Registration.
Different Types of WFOE
Following are different types of WFOE. Commonly.
If the WFOE only be allowed to manufacture here. We can say it's manufacturing WFOE.
If the WFOE is allowed to do Consulting & Service, we call them Consulting WFOE.
If the WFOE is allowed to do Trading, Wholesale, Retail or Franchise in China, we call them Trading WFOE or FICE (Foreign-Invested Commercial Enterprise)
Advantages of WFOE
The advantages of incorporation a WFOE, compared with other types of enterprises, include, but not limited to:
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 their 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;
For Manufacturing WFOE, no special requirements for Import / Export license for its own products;
Full control of human resources
Greater efficiency in operations, management and future development.
.jpg)
Articles of Association
Articles of Association is Company Rules in China and it will mention exactly how the WFOE can operate, the official version of Articles of Association must be in Chinese. Check the full English version that WFOE.Org prepared for your reference ENGLISH version of AOA (PDF, 305 KB)
Shanghai WFOE Registration Preferential Policy
Subscribed capital system has been applied in most business of WOFE, which relaxs controlling over market entry.
For production enterprises, operating period is more than 10 years, the enterprise income tax rate is 24%, from the year begin to make profit, exempt corporate income tax for 2 years.
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