Shanghai WFOE Setup Service
Shanghai Hotline: 021-68877368
There are countless service companies, but not every agency is very formal. Tannet is a professional enterprise agent company. If foreigners invest in Shanghai you should set up a WFOE(Wholly Foreign Owned Enterprise).
Following is the Different Types of WFOE.
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)
There are many advantages to setting up a wholly foreign-owned company in Shanghai.
Merits of Shanghai 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;
Full control of human resources
Greater efficiency in operations, management and future development.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling
Shanghai Hotline: 021-68877368, 18101640557 Wechat: 18101640557
Fax：021-58402186
Skype:+86 181 0164 9652
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai