TITAN offers International startups/SME’s a great opportunity for a soft landing in China Market and to expand quickly to all of Asia. We can ensure a soft-landing by assisting in a fast and easy company registration. Review the information below and contact us now to get started.
1. WFOE, Wholly Foreign Owned Enterprise
2. PE, Partnership Enterprise
3. RO, Representative Office
4. JV, Joint Venture
WHOLLY FOREIGN OWNED ENTERPRISE (WFOE) is a limited liability company wholly owned by the foreign investor. A WFOE requires registered capital and its liability is limited to its equity , it can generate income, pays tax in China and its profit can be repatriate back to the investor’s home country. Any limited liability enterprise in China which is 100% owned by a foreign company, individual(s) or companies can be called as WFOE.
REPRESENTATIVE OFFICE (RO) is a liaison office of its parent company. It requires no registered capital. Its activities are limited to: product or service promotion, market research of parent company’s business, quality control or contact liaison in China. A RO is generally prohibited from generating any revenue nor entering into contracts with local businesses in China.
FOREIGN INVESTED PARTNERSHIP ENTERPRISE (FIPE) for foreign investor is a new type of business presence in China (since March 1, 2010). It refers to: a) 2 or more Foreign enterprises or individuals establish a Partnership Enterprise (PE) in China; and b) Foreign enterprise(s) or individual(s) with Chinese individual or company establish a Partnership Enterprise (PE) in China. It’s a new type of business entity in China, and with very little capital, partners could start a business in China easily, there’s no minimum registered capital required for FIPE. Same as WFOE, FIPE could generating revenue, hire local and foreign staffs and entering into contracts with local and overseas businesses in China
JOINT VENTURE (JV) is a limited liability company formed between a Chinese company investor and a Foreign investor. The parties agree to create an entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. A JV has usually been used by foreign investors to enter the restricted in industries such as: Education, Entertainment, Mining, Hospital etc.
|All-inclusive Package deal for first Year* (Includes all government fee and service fee): First Year All-Inclusive Package Details|
|Company formation (service fee, government fee all included)|
|1 Year work & residence permit for legal representative*|
|12 months accounting service (bookkeeping, accounting report & tax declaration)|
|First capital verification report fee|
|Bank account opening|
|First year’s company license renewals (8 licenses)|
|First year’s annual audit report|
|First year tax return|
* Even where all work permit and residence permit requirements are met, clients should not assume that they can gain it automatic. The Chinese immigration authorities, local Labor Bureau have the right to refuse to issue work and residence permit.
(Company registration takes 1 to 3 days from the time all documents are collected for submittal, depending on the type of business registration can take up to 7 days.)