上海专业工作签证咨询公司
立即在线咨询
JS导航效果
|
|
|
WFOE Organization (Part I)
发起人:wangjinmeng  回复数:3  浏览数:9981  最后更新:2023/6/27 15:09:59 by babyanan

发表新帖  帖子排序:
2019/3/26 17:32:41
wangjinmeng





角  色:管理员
发 帖 数:30
注册时间:2019/3/25
WFOE Organization (Part I)
[size=13.6px]The Wholly Foreign Owned Enterprise (WFOE or WOFE) is 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. However, after China's entried into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well. With that, any enterprise in China which is 100% owned by a foreign company or companies can be called as WFOE.


[size=13.6px]WFOE has great potential in China as companies seek new markets, executives say that by 2014 China will be the world’s top investment destination.

[size=13.6px]The registered capital of a Wholly Foreign Owned Enterprise (WFOE) should be subscribed and contributed solely by foreign investor(s). A WFOE does not include branches established in China by foreign enterprises and other foreign economic organizations. The Chinese Laws on WFOE do not have a clear definition of the term of "branches". The term of "branches" should include both the branch companies engaged in operational activities and representative offices, which are generally not engaged in direct business activities. Therefore, branches and representative offices set up by foreign enterprises are not WFOE.

1. Different Types of WFOE[size=13.6px]Following are different types of WFOE. Commonly,

[size=13.6px]
  • 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)





2. Advantages of WFOE[size=13.6px]The advantages of incorporation a WFOE, compared with other types of enterprises, include, but not limited to:

[size=13.6px]
  • 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.





3. Articles of Association[size=13.6px]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

4. Business Scope[size=13.6px]According to WFOE regulations, "Foreign investors are permitted to setting up a 100% foreign owned enterprise in industries that are conducive to the development of China’s economic benefits, and not prohibited or restricted by China government." The Catalogue of Guidance to Foreign Investment"categorises fields of potential investment as "prohibited," "restricted" and "encouraged". It is advisable to fully comprehend the interpretation of these categories. In China, Business scope of a business is a "one sentence description" covering all of the present and future activities of the WFOE; it is essential this encompasses every envisaged scope of future activity. The WFOE can only conduct business within its approved business scope, which ultimately appears on the business licence.One of the most important issues in WFOE application is business scope. Any amendments to the business scope require further application and approval. Business scope of a company in China is not as broad and general as in other countries. Generally business scope includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting, manufacturing, etc. After China's entry into WTO, more and more business is open to WFOE especially in Trading, Wholesale and Retail business, check the Catalogue of Guidance to Foreign Investment which was Amended in 2007.


For more information, please feel free to contact us.

info@31012333.com

www.31012333.com

2022/9/27 12:38:13
nihaosb





角  色:普通会员
发 帖 数:474
注册时间:2020/11/22
2023/1/3 9:50:42
patebeng





角  色:普通会员
发 帖 数:39
注册时间:2020/6/16
元旦出游热度城市TOP10出炉 上海螺杆泵24

骑手用甄嬛体对话阳性顾客上海离心泵18

准新娘高烧在诊所连打3针后去世上海化工泵21

卖菜农户夜晚在隧道内过夜 上海磁力泵49

抗原试剂遭甩卖 单价不到2元 离心泵54

男子为节省抗原将试纸剪成两半离心泵

老板回应宠物医院给人拍片查白肺 磁力泵

春运后有新一轮疫情螺杆泵

男孩阳性5天没发烧突然抽搐不停螺杆泵

怪兽充电一年亏4亿磁力泵

美国动物园将归还大熊猫丫丫和乐乐化工泵



水泵

他们为何至今未感染全焊接球阀

群体免疫无法防感染焊接球阀

阿根廷冠军游行结束球阀

多位医学大家逝世直埋全焊接球阀

2023/6/27 15:10:00
babyanan





角  色:普通会员
发 帖 数:24
注册时间:2023/4/7
"青年之文明,奋斗之文明,也与境遇奋斗,与时代奋斗,与经验奋斗。故青年者,人生之玉,人生之春,人生之华也。,福彩3D没有退路就是最好的退路!

人因为梦想而伟大,早日达到自己的目标。 体彩排列3,性格决定命运,选择大于努力。

相信自己,相信伙伴。把握先机,容易成功。 快乐8,选择放在努力前面。性格决定命运,选择大于努力。,查看开奖结果"



上海外事商务咨询BBS|上海外国人签证咨询BBS|外国人工作许可证咨询|外国人来华工作许可通知咨询|外国人工作居留许可咨询