Set-up WFOE/Joint Venture Company in China

The Advantage of Owning a WFOE

  The Representative Office (RO) has become more or less redundant structure due to its inherent weakness.

Joint Venture Company

 
A joint venture (abbreviated JV) is an entity formed between two or more parties to undertake economic activity together.
Disadvantage Include
  Registered capital, that can be high, but can be paid in separate period ( first payment should more than 20% of full
Competitive Goals
  Influencing structural evolution of the industry
Pre-empting competition
Defensive response to blurring industry boundaries
Set-up REP Office in China
Representative Office
  Foreign companies keen on exploring the viability of doing business in China , or interested in using ......
(A-P)Accounting
  The set-up of the representative office on behalf of a Certified Public Accountant (CPA) office should be approved by the Ministry of Finance Peoples Republic of China.
(A-P)Banking
  The set-up of an overseas bank branch should be approved by the People's Bank of China
(A-P)Cargo Agency
  Cargo agencies from overseas or local regions do not have to be approved when setting up a permanent representative office.
Taxation Strategy
Tax on Income
  Enterprise income tax ("EIT") - standard tax rate is 33%, but the tax rate could be reduced to 24%forenterprises......
Tax on Transactions (Turnover Tax)
  Value-added tax - general tax rate is 17%, certain necessities are taxed at 13%
Tax on Specific Objective
  Land appreciation tax - enterprises or individuals who generate gains realized from transfer of the real ......
Tax on Resource
  Resources tax - a tax levied on the natural resources
Offshore Company
Hong Kong
  The territory of Hong Kong Special Administrative Region lies on the eastern side of the Pearl River Delta......
USA
  The United States of America, usually referred to as the United Sates......
BVI
  Located in the Caribbean to the east of Puerto Rico, the British Virgin Island (BVI) is a British overseas territory......
Cayman
  Located in the Western Caribbean Sea, the Cayman Islands, not far from Cuba and Florida.......
Commercial Site
Coming Soon......
  Coming Soon......
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