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CHINA

Offshores in China – registration and processing of an enterprise

Registering of an offshore in China on a turnkey basis. How to register an offshore on the territory of China in a short period of time and what scheme is the best to use?
Offshores in China: forms of ownership and registration peculiarities
Economic areas that allow foreign entrepreneurs to run their businesses on beneficial terms are commonly believed to be Chinese offshores. There are 4 forms of ownership in this country. Our clients tend to choose WFOE and RO among the others. This is what distinguishes them.
Aspects of WFOE
Limited liability companies with foreign capital belong to this category. Such kind of companies usually produce technologies, deliver goods and services. They:

  • Do not depend on foreign partners;
  • Are able to transfer their capital abroad;
  • Can run a business in China;
  • Are protected by the government if they make profit from intellectual property.

However, registration of such-like offshore companies is rather complicated. It is carried out in 4 stages including:

  1. Processing of a business plan to hand over to Chinese government agencies. A poorly-detailed plan might result in refusal.
  2. Collecting a set of documents for the Trading Ministry. To register an offshore in China one has to make up a declaration, get the governmental approval, the name endorsement document (it is given by the Chamber of Industry and Commerce), a registration form for the contact name, the articles of organization, the documents of all the investors and the warranty. Getting to the next stage is only possible after receiving The Trading Ministry approval.
  3. Receiving the permit for business activities in the Chamber of Commerce and Industry.
  4. Carrying out necessary post-approval procedures.

To simplify the process it is better to buy the registration facility from our company. It will allow to avoid possible problems. The main thing here is to have at least one shareholder and a director as well as minimum registered capital (its amount depends on the business scale).
Aspects of RO
As opposed to WFOE, RO is a representative company on Chinese market area. It is able to conduct promotions, conclude agreements for and on behalf of the head office, connect with local businessmen, search for goods and their manufacturers. Earn an income.
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