Business setup in China is a very popular these days with the growing economy in this country. Shanghai WFOE setup is something that hundreds of people are considering. If you are not sure how to do things like this it can be quite frustrating. Let’s talk a little bit about why some people may choose Shanghai WFOE setup when they are interested in business setup in China.
The population in Shanghai is 19,213,200 and is the most populous city in China. This city has experienced fast growth and this is attract for business owners. If you are thinking about business setup in China then Shanghai WFOE setup could be something that you want to consider.
What does WFOE stand for? WFOE stands for Wholly Owned Foreign Enterprise. This is a common investment vehicle for main-land China businesses. These originally came about because China wanted to encourage manufacturing activities. The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles.
If you are not sure what you are going to do or which business model fits you then you may need some professional advice before you may any other decisions. Capital Tax & Accounting Services, Ltd. can help you with any of the issues and questions that you have. Below are some things that Capital Tax can help you with when it comes to business setup in China.
They will be able to help you figure out which form of business is going to be the most suitable for your company. Even if you are interested in Shanghai WFOE setup you may not know about other options that could be better for your business model or maybe you will find out that the WFOE is the best option for you.
Capital Tax & Accounting Services, Ltd.
711-402 West Pender St.