Kaizen - China Company registration, Sino-foreign Equity Join Ventures, Co-operative Joint Ventures, Wholly Foreign Owned Enterprises

A Wholly Foreign Owned Enterprise (WFOE) is a Limited Liability Company established in China by foreign investor(s). A WFOE is very much like a LLC in the USA that it requires one member only.
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The registration procedures of a Wholly Foreign Owned Enterprise (WFOE) could be divided into 3 phases: aproval phase, registration phase and post-establishment phase.
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A Wholly Foreign Owned Enterprise (WFOE) could be terminated by way of liquidation or deregistration by its investor(s) or when the conditions of termination in its Articles of Association occurs.
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China Taxation

Under the current tax system in China, there are 25 types of taxes which could be divided into 8 categories. The major ones are Business Tax, Value Added Tax and Enterprise Income Tax. More

Representative Offices are also liable for Business Tax and Enterprise Income Tax. However, a RO could be exempted if its parent company is in the manufacturing business.
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Any individual who has domicile in China or who has no domicile in China but has resided in China for one year or more shall pay Individual Income Tax on his world-wide income.
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DOING BUSINESS IN CHINA...

Sino-foreign Equity Join Ventures (EJVs)
	An Sino-foreign Equity Joint Venture is formed jointly by at least one Chinese investor (corporation) and at least one foreign investor (individual or corporation) in accordance with the Sino-foreign Equity Join Venture law and other relevant laws and regulations. .... More

Sino-foreign Co-operative Joint Ventures (CJVs)
	A Sino-foreign Co-operative Joint Venture (Sino-foreign Contractual Joint Venture) is formed jointly by at least one Chinese investor and at one foreign investor in accordance with Chinese laws and regulations..... More

Wholly Foreign Owned Enterprise (WFOE)
	The Wholly Foreign Owned Enterprise (WFOE), also known as Wholly Owned Foreign Enterprise (WOFE), is a Limited Liability Company established in China and wholly owned by the foreign investor(s). .... More

Foreign Investment Companies Limited by Shares (FICLBS)
	A FICLBS refers to an enterprise legal person established pursuant to the Tentative Provisions of MOFTEC on Several Issues Regarding the Establishment of Foreign Investment Companies Limited by Shares..... More

China Resident Representative Offices
	A China Resident Representative Office (RO) also known as Permanent Representative Office, is an office of a foreign enterprise set up in China for liaison with Chinese businesses and customers on behalf of its parent company. .... More

Registration of Wholly Owned Foreign Enterprise in Shanghai
	The registration of a Wholly Owned Foreign Enterprise (WOFE) is a two-step procedure Step one: applicant should obtain approval from respective authorities. Step two: registration made with the Administration for Industry and Commerce .... More

Registration of Resident Representative Offices in Shanghai
	The registration of a Representative Office normally takes 4 to 6 weeks. Firstly, application for Business Registration Licence should be made to the Shanghai Administration for industry and Commerce.... More

Taxation of Enterprises Doing Business in Shanghai
	Foreign enterprises engaged in manufacturing in Shanghai pay income tax at a reduced rate of 24%. Those established in the economic and technological development zones of Shanghai and Pudong New Area pay income tax at a reduced rate of 15% .... More

Taxation of Resident Representative Offices in China
	There are three methods to determine the taxable income of a Resident Representative Office (RO): the actual income method, the deemed income method, and the cost-plus method.... More




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