Kaizen - Specific industry information, Foreign Invested Commercial 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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CHINA BUSINESS
FOREIGN INVESTED ENTERPRISES

INDUSTRIES INFORMATION

Foreign Invested Commercial Enterprises

	China Opens Distribution Sector to Foreign Investment

	Procedures and Time Limits for Review and Approval of an application for registration of FICE
	Where a proposed FICE is engage in the business of General Commodity Distribution
	Where a proposed FICE is engage in the business of Special Commodity Distribution

	Documents and Materials required for Application for Registration of a FICE
	Materials to be submitted for a General Commodity Distribution Application
	Materials to be submitted for a Special Commodity Distribution Application
	Taxation, Bonded Area and Franchise

	Policies and Regulations on Foreign Investment in Commercial Fields (Distribution)
	Administrative Measures Governing Foreign Investment in Commercial Sectors




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