Food and beverage company is basically a F & B WFOE that has a Food and Beverage License.
Most successful multinational F&B chains, whether SMEs or billion-dollar corporations, succeed in China because they customize their products to suit local tastes and trends. While most foreign food and beverage manufacturers aren't really familiar with the Chinese social networking scene.
Nevertheless, the prospect of getting a share of the most populous market in the world outweighs the associated risks for many foreign F&B chains.
To help foreign investors to bring prepackaged food, import wine and beverage to China. Business China provides an all-round F & B WFOE Services:
Most successful multinational F&B chains, whether SMEs or billion-dollar corporations, succeed in China because they customize their products to suit local tastes and trends. While most foreign food and beverage manufacturers aren't really familiar with the Chinese social networking scene.
Nevertheless, the prospect of getting a share of the most populous market in the world outweighs the associated risks for many foreign F&B chains.
To help foreign investors to bring prepackaged food, import wine and beverage to China. Business China provides an all-round F & B WFOE Services:
- F & B WFOE Registration
- Food License & Alcohol & Beverage License
- Address For Food & Beverage and Alcohol License
Overview of China Food & Beverage Industry
As the most populous country in the world, China’s economy has boomed since the reform and opening up, especially the food and beverage industry showing a bright prospect. In recent years, Chinese consumer market in food and beverage products continues to be the highest in the world, far beyond that of the United States. In 2014, the top five EU countries exporting China (pre-packaged food, beverages, spirits, vinegar and tobacco) were France, the Netherlands, Germany, Ireland and Italy, totaling € 1.27 billion, 756 million euros, 441 million euros, 316 million euros and 298 million euros respectively.
In addition to the increase in disposable income of Chinese households, domestic food safety concerns are another key driver of the food industry's boom. Food and Beverage (F&B) companies are calling on emerging countries with more and more snack demand. With the continuous development and change of economy, China has created great opportunities for these catering enterprises. With the rapid development of China's economy, catering industry occupies an important proportion in China's national economy. The rapid development of catering industry is an important manifestation of the rapid growth of China's consumption.
As China's catering market gradually returns to rational level, capital markets are investing in it. The private equity funds of the Hong Yi Investment Fund, CVC and Louis Vuitton group have already completed their investment to domestic food and beverage industry in 2014. In addition, more and more international catering companies are also beginning to pay attention to China's catering industry, hoping to explore larger market.
In view of the changes in consumer preferences, consumption habits, consumption patterns and market demands, China's catering services are likely to be democratized, personalized and diversified. Moreover, consumers gradually return to rational under intense propaganda. Using Internet gimmick marketing can't attract them, only improving the quality of products and services and strengthening their own management can enhance enterprise competitiveness; In the fast development of O2O catering, catering enterprises should adjust their business model and service mode to keep pace with the times.
The most common and acceptable business structure for major business in China is Wholly Foreign Owned Enterprise, abbreviated WFOE or WOFE. WFOE refers to the enterprise set up within Chinese territory with capital 100% owned by foreign investor(s). Food and beverage company is basically a WFOE that has a Food and Beverage License.
With the continuous improvement of living standards and high attention to food safety, imported food has become the biggest growth point in the food industry. A large number of foreign specialty foods, wine, drinks, fruits and imported milk powder swarms into Chinese market, a Food and Beverage WFOE equipped with a food and beverage license is the basic requirement for joining the food and beverage market of China.
How to Start a Food & Beverage WFOE!
Setting up as an Individual
• A scan of your passport
• A personal bank statement letter, only stating no bad record (in some cases, no need to provide)
• Choose a China name and English name for your China WFOE
• Choose the location for your company in China
• WFOE Application Form
Setting up as a Hong Kong Company
• Notarized copy of Certificate of Incorporation /Business Registration Certificate/NC1 (or AR1)
• Passport copy of legal representative and supervisor of China WFOE
• Hong Kong Company Business Account Bank Statement (in some cases, no need to provide)
• WFOE Application Form
• We can Establish and Notarize the Hong Kong Company for you in 7-8 working days
Setting up as a Foreign Company
• Certificate of Incorporation /Business Registration Certificate
• Passport copy of legal representative and supervisor of China WFOE
• Foreign Company Business Account Bank Statement (in some cases, no need to provide)
• WFOE Application Form
• All Documents need to be attested and notarized by the China Embassy
Business China provides an all-round F & B WFOE Services:
• F & B WFOE Registration
• Food License & Alcohol & Beverage License
• Address For Food & Beverage and Alcohol License
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