BC Partners Consulting Limited

This Ultimate Guide  for China WFOE Formation in 2018 is designed to resolve any doubts you may have in setting up your business in China. China WOFE is the type of company foreign friends are most eager to know before they set sail their business in China, whether you are in Guangzhou, Shenzhen, Foshan, Shanghai, Yiwu or any other city in China. New friends who start to carry out business in China are always highly encouraged to start WFOEs by their peers who have had Chinese entity registration experience. Why? Today Business China will give you a detailed explanation via this guide. In addition, we will cover the following main points: What is a China WFOE? What are the main categories of a China WFOE? Which industries are suitable and which fields are unbefitting for a WFOE registration? Why does everyone recommend you to set up a WOFE in China? What ubiquitous advantages does a WOFE have? What are the advantages and disadvantages of a WFOE when co...

Foshan City As a nearby city to Guangzhou, Foshan is located in the heart of the pearl river delta and adjacent to Hong Kong and Macao. Foshan is an industrial city, its competitive industries focus on household appliances, equipment manufacturing, metal material processing and products, ceramic building materials, textile and garment, food and beverage, plastic products, electronic information, fine chemical and pharmaceutical industry, household products manufacturing. How to Register a Foshan Company? Name-checking As a China company, the Foshan company name is composed of “the administrative division + company name + industry characteristics + organizational form”. The English version of the Foshan company can be put on the stamp and the name card, not one the license. Business Scope Confirmation Business scope refers to the business operation and industries you want to engage in with this China entity, which is quite Chinese characteristic in some way. Nevertheless,...

Shanghai City In 2015, Shanghai's GDP dominated the city list in China, and ranked second only to second to Tokyo, Japan in Asian cities. Shanghai is one of the world's most famous financial centers, and one of the world's largest metropolitan areas. Shanghai port has the world's largest cargo throughput and container throughput with the reputed international port. Shanghai owns the first free trade zone in China - Shanghai pilot free trade zone, which brings more new vitality to the economic development. How to Start a Shanghai Company？ Unlimited Liability Company An unlimited liability company means the company’s shareholders bears unlimited liability for the debts of the company. Unlimited company is the initial form of the company's registration structure, it is available to make full use of the advantages of shareholders of personal credit to trade or borrowing. The major disadvantage is that shareholders undergo big risk and have difficulties in f...

Shenzhen City As the window of China's reform and opening up, Shenzhen is the first special economic zone established by China's reform and opening-up policy. Shenzhen came in second as the most economically competitive cities in the world in 2016. As the seven strategic emerging industries, the Internet, new materials, biology, new energy, energy conservation and environmental protection, cultural creativity, new generation of information technology and the four future industries i.e. marine economy, aerospace, robot wearables and intelligent equipment and life health are gaining momentum. How to Register a Shenzhen Company? Representative Office(RO) Representative offices (RO) refer to the business liaison offices of the parent companies established by foreign companies in China. The business scope of the RO is restricted to the engagement of non-profit business activities related to foreign (regional) enterprises. In other words, representative office has no leg...

Guangzhou City ​Guangzhou, known as the "millennium commercial port" historically, has been one of the most important commercial centers in China. Guangzhou is close to the south China sea, neighboring the Hong Kong special administrative region and the Macao special administrative region. It is the south gate to the world. China's third big river, the pearl river, runs through the city of Guangzhou. As the international shipping hub, global aviation pivot and world science and technology innovation center, Guangzhou has attracted a total of 288 fortune 500 companies to invest nearly 800 projects in Guangzhou, of which 120 have headquarters or regional headquarters in Guangzhou. How to Register a Guangzhou Company? WFOE (Wholly Foreign Owned Enterprise) or WOFE (Wholly Owned Foreign Enterprise) is the most common vehicle for foreign investor to adopt in China company registration. As a limited liability company, WFOE can maximize the full control over the new es...