With the rapid development of China's economy, China represents fertile ground for consulting business. A Limited Liability Company wholly owned by foreign investor in consulting business is known as a consulting WFOE or WOFE in China. The types of China Consulting Company could be classified as below:
China Management Consulting Companies
China Engineering Consulting Limited
China Technical Advisory Limited
China Education Consulting Limited
China Technology Consulting Limited
China Headhunting Service Limited
China Training Service Limited…
How Business China Can Help?
Business China has a great experience in helping you to set up business entities in China and abroad. If you need any Company Regiatration Service or Company Management, Accounting Services, China Payroll Services, Package Services and etc., don't hesitate to contact us.
Over the past decade, China has become one of the most attractive markets for global consulting firms. According to IBIS world business intelligence, compared with 1.7 percent in the global market, the average annual growth rate in China's consulting services market is estimated to be 10 percent from 2009 to 2014. In the early 1980s, the Chinese government began to set up investment, high-tech, and financial consulting firms. Until the 1990s, a number of foreign and individual consulting firms had entered the China market, providing professional consulting information to different companies.
As China has become one of the most lucrative markets in the world with the highest barriers to entry into the management consulting industry, it has attracted a large number of management consulting firms. Most major global consulting firms have expanded to China, providing consulting services to global clients in areas of strategy, operations, human resources and marketing. Top local consulting firms are competing more with foreign consulting firms for international clients, mainly serving large and medium-sized local enterprises.
At present, consulting firms are mainly located in Beijing, Shanghai, Guangzhou, Shenzhen and other major cities, most large enterprises and manufacturers are located in the vicinity of the four economic centers. The advantages of setting up consulting firms in China include: low capital requirements; China's comprehensive management control; ability to report profits to parent company; issuance of "invoice" tax invoice; available for all types of consulting services; no need for real offices; no capital injection requirements, etc.
Chinese consulting firms enjoy high margins and very limited regulations. The industry is still in the growth stage, the threshold is low, the geographical distribution is seriously unbalanced and the concentration is low. For these reasons, the consulting industry will have a major expansion in China's medium-scale cities.
A Limited Liability Company wholly owned by foreign investor in consulting business is known as a consulting WFOE or WOFE in China.
Establishing a consulting WFOE in China you will be able to:
- Run legal consulting business in China and bear limited liability for registered capital can mitigate risks;
- Apply for work visa for legal representative, employees and families;
- Legally hire employees and purchase social security and accumulation fund;
- Formal invoices can be issued for customers;
- Reasonable business subsidies and tax preferences can be avoided through the company;
- Can apply for the trademark to gradually enhance the company brand value in the industry competition for the long-term benefit; Give the customer more trust;
- May apply for the product patent to be protected by the law;
Establishing a consulting Wholly Foreign Owned Enterprise (WFOE) in China
Business China is a licensed leading firm in China specializes in business setup in mainland China, Hong Kong and offshore for customers ranging in size from owner-managed businesses to multinationals in every sector. By making continuous efforts in expanding our services, we ensure businesses of all sizes can access the most up to date business setup solutions and strategies available.
Our Streamlined Service Process
Request for a Free Consultation.
China Management Consulting Companies
China Engineering Consulting Limited
China Technical Advisory Limited
China Education Consulting Limited
China Technology Consulting Limited
China Headhunting Service Limited
China Training Service Limited…
How Business China Can Help?
Business China has a great experience in helping you to set up business entities in China and abroad. If you need any Company Regiatration Service or Company Management, Accounting Services, China Payroll Services, Package Services and etc., don't hesitate to contact us.
Overview of a China Consulting Company
Over the past decade, China has become one of the most attractive markets for global consulting firms. According to IBIS world business intelligence, compared with 1.7 percent in the global market, the average annual growth rate in China's consulting services market is estimated to be 10 percent from 2009 to 2014. In the early 1980s, the Chinese government began to set up investment, high-tech, and financial consulting firms. Until the 1990s, a number of foreign and individual consulting firms had entered the China market, providing professional consulting information to different companies.
As China has become one of the most lucrative markets in the world with the highest barriers to entry into the management consulting industry, it has attracted a large number of management consulting firms. Most major global consulting firms have expanded to China, providing consulting services to global clients in areas of strategy, operations, human resources and marketing. Top local consulting firms are competing more with foreign consulting firms for international clients, mainly serving large and medium-sized local enterprises.
At present, consulting firms are mainly located in Beijing, Shanghai, Guangzhou, Shenzhen and other major cities, most large enterprises and manufacturers are located in the vicinity of the four economic centers. The advantages of setting up consulting firms in China include: low capital requirements; China's comprehensive management control; ability to report profits to parent company; issuance of "invoice" tax invoice; available for all types of consulting services; no need for real offices; no capital injection requirements, etc.
Chinese consulting firms enjoy high margins and very limited regulations. The industry is still in the growth stage, the threshold is low, the geographical distribution is seriously unbalanced and the concentration is low. For these reasons, the consulting industry will have a major expansion in China's medium-scale cities.
A Limited Liability Company wholly owned by foreign investor in consulting business is known as a consulting WFOE or WOFE in China.
Establishing a consulting WFOE in China you will be able to:
- Apply for work visa for legal representative, employees and families;
- Legally hire employees and purchase social security and accumulation fund;
- Formal invoices can be issued for customers;
- Reasonable business subsidies and tax preferences can be avoided through the company;
- Can apply for the trademark to gradually enhance the company brand value in the industry competition for the long-term benefit; Give the customer more trust;
- May apply for the product patent to be protected by the law;
How to Start a China Consulting Company
Establishing a consulting Wholly Foreign Owned Enterprise (WFOE) in China
Business China is a licensed leading firm in China specializes in business setup in mainland China, Hong Kong and offshore for customers ranging in size from owner-managed businesses to multinationals in every sector. By making continuous efforts in expanding our services, we ensure businesses of all sizes can access the most up to date business setup solutions and strategies available.
- Guidance of shareholder's documentation preparation before the registration of the consulting WFOE;
- Coordination with the landlord to prepare all the rental contract of office, property layout drawings and other required documents;
- Check company’s legal Chinese name and English name;
- Organize and draft the legitimate file by our File Handling Team, then courier to customers to sign then courier back after signature confirmed through email;
- Approval Certificate and Approval Letter application;
- Business License application;
- Notification of Commencement of Business;
- Official, financial and legal representative’s sea’ application and record application;
- Arranging the bank account opening after confirmed the appointment with both the legal representative and the bank;
- Bank Account Opening Permit application;
- Credit Code Certificate application;
- Other required assistance…
Our Streamlined Service Process
Request for a Free Consultation.
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