BC Partners Consulting Limited

China WFOE WFOE is the most common and acceptable business structure for major business. The registered capital of a WFOE should be subscribed and contributed solely by foreign investor(s). With a WFOE incorporated in China does not mean you can engage in any kinds of business activities, as is the case in HK and some Western countries. WFOE can only operate under the business scope approved by Chinese authorities. If the WFOE trades, wholesales, retails or franchises, we call it a Trading WFOE; if it manufactures, a manufacturing WFOE. If the WFOE implement consulting and advisory business, it is called a Consulting WFOE. If it provides food and beverage, a F&B WFOE. Joint Venture When two or more parties jointly invested & owns a stake respectively and share profits, operation expenses, risk and control of the company, we call it a Joint Venture (JV). Representative Office Although RO is generally agreed as the easiest entity for foreigners to f...

Visitors to the Mainland of the People's Republic of China must obtain a visa from one of China embassies unless they come from one of the visa exempt countries. The two Special Administrative Regions – Hong Kong and Macau – maintain their own independent border control policy and thus have their own visa requirements. To welcome more foreign investors to come to China, China issued a lot of beneficial visa policy for investors and employees.  Visitors to the Mainland of the People's Republic of China must obtain a visa from one of China embassies unless they come from one of the visa exempt countries. The two Special Administrative Regions – Hong Kong and Macau – maintain their own independent border control policy and thus have their own visa requirements.  Visa Categories Description of Visa C Issued to foreign crew members of means of international transportation, including aircraft, trains and ships,  or motor vehicle drivers engaged i...

China's social security law was promulgated by the central government but its administration and specific details are governed by local authorities. It is paid by both employer and employee, and the levels of this payment to the social insurance agencies are connected directly to the employee's salary. It can be complicated as there is not one steadfast rule for the country. Instead it is governed at a regional level, so depending where your company is based in China you will have differing responsibilities as an employer.  China social insurance not only needs to be set up, but also paid monthly, it may be easier to outsource this task to the local experts at Business China. China's new Social Insurance Law, which took effect on July 1, 2011, established the first national, basic social insurance framework for employees across mainland China. The law requires that all employers in China enroll each employee in five insurance programs, plus one mandatory housing ...