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When foreign investors want to set up company in China it is advisable for them to review their investment plans and ideas to ensure that the business entity they choose will be in accordance with the China investment regulations and World Trade Organization market access regulations. This can be achieved with the assistance of Chinese consultancy firms who are familiar with the local market. These firms will break the language barrier and make you understand the business culture Viktor Arvidsson Predators Jersey , the government controls, and to help you maintain a good relationship with the government.
There are several business entities that can be applied to so as to set up company in China namely:
Wholly Foreign Owned Enterprise (WFOE) - This is a limited liability company wholly owned by the foreign investors. WFOEs were initially meant for manufacturing activities that were either export oriented or for advanced technology. However, with China's entry into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services Scott Hartnell Predators Jersey , software development and trading as well.
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