Guangzhou business setup is also called Guangzhou company registration, Guangzhou corporate formation, Guangzhou company establishment, Guangzhou company incorporation, etc. There are several types of business setup in Guangzhou. The following are common types for business registration in Guangzhou.
I. Wholly Foreign Owned Enterprise (WFOE)
The Wholly Foreign Owned Enterprise, abbreviated WFOE, is a common investment vehicle for mainland Guangzhou-based business. The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles. WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds. This can give greater control over the business venture in mainland Guangzhou and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner.
II. Representative Office (RO)
A Chinese representative office (RO) is an institute setup in Guangzhou, representing its parent corporate for liaison with Chinese counterparts. A RO is not considered to be a separate legal entity. It can not directly engage in business operation. However, through which its parent corporate can enter into contracts with its supplier/customers in Guangzhou in its own name, but not under the name of RO. A representative office is popular for those who are willing to enter Guangzhou at the test period of business and investment.
III. Joint Venture (JV)
A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture , each of the participants is responsible for profits, losses and costs associated with it. However, the venture is its own entity, separate and apart from the participants' other business interests.
IV. Foreign Invested Partnership Enterprise (FIPE)
FIPE is a unlimited liability business entity without minimal requirements on registered capital. A partnership in the People's Republic of China is a business entity governed by the Partnership Enterprise Law passed by order of the President of the People's Republic of China to authorize and govern partnership enterprises. A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested.
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