Register a WFOE in Dongguan can also be referred to as Dongguan company registration (WFOE). WFOE, abbreviated from Wholly Foreign Owned Enterprise, is the vehicle of choice for most people and companies doing business in China. It is less complex than a joint venture (JV) and allows you to concentrate on what your employees are up to as opposed to your partners.
Located in Guangdong, China, Dongguan is the largest global manufacturing and supplying base of computer parts and peripheries. To facilitate people who want to invest and set up company in Dongguan, Tannet make a brief an introduction on WFOE setup as shown below.
Advantages of WFOE
1. Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
2. Ability to formally carry on business;
3. Convert RMB profits to US dollars for remittance to their parent company outside.
4. Cheap labor force;
5. Profit capturing - Not required to share profits with Chinese counterpart;
6. Greater efficiency in its operations, management and future development.
.jpg "China Company Registration")
General Registration Process for WFOE
The application process to create a company in China generally takes three to six months. The establishment process varies based on the WFOE form and the planned business scope. For example, a Manufacturing WFOE will require an environmental evaluation report, and Trading WFOEs will need to undergo customs/commodity inspection registration. The application process can be divided into two parts:
• Pre-registration – what happens before the company formally exists;
• Post-registration – what happens after the company formally exists.
Compared to registering a business in most Western countries, registering a business in China is challenging work filled with paperwork and bureaucratic red tape. It is practically impossible to properly complete the registration process without a qualified agency. Be sure that the agency is qualified and possess comprehensive knowledge about the numerous important aspects involved with legally and properly registering a WFOE.
Tannet will manage all aspects of incorporation to get you a business license in Dongguan, from advising on business structures, managing and controlling WOFE. We will help you get free those complicated procedures.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
Previous：Dongguan Company Registration (RO)
Next：Dongguan Company Bookkeeping