Setting up a company in china could become crucial when aiming for market penetration or even when negotiating a business deal with a chinese party. There are different types of entities, and each type has it’s own advantages & drawbacks. Our well experienced team will provide you the optimal consulting in order to fit your needs, and at the same time save your time and money. Wholly Foreign Owned Enterprise,”WOFE”, is the most common type of entities used by foreigners in china. Hereinafter some advantages & drawbacks:
Advantages
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Full Control Over The Company.
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Feasible to carry out any type of business.
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Different types of government incentives; Tax benefits, Subsidies, Funds, etc.
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Efficiency when striving for keeping intellectual property
Drawbacks
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possible longer process when establishing a company.
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In some cases a minimal capital is required.
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It is recommended in some forms of businesses to have a local partner, thus a “WOFE” can become an obstacle.
