Corporate Formation in china

1. Brief Introduction to Shanghai,Guideline To Register Company Set Up Business Corporate Formation Company Registration In Shanghai China Brief Introduction to Shanghai Shanghai has a great pro as it is located in the middle of north-south coastal line, with convenient transport system, vast land resources, and advantageous geographic location. It is located in front of the Yangtze River, close to the East China Sea in the east, face the Hangzhou bay in the south, connect with Jiangsu and Zhejiang province in the west, and close to the mouth of Yangzi River in the north. Located in the heart of the Delta Yangtze River, Shanghai has the world’s busiest container port. Shanghai has great investment environment, which is seen by many businessmen and enterprises as: ever-increasing efficiency of government, construction of social honest, solid social security system, place of increasing international cooperation, good legal system, high information level, large group of talent in different fields, language advantage, balanced industry mix, complete adequate and systematic service, etc. Shanghai is the largest city by population in the People’s Republic of China. It is a major financial center in China and one of the most significant trade and finance centers in the world. It is one of China’s old industrial bases which thanks to reforms which took place for over past 20 years have been injected with new vitality. The city is also home to powerful Stock Exchange, the Shanghai Stock Exchange has been ranked third among worldwide stock exchanges in terms of trading volume and

2. sixth in terms of the total capitalization of listed companies, and the trading volume of six key commodities. The importance of this metropolis is consistently increasing. Currently Shanghai is being ranked alongside with New York, Tokyo and London. Furthermore, Shanghai is one of the most prosperous cities in the world. Its cosmopolitan character, sophisticated and wealthy consumers, and highly educated skilled labor force make it highly attractive to overseas investors. For more information about Shanghai, please visit http://www.shanghai.gov.cn/shanghai/node27118/index.html http://en.investment.gov.cn:8080/home/index.jhtml?investtoken=876658dc-7154-12 1e-bb13-d43b5d3f27d6 Guideline To Register Business In Shanghai,Offer Complete Range Of Company Set Up Corporate Formation Business Registration Services Shanghai China Shanghai Business Formation also can be understood as: Shanghai company setup, Shanghai corporate formation, Shanghai business setup, Shanghai company registration, Shanghai business establishment and Shanghai business registration. To facilitate people who want to invest and register company in Shanghai, here is an introduction of Types of business presence in China: Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company. Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned

3. by the foreign investor. It can generate income, pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise in China which is 100 percent owned by a foreign company or companies can be called as WFOE. No. minimum registered capital is required for WFOEs with scope of business of consulting, Trading, retailing, information technology etc. in China. There are minimum registered capital still required for some industries for instance: Banking, Forwarding etc Since China still maintains foreign currency control policy, it's still advisable to choose registered capital within RMB 100,000 ~ RMB 500,000 as the minimum registered capital. Companies can now determine how much capital will be required to maintain their operations and must simply ensure that they meet those targets within a period of 10 years. Representative Office (RO) is a Liaison Office of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China. Joint Venture (JV) is a Limited liability company formed between Chinese investor and Foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc. Since March 1, 2010: Measures of Establishment of Foreign Invested Partnership Enterprises (FIPE) in China is taking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign Invested Partnership

4. Enterprise (FIPE) in Shanghai, Beijing, Shanghai, Hangzhou and rest cities of China Hong Kong Company usually been used as a Special Purpose vehicle (SPV) to invest Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China (Mainland China and Hong Kong, See Wiki 1 country, 2 systems), lots foreign investors, especially investors from Europe and North America still chose to setting up a Hong Kong company as SPV to invest China. After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep. Office setting up in China At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China. Business set-up in Shanghai is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls Since 2006, Tommy China Business Consulting has been focusing on consulting services for our clients to invest in Shanghai. We are specialized in establishment

5. of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization Assist in obtaining government approvals and certificates for running business, negotiate and draft various legal documents provide legal advice, negotiate government officer for Land acquisition Advising on formation of WOFE and business structures ,managing and controlling WOFE in China drafting privacy policies and structuring commercial transactions TCBC will manage all aspects of incorporation to get you a business license in Shanghai China. We offer a range of company formation services including helping you to set up: -Wholly Foreign Owned Enterprises (WFOE ) -Representative Offices -Joint Ventures (Equity/Co-operative) - Foreign Invested Partnership Enterprises (FIPE) - Hong Kong Holding Company Please visit: http://www.tommyconsulting.com/CorporateFormation.html Email: tomlee@tommyconsulting.com, Skype: tomleeli WhatSapp/Wechat/Cell Phone: +86 18926401128