China, the world’s fastest growing economy, offers wonderful business opportunities to foreign companies. China has something for everybody. The Chinese government is doing everything in its power to improve the investment climate for international investors. Among other things, they continually spend large amounts of money on the improvement of the infrastructure. Business Registration Hong Kong guides you to successfully start your business in China.
Starting a business in China presents great opportunities and great challenges. Foreign companies can go into China as a Wholly Foreign-Owned Enterprise (WFOE), a Representative Office (RO), or as a part of a Joint Venture (JV). For the last few years, well over half of all foreign companies have chosen to enter China as a WFOE.
A Wholly Foreign-Owned Enterprise (WFOE), is a limited liability company established within the territory of China through foreign investment only. It is now becoming more popular, mainly because of the fact that there is no involvement of any Chinese investor and gives the foreign company complete control of the newly established business. The WFOE enable the investors to increase their marketing decision and response speeds. It also provides security for the foreign investors to protect their scientific research confidentiality and keeps the management intact.
To simplify the establishment of a business in China for foreign companies municipalities and provinces have established so-called foreign investment service centers. They offer foreign investors complete service from the first consultation on how to establish a company in China, to the actual procurement of approval from the government.
China is the ultimate foreign market. It can be complicated but for those in the right industry who are committed to aggressive growth China has it's potential rewards. It may even be too alluring to ignore. If you need assistance in establishing a business presence in China or in Hong Kong, visit Business Registration Hong Kong for more information.
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