Opening a business in China

Wholly Owned Foreign Enterprise (WOFE)

• Capital provided completely by one or more foreign investor
• Can use foreign currency, machinery, equipment, intellectual property rights and proprietary technology as the investment
• Profits can be remitted abroad
• Independent operation and management
• Most restricted business structure due to limited domestic market access

Equity Joint Venture (EJV)

• Formed by foreign investors and Chinese enterprises (excluding individuals)
• A minimum of 25% of registered capital from foreign investors
• Can use foreign currency, machinery, equipment, intellectual property rights and proprietary technology as the investment whilst Chinese investor may also contribute land use rights and buildings

Co-operative Joint Venture (CJV)

• The investment can be based merely on contracts between foreign and Chinese investors; no co-operative form is necessary unless the JV meets the requirements of a legal person so it can constitute itself as an independent entity
• Both parties will usually set up a joint management committee consisting of representatives from each party
• The ratio for the distribution of profits can be freely set and does not need to be relative to capital contribution

Representative Office

• Not permitted to engage in direct profit-making activities i.e. not permitted to issue invoices for sales, accept payment for goods or contract for sales in the name of the home office.

• Call us on:
  400 882 6688

• New customer
• Existing customer

• ATM and Branch Network