In China, every company that is controlled by a quota equal or superior to 25% by foreigners is considered a FIE (Foreign Invested Enterprise). Among the FIE there are two most common types of entity: WFOE (Wholly Foreign Owned Entity), and the Joint-Venture.
WFOE (Wholly Foreign Owned Entity), that is, as the name suggests, a legal entity completely owned by foreigners. The type of WFOE used in the great majority of cases is the LLC (Limited Liability Company), where the responsibility (or “liability”) of each partner is limited to the capital they invested in the company (as in the US or in Europe). This is also the amount of registered capital required by the local government when submitting company registration application.
The Joint-Venture, on the other hand, is a company controlled by both foreign and Chinese partners. If you want to operate your business in a “restricted” industrial sector considered by the government (such as mobile and data service in telecommunication,development of pieces of land in real estate industry), a Joint-Venture is your only option. Likewise, there are also industries which are “encouraged” or completely “prohibited” for foreign investment. For detailed information, please refer online to Catalogue for the Guidance of Foreign Investment Industries by the ministry of commerce in China.
It is highly advised to seek the help from a trustful professional when deciding to incorporate your business in China. It’s even much more so when it comes to the corresponding legal and fiscal matters. We provide professional service in company registration in Shenzhen. With our help and consultation, our clients will understand their business plan better and be able to choose the right business scope to operate. During the course of past two years, we have successfully helped our clients to register their company in trading, manufacturing, consulting, information technologies and so forth.
2. Accounting and Tax Services
For small to mid-sized business owner, China SourceLink offer comprehensive accounting services and targeted financial advice with the goal of helping our clients succeed. You can count on us for traditional accounting services including bookkeeping, financial statements, and budgeting, but we offer so much more. We’ll identify solutions for preserving resources, reducing your tax burden, and streamlining your accounting procedures.
From complex tax planning strategies for businesses to basic income tax preparation for individuals, our goal is the same as yours: to keep as much money in your pocket as possible. We keeps tabs on changes to the tax laws so we can offer relevant tax planning solutions and accurate tax preparation services to our clients. Only experienced tax accountants like us can maximize deductions for your business because understand how State and Local tax regulations apply to businesses in your industry. We’ll make sure you take advantage of all the tax breaks you’re entitled to so your business can realize higher profit margins.
Besides accounting and tax services, we also provide payroll service.
3. China Work visa (Z visa) application
China Work visa (Z Visa) is issued to those who have obtained employment permit and intend to work in China. It is also a type of visa for those entrepreneurs who wish to stay in China to operate their business as a legal representative of a WFOE . A Chinese government issued working permit or employment license is required. Z visa is usually issued for one entry and the holder of Z visa should enter China within 90 days after visa is issued and must register at local public security bureau within 30 days of arrival, where the China Residence Permit will be issued to replace Z visa to allow multiple entry for one year.
China SourceLink is a sourcing company based in Shenzhen, China. It is founded to help overseas buyers to source verified suppliers and products with good quality. Our role is to bridge the gap between international buyers and domestic manufacturers in Shenzhen by providing service in sourcing, logistics and interpretation. As your sourcing agent in Shenzhen, we also caters to the needs of those who intend to incorporate their business in China with our service in company registration, accounting and tax service, and work visa (Z visa) application. Please feel free to contact us for a free consultation and we look forward to hearing from you.
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Shenzhen Company Registry―Helping you Avoid the Common Pitfalls of Company Registration The