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The process and necessary documentation may depend on the industry in which you plan to register your business. Different countries have different laws and regulations regarding foreign company registrations. Policies may also differ depending on the region within a particular country.
Local agents have a lot of experience and are familiar with the local registration authority and relevant laws and regulations. Hiring a local agent means you don’t need to come to the country to submit documents in person, thus saving you time and money.
Mainland China: Wholly Foreign-Owned Enterprise (WFOE)
Hong Kong/BVI/Cayman Island: All types
Beijing & Shenzhen, China
British Virgin Islands
Prices vary according to type of enterprise and the location of registration.
Beijing & Shenzhen, China: up to $1500 USD; down payment of $100 USD
Hong Kong, China: Registration fee of $1290 USD; annual fee of $291 USD
British Virgin Islands: Registration fee of $1548 USD; annual fee above $291 USD
Cayman Island: Registration fee of $3741 USD; annual fee above $291 USD
A WFOE is a limited liability company that is wholly owned by a foreign investor. A WFOE requires registered capital; its liability is limited to its equity; it can generate income and pays tax in China; and its profit can be repatriate back to the investor's home country. Any limited liability enterprise in China that is 100%-owned by a foreign companies or individuals can be called a WFOE.
FIPE is a new type of business presence in China. It refers to: a) two or more foreign enterprises or individuals establishing a Partnership Enterprise (PE) in China; and b) Foreign enterprise(s) or individual(s) with a Chinese individual(s) or company establishing a Partnership Enterprise (PE) in China. It's a new type of business entity in China, and with very little capital, partners can start a business in China easily. There's no minimum registered capital required for a FIPE. Similar to a WFOE, a FIPE can generating revenue, hire local and foreign staff, and enter into contracts with local and overseas businesses in China.
An RO is a liaison office of its parent company. It requires no registered capital. Its activities are limited to: product or service promotion, market research of parent company's business, quality control, or contact liaison in China. An RO is generally prohibited from generating any revenue and entering into contracts with local businesses in China.
A JV is a limited liability company formed between a Chinese investor and a 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. A JV has usually been used by foreign investors to enter restricted industries such as: Education, Entertainment, Mining, Hospital, etc.
A Hong Kong company is often used as a Special Purpose vehicle (SPV) to invest in 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. Many foreign investors choose to form a Hong Kong company as a SPV to invest in China.