Office in China

Office in China

Virtual Office:
You have to rent an office in China if you wanna do business, and apartment is not available. There is a way that you rent an apartment which is more convenient for both living and working with renting fees saving. We could provide you some good virtual offices just for Registration.

My China Office:
With Amazing International Corporation, you're able to run your business in the optimal form—China office, without the financial or management burden exerted by the traditional office rental. With the opening up and economic development of China, many multi-national giants nowadays have already set up their China offices, enable them to find more and more channels to expand their business in China. Establishing a China office will produce benefits in many aspects for those overseas corporations.
We will take care of everything, including the basic registration procedures, and the relevant approvals. We will help you to solve many other related things upon your request. All you need to do is choose the right location and ready to move in. On the basis of a China office, you can grow, relocate or downsize with minimal disruption. We introduce two types of China office in the following passage.

Full-time office
Full-time office will be equipped with everything you need – for as long as you need it. The working time can be scheduled as you like. You can maximize productivity and reduce monthly costs. Funding the full-time office let you get in touch with your clients in the least time and expand your market in China.

Part-time Office
Maximize your productivity by paying only for the office time you use — but enjoy the full benefit of Mazzini Corporation Company administration and support while you're there. With 80 hours a month of private office time, a part-time office is optimal for professionals who require a local market presence but don't need a full-time office.

Advantages of MCO:
Cost effective - You can save 75% of operation cost over your setting up your own office. You do not need to pay extra fees and charges to FESCO (Foreign Enterprise Service Cooperation), and operation taxes, save administration expenses of the office, etc.
No investment needed
You don't have to buy equipment, pay deposits, rent or buy a office, etc.., everything is included in a monthly fee
Instant access to market
No complicated and time consuming registration procedures.
Transferable - An MCO serves as a stepping stone, when you are confident about the market prospect, the whole MCO can be transferred to your own management.
A whole range of benefits like your own branch office - offers a sense of personal touch with your clients and customers; Build up PR network, distribution channels and client base; providing technical support and training to your clients and agents; collecting first hand information for market research; organizing promotion and advertising campaigns; managing accounts receivable, grasping other business opportunities, and business planning such as travel arrangements, appointment scheduling, event planning, marketing material preparation, etc.

WFOE(Wholly Foreign-Owned Enterprise) in China

WFOE(Wholly Foreign-Owned Enterprise) in China

There are 3 kinds of WFOE(Manufacturing, Trading, Service) in China, and someone always doesn't make it clear. Here are the features of WFOE in China:

Operational features:

For manufacturing enterprise: They process or assemble the products they sell. The procedure of purchasing and processing of raw material with labor force is its great feature. For technical companies, they can be deemed as manufacturing enterprise if their operation activities include the procedure of processing the raw materials. Otherwise, they can't be defined as manufacturing enterprises.

For trading enterprise: Their chief feature is that they mainly carry on commodity or service exchange using some kind of currency. Generally, its operation pattern is a buying and selling.

For service enterprise: They provide certain invisible services, such as consultation, technology, patent and so on. Generally there is no trading of physical commodities.

Tax affairs: Manufacturing enterprise: they have to pay Value Added Tax (output tax payable minus input tax), where there are generally two different tax rates: 13% and 17% (For some special industry the rates will be different). Instead of VAT invoice, small taxpayers can issue plain invoice with the tax rate of 5% based on sales revenue. Enterprise income tax rate is 25% based on net profit at the year end.

Trading enterprise: they have to pay Value Added Tax (output tax payable minus input tax), where there are generally two different tax rates: 13% and 17% (For some special industry the rates will be different). Tax refund with rates from 4% to 13% is available for companies engaged in international trading. Enterprise income tax rate is 25% based on net profit at the year end.

Service enterprise: generally use plain invoice with the tax rate of 5% (few companies such as advertisement service and so on are exposed to different tax rate). Enterprise income tax rate is 25% based on net profit at the year end.

Registration request: According to the new Corporation law, the minimum registered capital for an enterprise is 30,000 RMB (except sole proprietorship and industry with special permission). Considering respective operating environment and convenience for registration, we suggest as follows:

Manufacturing enterprise: The minimum registered capital is 500,000 US dollars. It shall have at least 1 executive director and 1 supervisor if it doesn’t have a board of director or a board of supervisor. The executive director is the legal representative, and may hold a concurrent post of general manager. The registration procedure needs the enterprise to provide leasing contract of manufacturing location (it should be the contract of factory location, instead of office location), the environmental protection examination opinion and the Fire service opinion.

Trading enterprise: The minimum registered capital is 200,000 US dollars. It shall have at least 1 executive director and 1 supervisor if it doesn’t have a board of director or a board of supervisor. The executive director is the legal representative, and may hold a concurrent post of general manager. The registration procedure needs the enterprise to provide leasing contract of office (or building) location.

Service enterprise: The minimum registered capital is 100,000 US dollars. It shall have at least 1 executive director and 1 supervisor if it doesn’t have a board of director or a board of supervisor. The executive director is the legal representative, and may hold a concurrent post of general manager. The registration procedure needs the enterprise to provide leasing contract of office (or building) location.

Feel free to contact me if you wanna set up WFOE in China.
Email: haoenjun@goinvestchina.com