The establishment process varies based on one’s chosen investment structure and planned business scope. For example, setting up a manufacturing FIE requires an environmental evaluation to be completed, setting up a trading FIE must comply with the customs/commodity inspection requirements, and setting up simple services FIE may require neither.
Establishing a foreign investment structure in China generally takes between three and six months and involves the following government authorities:
Below we take Wholly Foreign Owned Enterprise (WFOE) as an example to demonstrate the setup procedure.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology, and operational advisory to international investors. Operational throughout China, ASEAN and India, Dezan Shira’s mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining, and growing their business operations in the region.
To get in touch with The Head of UK and Ireland Business Development, and market entry advisor, Maria Kotova, please contact UK.Ireland@dezshira.com