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Hongda Blog

Practical articles for foreign investors in China: company setup, tax, banking and work permits.

China’s ‘fapiao’ invoice next to man holding a phone

China WFOE: The 'Fapiao' Invoice System

If you are familiar with business operations in China, you have probably come across the term ‘fapiao’, which directly translates to ‘invoice’ in Chinese. While this may seem ...

Angel Ho

Is My WFOE up to date?

Is My WFOE Safe?

Many foreign investors eager to capitalise on China’s potential have started up a Wholly Foreign-Owned Enterprise (WFOE) to take advantage of this opportunity. While WFOEs have their ...

Bobby Lee

5 Reasons Why WeChat Is Successful In China

Foreign businesses who are interested in breaking into the Chinese market would be forgiven for wondering why WeChat is successful in China. After all, it's just another messaging app, ...

Bobby Lee

How Much Does It Cost To Open A WFOE In China?

There are many attractions for starting a business in China, such as low manufacturing costs, plentiful infrastructure, billions of potential customers, and a fast-paced and vibrant working ...

Bobby Lee

China WFOE minimum capital required for foreign companies

What Is The Minimum WFOE Capital Investment Required?

Taking the leap to open a Wholly Foreign Owned Enterprise in China is a big step and can seem overwhelming at first. Once you start doing the research you’ll undoubtedly find contrasting ...

Bobby Lee