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China Business Services Blog

Where foreign investors in China go to stay updated

January 26, 2021

2021 Guide to Opening a Bank Account in China

Operating a WFOE, wholly foreign-owned enterprise, or any other business in China, not only involves securing a business license; you also need to open a bank account to facilitate your operations. Bu...
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January 2, 2021

Setting Up A WFOE In China: The Process Explained [2021]

If you follow this blog, you may have read articles on the differences between WFOEs (pronounced “wuh-fee”), Representative Offices (ROs), and Joint Ventures (JVs)– on the different types, the Pros an...
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December 1, 2020

Profit Repatriation – Transferring Money out of China in 2021

As China’s economy continues to flourish, more and more businesses want to set up an international branch there. However, one of the biggest concerns they have is whether or not they’d be able to get ...
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April 22, 2020

Labour Relationships: Handling Mass Layoffs for Your China WFOE

The effects of the COVID-19 outbreak in China have left many businesses struggling to stay afloat, let alone make a profit as costs remain the same or may have even increased, and revenue for most ind...
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March 13, 2020

WFOE Tax Relief Polices During Coronavirus

In light of the the current pandemic, the Chinese government has issued a number preferential tax policies for both local and foreign-owned business in China to reduce the burden and boost the economy...
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March 10, 2020

Top 4 Alternatives to Opening an Offshore Bank Account for Hong Kong Companies

Considering the territorial advantages of Hong Kong, it comes as no surprise that the majority of WFOE owners choose to open a Hong Kong corporate bank account. This enables them to freely transfer mo...
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January 29, 2020

This new Chinese law will affect all foreign-invested companies

On March 15th, 2019, China's legislature approved the new Foreign Investment Law (FIL), it would replace the Three Laws on Foreign Investment as the new basic law in the field of foreign investment in...
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January 22, 2020

Selling Your Products Online in China as a Foreign Company

As a foreign company looking to sell products in China, it can be quite challenging to grasp the legal requirements and a steep learning curve to understand which are the best avenues to focus on. To ...
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January 2, 2020

2021 WFOE In China Checklist [Free Download]

WFOE formation in China is bureaucratic, time-consuming, and involves complex Chinese language documents. While we cannot change the system,  we've created this simple checklist in plain English that ...
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November 15, 2019

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 benefits, as with...
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