We help foreign nationals set up wholly foreign-owned enterprises (WFOE) in China. Let us handle the registration, accounting and taxes so you can focus on building your business.
Our all-in-one WFOE package covers everything you need for running a WFOE in China. Check out below in detail what the services are included in the package.
WFOE FORMATION
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TAX
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BOOK KEEPING
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SOCIAL INSURANCES
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OTHER
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PRICING
We provide a custom quote at a fixed monthly rate which largely depends on the number of transactions your business will have. Schedule a free consulation with us to get an affordable quote.
SCHEDULE A FREE CONSULTATION
If you are interested in using our WFOE formation service, please contact us to schedule a free consultation.
Tax Compliance Service
Our tax compliance service covers the following taxes which are essential for every business operating in China.
Value Added Tax (VAT)
Enterprise Income Tax (EIT)
Individual Income Tax (IIT)
Stamp Duty
We also help you deal with other tax affairs which are necessary for running a business in China such as Annual Enterprise Income Tax Settlement.
Other Service
The other matters we take care of include but are not limited to:
Fapiao (Invoice) management, including issuance, data submission to tax authorities, input fapiaos selection for tax deduction, etc.
Labor union dues
Disabled persons’ employment security fund
Enterprise Annual Report Publicity
Social Insurances
Employers in China need to pay social insurance contributions on employees’ earnings as well as withhold employees’ contributions deducted from their salary. China social insurance system consists of pension insurance, medical insurance, work-related injury insurance, unemployment insurance and maternity insurance. Our service helps you open accounts of social insurances, enroll employees, calculate monthly contributions, remit payments, make changes to enrollment, etc.
Bookkeeping Service
We provide you with a dedicated bookkeeper who will manage your records on a monthly basis and ensure your books comply with the tax requirements. In specific, we document your financial transactions, maintain your general and subsidiary ledgers, prepare the key financial statements (Statements of Assets and Liabilities, Cash Flow and Income) and submission of the financial statements to tax authorities.
WFOE Formation
During the phrase of forming your business in China, we will help you with the following matters.
Advise on your business naming.
Draft the scope of your business.
Advise on your choice of business premises.
Open a bank account.
Register with local tax authorities.
Obtain a general business license.
Get company chops.
Obtain special licenses/permits (only applicable to certain business activities).