Get professional China WOFE formation and maintenance services

Starting a business in Hong Kong usually follows two paths: forming a new company or buying one that already exists. There is a third way as well – China WOFE or Wholly Owned Foreign Entity in China. This may sound confusing but the rules are quite simple actually. If you are a foreign investor who is planning to set up a business in mainland China then you can do so without any part of it being owned by Chinese nationals. Such companies are formed to export products to foreign countries. You can take the help of business consultants for setting up such an enterprise and also outsource accounting services, payroll administration as well as other core and business support functions.

Wholly Owned Foreign Entity in China

As already explained, usually a China WOFE is created with the aim of exporting products offshore. There are a number of regulations and compliance issues that you need to understand and implement while starting up a company in mainland China. Such a company can be started even without any national investors. To help you comply with all the regulations, there are business consultancy firms that specialize in offering quite a few services including accounting services. Alongside you will also be able to address taxation-related issues. If you wish you can also let your consultant take care of employee payroll administration, financial advisory as well as working visa and immigration services.

Foreign nationals usually open a China WOFE to enjoy the benefits of Chinese production and then export the products to other countries. So, the rules to open and run such a company will differ from the usual ones. And how do you accustom yourself with all the regulations of owning and running such a company? Taking professional help from those who are experienced will be the best approach. They follow standardized procedures and all activities are reported. If you are worried about meeting compliance issues as far as accounting services are concerned then you can be assured that you have trusted the right people. They operate as fully licensed service providers in mainland China and are authorized to act as payroll administrators.

What are the accounting services that you can enjoy?

Your business consultant is adept at handling management of daily financial issues as well as account and management taxation-related issues. These two are the financial foundations of a company. If they are managed and accounted for with complete integrity then growth is certain. Day-to-day bookkeeping needs to be handled with honesty and accuracy. This is important for the success of your company’s financial objectives. In case of a China WFOE the presence of transparent accounting services is imperative. Apart from this, they also take care of company audits so that there are no loopholes in the financial reports and everything is operated smoothly.

To enjoy the benefits of Chinese economy you require experts to guide you through the entire process of setting up a China WOFE. Right from payroll to accounting services, from work permits to business support and maintenance services, professionals will be able to help you overcome all hurdles so that you can get started as soon as possible.

For accounting services ( http://www.galaxy-hk.com/solutions/ ) and assistance in other core function while setting up a China WFOE ( http://www.galaxy-hk.com/solutions/ ) you can consult expert business consultancy services.

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