CIL Group Ltd

CIL- a professional business consulting company can help you to set up a WFOE in China. CIL has been formed since 2001 and registered in Samoa with office in Hong Kong and Shanghai.

CIL has offshore partnerships worldwide. Forming a WFOE in China requires expertise and knowledge. And CIL with its experience and expertise has accurate vision of China and WFOE formation. We provide benefits of Limited Liability Company or a WFOE in China. These types of companies are used for offshore business, international business and tax planning because they have the advantage of limited liability and a partnership for tax purposes. The profits are divided among the members, in proportion to their respective holdings.

In a WFOE there is no involvement of a Chinese partner thus leading to complete independence on how to run your own business and a higher level of efficiency in the daily operations. Unlike a RO, it is possible for a WFOE to issue invoices and to receive payment in RMB. CIL has a support system to pay your invoices through our order and invoice services. CIL maintains that there is no risk of your intellectual property being stolen by your joint venture partner. You can also convert RMB profits to US dollars for remittance to their parent company outside China. The basic objective of CIL is to ensure free remittance of profits and capital.

CIL will present to you the required formalities for a WFOE formation in China. AIC (Administrative Bureau for Industry and Commerce) usually issues the business license for these WFOE in China within 5-10 days after receiving all the required documentation. Proper gathering of all the important documents is the main matter of concern for CIL. This helps in faster acquiring of a license. Once the business license is issued, the WFOE is deemed to be a legal person duly organized and existing under PRC law. It will have full operational rights to operate a business in China within the scope of its business license. Registration is also required with other government authorities such as Tax Bureau, Foreign Exchange Control and Customs and so on. General business scope usually includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting and manufacturing.