CIL Group Ltd

WFOE are wholly foreign-owned enterprise established in China by foreign companies, enterprises, other economic organizations or individuals. According to China's law on foreign enterprises, the establishment of foreign enterprises in China must be conducive to the development of China's national economy, and must meet at least one of the following requirements - that they will apply internationally advanced technology and equipment, and that all or most of their products will be export-oriented.

CIL- a business consultant with offices located in Shanghai and Hong Kong provides offshore company incorporation. CIL offers simpler due diligence, company structure advice, online incorporations, smart investment solutions in China and a 24/7 support system. So with CIL, form a WFOE in Shanghai- one of the fastest developing cities.

CIL has world class business solutions for offshore jurisdictions too. CIL has its registered office in Samoa, a group of 9 islands situated in the South Pacific, east of the International Date Line. If you want to form a company in Samoa, CIL has the right frame of action to carry out all the procedures. CIL would act according to the law and taxation policy of Samoa. In order to attract business from more expensive jurisdictions in difficult economic times, Samoa has, in August 1998, introduced a new legislation that enables the easy migration of companies in a convenient and effective manner. At present there are three retail banks in Samoa. Another important feature is the presence of a Chinese Embassy which is particularly helpful when legalising documents required for transactions and business in mainland China. CIL has outstanding services regarding documentation and legalization required for company.

Our tax professionals can help you to identify ways to reduce your tax charges within the framework of the relevant tax legislation, and deliver services to deal effectively with your tax concerns, such as preparation of China tax returns, and assisting you in response and management of queries from the tax authorities. We also assist regarding corporate tax, global transfer pricing services, personal tax, international corporate tax and China tax services.

WFOE gives ability to formally carry on business rather than just a representative office function and capable of issuing invoices to their customers in RMB (Chinese Currency) and receive revenues in RMB and converting RMB profits to US dollars for remittance to their parent company outside China.

CIL takes care of all the legal steps required in the formation of WFOE Shanghai. For a WFOE in Shanghai, the first part is to format the Chinese name of the company. AIC will usually issue the Business License within 5-10 days after receiving all the required documentation. Once the business license is issued, the WFOE is deemed to be a legal person duly organized and existing under PRC law and will have full operational rights to operate a business in China. CIL follows all these rules and regulations for WFOE in Shanghai. CIL works within the jurisdiction to avoid any complexity and to ensure a smooth business procedure for you. Visit cil-online.com or for any queries contact us at .