China Briefing Releases New Wholly Foreign Owned Enterprise Guide

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Jun. 8 – China Briefing has just released the third edition of its technical guide “Setting Up Wholly Foreign Owned Enterprises in China” – offering an up-to-date reference source for all issues concerning the establishment, administration, and utilization of a wholly foreign owned enterprise (WFOE) in China.

Are you considering investing in China in a manner that allows greater efficiency in management than a joint venture and greater freedom in business activities than a representative office? For these reasons, the popularity of wholly foreign owned enterprises in China has been steadily increasing in recent years; accounting for 77.4 percent of total international investment for the first half of 2010, compared to 27 percent in 1995.

This guide provides a practical overview for any business-minded individual to understand the rules, regulations and management issues regarding establishing and running a WFOE.

This fully inclusive guide covers the following topics:

  • Establishing wholly foreign owned enterprises
  • Pre-investment planning
  • Establishing manufacturing and service WFOEs
  • Establishing foreign invested commercial enterprises (FICE)
  • Full implementing rules and draft articles of association
  • Calculating your registered capital requirements
  • Converting JVs to WFOEs, and establishing WFOE branches
  • Tax and audit obligations
  • Human resource issues
  • Obtaining export tax and VAT rebates
  • WFOE liquidation procedures

“Setting Up Wholly Foreign Enterprises in China (Third Edition)” is available on the Asia Briefing Bookstore priced at US$40.

This book is part of a technical series of books on doing business in China, covering such topics as setting up joint ventures and representative offices, tax, IP and many other vital issues for foreign investors in this exciting market.

This guide was also written in collaboration with Dezan Shira & Associates, a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China. For more information on establishing representative offices in China, please contact info@dezshira.com, visit www.dezshira.com, or download the firm’s brochure here.

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