China Companies

INVESTMENT IN CHINA

Investment in China may be either through a WFOE (Wholly Foreign Owned Enterprise) or a JV (Joint Venture) company. (Click here if you are interested in a Representative Office, which allows promotion, marketing and other such activities, but not manufacturing or other profit marking enterprises.)

Maritime International Ltd. has an Associate Office in Shanghai, through which we can assist in all areas of investment into China.

INCORPORATE A "VIRTUAL COMPANY" IN CHINA

You can incorporate a Wholly Foreign Owned Foreign Enterprise (WFOE) in China and operate it without the difficulties of hiring and managing employees. Maritime International Ltd., handles all the incorporation and registration details and provides full administrative and accounting services through our offices in China.

A number of clients have preferred this approach as it enables them to:

1. Have a presence and address in China without the cost and complexity of staffing, managing the office and dealing with the Chinese Government and bureaucracy.
2. Open a China bank account and pay local suppliers in local currency.
3. Receive payments from local customers in local currency.

The paying of suppliers and receipt of income from buyers locally is becoming a frequent requirement for doing business in China. Local Chinese companies are finding it difficult and expensive to receive and send foreign exchange frequently and prefer to deal with companies who have a local presence and bank account.

The owner of the WFOE would usually be a Mauritius or Seychelles company. Such jurisdictions have a double taxation agreement with China, enabling dividends to be remitted from China at 5% tax, instead of the usual 20% tax.

Contact Maritime International Ltd., for further information on this popular structure for doing business in China.

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