China WFOE Formation
Hotline: 86-755-82143348, Email:amyhuang@citilinkia.com
China WFOE Business Scope means that the company registered in China should have allowed scope to engage in the business activities for its business operation.
China Company Law restricts companies on their business scope, that is, business activities these companies can perform. The business scope of a WFOE is usually restricted to a manufacturing or processing or general service activity. Pure trading and distribution as a business scope (with restrictions to only a single category of products) is now allowed.
Within its business scope, the WFOE can perform normal commercial activities of materials procurement, products manufacturing, reselling or distributing its products, both locally and abroad. The WFOE can also adjust customs, import and export according to its business scope. Local currency can be exchanged provided that the currency is used for legitimate business needs in line with its business scope. Profits can also be repatriated out of China in foreign currency.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143348, or emailing to amyhuang@citilinkia.com.