Shenzhen WFOE registration advantages
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What will the biggest advantage to register a WOFE in Shenzhen rather than other cities in China. The biggest advantage is neighboring to Hongkong if you ask. Quite a lot foreign investors may choose to regiter a HK company and a Shenzhen WOFE at the same time to expand their business not just in China but also in Asia. Firstly to register a HK company and then incopporate the Shenzhen WFOE under holding of the HK company.
The advantage for this kind of company structure make their business routine productively. Investors purchase goods from China with their Shenzhen WFOE and selling to their HK company but shipping the goods to overseas customers directly instead of going through HK. This way works out in their busienss and save costs for the business. Nearing HK makes their goods transportation more convenient. Speaking of it's location, Shenzhen also border on Guangzhou, Dongguan and Zhuhai cities.
Also when considering the administration policy, Shenzhen also famous for its efficient and high quality service comparing to other cities in China. The Shenzhen WFOE registration processing and the follow-up service such as banking and taxation enjoys more convenicen. But of course to choose a city start your busienss in China mainly depends on your suppliers and customers location. The costs of Shenzhen to maintain the WFOE surely will be more expensive than other so called second-level cities such as Dongguan and Zhuhai.
The electronics industry investor already aware of Shenzhen to be the best choice to establish their China WOFE. With the Huaqiangbei electronic market supplying all various kinds of goods and sea transportion near HK port, investor incorporate their Shenzhen WFOE without hesitation.
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