An Sino-foreign Equity Joint Venture is
formed jointly by at least one Chinese investor (corporation) and at least one
foreign investor (individual or corporation) in accordance with the Sino-foreign Equity Join
Venture law and other relevant laws and regulations. ....
A Sino-foreign Co-operative Joint Venture (Sino-foreign Contractual Joint Venture)
is formed jointly by at least one Chinese investor and at one
foreign investor in accordance with Chinese laws and
The Wholly Foreign Owned Enterprise (WFOE), also known as Wholly
Owned Foreign Enterprise (WOFE), is a Limited Liability Company
established in China and wholly owned by the foreign investor(s). ....
A FICLBS refers to an enterprise legal person established
pursuant to the Tentative Provisions of MOFTEC on Several Issues
Regarding the Establishment of Foreign Investment Companies
Limited by Shares.....
A China Resident Representative Office (RO) also known as
Permanent Representative Office, is an office of a foreign
enterprise set up in China for liaison with Chinese businesses
and customers on behalf of its parent company. ....
The registration of a Wholly Owned Foreign Enterprise (WOFE) is
a two-step procedure Step one: applicant should obtain approval
from respective authorities. Step two: registration made with
the Administration for Industry and Commerce ....
The registration of a Representative Office normally takes 4 to
6 weeks. Firstly, application for Business Registration Licence
should be made to the Shanghai Administration for industry and
Foreign enterprises engaged in manufacturing in Shanghai pay income
tax at a reduced rate of 24%. Those established in the economic and
technological development zones of Shanghai and Pudong New Area pay
income tax at a reduced rate of 15% ....