YOU NEED TO KNOW
Tax Filing And Annual Reporting for A WFOE
A WFOE is required to update its books on a regular basis. You will need to: – File a tax return (monthly) – File individual tax return report (monthly) – File Corporate Income Tax Report (quarterly) – File Annual Corporate Income Tax Report (annually, after the accounting year end) More on annual reporting A WFOE is …
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Follow Your Dreams – Reach For The Goal! Just Like O-Dog!
Requirements for Registered Capital for a WFOE in China
The minimum requirement for registered capital is RMB 30, 000 (USD 4, 950). Under the company’s laws the paid-up capital is equal to the registered capital. Investors and shareholders must contribute the full amount of registered capital and deposit the money into a specified bank account in the name of the WFOE. In case of …
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WFOE People: Shareholders, Directors, Representatives and Supervisors
SHAREHOLDERS WFOE requires one shareholder/member, whose details are registered in the local Administration for Industry and Commerce. The director can be of any nationality, except Chinese, and meetings can take place anywhere. DIRECTOR/BOARD OF DIRECTORS A minimum of one director is required, whose details must be registered in the local Administration of Industry and Commerce. …
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Why Every College Student Should Intern At A Startup
You are a young ambitions college graduate, ready to take on the working world. You are looking for a summer internship to get experience and are being luckily presented with two options: Google or a small startup in somebody’s garage. What do you choose? It seems like a no-brainer. Yet, according to a recent article …
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Company Incorporation in China. What is A WFOE?
WFOE is a Wholly Foreign Owned Enterprise, which is a limited liability company fully owned by foreign investors. In China WFOEs were originally conceived for encouraging manufacturing activities that were export oriented or introducing advanced technology. However, with China’s entry into the WTO, these conditioned were extended, and now a WFOE is increasingly being used …
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Company Audit – FAQs
Auditing is the number two hot topic (after taxation) when it comes to company administrative FAQs. Here we answer a few of them: Question 1: When do I do my first audit? You can actually select either the 12th or 18th month since company incorporation to do your first audit. Question 2: What information do …
Why Every College Student Should Intern At A Startup
You are a young ambitions college graduate, ready to take on the working world. You are looking for a summer internship to get experience and are being luckily presented with two options: Google or a small startup in somebody’s garage. What do you choose? It seems like a no-brainer. Yet, according to a recent …
Continue reading “Why Every College Student Should Intern At A Startup”
The Periodic Table of Content Marketing
I have never been good at chemistry and having chosen a career in marketing I was hoping to never deal with it again. However, this graphic has shown me that chemistry can well be applied in a variety of business areas and actually make things clearer, rather than confusing. Below is a creatively presented overview …
COMPNANY AUDIT FAQ
Auditing is the number two hot topic (after taxation) when it comes to company administrative FAQs. Here we answer a few of them: Question 1: When do I do my first audit? You can actually select either the 12th or 18th month since company incorporation to do your first audit. Question 2: What information …