Hong Kong & China Company Formation (Shanghai, Beijing, Shenzhen)

ASCON Group is a consulting company specialized in the incorporation of China company (Representative Office and WOFE).

INCORPORATION OF HONG KONG COMPANY

Hong Kong is one of the world's reliable financial centers. The advantages of no exchange control, British legal system and efficient transportation and communication networks make the incorporation in Hong Kong attractive for international traders. Hong Kong is ranked the freest economy in the world.

> INCORPORATION OF CHINA COMPANY

Representative Office (R.O) in China

ASCON Group can assist with the structuring of China Representative Office (R.O), which are the most common form of international investment into China today.

Representative Offices based in China are relatively inexpensive to establish, and do not require capitalization. Typically, they are used for China market research activities, to assess the scope and depth of the domestic market when considering a future investment, or for liaison activities between China-based buyers of the services or products sold by your international business. China Representative offices cannot invoice directly however, meaning the payment terms must be arranged directly between the international businesses parent company overseas, and the China-based purchaser.

Wholly Owned Foreign Enterprise (WOFE) in China

A Wholly Foreign Owned Enterprise (WFOE) is a Company with Limited Liability that is completely owned by the foreign investor. WFOEs were originally designed by the Chinese government for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However with China's entry into the WTO these conditions are gradually being abolished. Now WFOEs are increasingly being used by service providers such as a variety of consulting and management services, software developers and trading companies as well.

For more information about the incorporation of a company in Hong Kong and China:
 

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