China Service Company Formation business scope
China Service Company Formation is also called China Service Company setup, China China Service Company registration, China Service Company incorporation and China Service Company establishment. If some of the overseas companies would like to do import and export business in China, then a China Service Company is necessary for establishment.
China Service Company Formation-Business Scope of China Service Company
According to WFOE regulations, "Foreign investors are permitted to setting up a 100% foreign owned enterprise in industries that are conducive to the development of China’s economic benefits, and not prohibited or restricted by China government." In China, Business scope of a business is a "one sentence description" covering all of the present and future activities of the WFOE; it is essential this encompasses every envisaged scope of future activity. The WFOE can only conduct business within its approved business scope, since April first of 2014, the China Centre government carried out one new policy to relax the restriction in the business scope, Generally business scope includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting, manufacturing, etc. After China's entry into WTO, more and more business is open to WFOE especially in Trading, Wholesale and Retail business, check the Catalogue of Guidance to Foreign Investment.
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