China China’s entry into the World Trade Organization marked the beginning of significant changes for worldwide investors and enterprise.  With a population of 1.2 billion, international investors and new market dabblers have very high expectations. The Government of China now allows entry into this exciting and intriguing market through Wholly Owned Foreign Enterprises (WOFE) granting experienced and fresh investors many advantages: ·         Ability to enter the market without a Chinese partner. ·         Conduct real business instead of simply having a representative office. ·         Invoice in local currency and receive payment in the same currency.  Multi-currency accounts are widely available. ·         Increased protection of technical knowledge, resources and secrets. ·         Superior performance and operation management through direct involvement. However appealing the foregoing may sound, it is not as easy as it seems.  Many continue to be discouraged from doing business in China because of the socio-economic, cultural and political idiosyncrasies.  Allow Aspen Global Incorporations Ltd. to assist you.  Before you begin, it is important to know that WOFES are restricted to certain types of business, for example. ·         International investment, finance and economics ·         Marketing & promotion ·         Corporate management ·         IT Technology and Development ·         Manufacturing. Local, regional, provincial, and central government approval and confirmation is essential prior to conducting any type of business, even when a business objective is listed as authorized.  In China, the scope of business evaluation frequently varies and is subjected to each local, district or provincial impositions.  In what concerns WOFEs, country-wide policies are rare. While China provides an interesting opportunity to the savvy investor, it is important to know that setting up in China is a lengthy and intricate process.  The long standing myth that businesses are successfully set up solely on relationships is precisely that, a myth.  What may have worked for your business associate may not work for you.  The relationships that led to your colleague’s success may prove unfruitful in your situation.  Correct assessment in a language you can clearly understand is crucial. Today, the Chinese government expects thorough and sound business proposals, evidence of being able to generate local employment, revenue and actual office/factory establishment. The place of operation must be approved, capital is paid up and the local governments must approve an extensive feasibility study.  The foregoing is only part of the application process. Registration and other government processes and fees vary from city to city. Our fees vary depending on the industry of interest and the city in China it.  It is important that the client understand that all documents must be accurately translated and that many courtesies within the Chinese system must be observed. Aspen Global Incorporations Limited is fully assist in china a Offshore Company Formation, virtual offices, offshore companies and structures, company management and secretarial services, asset protection trusts, tax minimization and avoidance, offshore banking and all other virtual services in China Aspen Global Incorporations Limited can assist you with this complicated process.  Please contact enquiries@aspenoffshore.com for a preliminary assessment and consultation.