The import sector in China is about to suffer some changes in terms of taxes, starting with November the 1st. Approximately 1,590 tariff code categories will be cut, representing 19% of the total number of taxed import products in China. The decision is meant to push the opening-up process of the economic globalization, a matter in which China is extremely interested. In matters of company formation in China, we invite foreign investors address their requests to our team of company formation representatives in China for complete assistance.
In terms of economy, there is no doubt that China is the second largest in the world after USA and in many cases the top option for entrepreneurs looking to incorporate their businesses and generate profits in this part of Asia. The Chinese authorities are continuously trying to enhance the business climate and making it more attractive to investors from abroad. Opening a company in China is subject to several requirements which can be explained by our team of company formation specialists in China.
Boosting the digital economy and providing support and knowledge on a global scale are China’s targets for the years to come. The main interest is to develop the communication and the foreign cooperation in the path of promoting the internet opportunities linked to IT and digital technology. There are many investors from abroad looking to thrive in China’s excellent sectors and a WFOE (wholly foreign-owned enterprise) is the proper business structure that suits the needs of international investors. In this direction, comprehensive support and detailed information can be offered by our team of company formation specialists in China.