• Services
  • Business in China
  • Expansion and Exit

Setting up branch in China

Setting up a Wholly Foreign Owned Enterprise (WFOE), as the head-office (e.g. Holdings/Group Management WFOE) in China, can be a lengthy and complex process. Once a WFOE is set up, opening up branch offices is the easiest way to expand and much less bureaucratic and expensive than setting up a new WFOE. From our experience, this structuring strategy adopt to retail or F&B industry to expand to local markets in China.

Exit Strategy

Foreign investors can exit subsidiaries by selling their shares in the China company or transferring their shares in the parent company. A transfer of shares must be approved by the original approval authority, although this kind of approval generally is routine. If the share transfer is made from foreign investors to a Chinese investor, who then converts the foreign entity into a domestic company, the later-formed domestic company should satisfy the requirements for establishing a domestic company under Company Law, rather than under Foreign Investment Entities (FIE) law.

NOTICE
Holiday Notice: The first day of January 2019
Please note that Atrix will be closed on 1 January (Tuesday), and our service to be resumed on 2 January (Wednesday).

Waiving business registration fees for 2019/20
In Hong Kong 2019-20 Budget, the Financial Secretary proposed a waiver of 2019/20 business registration fees of HKD 2,000.   Read more

The Hong Kong 2019-20 Budget Summary
The Financial Secretary of the HKSAR Government will provide new resources ready for use of about HKD 150 billion in the 2019-20 Hong Kong Budget, with additional resources earmarked for various purposes.   Read more