Where is the Best Location to Register a WFOE in China?

If you plan to start business in China, to register a Chinese company, WFOE can be a good option for you. For now we can help register companies in Beijing, Shanghai, Guangzhou, Shengzhen, and Hainan. Which city is the best option for your business? Well undoubtedly there are different advantages for different cities.  Here are two pictures for you to make a wise decision. 

WHERE IS THE BEST LOCATION TO REGISTER WFOE IN CHINA？

The below image gives economic comparison numbers of the TOP 4 cities in China.

As you have seen in the economic comparison numbers, each of the first-tier cities has the economic power of entire countries in Europe. Beijing has the economic size of the United Emirates, Shanghai can be compared with the Philippines, Shenzhen with Norway, and Guangzhou with Switzerland. The point here is, the first-tier cities in China cover nearly any industry or technology you can imagine, and you will find hardware not just in Shenzhen, but also in Beijing, Shanghai, and Guangzhou.

The industry focus shown in the image above is the strategic directions of the city governments. Local government will implement a range of policies and initiatives to thrive and make the process of setting up and running a business more efficient and streamlined in the specific industry. These include Corporate Income Tax (CIT) Incentives, access to funding, streamlined registration procedures, and supportive regulations for foreign entrepreneurs. For example, some economic zone in Shanghai provides the registration address for free and provide 30% to 50% CIT and individual income tax refund to attract the startups in preferrable industry.

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