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My wife is Chinese as well. She manages our China company. We're registered as an IT company. Its not a WOFE, but a full Chinese entity with only Chinese sha
by jhancock 16y ago
My wife is Chinese as well. She manages our China company. We're registered as an IT company. Its not a WOFE, but a full Chinese entity with only Chinese shareholders, which has some benefits. I'm the General Manager of the company.
Good luck with your business. I do recommend getting a company in order as soon as you can afford it. For the most part, so long as you are not cheating the tax man, you can get away with operating without proper company structure for a while. Also, when you do setup a company...shop around different districts for tax deals. Some districts in Shanghai, for example, may give you a lower tax rate to encourage your type of business. IT is usually a preferred business type.
- vorg 16y agoTax breaks here can be meaningless. One city gave a tax break on profits for the first (I think) three years in new businesses set up by foreigners. Hey, any business that can make money within 3 years is already being done by locals.