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Foreign representative offices Overview
foreign-invested enterprises established in China is a representative body on behalf of the parent company in the domestic business contact agencies. Foreign institutions are not so representative of an independent legal entity. It should be noted that foreign representative bodies should not direct the nature of the profitable commercial activity. For example, it should not enter into any purchase and sales contracts, can not receive services income should not invoice, remittance to the outside. However, foreign representative office can open a bank account, with staff to achieve their business contact purposes. Its corporate headquarters with foreign customers on behalf of institutions and supplier contracts, but only the name of the company headquarters, rather than the name of foreign representative offices.
It is much convenient for foreign investors to set up a foreign representative body in China to have a better understanding of Chinese market conditions, which is also a good way for those who will set up joint ventures or wholly foreign owned enterprises as the enterprise’s developments.
Webond corporation Ltd can assist you to establish a representative office in Guangzhou.
If you have any enquiry, please don’t hesitate to contact us,it is our honour to provide you with useful information.