Company type
Wholly Foreign Owned Enterprises (WFOEs)
Information published relating to company officers
No public register of company owners
Accounting requirement
Accounting / reporting is mandatory
Taxation
Tax on Corporate and Personal Income
Legislation
Modern offshore legislation
Standard currency
Chinese Yuan (CNY)
Time to form
Fast : 1 week formation time.
Stability
Very stable jurisdiction
Secretary required
Yes
Paid up capital requirement
No capital required
Basis of legal system
Civil Law
Minimum directors/shareholders
Minimum of 1 director and 1 shareholder.