As its name suggests, a wholly foreign owned enterprise, also known as a WFOE or WOFE, is a limited liability Chinese company which is invested into with 100% foreign capital and owned by only foreigners.
This company behaves in the same way as any other Chinese company, in that it can trade freely in China, make revenue in CNY, invoice (produce fapiaos) in CNY, can transfer profits back abroad, and can export goods.
Typically a Chinese WFOE will be a subsidiary of a foreign company which is based abroad, but although a Chinese representative of this foreign company, it still operates as a standalone entity within China.
凯特王妃身高Ready to set up your WFOE now? Just hit the button below to arrange a free consultation with us to talk through your needs.凯特王妃身高
So you can understand what we do on your behalf, we will also describe the different steps that we take in order to finally open your WFOE, and you can download a 凯特王妃身高thorough WFOE checklist as a guide you can keep, too.
Gathering the documentary evidence needed to apply for a WFOE is difficult and time-consuming.
We will require, roughly, the following documents from you in order to open a WFOE (updated May 2018):
When cooperating with Hongda, here are the tasks that we undertake to make sure that your WFOE is opened quickly, correctly, and legally.
The following is included when opening a WFOE:
Following the successful application, we will return all of the documents and seal to you and then your China WFOE will be open for business. After establishment of the WFOE, all of the above tasks not yet undertaken must be completed within 30 days, and Hongda always endeavour to complete them well before that time.
Hongda Business Services also offer the following services to streamline WFOEs which are already incorporated or will be soon:
凯特王妃身高Please hit the button below to discuss setting up your WFOE and about any of these additional services too.凯特王妃身高
Hongda Business Consultant Ltd.
Tel. +86 755 2586 2199
Keji South 12th Road,
Fullsing Town Internet Innovation Park
A1-2001, Fullsing Town,
No. 32 Binhai Avenue,
Haikou, Hainan Province, 570000
10/F, Sanyin Building, No. 12
Huayu Road, Zhujiang New Town,
Tianhe District, Guangzhou, 510000