China


Foreign managers and business owners can be appointed and receive work and residence permits with their families as well as the appropriate visas.

A Foreign invested company (WFOE)  or Foreign Representative office are eligibleto hire foreign staff, apply for resident permit in China as long as the staff meets some of the requirements.

Wholly Foreign Owned Company (WFOE)

The Wholly Foreign Owned Enterprise (WFOE or WOFE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology.  The WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well. With that, any enterprise in China which is 100% owned by a foreign company or companies can be called as WFOE.

WFOE has great potential in China as companies seek new markets, executives say that by 2014 China will be the world’s top investment destination.

Different Types of WFOE
WFOE only is allowed to manufacture  in China. We can say it's manufacturing WFOE.
WFOE is allowed to do Consulting & Service, we call them Consulting WFOE.
WFOE is allowed to do Trading, Wholesale, Retail or Franchise in China, we call them Trading WFOE or FICE (Foreign-Invested Commercial Enterprise).


Advantages of WFOE
The advantages of incorporation a WFOE, compared with other types of enterprises, include, but not limited to:
Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to their customers in RMB and receive revenues in RMB;
Capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
Protection of intellectual know-how and technology;
For Manufacturing WFOE, no special requirements for Import / Export license for its own products;
Full control of human resources;
Greater efficiency in operations, management and future development;
To learn more about the registration procedures, please contact us & our highly professional staffs are always available to answer any questions you may have .

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