FAQ – WOFE registration in China
Definition of WFOE Wholly foreign owned enterprise – is a common investment vehicle for foreign parties (either individuals or corporate entities) to establish a foreign-owned limited liability company in mainland China. The unique feature of WFOE is that the involvement of a mainland Chinese investor is not required, as oppose to a joint venture establishment. Why WFOE · Able to implement the worldwide strategies of the parent company without the complication of having a Chinese partner · Unlike representative office, a WFOE is able to receive and remit RMB to the investor company overseas · Higher operational, management control and future development efficiency · Lower risk of IP leakage (trademarks, patents and others) · Simplified process of establishment and termination Preparation required STAR Accounting & Consulting specialized in helping foreign investors with company formation, finance outsourcing, tax planning, banking, HR & payroll and other relevant services for 13 years. Instead of pulling your hair out to try to figure out how to properly setup a WFOE, having STAR to assist you from beginning to end will save your time tremendously. The only document the investor needs to provide us is: · The original passport of the WFOE investor. Or the passport notarization issued by the local Chinese embassy. · If the WFOE is to be setup by a corporation overseas, the business license required to be notarized by the local Chinese embassy. Read the full article