WFOE in China
A wholly foreign owned enterprise (WFOE) is a limited liability company that is owned exclusively by the foreign investor(s) within Chinese territory. They do include branches that are established in China by foreign enterprises or other foreign economic organizations. The services industry, including a variety of consulting and management services, software development and trading services, tend to use WFOEs.
Advantages of WFOEs
- Establishing a WFOE allows the independence and freedom to implement strategies of the parent company without having to consider the involvement of a Chinese partner.
- WFOEs are able to formally undertake business, rather than just functioning as a representative office.
- Invoices are able to be issued to customers, and revenues can also be received, in Renminbi (RMB).
- Profits can be converted from RMB to USD for remittance to the parent company outside of China.
- Greater efficiency in operations, management and development of the company.
- Complete control of human resources.
- Protection of intellectual knowledge and technology.
- Import/export license is not required for company’s own products.
China’s entry into the WTO has meant that an increasing number of businesses are now open to a WFOE, especially in businesses relating to trading, wholesale and retail.
To find more about other popular ways of Incorporation in China please visit
Joint venture in China Read more
Representative Office in China Read more
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- GMG Company established in China since 2006, during past 7 years we helped more than 1500 companies successfully established business here.
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