What is the China Representative Office? A representative office in China, abbreviated as a representative office, refers to the local office of a foreign company in China. In China, it is legally prohibited for representative offices to make profits, issue invoices, and engage in trade, which is the main purpose of wholly foreign-owned enterprises or…
Overview of Sino foreign Joint Ventures Although the Chinese government continues to open up various industries to foreign investors, there are still restrictions for foreign companies without joint venture partners in specific fields. However, the Chinese government encourages local companies to collaborate with foreign investors to integrate technology, investment, and management experience, while making it…
What is a wholly foreign-owned enterprise in China? A wholly foreign-owned enterprise (WFOE) is a limited liability company registered in China, wholly owned by one or more foreign investors. This type of corporate entity ensures that foreign investors have complete control over the company and full ownership of its business operations. Establishing a wholly foreign-owned…