Chairman of the Board of Shanghai WFOE

Chairman of the Board of Shanghai WFOE Service

Shanghai Hotline: 021-68877368

Chairman of the Board of Shanghai WFOE, Chairman of the Board, director, has the same duties, that is the highest leadership of the board.

The Definition
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. However, after China's entried into the WTO, these conditions were gradually abolished and 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.

Advantages of WFOE
The advantages of incorporation a WFOE, cocmpared 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.

Chairman of the Board of Shanghai WFOE
1、Shareholder:one or more than one 18 years old foreign natural or legal persons(inculd hongkong,macao and taiwan)
2、Director :can be foreign or chinese;
3、Supervisor :whether Chinese or foreign can hold this position, if only one shareholder, should also provide supervisor).

Contact Us
Please do not hesitate to contact us by calling：86-21-68877368, or email: hkcfm-shanghai@163.com.Please feel free to visit our website at: http://www.tannet-group.net/.and you are welcome to our office : Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai