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China WFOE Legal Status

Update Date:2019-11-8 17:22:54     Source:www.3737580.com     Views:431

China WFOE Formation
Hotline: 86-755-82143410, Email:2355725105@qq.com

China WFOE is also called at China Wholly Foreign Owned Enterprise, China WOFE, China Foreign invested Company, China business registration. 

 

A China Wholly Foreign Owned Enterprise (China WFOE) is an independent China legal entity registered with only foreign capital under the laws of China. The Board of directors (if any) and legal representative are appointed by the foreign parent company. The WFOE is governed by the China company laws and regulations. The WFOE is similar to a limited liability company in Hong Kong. Legally, the minimum capital to be registered can be as low as USD15,000 (RMB100,000). However, the registered capital is usually much higher than this. The registered capital is dependent upon the WFOE type (business scope) and other practical reasons.
 

Please however do not take limited liability as a granted. If the owner of the company abuses (such as performing fraudulent acts) the limited liability status, this legal form can be taken away.
 

Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.shenzhen-company.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82148419 or 86-755-82143512 or emailing to info@citilinkia.com.

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