When setting up a business in China, creating a Wholly Foreign-Owned Enterprise (WFOE) is a fundamental action. A WFOE is a limited liability corporation that is completely owned by foreign shareholders and offers a suitable legal structure for carrying out commercial activities in China. Although the formation procedure is quite simple, there are many regulations and specifications that must be followed, and it is not easy for foreign companies to comprehend this process without obtaining professional support.
To simplify the process of establishing a WFOE in China, We at Sapience Pro have created the WFOE 2023 Guide. This complete guide furnishes step-by-step directions and tips for constructing a WFOE in China, and it covers all essential stages of the formation process, from selecting the company type and address to enrolling with the applicable government agencies, obtaining required licenses and permits, and we included practical advice based on our decade of expertise in the industry. This WFOE 2023 Guide is designed to help companies understand the requirements and regulations they must meet to establish a successful WFOE in China.