Wholly foreign-owned
enterprises (WFOE)
The
approval process for a WFOE is similar to that for a joint venture, except
that there is no partner, hence there is no requirement to negotiate the
joint venture contract. The basic procedure is:
- Initial
contact with local officials
- Project
proposal
- Feasibility
study
- Formal
application and approval
- Registration
Whilst
not as complicated as the approval process for a joint venture, obtaining
approval for a WFOE often requires considerable negotiation. We can assist
by guiding the whole process, in preparing the project proposal and feasibility
studies and negotiating with the local officials.
Download
PDF "Establishing a WFOE in China"
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