What Is a W.O.F.E?
W.F.O.E A definition of a W.F.O.E From Wikipedia is a Wholly Foreign-Owned Enterprise (WFOE, sometimes incorrectly WOFE) is a common investment vehicle for mainland China-based business wherein foreign parties (individuals or corporate entities) can incorporate a foreign-owned limited liability company. The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required. Our definition of a W.F.O.E is a little different, and from personal experience a little more human. A W.F.O.E. is a company set up by foreigners in China that is owned and operated only by foreigners in China. From our experience it is a brilliant way to do business in China and not nearly as difficult to set up and manage as some online articles suggest. It is also a great base to send your products or ideas, relatively easily to ready markets both inside or outside China. We can easily help you set up your own W.O.F.E In a relaxed professional way, we will explain the details of the process, answer any questions you have and give you a step by step drones view from start to finish. If your desire is to build a successful business in this vast globally focused opportunity laden labyrinth. Then we will support you from start to successful finish of the set-up process, and beyond. Unlike a Representative Office that is prohibited from engaging in commercial activities, a WOFE can issue invoices and receive revenue from its customers in RMB and can also convert to USD and remit the revenues back to the parent company overseas, if you have one. So, in short, no financial transaction barriers exist for the owners of a W.O.F.E. in China.
Telly Paul Director W.F.O.E We Figure Out Everything “
May you live every day of your life.” —Jonathan Swift