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SHENZHEN IT INDUSTRY WFOE INTRODUCTION

A Shenzhen IT Industry Wholly Foreign Owned Enterprise, popularly known as WFOE in Shenzhen IT Industry, is a company entirely owned by foreign investors based in Shenzhen.

ENZHEN IT INDUSTRY WFOE Main Features

The entity has the structure of a limited liability company and finds its stride in foreign funds. WFOE is the most preferred structure which allows full ownership and control by the foreign investors, making it possible to develop internal structure as well as the privilege to convert the local currency for profit repartition use.

ENZHEN IT INDUSTRY WFOE Main Purpose

The main purpose of a WFOE in Shenzhen IT Industry is to target a vast majority of manufacturing businesses for sales as well as exports and business services.

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