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SHENZHEN IT INDUSTRY WFOE Registration Overview

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.

Business Scope

It is advisable to fully comprehend the interpretation of these categories. In China, Business scope of a business is a "one sentence description" covering all of the present and future activities of the WFOE; it is essential this encompasses every envisaged scope of future activity. The WFOE can only conduct business within its approved business scope, which ultimately appears on the business license. One of the most important issues in WFOE application is business scope. Any amendments to the business scope require further application and approval. Business scope of a company in China is not as broad and general as in other countries. Generally business scope includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting, manufacturing, etc.

Memorandum of Association

Article of Association is Company Rules in China and it will mention exactly how a WFOE can operate, the official version of Articles of Association must be in Chinese. 

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