+852 3586 2521

The Hong Kong Corporate Services Group
6th Floor, Wyndham Place
44 Wyndham Street, Central, Hong Kong

      +852 3586 2521

The Hong Kong Corporate Services Group
6th Floor, Wyndham Place
44 Wyndham Street, Central, Hong Kong

Wholly Foreign Owned Enterprise (WFOE)

Overview

The Hong Kong Corporate Services Group can assist foreign investors establish their business presences in China. HKCS provides the full spectrum of international business consulting services for clients interested in establishing a business in China and assists companies with their business on the Mainland through business registration, accounting and tax, auditing, and compliance reporting.

Although it is easy to establish a WFOE directly in China, Hong Kong provides international clients the opportunity to use a Hong Kong Limited Company as the “Holding Company” for the China WFOE, thus benefiting from Hong Kong’s rule of law, extensive banking network and providing a safety-net for the parent company.

The Concept of WFOE

What’s WFOE? It is a business entity formed in China entirely with foreign capital. It is totally under foreign control and does not have any formal Chinese ownership participation. For a foreign company to be able to issue receipts, export goods or hire staff in China, it must legally register as a local company such as a WFOE.