GUANGZHOU WHOLLY FOREIGN FUNDED ENTERPRISE (WFOE/WFFE)

OVERVIEW WFIE IN GUANGZHOU

A China WFOE is a business entity formed in China entirely with foreign capital and is under full foreign control and ownership. The WFOE is a Limited liability company wholly owned by the foreign investor(s) .

In Guangzhou China,WFOE was originally conceived for encouraging manufacturing activities that were either export orientated or introduced advanced technology.

WFFE or WFOE gives greater control over the business venture in mainland China and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner. Such problems often include profit not being maximised, leakage of the foreign firm's intellectual property and the potential for joint venture partners to set up in competition against the foreign firm,

However, with China's entry into WTO,these conditions were gradually abolished and the WFFE is increasingly being used for service providers such as a variety of consulting and management services,software development and trading as well.

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