WFOE stands for Wholly Foreign Owned Enterprise – a China registered company which is wholly owned by foreign investors for either individual or corporate.
WFOE is a common business setup by which non-Chinese nationals or non-Chinese corporate entities incorporate a foreign-owned limited liability company in Mainland China. A WFOE is a limited liability company which is wholly-owned by foreign investor(s). The unique feature of a WFOE is no need to involve of a mainland Chinese investor. Unlike most other investment vehicles available for foreigners to utilize to set up a corporate entity in Mainland China.
A WOFE’s registered Address means the address registered in government departments for a WOFE to operate its business officially. The registered address also uses for the registration of the Licenses, Certificates and Articles of a WOFE. The government officers will contact the entrepreneurs by telephone instead of visiting the WOFE location. So, entrepreneurs can register WOFEs in a real office or a virtual address.
No, we can’t use a residential address to register a WOFE. We have to use a commercial address for the registration.
Yes, we can use it. But please make sure the property has an indication for both commercial and residential use in the ownership certificate.
Yes, we can use it. The terms and conditions are the same address is not registered by any other company.
No, we can’t
Advantage for solid office: You can work in your office with the best fit setting and environment. And you can send and receive packages between your business partners.
Advantage for virtual address: The setup cost is low; Good for startup entrepreneur with limited budget.
Disadvantages for solid office: The setup cost is relatively high. If you want to relocate your WOFE, it will be more complicated as you need to find a new registered address and change the registered address of your WOFE.
Disadvantages for virtual address: You don’t have your own office space for you to work in it.
For further information, please contact us.
You may want to read: COMPANY INCORPORATION IN CHINA. WHAT IS A WFOE?