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Wholly foreign-owned enterprises (WFOE)

The approval process for a WFOE is similar to that for a joint venture, except that there is no partner, hence there is no requirement to negotiate the joint venture contract. The basic procedure is:

  • Initial contact with local officials
  • Project proposal
  • Feasibility study
  • Formal application and approval
  • Registration

Whilst not as complicated as the approval process for a joint venture, obtaining approval for a WFOE often requires considerable negotiation. We can assist by guiding the whole process, in preparing the project proposal and feasibility studies and negotiating with the local officials.


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