![公司设立 [gōngsī shèlì] Incorporation](http://www.davidpetersson.com/wp-content/uploads/2012/04/公司设立-gōngsī-shèlì-Incorporation-150x76.png)
This document outlines the basic requirements and steps required to open a Wholly Owned Foreign Entity (WOFE) in China. The legal definition is Limited Liability Company (有限责任公司).
A Wholly Foreign Owned Company (WOFE) has the advantage of perform business transactions in CNY and exchange profits into USD. It can be expanded to have import/export rights . . . → Read More: Incorporation of WOFE in China