China Briefing Releases New Wholly Foreign Owned Enterprise Guide

Posted by Reading Time: 3 minutes

Jun. 8 – China Briefing has just released the third edition of its technical guide “Setting Up Wholly Foreign Owned Enterprises in China” – offering an up-to-date reference source for all issues concerning the establishment, administration, and utilization of a wholly foreign owned enterprise (WFOE) in China.

Are you considering investing in China in a manner that allows greater efficiency in management than a joint venture and greater freedom in business activities than a representative office? For these reasons, the popularity of wholly foreign owned enterprises in China has been steadily increasing in recent years; accounting for 77.4 percent of total international investment for the first half of 2010, compared to 27 percent in 1995.

This guide provides a practical overview for any business-minded individual to understand the rules, regulations and management issues regarding establishing and running a WFOE.

This fully inclusive guide covers the following topics:

  • Establishing wholly foreign owned enterprises
  • Pre-investment planning
  • Establishing manufacturing and service WFOEs
  • Establishing foreign invested commercial enterprises (FICE)
  • Full implementing rules and draft articles of association
  • Calculating your registered capital requirements
  • Converting JVs to WFOEs, and establishing WFOE branches
  • Tax and audit obligations
  • Human resource issues
  • Obtaining export tax and VAT rebates
  • WFOE liquidation procedures

Setting Up Wholly Foreign Enterprises in China (Third Edition)” is available on the Asia Briefing Bookstore priced at US$40.

This book is part of a technical series of books on doing business in China, covering such topics as setting up joint ventures and representative offices, tax, IP and many other vital issues for foreign investors in this exciting market.

This guide was also written in collaboration with Dezan Shira & Associates, a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China. For more information on establishing representative offices in China, please contact, visit, or download the firm’s brochure here.

Related Reading
Doing Business in China
Our 156-page definitive guide to the fastest growing economy in the world, providing a thorough and in-depth analysis of China, its history, key demographics and overviews of the major cities, provinces and autonomous regions highlighting business opportunities and infrastructure in place in each region. A comprehensive guide to investing in China is also included with information on FDI trends, business establishment procedures, economic zone information, and labor and tax considerations. Priced at US$40 (PDF)

Setting Up Representative Offices in China (Fourth Edition)
This is an essential, practical guide for any foreign enterprise or business-minded individual to understand the rules, regulations and management issues regarding establishing representative offices in China. This updated edition also includes detailed descriptions of the 2010 regulatory updates which have impacted on ROs.

China Tax Guide (Fifth Edition)
Updated for 2011, this tax guide offers a comprehensive overview of all the taxes foreign investors are likely to encounter when establishing or operating a business in China. It details all applicable taxes, when, where and how much needs to be paid, and contains overviews of China’s tax laws and administration.

Transfer Pricing in China
This book deals with all aspects of transfer pricing in a practical perspective, from designing and implementing a transfer pricing system, to managing China compliance and preparing for an audit.

Intellectual Property Rights in China
From covering protocol for dealing with trade fairs, to the application processes for trademarks, patents, copyright and licensing, as well as dealing with infringements and enforcement, this book is a practical reference for those concerned with their IPR in China.