A Wholly
Foreign Owned Enterprise (WFOE) is a Limited Liability Company
established in China by foreign investor(s). A WFOE is very
much like a LLC in the USA that it requires one member only. More
Representative
Offices are also liable for Business Tax and Enterprise
Income Tax. However, a RO could be exempted if its parent company
is in the manufacturing business. More
Any individual who has domicile
in China or who has no domicile in China but has resided in
China for one year or more shall pay Individual
Income Tax on his world-wide income. More
LAWS, RULES AND REGULATIONS OF FOREIGN DIRECT
INVESTMENTS IN CHINA
National Laws, Regulations and Rules Governing Foreign
Direct Investments
Company Law of the People's Republic of
China (revised 2005)