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| Reference: 外資独資企業 Reference information: http://en.wikipedia.org/wiki/Wholly_Foreign_Owned_Enterprise "Wholly Foreign Owned Enterprise The Wholly Foreign Owned Enterprise, abbreviated WFOE, is a common investment vehicle for mainland China-based business. [1] The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles. [1] WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds. This can give greater control over the business venture in mainland China and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner. [2][3] Such problems often include profit not being maximised, leakage of the foreign firm's intellectual property and the potential for joint venture partners to set up in competition against the foreign firm. However, WFOEs often have difficulty building up the necessary personal relationships or 'guanxi' which are of great importance in conducting business in mainland China.[2][3]" |
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