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WOFE

CATEGORY

Corporate Governance and Incorporation

Definition

WOFE (Wholly Owned Foreign Enterprise) is a type of company registered in China, which is entirely owned and controlled by foreign investors. Unlike other business structures in China, such as joint ventures, WOFEs allow foreign investors to own 100% of the company's capital without the need for a local partner. WOFEs are often used by foreign companies to establish a direct commercial presence in the Chinese market.

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