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Wholly Foreign Owned Enterprise(WFOE)– Articles of Association

A critical step in the formation of a WFOE is the drafting of the Articles of Association.  These provide a guide to how the entity will be formed, funded and operated.  The complexity of the document will depend greatly on the size, location and nature of the business. 

The documents required will include, but are not limited to:

Ø       The proposed name and address of the WFOE;

Ø       The business intentions and scope;

Ø       A capital injection schedule;

Ø       The registered capital and total investment;

Ø       Internal organizational structure;

Ø       The duties, roles, responsibilities and powers of management, including the General Manager, CFO, COO and Legal Representative;

Ø       Methodology and systems for accounting;

Ø       Employee requirements;

Ø       Intended period of operation, wrap-up and liquidation procedures;

Ø       Procedures to be followed in the event the Articles of Association are amended.

Simply call or email ChinaFIG for more information.  We are ready to help you develop step-by-step the Articles that will satisfy the Chinese Government Depts., your finance and investment key stakeholders … and enable you to have a clear vision forward of your venture.

Call or email now; info@chinafig.com