What is and How to change a WOFE's Business Duration (Extension & Cancellation)?

What is and How to change a WOFE's Business Duration (Extension & Cancellation)?

 
What is a WOFE’s Business Duration?
A WOFE’s Business Duration is the valid time of a WOFE’s existence since incorporation. A WOFE’s Business Duration can be limited duration or unlimited duration, most of them are limited duration.
 
How to change WOFE's Business Duration (Extension & Cancellation)?
Since most WOFEs’ Business Durations are limited duration, when the limited duration comes to expiry, a WOFE should extend the Business Duration to ensure the WOFE’s legal existence.
On the contrary, if a WOFE has served the purpose of the Investor(s)/Shareholder(s) or the limited duration comes to expiry.
The WOFE should file application to cancel it. No matter Extension or Cancellation, we generally call it a change of business duration.
To change a WOFE's Business Duration, the investor(s)/shareholder(s) should pass a resolution and find a qualified agency such as WOFEChina.com to submit legal documents to relevant administration departments.
 
For detailed information, please contact our consultant: leo@wofechina.com.
 
 
WOFEChina.com has successfully helped investors from more than 50 countries (regions) all over the world registered Wholly Owned Foreign Enterprises (WOFE), Joint Ventures (JV), Shanghai Representative Offices (RO), and provide one-stop business solution, including Trademark Registration, Bookkeeping, etc. We have a very skilled consultant team, a set of efficient operation system. We provide high-quality customized services with reasonable price and accurate information, that’s what makes us different.

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Email: leo@wofechina.com

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