What is and How to change a WOFE's Business Scope?

What is and How to change a WOFE's Business Scope?

 
What is a WOFE’s Business Scope?
A WOFE’s Business Scope is a business list for a WOFE permitted to engage in. A WOFE can only engage in the business listed in the Business Scope. So, it’s important for the investor(s)/shareholder(s) of a WOFE to set a proper and comprehensive Business Scope when incorporate.
Some certain business requires special license, like food & beverage, liquor, medical equipment, etc.
 
What if a WOFE engages in business that is not listed in the Business Scope?
The WOFE company is likely to get fined and/or administrative punishment or even revoke of the business license, which means the WOFE is not allowed to do business in China, cease to exist.
 
How to change WOFE's Business Scope?
When the investor(s)/shareholder(s) deem necessary, a WOFE can file application to change WOFE’s Business Scope, add or reduce business scope.
To change a WOFE's Business Scope, 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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Shanghai QiXiang Business Consulting Co., Ltd.

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Contact: Leo Zhang

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Email: leo@wofechina.com

WeChat/WhatsApp: +86 185 1632 9606