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Case Studies |
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Wholly Owned Foreign Enterprise (WOFE): Case Studies
BCG has assisted a number of organizations successfully set up WOFE structures in China. Examples include:
1. A world leader in wool fibre innovation and a major global supplier of wool products worked with BCG to establish a USD $30 million processing plant in Southern China, enabling them to be closer to their customers and take advantage of lower operating costs. BCG was contracted to:
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Obtain all the required import / export, processing, and quota licenses |
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Assist with site selection, |
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Undertake WOFE business registration and manage other project related matters including: infrastructure construction, service provision, construction permits, equipment importation and tax matters; |
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Negotiate all the land and utility contracts, |
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Assist in the selection of construction contractors, |
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Arrange for a full Environmental Impact Assessment (EIA). |
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Provide translation services |
2. Since 2005, BCG has aided and Australian industry leader in the design and installation of high-tech irrigation systems, by identifying business and project opportunities in the Chinese market, liaising with local suppliers, manufacturers and technical personnel as well as conducting market research to gain a better understanding of market conditions. On the back of continued business growth, BCG assisted this company to successfully establish a service WOFE in Beijing to allow them to write contracts locally and accept payment in RMB.This involved handling all business licence and registration procedures and providing advise on legal and financial matters.
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