What is the difference between a JV, WOFE and Representative Office?

Put simply, a joint venture (JV) is a company whose ownership is divided between at least one Chinese and one foreign investor. In contrast, a wholly owned foreign enterprise (WOFE) and representative office are both company structures that are fully invested by foreign investors. The main differences between a WOFE and a representative office are the functions that they may perform and their respective cost of establishment. There is no “best structure” but rather a company type that best suits the needs and goals of your business. If you have any further queries about the different company structures, please Contact Us.