Specifications: If you would like to start out your manufacturing business in China and want to set up a factory to manufacture your own products, you will need to consider to establish a wholly foreign owned enterprises (WOFE). A WOFE is a wholly owned foreign enterprise which the foreign investors can have 100% control and enjoy all of its profit in this subsidiary in China. This is a limited liability company with legal status in China. Business Scope of WOFE\'\'s are narrowly defined in their application and business licenses. In some of the province, a minimum amount of registered capital (Normally USD120,000) is required for the set up of a WOFE. The established WOFE will be entitled to certain tax exemption on both income tax and custom duty and an annual tax filing with the submission of audited financial statement are compulsory for all WOFE setting up in China. The general licenses terms of a WOFE will be ranged from 10-30 years. And depending on the nature of industry, certain specific government code will need to be apply for the application before the licenses will be granted during the set up application procedures.