Can Foreigners Own 100% of a Company in China?

Yes — in most industries

Chinese law allows a foreign individual or company to hold 100% of the equity of a WFOE in the vast majority of sectors. There is no requirement to appoint a Chinese shareholder or partner, and no minimum local ownership.

Where restrictions remain

A short negative list keeps a handful of sectors restricted or prohibited to foreign investment (for example certain media, telecom and cultural activities). In those cases a joint venture with a Chinese partner, or a different structure, is required. We check your scope against the current list before filing.

Practical notes

• The legal representative may be a foreign individual and can reside outside China
• Registered capital is subscribed in the articles of association, not paid in full up front
• Banks apply their own due diligence and may request the legal representative in person
• Profit repatriation is permitted after tax and statutory reserves