What is the nature of a wholly legal person company in Taiwan, Hong Kong and Macao?

Legal analysis: Taiwan, Hong Kong and Macao are wholly foreign-owned enterprises. Foreign-funded enterprises are the symmetry of "domestic enterprises". Refers to enterprises established in China by foreign investors in accordance with the relevant laws and regulations of China, and the state encourages the establishment of foreign-invested enterprises with export products or advanced technology.

Legal basis: Law of People's Republic of China (PRC) on Foreign-funded Enterprises.

Article 2 The term "foreign-invested enterprises" as mentioned in this Law refers to enterprises established in China with all their capital invested by foreign investors in accordance with the relevant laws of China, excluding the branches of foreign enterprises and other economic organizations in China.

Article 3 The establishment of a foreign-funded enterprise must be conducive to the development of China's national economy. The state encourages the establishment of foreign-funded enterprises whose products are exported or whose technology is advanced.

Industries in which the State prohibits or restricts the establishment of foreign-capital enterprises shall be stipulated by the State Council.