Sunday, 30 March 2014

Role of WFOE shanghai law firms in China

Most of the lawyers in china work for law firms that are a wholly foreign owned enterprise which is mainly known as WFOE. WFOE Shanghai-Attorney law firms work on the principle of common investment for mainland China based businesses in which corporate from abroad can incorporate an internationally owned limited liability company as involvement of a mainland Chinese investor is not needed. However, you don’t get that much of support from Chinese government when we compare it with local companies. Considering that this is not the case in every country for a company that is being mainly financed from abroad.