Friday, 29 May 2020

Shanghai Divorce and the Legal WFOE Firm



Divorce or the termination of a marital union is never easy for either a man or a woman. Divorce in other words the cancelling of lawful duties and errands of matrimony. Therefore are dissolving the contract of matrimony between the married couples under the regulation of decree of any country.

Divorce allows the woman to marry a new husband and a man to marry a new wife. But it can be a stressful experience affecting living arrangements, finances, parenting and many other things. If the family includes children, they are the ones who are deeply affected by this separation of their parents.

A Shanghai divorce lawyer helps a couple to get their desired wish of being separated in the country of China.

Who can get divorced in Shanghai?

There are three types of married couples who can get divorced:

  •     Divorce between a foreign citizen and a Chinese citizen 
  •     Divorce between two Chinese citizens
  •     Divorce between two foreign citizens now living in China
WFOE- Shanghai legal firm

WFOE is the short form of Wholly Foreign-owned Enterprises. It is a type of Limited Liability Company (LLC) set-up under Chinese law. They are having their office in Shanghai.  They are the legal firm that deals with the cases of divorce in Shanghai and all over China. It is not a joint venture and WFOE Shanghai is completely owned and managed by foreign investors without any involvement from a Chinese partner.  WFOEs are established under Chinese law giving rise to a new “legal person” completely distinct from that of their investors.

A few qualities which are necessary to mention about Wfoe Shanghai

•  It is a very simpler establishment than a regular joint venture establishment.
•  It has complete control over all aspects of the company including strategy, management, major decisions, operations, location and corporate culture.
•  It has the lesser threat of rational Rights of Property infringement than with a joint enterprise establishment.
•  There lies at all no minimal risk of a deceitful or ineffectual associate destructing the business.
• It is much simpler to finish it than a fair joint venture.