In the today’s era of globalization, one has to keep his
ears and eyes open in the way to meet with the demands of the customer and to
thrive in this competitive world. Organizations have to work according to his
goals in this changing working environment. They have to consider what will be
the best option for them to increase their business; doing operations within
the same domestic markets or to cover global market by setting a WFOE in foreign
country. You can also set a wholly owned foreign entity in shanghai to utilize
the several benefits associated with it.
Wholly foreign owned enterprise is a type of limited
liability Company which is established by the foreign entity. It’s getting hype
in shanghai among all the other preferable modes of business presences. The main reason behind the success of the
wholly owned foreign entity is whole control of the foreign entity over the
operations without any interference of the local person from shanghai.
It has proven as a
great mode to increase efficiency in operations and getting benefit of several
activities such as complete protection of intellectual property rights, full
control in human resources and numerous other activities for those organizations that have a dream to increase themselves. In shanghai, while registering as a WFOE you needs to comply with various norms provided by shanghai
authorities, some of them are, approval related to business purposes, minimum registered
capital, taxation and a lot more.
Undeniably WFOE Shanghai does have the power to
add on the sales and revenue of the organization.
