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There are two kinds of subsidiary in China for foreign companies: - Representation Office - WFOE: Wholly Owned Foreign Enterprise In the case of a representa
by gommm 17y ago
There are two kinds of subsidiary in China for foreign companies:
- Representation Office
- WFOE: Wholly Owned Foreign Enterprise
In the case of a representation office, employees are hired through a Human Ressource company (eg: FESCO) but not in the case of WFOE (which requires quite a bit more capital to open though: around 45 000$ minimum invested over a period of 2 years in Shanghai)
I'm just starting here, so I'm not exactly sure yet of the limitation of FESCO contracts in term of how much of the culture you can dictate in the chinese office...