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Home / China / Grassroots / Economy
Foreigners & local Chinese firms
Chris Devonshire-Ellis - Dezan Shira & Associates, 02-01-2013

BEIJING - One of the prevailing issues concerning corporate establishment in China is still that of small consultants suggesting setting up a local Chinese company as a vehicle for a foreigner to get started in China. By a domestic Chinese company we refer not to a foreign-invested commercial enterprise (FICE), Wholly Foreign Owned Enterprise (WFOE), or any of the foreign-invested vehicles, but to the practice of setting up a local company with Chinese directors and shareholders, with the foreigner effectively believing he is running the show. It is a false assumption....

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