WFOE Deregistration

General information on the company

Company X was training individuals as support workers for other companies. The Chinese government invested a lot of money into the company, giving them grants and loans, as an incentive to set up in China. The process to recruit and train the support workers was time-consuming and expensive, eventually after several years the company decided to shut down after not seeing enough returns for the time it had invested.

This article was written by  and published on PTL Group. Original Post: http://www.ptl-group.com/blogs/en/wfoe-deregistration      

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