
The Klako Shanghai office handled the application procedure for an overseas client who set up a factory in the Shanghai area. In addition to setting up the Wholly Foreign Owned Enterprise, the client also asked Klako to recruit a General Manager for the China operation. Benefiting from Klako's extensive network in the Asian market, Klako Recruitment Specialists were able to identify three experienced candidates according to the profile outlined by the client. The US management team conducted interviews with the candidates and selected a highly qualified individual for this position. After the factory was operational, the WFOE management decided to hire their own accounting staff to handle the monthly bookkeeping and tax filing. Klako CPAs, however, come in every three months to conduct a thorough review of the WFOE books and tax records to ensure that the accounts are in order and there are no tax filing discrepancies.
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