England Logistics gains
WFOE status in China
Jan 25, 2010 9:07 AM
Third-party logistics (3PL) provider England Logistics has been granted status in China as a Wholly Foreign Owned Enterprise (WFOE) with a license to provide international freight forwarding services. This status allows the company to fully operate in China without requiring agents or joint ventures.
“We are excited about this new status for our China operations,” said Josh England, president of England Logistics. “This will now offer us greater opportunities to serve customers who are seeking a partner in China to help them move products into or out of the country. This is a critical next step for us to become a logistics leader in China.”
England Logistics has established offices in Shanghai, Ningbo, Qingdao, Dalian, and Tianjin that interact with its global network of offices. With the WFOE status, England Logistics will expand services in supply chain consulting, ocean and air international freight forwarding, and special projects cargo. Companies that can benefit from England’s capabilities in China include those whose supply chains involve sourcing from, distributing to, or moving product between points within China.
The WFOE is a common investment vehicle for mainland China-based business. Involvement of a mainland Chinese investor is not required unlike most other investment vehicles. This can give greater control over the business venture in mainland China and avoid problems that can result from dealing with a domestic joint venture partner.
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