German Fintech General Manager Deployment in Shanghai
China
Challenge
A fast-growing German fintech firm needed to deploy its General Manager in Shanghai while awaiting WFOE approval. The company needed immediate market entry capabilities but faced the typical challenges of slow WFOE setup processes, which could take 6-12 months, and wanted to avoid the high costs and legal complexity associated with establishing a local entity.
Solution
HROne provided Expat Employer of Record (EOR) services that enabled the GM to obtain his Z visa within 30 days. The solution included full visa sponsorship, legal employment contract compliance with Chinese labor law, payroll and tax filing with salaries processed in RMB and income tax filed monthly, social insurance coverage including healthcare, housing fund, and pension, and ongoing HR support for annual renewals, policy guidance, and visa updates.
Results
The GM was able to start managing local clients immediately after receiving his Z visa. The company successfully delayed WFOE setup by 12 months, saving significant cost and legal complexity while maintaining full compliance. This resulted in successful market entry, a satisfied expat employee, and complete regulatory compliance.
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