Staffing in China: a challenge for foreign companies
The long lockdown that recently ended in Shanghai, and the stringent quarantine policies in China, have challenged most companies and business professionals. The restrictions led many businesses to reconsider their presence in the Country.
Foreign companies, still willing to catch present and future opportunities in one of the largest markets in the world, face the challenge of hiring and retaining their key employees, especially if expatriates.
In these market conditions, companies can benefit from focusing their resources on their core business, while outsourcing administrative and finance functions. In China, Fidinam provides not only the traditional compliance services, such as accounting, tax filing and payroll preparation, but can also dedicate a Senior Manager acting as CFO or Financial Controller on behalf of the client.
Outsourcing CFO services, as well as Financial Supervision services give businesses access to financial experts with a wide range of experiences committed to keeping up with best practices in the field. It also provides business owners with the flexibility to access that expertise as needed, rather than committing to a full-time in-house resource.
For many different companies, there are several scenarios where outsourcing CFO services or hiring an external CPA is the best way to address challenges that business owners face. Circumstances that call for these kinds of services are varied but can include the following scenarios:
Now what can an outsourced CFO or external CPA really bring to the table? Here below are some of the aspects and tasks that these professionals can help you with: