The main features of this registration include:
Wholly-owned: The parent company holds all the shares of the subsidiary company and has absolute control over the subsidiary company.
Independent legal person: subsidiaries are legally independent legal persons and enjoy independent legal status.
Limitation of liability: the liability of a subsidiary is usually limited by its registered capital or other agreements, and the liability of the parent company usually does not extend to the subsidiary.
Operating independence: subsidiaries have independent operating rights and can make decisions and operate independently.
Supervision obligation: The parent company usually has the supervision obligation to the management and operation of its subsidiaries, but does not interfere with the daily business activities of the subsidiaries.
Choosing a limited liability company or a joint stock limited company as the registration type of a wholly-owned subsidiary invested by a legal person depends on the specific needs of the company, national laws and regulations and investment strategies.
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