Establishing a wholly owned subsidiary involves several steps:
1. Legal Structure: Decide on the legal structure and jurisdiction where the subsidiary will be established. 2. Regulatory Compliance: Ensure compliance with local laws and regulations, including registration, tax obligations, and employment laws. 3. Capital Investment: Allocate sufficient capital and resources to get the subsidiary operational. 4. Management Team: Appoint a capable management team that understands both the parent company's culture and the local business environment. 5. Operational Integration: Develop processes for operational integration to ensure seamless coordination between the parent company and the subsidiary.