Shanghai, China
Saturday, September 4th, 2010 | Travel
As the most populated city in the most populated country in the world, Shanghai is well-known for dubious reasons. Bursting at the seams with a population of over twenty million people, this city is easily among the largest on the face of the planet. Like many port cities, the sheer enormity of Shanghai is only a recent development as, prior to the twentieth century, this hulking behemoth of a metropolis was simply a quaint fishing town at the mouth of the famed Yangtze River. Around the time ...› Continue reading
china cell phone from agoodic
Friday, September 3rd, 2010 | Business
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Advantage of using Hong Kong Company to apply for WFOE in China
Thursday, September 2nd, 2010 | Business
Introduction of Hong Kong Company ("HK") Hong Kong, officially the Hong Kong Special Administrative Region is one special administrative regions of China. The territory lies on the eastern side of the Pearl River Delta. Hong Kong was a dependent territory of the United Kingdom from 1842 until July 1, 1997. Under the policy of "one country, two systems", the Central Government is responsible for the territory's defence and foreign affairs, while the Government of Hong Kong is responsible for its ...› Continue reading
China Joint Venture Company Formation In ShenZhen
Wednesday, September 1st, 2010 | Business
Joint ventures with Chinese companies offer one of the most effective ways for western companies to tap the massive China market. In a sino-foreign joint venture, the Chinese company usually brings the labour, land use rights and factory buildings, while the foreign company delivers the necessary technology and key equipment, as well as the capital. If the joint venture is based on a cooperative contract in which issues like the terms of cooperation, the allocation of earnings, the ownership of ...› Continue reading
Set Up China Wholly Foreign-Owned Enterprise (WFOE) in ShenZhen
Tuesday, August 31st, 2010 | Business
OverviewThe Wholly Foreign-Owned Enterprise (WFOE) is one possible business structure that can be used by foreign investors to register and license a business in China. The WFOE is a limited liability company (liability is limited to the amount of the registered capital) that is 100% owned by foreign investors. WFOEs were originally conceived to encourage manufacturing activities that were either oriented towards exporting products or that introduced advanced technology into China. However, ...› Continue reading
Incorporate China Wholly Foreign Owned Enterprise (WFOE) in ShenZhen
Monday, August 30th, 2010 | Business
The Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China's entried into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and ...› Continue reading
Guideline to China Business Registration in ShenZhen
Sunday, August 29th, 2010 | Business
More and more international SME are setting up their own presence in China in order to source products/services directly from China or enter the Chinese market. However, given the alien nature of local regulations and business environment in China, it is critical to be proactive and fully prepared before you take the strategic move to set up your own presence in China. Here are some 'must-knows' before you set up the business in China: 1.You have more than one option for a local presence in ...› Continue reading
Company Formation In ShenZhen China
Saturday, August 28th, 2010 | Business
Types of business presence in China: Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of four modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Joint Venture and Hong Kong compan Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor. WFOE requires registered capital and it's liability of equity , can generate income, pay ...› Continue reading
Avoiding tax problem for Representative Office formation in china
Friday, August 27th, 2010 | Business
A Chinese Representative Office (RO) may be the easiest and the cheapest way to establish your firm's presence in China. However there are some traps which you should be aware of before and after the RO's set up. Firstly, non-payment of taxes is a serious matter in China. A RO may overlook in paying the relevant taxes and the tax bureau deemed the tax payment responsibility as the RO's and will not provide notification. All ROs are generally subjected to Foreign Enterprise Income tax (FEIT) and ...› Continue reading
Disadvantage For Registration of Representative Office in China
Thursday, August 26th, 2010 | Business
Chinese foreign investment law does not permit a Representative Office to carry out direct business activities. It is limited to activities such as market research, product promotion, and liaison. It may not charge fees for its services or engage in profit-making activities such as direct sales or marketing. A Representative Office should take special care when performing the following activities: Billing Procedures: A Representative Office may neither collect money for its parent company nor ...› Continue reading