Category Archives: Uncategorized

MNC’s in Need of Local Talents – Specialised Advice by CWIIL Group

Multinational corporations in China are increasingly looking to hire local talents with fluency in English as they are seeking to close the culture gap with local customers, according to human resource agency ZW HR Consulting.

Concern about culture gap with local Chinese population has urged many MNC’s to attract, develop and retain local Chinese talent who fit in key functions such as sales and marketing, customer service and regional roles, which all require proficiency in the English language, the Asia-based headhunting company said.

“We have recently noted that more MNC’s based in China have begun to reduce the number of foreign staff, especially in management-type positions, shifting focus to the local market,” said Joyce Jing, general manager of ZW HR Consulting.

Among the most sought-after professionals by MNC’s are Chinese candidates who can understand local needs, manage large teams and work with staff based in global headquarters while are fluent in all aspects of English including reading, writing and speaking, according to the consulting firm.

Citing ZW China Salary Guide for 2015, Jing said right candidates who are looking to change jobs are able to command salary increases of approximately 20 to 30 percent due to the limited talent pool.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advise and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

For Queries Specific to China :
Email: china@cwiilgroup.com , hq@cwiilgroup.eu
Web: www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Dell to Invest US$125 Billion in China by 2020 – Investment Advice By CWIIL Group of Companies

Dell Inc will invest US$125 billion in China over the next five years, a record high investment in its second biggest regional market globally, on supply chain, sales expansion and product innovation.

Besides the US$125 billion investment by 2020 , Dell will introduce fund Dell Ventures into China for the first time to support innovation and establish a cooperation with Kingsoft to offer cloud computing service in China. The company called the new strategy as In China For China.

“The Internet is the new engine for China’s future economic growth and has unlimited potential,” said Dell’s chief executive Michael Dell during his visit to Shanghai today. “China has influenced the world’s economy in a big way already.”

Dell has more than 8,000 employees and three manufacturing facilities in China since it entered the domestic market in 1995.

China is “critically important” for Dell as more than 65 percent of Dell products, including personal computers, servers and monitors, sold globally are produced in China. With the US$125 billion investment in China, Dell is expected to contribute US$175 billion to China’s imports and exports and creating 1 million jobs in the world’s second-biggest economy.

Dell fully supports and embraces China’s Internet Plus national strategy, it said. For example, Dell and Kingsoft, whose investors include Xiaomi’s CEO Lei Jun, signed a strategic partnership agreement on big data and cloud.

China’s Internet Plus strategy is in line with Dell’s business transform focusing more on business services such as cloud from focusing on sales of PC. The development of Chinese dot-com firms will also boost Dell’s sales of servers, analysts said.

Meanwhile, Dell will greatly expand distribution channels in China from about 11,700 stores now. It will open an end-to-end research center specifically for Chinese customer demands.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advise and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

For Queries Specific to China :
Email: china@cwiilgroup.com , hq@cwiilgroup.eu
Web: www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

How To Manage Offices and Supplies in China

Office Space

Before you begin searching for an office in China, you should decide what type of property will facilitate your business needs.

Serviced Offices

There are numerous reasons why a business will choose a serviced office when starting a business in China, but perhaps the most important is flexibility. The problem with conventional leases is that a company is then tied to a particular office, and no-one wants their business needs jeopardised by obligation. During the lifetime of a lease, the requirements of a company are subject to change, and adjustments aren’t often possible without incurring big fees, delays and unwanted administration problems.

A serviced office in China gives a company the freedom to expand or downsize itself as business dictates, allowing for instantaneous use and no long-term obligations. In the fixed price, this form of office accommodation often provides all inclusive servicing too. This can include furnishings, maintenance, staffed reception, and office equipment.

It is a traditional way to accommodate your business and is arguably the most cost-effective. Small and start-up businesses, in particular, benefit greatly. It enables them to set-up quickly, affordably, and with no long-term commitment (use can be as little as week-by-week or month-by-month). It is sometimes possible to move into your new office with 24-hours.

Another invaluable aspect of the service is ongoing IT support in China, especially for those companies without in-house techies. The amount of support will vary from each serviced office, but a little research will help you find the right package.

All together, a serviced office is a very attractive alternative to leasing, offering the realistic flexibility a twenty-first century business requires, as well as affordable and transparent costs.

Leased Offices

Leasing is another traditional method of acquiring office space in China. If your office needs to house many employees and you’re sure that the business will be comfortable in an office for the duration of a lease, then it may be the best option. It is best to seek advice, because it is a big commitment, and does not allow for flexibility; it restrains spontaneous business plans, such as downsizing or expansion, and does not cater for sudden financial requirements.

Leasing also gives you a chance to customise your office space, and ergonomically enhance it for the benefit of employees. You also have more flexibility in choosing a suitable location for your company, which can further solidify your reputation as a company, especially if it is based in a renowned industry area.

Virtual Offices

Virtual office is a term used to describe shared office services in China, which typically includes a business address, telecommunication services, and meeting facilities. Virtual offices usually benefit companies wanting a low-risk alternative to leasing a traditional office; testing a new product or service; downsizing from an old, traditional office space; wanting a reputable business address, or one that complies with government regulation; needing ongoing support, such as answering services.

To establish a virtual office in China, all participants must have an internet-ready computer or laptop, which meets software needs and has access to the necessary professional / industry requirements.

Another benefit to the virtual office is setting an individual schedule, which may not seem good at first, but many workers have stated that productivity has increased once they had adapted.

Office Supplies

All businesses need to use office supplies and equipment. There are hundreds of different types, from small items like pens and paper to large long-term items like computers, furniture and safety equipment. The majority of these are fundamental to daily business operations. Effective management of office supplies can save money, as well as help to keep it running smoothly.

There are a few ways to obtain office supplies, but the most common methods are from retail outlets, online outlets, mail order, or even through a purchasing company. If you can’t find a reliable supplier overseas, many companies will be happy to deliver internationally. This may be a perfectly viable option until you find something more locally suited to your company. Many companies will be happy to help you make suitable choices, especially in relation to ergonomics.

Retail Outlets

You will find many local shops that can help you in China. Buying your office supplies from a shop means that you can physically see what you are buying before you buy it. Retailers commonly sell equipment at a standard price as they are aimed at smaller businesses and individual customers. However, some stores can offer bulk or business discounts.

Online

Recently, the number of online office supply firms has increased remarkably. There are many office supply firms that sell specifically via online and telephone orders. Online retailers are invariably cheaper than shops. However, if you are uncertain about an item you are buying, there is no way of actually physically examining it. You will only have the retailer’s description and photographs to go by.

Mail Order

Many firms let you to buy office supplies by mail order or telephone. A lot of them will have catalogues that show you all of the products they sell. Mail order costs are invariably less expensive than shops. However, like online buying, if you are uncertain about an item, there is no way of actually examining it apart from the retailer’s description and photographs provided.

Purchasing Company

These companies are third-parties that buy supplies on behalf of your company. As opposed to manually ordering equipment from an office supplier, you inform the purchasers what you need and they will acquire and charge you for the service.

This can save a lot of time, and it also means you can receive regular invoices. You can also get feedback on the amount of supplies you are using, and the company can recommend alternatives or bulk buys that can save you money. Also, the advice they offer can be invaluable if you are purchasing something which you are unfamiliar with.

This can prove a little more expensive because of service charges, but, in the long run, you will be saving money and time on bulk-buy discounts, etc. Below is a quick check list to refer to :

Desk supplies :

  • Pens
  • Pencils
  • Markers
  • Highlighters
  • Paper clips
  • Tape
  • Elastic bands
  • Erasers/Correctors
  • Stamps pads
  • Ink

Paper products :

  • Notebooks
  • Writing pads
  • Post-It notes
  • Message pads
  • Printing paper
  • Copy paper
  • Fax Paper
  • Graph paper
  • Flip sheets

Filing supplies :

  • File folders
  • Pockets folders
  • File labels
  • Index dividers
  • Tabs

Mailing supplies :

  • Letter envelopes
  • Padded envelopes
  • Shipping paper
  • Shipping labels
  • Bubble wrap
  • Sealing tape

Computer / printer supplies :

  • Ink cartridges
  • Disks
  • CD ROMs
  • Time tracking supplies

Time / Scheduling supplies :

  • Calendar
  • Refills for planner
  • Time sheets
  • Scheduling board
  • To-do lists

Binding supplies :

  • Stales
  • Clamps
  • Fasteners
  • Glue
  • Binders

Identification supplies :

  • Price tags
  • Name badges
  • Labels

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Consulting CWIIL Group of Companies, for any / all matters relating to your business startup, ensures advise based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable business advice can be disastrous and thus should be avoided.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This kind of group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries or to Request a Personal Quote Feel Free to Contact :

For Queries Specific to China :
Email: china@cwiilgroup.com , hq@cwiilgroup.eu
Web: www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

 

 

 

How To Start Import / Export Business From / To China

Exporting should be a natural step for any successful business. It not only abates reliance on your indigenous customers, but also allows for greater market reach and profit. But, as with most things in business, the theory is easier than the practical. Exporting can pose an entirely different set of problems than your business is used to.

The advantages of importing goods from China may be : quality as well as price, and often simply by importing goods from different markets you will find goods that are simply not available in your home market. Unless you know the country of origin extremely well, it is a good idea to engage the services of an expert, who can help you with initial product sourcing (including due diligence), warehousing , shipping and import regulations.

Starting a business in China without any contextual knowledge can often lead to expensive errors. Fundamental to success, is a comprehensive analysis and research of your intended market. Your polar findings will be either an overwhelming or underwhelming response to a product or service, and it’s probably better to know this before parting with reluctant sums of money.

Naturally, you need to think about people. You need to think about places. You need to contextualise your product or service socioeconomically. Who will be buying your product? Can they find an easier or cheaper alternative? Who’s your competition? What’s the market situation in China?

And it’s not just the basic relocation issues and protocol you have to consider. It’s pragmatics such as your route to market in China, logistics, regulation, barriers, tariffs and suppliers too. Many will differ vastly to your accustomed practices.

Planning & Preparation

In preparing to export your goods or services, you must not just assess, but scrutinise your potential, and prepare for the worst. This doesn”t mean you have to negate all optimism; just don’t get consumed by it.

These are the market essentialities to examine :

  • Structure of industry
  • Demand for your product or service
  • Your competition and how your company will forge itself alongside it
  • Acclimatisation – alterations your company, product or service may have to adapt to

Next is the process of market entry in China, which will always seem simpler on paper. Your main considerations will be :

  • A market strategy that, if needed, acknowledges international trade development
  • Financial resources and backing
  • People, and how they can help develop your product for export / a new market
  • Erudition in local requirements: packaging, pricing, labelling, etc
  • Again, erudition, but in the costs and payment procedures of exporting
  • Some of these factors alone may establish an unsuitability for your intended market, so research them thoroughly.

Next, is your product cut-out for export? Think about :

  • The standards and regulations of products in your overseas market
  • The fees involved with altering your product, service and company for a foreign market

Selling & Distribution

To improve the chances of overseas success, you need to consider a few key issues. Sales presence, for instance, should be a top priority. Will you sell directly? Will you trade over the internet? Perhaps trade shows are more suitable? Could you benefit from a local partner who knows the market? Here are a few fundamental choices :

  • Get yourself a distributor who can sell on a local or national level
  • Sales agents can either sell a product for you, or alternatively acquaint you with potential clients or customers
  • Joint ventures with local companies have gained in popularity, primarily because of their knowledge and established presence in the market. It is often a pricey option, however
  • Of course, you can also set up your own office, ensuring maximum control on all operations. This is obviously the most expensive of all your options

A few things to remember. Firstly, when drawing up any contracts with agents or distributors, it is imperative to unequivocally define obligations such as delivery and payment.

Next, your intellectual property (IP) may be jeopardised if it is not declared in each foreign country. This can often be a laborious process, so be prepared. Remember that patents are generally recognised only in their country of origin.

Marketing

It’s no point squeezing a product or service into a new market with the shoehorn of indigenous merit. Your product or service must adapt, refine, alter, acclimatise, tailor and fashion itself to a market, not rely on some fatalistic hope of simply “fitting in.” Products are more pliable than people.

As aforementioned, the necessity to contextualise your product or service socioeconomically can’t be overstated. It will be a paradoxical balance of market sensitivity and exploitation. Does your product require a drastic change to its image? Can it be changed to flatter a national idiom?

Legal Obligations

Needless to say, a keen attention to laws, legislation and regulation is paramount. VAT rules should be considered early.

Controls & Licenses

You’ll need to check if any of your products require an export license. Products such as chemicals and firearms, for instance, usually do.

Comprehension of the Law

Of course, upon entering a foreign country, a product or service is subject to, and must abide, national laws.

Are You Ready To Export?

Entering into the export market through an existing business may seem like an obvious way to increase your current revenue. In many cases, it is a viable means of expanding a business, and generating greater income. However, it is important to consider the logistics, timing and practicalities before jumping into the unknown.

Exporting can extend your market, boost your turnover and prevent you having too great a dependence on your home-based customers. But it isn’t always an easy option. Starting to export poses a whole new set of challenges, from identifying promising markets and customers to ensuring that you can fulfil your export contracts. Developing new export markets takes time and money.

Exporting isn’t simply an add-on to your existing business. It should be part of an overall strategy to develop the business. Before you start exporting, it’s worth making sure you’ve developed a complete export plan looking at all the costs and risks involved. A well planned extension overseas can bring financial and reputational success, but a rushed job may just cause more damage than it is worth.

Planning is key, so consider the following before making any decisions :

  • Exporting presents all the normal challenges of marketing – it’s up to you to find customers and convince them to buy from you. Understanding the market and its requirements is very important. Don’t assume that because you know the domestic market, you automatically know foreign ones.
  • Exporting is usually a way of growing a successful business, rather than an easy way out for one that”s in trouble. If you’re struggling with limited finances or overworked employees, you may not have the resources to take on the extra work.
  • As an international business, you will need to cope with extra logistical problems, contractual issues and paperwork. You’ll probably want a contract drawn up using internationally recognised terms and conditions and standard commercial practices to make it clear what your responsibilities are.
  • There’s also a range of paperwork for sorting out transport, customs clearance and payments. These may take more time and effort than you expect, and must be dealt with in meticulous detail.
  • You need to comply with regulations both at home and overseas. For example, some goods that are allowed in your home country might not satisfy another country’s standards.
  • Exporting demands additional resources, both in terms of financing and skilled personnel. Be prepared for your expenditure on staff and expert advice and services to increase significantly before you start to see the benefits
  • With the additional costs, such as international transport, you may find you simply can’t compete with local suppliers. If the market only offers low margins, or you haven’t got the resources you need, you may decide that exporting isn’t for you. Make sure that you plan carefully and know that you could present a competitive product or service overseas.

Equally, if you’ve got a good product to offer and a well-run business, the chances are there will be opportunities for you out there in the export market. If the rewards you expect justify the investment and the risks, you should commit to your export plan and make it happen.

The Plan

Assess your skills and resources

To start exporting successfully, you should take a systematic approach and decide what your export strategy is. You need to spend time and money planning, researching market opportunities and building relationships. You may also need to invest in modifying your product and service to suit overseas customers.

Buy in help

Once you’ve planned your exporting activities, you also need to devote extra resources to handling your exporting business. Marketing to overseas customers tends to be more demanding than selling within your home market. Exporting also needs special skills – such as organising international transport and handling customs clearance.

Many businesses find that the best way to get started is to buy in the services they need, and build in-house skills and resources later. For example, you might use a local agent to sell, and a freight forwarder to handle deliveries.

Source your capital

Exporting can also be financially demanding. Customers often want credit from the time they receive the goods. For a long distance shipment, this could be weeks after you produced and shipped the goods, so you get paid later than you would by a local customer. At the same time, you may have to meet extra costs like transport and insurance.

The more successful you are, the greater the demands placed on your business will be. It’s worth planning ahead to be sure you have the capacity to handle the extra production, selling and after-sales support.

Organise your paperwork

When trading internationally the right paperwork is crucial. Missing or inaccurate documents can increase risks, lead to delays and extra costs, or even prevent a deal being completed.

Whether you are importing or exporting, you need to understand what paperwork is required. Even if you use a freight forwarder or an agent, it’s still up to you to make sure the right documentation is available. See our basic guide below for pointers to get you started.

Documentation Guide

This guide explains the key documentation you need to use. It outlines what should be in your contracts and what paperwork you need for customs, transport and payment.

Key documentation for international trade

  • There should be a clear written contract between buyer and seller, including details of exactly where goods will be delivered.
  • Specific documents may be needed to get the goods through customs and to work out the right duty and tax charges. Requirements of both exporting and importing countries should be addressed.
  • Documentation is needed to cover the transport of the goods and insurance during the journey.
  • The right paperwork can be an important part of the payment mechanism. It”s important to co-operate with your counterpart on getting the paperwork right.

NB: If you’re shipping goods to a customer overseas, they should tell you what paperwork they require at their end. If you are dealing with a non-English speaking country, it can be a good idea to provide one set of commercial documents in the local language.

International trade contracts and Incoterms

Different countries have different business cultures and even languages. It’s a good idea to make sure you have a clear written contract to minimise the risk of misunderstandings.

To avoid confusion, internationally agreed Incoterms should be used to spell out exactly what delivery terms are being agreed, such as :

  • where the goods will be delivered
  • who arranges transport
  • who is responsible for insuring the goods, and who pays for insurance
  • who handles customs procedures, and who pays any duties and taxes

As well as including delivery details, the contract should cover payment. This should include what currency payment will be made in, how much will be paid, when payment is due and what payment method will be used.

Export documentation

You may need an export licence to export goods. For example, there are controls on exports of chemicals and military technology. Licence requirements may also depend on which country you are exporting to.

Export declarations

If you are selling goods within the EU, most goods are in free circulation and can be easily moved from one country to another without customs controls or charges.

Alternatively, an authorised agent or freight forwarder can handle the customs declaration for you.

Export VAT

For VAT purposes, exports are generally zero-rated, but you should keep copies of your VAT invoices and proof of export. This helps you prove that the goods left the country and that you do not have to pay any output VAT on them.

If your sales to EU countries exceed £260,000 – you must also complete the Intrastat supplementary declaration.

Exports to countries outside the EU do not count towards the Intrastat threshold and do not need to be included.

Overseas imports

You should check what documentation is required for import into your customer’s country. Typically, you need a commercial invoice and shipping documents such as an Air Waybill. Other requirements can include a certificate of origin.

Once you have considered the logistics of entering the export market – either with an existing business or a new venture – you can start planning. Just remember to be meticulous, and plan everything to the last detail, follow our pointers, and you should enjoy a lucrative business opportunity!

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Consulting CWIIL Group of Companies, for any / all matters relating to your business startup, ensures advise based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable business advice can be disastrous and thus should be avoided.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This kind of group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries or to Request a Personal Quote Feel Free to Contact :

For Queries Specific to China :
Email: china@cwiilgroup.com , hq@cwiilgroup.eu
Web: www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

 

Always Ensure To Seek A Collective Advice

Consulting CWIIL Group of Companies, for any / all matters relating to your business startup, ensures advise based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable business advice can be disastrous and thus should be avoided.

Remember, no problem has a quick fix solution. Thus, always ensure to consult a highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. Such kind of group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

 

For Further Queries Feel Free to Contact :

Email: china@cwiilgroup.com , hq@cwiilgroup.eu
Web: www.cwiilgroup.com , www.cwiilgroup.eu

 

CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

 

Want To Setup Business In China? – Professional Business Consultancy From CWIIL Group of Companies

China can be an overwhelming location to consider establishing a business. For one, it’s vast. Nations don’t get much vaster than 1.3 billion people. It is a lazy truism to point out that China isn’t just a different country, but different world. From a distance, China’s corporate aesthetic could appear like a horizon of big firms and formidable business-types. But nothing could be further from the truth.

Common misconceptions about China run as long as the Great Wall, and the philosophy of an agrarian market with no private sector might as well be as old. It is all a very antiquated way of thinking. China is the greatest economic success story of the past quarter-century – period. Countless companies of all sizes from the UK and elsewhere are currently thriving and there is no reason for you not to join them.

China is accommodating, with more markets, industries and niches than you can shake an investment at. Local authorities are famous for competing over foreign business, throwing incentives and exemptions at entrepreneurs to secure investment in underdeveloped provinces and cities.

China is the most successful communist country on the planet and consistently ranks as the sixth largest economy. With attributes like these you can’t really criticize its history of isolation and insulation. Instead of regarding China as intimidating, alien and overwhelming, see it as an opportunity. China is, indeed, a vast nation, but it has no room for defeatism. Adopt the optimism of its people, culture and animal almanac. China may not be for the fainthearted, but then neither are steely entrepreneurial ethics and ambition.

An Economic Overview
China, during the last few decades, has transposed to a more market-friendly economy that has a fast growing private sector. It is a big force in the global economy. The reform began in the late 1970s, and grew to include the gradual liberalization of prices, decentralization, more independence for state ventures, the establishment of an eclectic banking system, the development of stock markets, and the welcoming of overseas trade and investment.

China has instigated reforms in a step-by-step fashion. Its currency was tightly linked to the US dollar for years. Judged on purchasing power parity (PPP), China was the second-biggest economy in the world after the United States. Although, in per capita terms, the country is still lower middle-income.

However, the government does face a handful of economic development challenges :

  • To abide sufficient job growth for millions of redundant workers from state-owned enterprises. This also includes migrants and upstarts
  • To reduce corruption and other exploitation
  • To harness environmental damage and social strife

Economic progress has been more expeditious in coastal provinces, and roughly 200 million rural labourers have re-established in urban areas to seek employment. A major consequence of China’s one child law is that it’s now one of the most superannuated countries in the world. Environmental atrophy is another long-term problem it faces.

China’s Predominant Industries are :

  • Mining and Ore Processing
  • Iron, Steel, Aluminum and other Metals
  • Coal
  • Machine Building
  • Armaments
  • Textiles and Apparel
  • Petroleum
  • Cement
  • Chemicals
  • Fertilizers
  • Consumer Products, including Footwear, Toys and Electronics
  • Food Processing
  • Transportation Equipment
  • Telecommunications Equipment
  • Commercial Space Launch Vehicles
  • Satellites

China’s Main Export Commodities are :

  • Machinery
  • Electrical Products
  • Data Processing Equipment
  • Apparel
  • Textile
  • Steel
  • Mobile Phones

Their Primary Import Commodities are :

  • Machinery and Equipment
  • Oil and Mineral Fuels
  • Plastics
  • LED Screens
  • Data Processing Equipment
  • Optical and Medical Equipment
  • Organic Chemicals
  • Steel
  • Copper

Basics To Know When Setting Up In China

The State
It is easy to misinterpret the role that the government plays in the corporate sphere. Regardless of the expeditious growth of the private sector, many big Chinese businesses in strategic sectors are still under state control. Additionally – and allegedly – private firms are also often found to have some sort of state control.

This supposed tentacle of control can have a big influence on the way a business operates. Therefore, you need to be aware of the vaster political environment that your partners and customers operate in.

Additionally, mayors and other regional officials often brandish and exercise more power than their counterparts in the West. Strong relationships are vital to success in Chinese business, and familiarizing yourself with influential officials is likely to make your business operations more facile and lucid.

Be warned; a change in regional government official might affect the incentives or agreements reached with any predecessors. It is not unusual for officials to be arrested for corruption.

Investment Zones (IZ) and Their Incentives
The main incentive of an Investment Zone is the tax break. Tax breaks vary according to the industrial sector :

  • The most common tax break that an alien business investing in an Investment Zone may receive is a 50% discount on the corporation income tax, a reduction from 30% to 15%.
  • Invariably, a complete exemption of the tax can be warranted for a two-year period with a further reduction by half for the next three years. For example, two years at 0% and then a further three years at 7.5%.
  • If your business introduces technology that is deemed as ‘advanced’ by the authorities, then a further three years’ reduction (by half) can be negotiated.
  • If an overseas investment has an export value of more than 70% for a certain year, then they may receive a preferential Corporate Income Tax rate of 10% for that year.

Tax Refunds
Another advantage of investing in a special zone is a possible tax refund. There are two types of tax refund that could be available :

  • By reinvesting profits back into your company, or other enterprises in the Investment Zone, you could receive a 40% refund of the Corporate Income Tax on your investment amount.
  • By reinvesting profits into an export-orientated or high-technology company, then you could receive a refund for the entire amount of Corporate Tax paid on the amount of the reinvestment.

Different Types of Investment Zones
There are various Investment Zones, which were established alongside the economic liberalization of China. These include :

Each of these zones has different prerequisites for setting up, and likewise they also offer varying advantages. Therefore, foreign investors seeking to establish in one of these zones should check the local regulations and policies to see which is best suited to their needs, product or service.

Special Economic Zones
Shenzhen, Xiamen, Zhuhai, Shantou and Hainan were formed in the ’80s and were China’s inaugural attempts at creating Investment Zones. Authorities in each area were given further independence to devise and develop their respective areas.

The incentives offered have unfortunately been greatly reduced since China’s joining of World Trade Organisation. It is therefore no secret that Shenzhen is the only zone that maintains national importance because of its locality. Other zones, however, attract investment through their far superior infrastructure, etc.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Consulting CWIIL Group of Companies, for any / all matters relating to your business startup, ensures advise based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable business advice can be disastrous and thus should be avoided.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This kind of group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries or to Request a Personal Quote Feel Free to Contact :

Mr. Ronald Movonok,
Deputy Global Director, No. 51,
Online Initiatives & Implementation Division,
Email : deputy.gd.51@cwiilgroup.eu
Voice : +45.8176.1947
Social Media : LinkedIn I Twitter I Facebook

For Queries Specific to China :
Email: china@cwiilgroup.com , hq@cwiilgroup.eu
Web: www.cwiilgroup.com , www.cwiilgroup.eu

CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

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