Business Architecture
The enacted Commercial Sector Investment Measures now permits Foreign companies to freely engage in business in China. However, the law defines that such a foreign trade and domestic business operator must complete industry and commerce formalities and register as such a operator before engaging in import and export of goods, domestic trade and services. Foreign operators must explain the intended foreign trade activities in their company formation documents and in case such activities are not mentioned in the scope of business, the company must go through amendment procedures to change the documentation.
In China, depending on the business areas, foreign companies are required to have a variety of licenses and often products must be certified before business can be conducted. Upon issuing the business licenses various post registration formalities are required such as taxation, custom and public security before the company can commence its normal operations including as internal safety, labour handbooks and employment manual and technology asset protection aspects.
Fintrade-Mercer has extensive experience in various government and notarization issues and works along side with clients with registrations, licenses, technology certification issues and product approvals. We have close working relations with authoritative institution such as Ministry of Science and Technology, State Food and Drug Administration and State Notarization and Custom offices.
Fintrade-Mercer Advisor enjoys an excellent reputation in China for our market entry and corporate legal services and we are able to work fast and efficiently with the Chinese government, and would and based on our earlier experiences, we are able to offer You the entire market entry process as a turnkey project
In practice, China Foreign Invested Enterprises are free to engage in
• Import & Export
• Wholesaling
• Retailing
• Franchising
• Distribution
• After-sales services
All this means that the opening of this sector has brought radical changes to the way foreign companies engage foreign trade, sell goods and services in China and today:
•Foreign investors are permitted to set up companies in China for the sole purpose of wholesale or retail trade
• Foreign companies may offer commission agency services
• Providers of systems integration, after-sales and services are able to sell parts, components and other products together with their services
JVC or WFOE is able to sell other product lines whether of its parent, affiliates or unrelated companies
How we can help:
•Present Your Options and Investment Vehicles in China
• Define Mode of Operations to fit Your Business Plans
• Incorporate WTO companies with full Business and Sales Rights
• Required Licenses and Permits Ministries and Related Authorities
• Restructure Your Existing operation and the Scope of Business
• Optimize Taxation and VAT issues related to various Options