Tags |
|
|
Links |
|
|
Will You Add? - China Investment Information
Boundaries have been broken and now within a few minutes you can send money abroad. Previously sending money abroad wasn’t so easy as anyone wishing to send money abroad had to undergo various formalities. Those formalities were very grueling and involved a lot of paperwork but now time has changed as with a simple click you can send money abroad.Sending money abroad has now become a very easy and smooth task as you don’t have to do any paperwork. All you need to do is just click on the money transfer, enter yours and the receiver’s account number, and within a few minutes money will be transferred.There are various websites helping you in sending money abroad but it’s Afex that leads them all. Afex is a UK based company h
WFOE is treated as Chinese limited liability entity wholly owned by a foreign investor and is not a branch of a foreign company. However, in accordance with state policies and the Foreign Investment Catalogue, WFOEs are excluded in certain industries.
The approval and registration requirements to establish a WFOE are similar as those for JV
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.Examples of combination products may include drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.There is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixed dose combinations are still in the process of convincing regulatory authority on their advantages over t
- Equity Joint Venture: A Company, with limited liability, set up by a Chinese company and a foreign investor, is an Equity Joint Venture. The parties share profits and losses in proportion to their respective contributions to Joint Venture's registered capital. Starting from 2001, Equity Joint Ventures are governed by the Law of the PRC on Joint Ventures using Chinese and Foreign Investment.
- Co-operative Joint Venture: The Law of the PRC on Chinese-Foreign Contractual Co-operative Enterprises governs Co-operative Joint Ventures. A Co-operative Joint Venture is similar to an Equity Joint Venture in many respects, and many of the same regulations apply. However, principal features that distinguish a Co-operative Joint Venture from an Equity Joint Venture include the following: Co-operative Joint Venture does not have to be a legal entity. The concept of registered capital is less clear than that in the case of an Equity Joint Venture. Participants in a Co-operative Joint Venture are allowed to share profit on agreed basis, not necessarily in proportion to capital contribution. During the term of the venture, the foreign participant in a Co-operative Joint Venture may recover its investment, provided that the JV contract specifies that all fixed assets will become the property of the Chinese participant at the end of the joint venture.
- Joint Venture - Registration: The foreign investor and its Chinese partner must apply to MOFTEC, or one of its local branches (the "approval authorities"), for approval to set up a JV. The law requires MOFTEC to decide within three months whether to grant approval. If the JV is approved, it must be registered within one month with the State Administration for Industry and Commerce (SAIC) to obtain a license to start business. An Equity Joint Venture is regarded as having been officially established after this license is issued.
Wholly Foreign-owned Enterprise: Under the 1986 Chinese Law of the PRC on Enterprises Operated Exclusively with Foreign Capital, foreign companies are allowed to establish Wholly Foreign-Owned Enterprises (WFOEs).
WFOE is treated as Chinese limited liability entity wholly owned by a foreign investor and is not a branch of a foreign company. However, in accordance with state policies and the Foreign Investment Catalogue, WFOEs are excluded in certain industries.
The approval and registration requirements to establish a WFOE are similar as those for JV'
Accumulating debt is a part of starting and running a venture. Every enterprise has some debt to suppliers, and many owe mortgages for their office or retail space. Maintaining a certain level of business debt can even be healthy for your credit rating, when good-sized payments are regularly made.But what happens when these payments become fewer and farther in between because the business is no longer generating enough income? Do you, as an entrepreneur consider filing a Chapter 11 business bankruptcy? Isn’t there a better, less drastic solution that will do less harm to your credit rating and business reputation?Fortunately there is. With business debt settlement, a negotiated settlement can be made with all of your
Wholly Foreign-owned Enterprise: Under the 1986 Chinese Law of the PRC on Enterprises Operated Exclusively with Foreign Capital, foreign companies are allowed to establish Wholly Foreign-Owned Enterprises (WFOEs).
WFOE is treated as Chinese limited liability entity wholly owned by a foreign investor and is not a branch of a foreign company. However, in accordance with state policies and the Foreign Investment Catalogue, WFOEs are excluded in certain industries.
The approval and registration requirements to establish a WFOE are similar as those for JV
Are you leaving money on the table? If you are a business owner who is a woman or a member of a minority and you have not become certified as a Minority or Women-Owned Business Enterprise (known as M/WBE), you may be missing out on opportunities.Reasons to Become CertifiedWhy do you need certification? Well, maybe you don't. Certification lets others know that your company is what you say it is-a minority and/or women-owned business. Chances are your average customer is not going to ask you for certification. Certification is required, however, when you want to do business with companies or government agencies that have supplier diversity programs and want to ensure a level playing field for women, minority, or disabl
Wholly Foreign-owned Enterprise: Under the 1986 Chinese Law of the PRC on Enterprises Operated Exclusively with Foreign Capital, foreign companies are allowed to establish Wholly Foreign-Owned Enterprises (WFOEs).
WFOE is treated as Chinese limited liability entity wholly owned by a foreign investor and is not a branch of a foreign company. However, in accordance with state policies and the Foreign Investment Catalogue, WFOEs are excluded in certain industries.
The approval and registration requirements to establish a WFOE are similar as those for JV
Leisure time is more important than ever before. It is increasingly likely that both partners in a household are working full time; commuting adds to the burden of the daily routine, whether to school or to work. There is also the increasing danger of sedentary occupations, producing the demand for active leisure or ‘recreation’. More working time is spent every year sitting in front of a computer terminal or on the telephone, followed by driving home or sitting in a train. At home, the temptation is greater than ever before to sit in front of the widescreen television, with its superb picture and sound, or to spend hours on the Internet or playing electronic games.To satisfy the demand for activities that break into the sedentar
Wholly Foreign-owned Enterprise: Under the 1986 Chinese Law of the PRC on Enterprises Operated Exclusively with Foreign Capital, foreign companies are allowed to establish Wholly Foreign-Owned Enterprises (WFOEs).
WFOE is treated as Chinese limited liability entity wholly owned by a foreign investor and is not a branch of a foreign company. However, in accordance with state policies and the Foreign Investment Catalogue, WFOEs are excluded in certain industries.
The approval and registration requirements to establish a WFOE are similar as those for JV
When you own a small business and have never owned a business before then it would be understandable if you needed some bankruptcy help. There is nothing to be ashamed of, you may not know which section of bankruptcy to file for and we can help you. One of the first questions to be answered is your business a partnership or a sole proprietorship? If you own a corporation there are limited liabilities for companies and partnerships that are legal entities that are separate from their partners. In cases like these then, you can file Chapter 7 or Chapter 11.If you have partners and you choose Chapter 7 then you should know that in a Chapter 7 case the trustee that is appointed by the court can sue the general partners if the partner
WFOE is treated as Chinese limited liability entity wholly owned by a foreign investor and is not a branch of a foreign company. However, in accordance with state policies and the Foreign Investment Catalogue, WFOEs are excluded in certain industries.
The approval and registration requirements to establish a WFOE are similar as those for JV's, except that there is no JV contract.
Representative Offices: Representative offices are normally set up to carry out liaison work of its parent office overseas. They are limited by regulations in establishing manufacturing operations or a sales network in China. Special tax rules are applied to representative offices.
Foreign investors in China must obtain various government approvals to undertake investment projects in China. These include the approval of Ministry of Foreign Trade and Economic Cooperation (MOFTEC), and that of the ministry responsible for supervising the industry to which the project belongs.
Representative offices are normally set up to carry out liaison work for the parent office overseas. The decision by MOFTEC should be issued within 30 days from the submission of the required documents. If the application is approved, the foreign company will obtain an approval certificate from MOFTEC.
Required Chinese National Participation: When China launched its economic reform programs in 1978, foreign investors were required to form joint ventures with local Chinese enterprises. This requirement has been relaxed over the years; today, foreign companies are permitted to have a majority interest in joint ventures or to establish WFOEs in certain sectors.
Generally, no specific percentage of local participation in Sino-foreign joint ventures is required. Exceptions exist for certain industries in accordance with specific government policies.
Foreign Exchange Control: The Chinese Renminbi currency is supervised by the People's Bank of China (PBOC). The exchange rate is based on the market demand and supply through the inter-bank foreign exchange market. The PBOC announces the exchange rate each day and may intervene in the market in order to stabilize the rate. The US dollar/reminbi exchange rate for the period 1994 to 2002 has been approximately 1:8.3.
At present, the Renminbi is still not a freely convertible currency. However, China has made a significant move toward free convertibility by lifting controls over current account items. I
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.atriclecheck.com/article/1326/atriclecheck-China-Investment-Information.html">China Investment Information</a>
BB link (for phorums):
[url=http://www.atriclecheck.com/article/1326/atriclecheck-China-Investment-Information.html]China Investment Information[/url]
Related Articles:
Electronic Document Management - The Basics - Part 2
Opportunities Galore for the Bilingual
Servicing The Needs Of Expanding Offices And Facilities
Bookmark it:
|