Brand Designing

Brand Designing

A brand is a unique design, sign, symbol, words, or a combination of all these, employed in creating an image that identifies a product or service. A brand is important as it distinguishes your product or services from that of your competitors.

 

Construction site crane building a blue 3D text. Part of a series.

Construction site crane building a blue 3D text. Part of a series.

Branding is the process of creating and disseminating the brand name. Branding can be applied to the entire corporate identity as well as to individual product and service names. Branding is vital to a company as it refers to the perceived image and subsequent emotional response to a company, its products and services. Company should place great emphasis on branding as it affects the level of credibility, quality, and satisfaction in the consumer's mind.

 

What to consider before designing a Brand?

1. How will the brand be perceived against competitors in the market?

2. What is the positioning statement of your brand?

3. What is the selling point of your product?

4. Who is your targeted audience? Are they digitally savvy?

5. What is the long term vision of the brand?

6. What is the impression of the brand that you want to create to the public?

7. Other brand image concerns: market awareness, emotional associations, value to the consumer, brand perception vs. consumer behaviour, changes desired in the brand-consumer relationship over time.

 

Brand designing should take into account how, what, where, when and to whom you plan on communicating and delivering your brand messages. Advertisement location should also be planned ahead.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Shanghai WFOE Registration

Shanghai WFOE Registration

Shanghai WFOE Registration, that is the Wholly Foreign Owned Enterprise (WFOE or WOFE),  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.

 

Shanghai Skyline

 

Shanghai is China's largest economic center and trade port, the largest comprehensive industrial city, the country's major science and technology center, trade center, financial and information center, which attracts nomourous investors’ attention.

 

Characteristics of a WFOE

Wholly Foreign Owned Enterprise (WFOE), also known as Wholly Owned Foreign Enterprise (WOFE), is a limited liability company, the establishment of which is governed both by the Company Law of PRC and Law of the PRC on Enterprises Operating Exclusively with Foreign Capital.

 

A WFOE can engage itself in approved business activities and issue tax invoices on its own. It is a corporation and a tax resident. All shareholders of WFOE should not be Chinese nationals.

 

Advantages of WFOE

  1. Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
  2. Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to customers in RMB and receive revenues in RMB;
  3. Capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
  4. Protection of intellectual know-how and technology;
  5. Full control of human resources
  6. Greater efficiency in operations, management and future development.
  7. New Investor's parent company does not have to be established for more than 2 years while for Representative Office, it's parent company is required to have been established for more than 2 years.

 

Business Scope

One of the most important issues in WFOE application is business scope. Business scope needs to be defined and the WFOE can only conduct business within its approved business scope, which ultimately appears on the business license. Any amendments to the business scope require further application and approval. Inevitably, there is a negotiation with the approval authorities to approve as broad a business scope as is permitted. Generally business scope includes investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting, manufacturing, etc. With China's entry into WTO, more and more business is open to WFOE especially in Trading, Wholesale and Retail business.

 

Materials for Shanghai WFOE registration are as follows:

Investing as a foreign corporate:

(1) 3 company Chinese names at least;

(2) 2 original Notarization of the business license or certificate of incorporation of the parent company(It should be notarized by domestic notarization Department and endorsed by local China Embassy);

(3) 1 original bank reference letter(It is opened from investor's bank, the deposit money is not less than the registered capital in China, issued within 6 months in both English and Chinese version);

(4) Recent 1 year Audit report from foreign investing company;

(5)Registered capital, investment ratio, and business scope;

(6) Photocopies of Corporate and supervisors’ identity materials, (if a board of directors, please provide copies of board membership);

(7) Articles of associations and Feasibility Study Report (Tannet provides with standard template);

(8) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);

(9)House Rent

 

Investing as natural persons:

(1) 3 company names at least;

(2) Providing investors’passport(It should be notarized by domestic notarization Department and endorsed by local China Embassy);

(3) 1 original bank reference letter(It is opened from investor's bank, the deposit money is not less than the registered capital in China, issued within 6 months in both English and Chinese version);

(4)Registered capital, investment ratio, and business scope;

(5)Photocopies of leagal person and supervisors’ identity materials,

(6) Articles of associations and Feasibility Study Report (Tannet provides with standard template);

(7) A set of documents require for investors and Shanghai legal representative’s signatures (Tannet provides);

(8) Contract of rent.

 

Contact us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours Hong Kong hotline:86-755- 36990589;

Email: mytannet@gmail.com

TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Nanchang Company Incorporation

Nanchang Company Incorporation

There are several types of company incorporation in Nanchang, each serves different functions. We will be able to recommend the best company structure based on the requirements of the business owner.

 

China

Common Types for Company Incorporation:

1. Wholly foreign owned enterprise (WFOE);

2. Representative Office (RO);

3. Foreign invested partnerships enterprise (FIPE).

4. Cooperative joint venture (CJV);

5. Equity joint venture (EJV);

 

Nanchang Company Incorporation – RO

A Chinese representative office (RO) is an institute setup in Nanchang, representing its parent corporate for liaison with Chinese counterparts. A RO is not considered to be a separate legal entity. It cannot directly engage in business operation. However, through which its parent corporate can enter into contracts with its supplier/customers in Nanchang in its own name, but not under the name of RO. A representative office is popular for those who are willing to enter Nanchang at the test period of business and investment.

 

Nanchang Company Incorporation -FIPE

The Foreign Invested Partnership Enterprise (FIPE) is an unlimited liability business entity without minimum requirements on registered capital. A partnership in the People's Republic of China is a business entity governed by the Partnership Enterprise Law passed by order of the President of the People's Republic of China to authorize and govern partnership enterprises. A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested.

 

Nanchang Company Incorporation -CJV

In most respects, CJVs are structurally similar to EJVs. Unlike EJVs, however, CJVs can be established either as a limited liability company as a non-legal person, in which the partners are subject to unlimited liability and thus entirely liable for any losses. The rights and obligations of the JV partners concerning issues such as distribution, investment, operation and sharing of profits/losses and risks are determined by the individual joint venture contract.

 

Nanchang Company Incorporation -EJV

The corporate form of an EJV is the limited liability company, which possesses the status of a Chinese legal person. It involves joint investment and operation and the sharing of profits and losses, as well as risks in proportion to the partners’ respective shares in the registered capital.

 

Nanchang Company Incorporation -WFOE

The Wholly Foreign Owned Enterprise, abbreviated WFOE, is a common investment vehicle for mainland Nanchang-based business. The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles. WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds. This can give greater control over the business venture in mainland Nanchang and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner.

 

Contact us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours Hong Kong hotline:86-755- 36990589;

Email: mytannet@gmail.com

TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

China Company Annual Return

China Company Annual Return

China Company Annual Return is a summary of the most relevant information pertaining to a company and close corporation. Submission of annual return for China Company also confirms that the company is still in business or will be doing business in the near future.

 

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An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist.

 

Content of Company Annual Return in China

The following details have to be included:

1. Registered office address

2. Business nature of the company (eg retail, accountancy, catering)

3. Address where the company’s list of shareholders is kept

4. Type of limited company (eg limited by shares, limited by guarantee)

5. Name and address of all company directors (and company secretary if you have one)

6. Number and value of shares issued by the company and who owns them

7. Details of ‘debentures’ (a type of loan the company has taken out with a promise to repay at a specific time in the future)

 

Annual Return Avenues in China

The Act makes a distinction between local companies and external companies’ annual returns and the content of each differs. There will therefore be three annual return lodgement avenues as follows:

1.annual return lodgement avenues for local companies

2.annual return lodgement avenues for external companies

3.annual return lodgement avenues for close corporations.

 

Time of Company Annual Return in China

Annual returns for local and external companies must be filed within 30 business days from the anniversary date of incorporation. If filing is done later than the 30 business days, there will be a penalty payable up until the company is deregistered due to non-compliance. No manual lodgement of annual returns will be allowed, due to the volumes involved.

 

There is no distinction under the new Companies Act between company types. Therefore, non-profit companies will also be required to lodge annual returns.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

China Labor Contract Drafting

China Labor Contract Drafting

A China labor contract has to contain the terms and conditions set by the employer relating to the weekly or monthly number of working hours, the probation and termination period, overtime payment and holidays and other details, such as salary or the exact title of the job. An employer can set his own conditions and particulars but they must not fall below the minimum requirements of the Employment Act. Before the recruitment, foreign business owners in China have to seek for the professionals’ (China lawyer) assistance to draft a China labor contract.

 

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Required Content of China Labor Contract

Article 19 of the Labor Law of the People's Republic of China defines the content required to be defined by labor contracts. Although they can contain other requirements and clauses, a Chinese labor contract must, at minimum, include the duration of the contract and a time limit during which the labor contract is in force. It must also define the job scope clearly and specify both labor conditions and labor protections. It must clearly state how much and how employees will be paid and must spell out disciplinary procedures for workers. Besides, it also has to clearly define when the contract can be terminated and specify liabilities for any contract violation.

 

China labor contract-Notice of termination

The usual period when a notice of termination has to be handed in by either the employer or the employee, depends on the duration of employment. If not stated differently in the contract, the periods according to which the notice of termination is related are:

1. Employed for less than 2 years (4 weeks’ notice)

2. Employed for 2 – 5 years (6 weeks’ notice)

3. Employed for more than 5 years (8 weeks’ notice)

 

Probation period of China labor contract

During the probation period, which is set individually by the employer, the employee can be dismissed without notice. The same applies to termination on the side of the employee. The probation period is usually between 1 to 6 months and the dismissal has to be justified. If a dismissal on the side of the employer is given after this period, and it is not due to the employee’s misconduct, the latter is entitled to layoff benefits. The basis on which the amount of days paid is calculated, will be the same as that for the probation period (employed for less than 2 years/from 2-5 years/for more than 5 years).

 

Labor contract plays an important role in the management of the companies, thus it is advisable for business owners to place significant emphasis on it. It is therefore necessary to seek China lawyers for help since they have a good knowledge of China labor law.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Shenyang Company Incorporation

Shenyang Company Incorporation

Shenyang Company is a limited liability company set up in Shenyang. Shareholders are domestic companies or individuals of Chinese nationality aged 18 years old and above, shall be responsible for the company to the extent of the capital contributions they have paid.Shenyang Company is broadly classified into: Shenyang Domestic Company, Shenyang foreign funded enterprise, Shenyang Chinese-foreign Joint Venture (JV), Shenyang Chinese-foreign Cooperative Joint Venture, Shenyang Partnership Company, Shenyang Individual Proprietorship Enterprise etc.

 

Sheng Yang

Shenyang Company Incorporation-Registered Capital and Paid-Up Capital

1. The minimum amount of registered capital of a limited liability company shall be RMB30, 000. If any law or administrative regulation specifies a higher minimum amount of registered capital for a limited liability company, the provisions of that law or administrative regulation shall prevail.

2. Shenyang Individual Proprietorship Enterprise: Minimum registered capital is 100,000RMB, should be paid up in one time.

3. Two-Person Company: Minimum registered capital is 30,000RMB, capital contribution shall not be less than 20% of the registered capital for the first time; also may not fall below the minimum standard of statutory registered capital, with the balance being remitted within 2 years.

4. Investment Company: Minimum registered capital is over 10,000,000RMB (including 10,000,000RMB), capital contribution shall not be less than 20% of the registered capital for the first time; also may not fall below the minimum standard of statutory registered capital, with the balance being remitted within 5 years.

5. Company Limited by Shares: Minimum registered capital is 5, 000,000rmb.

 

Shenyang Company Incorporation-Company Name of Shenyang Company

The name of Shenyang Company should be in the form of Administrative division (Shenyang) + Trade Name + Sector Expression +Limited. Each enterprise shall use only one name and not be the same with or similar to the registered name in the same industry. If the word “China” is within the company name, it is required to be pre-approved by ICAB at national level in Beijing.

 

Shenyang Company Incorporation-Business Scope

Business scope is one of the most important issues in FIE registration application, divided into the licensed business item and the general business item. Licensed business item means a pre-approval is needed before business license application. General business item means ordinary item which can be registered in Bureau of Industry and Commerce directly. Shenyang Foreign Invested Enterprise can only conduct business within its approved business scope, which ultimately appears on the business license. There is some connection between business scope and register capital. Generally speaking, larger register capital, more business items can be approved.

 

Shenyang Company Incorporation-Shareholder, Director and Manager, Legal Representative, Supervisor

1. Shareholder must be Chinese natural person or legal entity.

2. Director and Manager can be the same person, acted by shareholder, non-shareholder.

3. Legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business, acted by director, manager, shareholder or non-shareholder.

4. Supervisor shall not serve concurrently as legal representative and senior management, acted by shareholder, non-shareholder. Supervisor’s duty is that check the company’s financial condition; supervise executives’ behavior of performing his duties, propose suggestions on dismissing any director or senior manager whose behavior is contrary to laws and regulations

 

Shenyang Company Incorporation-Documents & Information Required

1. Company Name of Shenyang Company

2. Determine shareholder, business scope

3. Determine register capital, shares allocation proportion

4. Office address in China, 2x original leasing contracts, 2x copies of house property certificate with company stamp or signature of lesser and 2x landlord identification documents (The lessee should be acted by legal representative or investor. The area is required no less than 30 ㎡ and for commercial use only with more than one year’s rent and the lease contract should be endorsed by local Housing Management Authority)

5. ID Copy of Shareholder, Director, Legal Representative, Supervisor.

 

Shenyang Company Incorporation-Working Time Needed

1. Manufacturing enterprise: 20-40 working days (the time of approval papers application from the fire & environmental protection bureaus is not included)

2. Trading& Service enterprise: 20-30 working days.

 

Contact us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours Hong Kong hotline:86-755- 36990589;

Email: mytannet@gmail.com

TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my