Use of China Trademark Registration!!

Registering a trademark gives identification to your company and its products. It also prevents other companies from using your name or confusing your customers with a similar brand. It does demand some time and require modest resources to get a trademark registration in China. However, not doing so will leave your brand open and unprotected to considerable risk.

It is to be noted that your registered trademarks in any part of the world are applicable in China. Hence, if you come across good opportunities in China and wish to grab this opportunity for a considerable period of time, then it is extremely crucial to register your trade mark right from the beginning. It is to be noted that China is a first-to-file country; this means that everything else being equal, whichever company applies for a trademark first, will get the registration. Until and unless you are able to do to do business without your existing brand, you should seriously consider registering your trademark in China.

For your trademark registration, it is vital to have a Chinese version of your trademarks. This is extremely crucial because Chinese consumers will require a Chinese name so that they can conveniently identify with your products and services. A good Chinese trademark plays the same role as an English and/or French one. Take assistance from a person with a strong base of Mandarin Chinese so that he can come up with a Chinese trademark which is appealing and attractive.

Online Project Management Courses in China

Considering the growth and development of the Chinese economy, the government, as well as the companies promotes online project management courses. Project courses enable learners to understand the key aspects and best practices of project planning and execution. The course is taught from a number of prospective that will help the learner effectively plan and execute projects assigned to them in the future. The main aim of the course is to focus on the main aspects of project planning and execution which includes the following –

Elements of contracting strategy

Critical Front-End Loading (FEL) phase

Key components of team effectiveness

Identifying and managing project risks

Drivers of improved construction safety

Implementing Value Improving Practices (VIPs)

The activities needed for controlling a project through execution

Managing change.

These programs are registered with acclaimed institutions that will authenticate the competition of course with relevant certificates. This learning provided in Project Management can be directly applied to ongoing, as well as future projects. The learning imparted throughout the course equips participants with techniques and tools that can be conveniently used to improve how they plan and execute their projects. In addition, participants can also make the most of their interactions with project professionals throughout the course.

Due Diligence for Foreign Joint Ventures in China

Due diligence is one of the most important information gathering tool that an investor can conduct before he plans an acquisition. It is the fact that, deals have been finalized only after considering due diligence and economic growth.

If a company or a private business house wishes to acquire another company it will certainly have to consider that company's past and present achievements. Chinese commercial due diligence report provides a comprehensive review of the company's working, its business policies with reference to expected industry competition and market conditions.

Chinese due diligence experts and specialists of each specific sector focuses on major issues of each sector and compare them with previous commercial management experience with some of the world's renowned companies. Each member of the team gives his/her review based on their resources of worldwide industry networks and their expertise.

Due Diligence can highlight potential issues and prevent companies in an uncertain market.

Potential issues

•    If a foreign organization wishes to acquire a company in China, but there is competitive ambiguity such as consumer patterns, new-fangled technologies, legal regulations, or a novel geographic market etc, and if the company needs better understanding on these, it can refer the Due Diligence report.

•    If a foreign company wishes to acquire a Chinese company, and the revenue projections appear to be pretty strict. Financial due diligence report can be helpful.


•    Companies can also refer to consumers and markets trends for better understanding of consumer goods industry in China.
 
By referring to due diligence reports economy can face uncertainties during difficult times.

Company formation in China - An Overview

China has emerged to be one of the most profitable investment centers in the world today. Starting a company in China is certainly a challenging task. It basically has three recognized forms of business organizations under which foreign investors can incorporate their companies; these are Wholly-Owned Enterprise, Joint Ventures and Representative Offices.

The most easiest and effective way to commence a business in China is to start with a representative office. The cost of incorporating this entirely depends on the city and province of registration. However, the foreign company planning to start a business in China must be in operation for at least 2 years. The company has to be financially strong and can appoint 4 foreign representatives including the operating manager to control the working of the company.

A wholly owned foreign company has absolute foreign investment and it is incorporated as a limited liability company, and it has a separate legal entity. It is to be noted that wholly owned foreign company will be taxed according to local legislation.
 

China highly encourages Joint ventures this is because the country can learn new skills, technology, and expertise. In return, the investing company can benefit because of low production cost, low labor cost, and larger market. Joint Venture is the only opening gate to enter china under certain cases since some businesses are still regulated by the government completely.

Hong Kong Offshore Company Setup Advantages

The most common advantages for setting up an offshore company in Hong Kong are:

·         Ease of offshore company setup: Hong Kong is one of the most liberal places to do business in the world. Setting up a company in Hong Kong is effortless and easy, which is far away from unnecessary bureaucracy or red-tape. Apart from this, Hong Kong favors 100% foreign ownership policy.

                                       

·         Tax benefits: Hong Kong tax structure is pretty liberal. The tax system is effortless and in favor offshore company setup. The income tax rate for corporate is 16.5%. Furthermore, there is no capital gain tax, no estate duty, no VAT/GST, and no withholding tax on dividends or interest. Apart from this, foreign sourced income is exempt from tax in Hong Kong, and there are no foreign exchange controls in Hong Kong. This is one the biggest advantages to Hong Kong based companies.

·         Political stability: The rule of law takes the first place in Hong Kong, and it is known as the second best bureaucracy in Asia. With good political structure, the companies can also function in a peaceful environment.

·     Trusted Image: Hong Kong is a low tax jurisdiction. This view has also been supported by the OECD. Hong Kong has committed itself to the international standard on tax information and exchange. Hence, an offshore company in Hong Kong is not viewed with suspicion.

For better understanding of the laws and rules pertaining to Hong Kong companies, log in and find advice from the experts to avoid future complications.

Preparing for Incorporating a Company in Hong Kong

The first step while preparing for Hong Kong company registration is to contact an incorporation service agency which is based in Hong Kong itself. This is a compulsion by the recent laws framed, where foreigners cannot register their companies by themselves. They need to hire the services of a local agency that will represent the foreign company. The incorporation service provider will help the foreign business owner to fulfill all requirements necessary for company registration.

Company formation HK need to certain documents during registration. This includes

·        Memorandum and Articles of Association (MAA)

·     Particulars of the company’s shareholder and director and proof of a registered business address in Hong Kong. 

·      The MAA can be obtained from the incorporation service agency where many standard MAA documents available.

·    For directors and shareholders particulars, companies can give utility bills; government recognized document, or passport copies that show proof of identity and address.

·     Incorporation agency can also arrange for the proof of registered business concern if required. However, if the foreign owner has already narrowed down on a business address in Hong Kong, he can use this address if they wish.

        

By filing the above documents and meeting the structural rules, foreign owners can conveniently start a business in Hong Kong. Immediately after the certificate of incorporation has been received, the foreign owner should visit the Inland Revenue Department in Hong Kong and get a business registration certificate. This marks the completion of the entire company incorporation procedure. The owner now has to open a corporate bank account and apply for business licenses if required.

Expand Your Business with Company Incorporation in China

Foreign investment walks in companionship with China's accord to finally welcome and shake hands with the foreign economy specifically the West.

China is a swiftly flourishing and a viable economy, and unobtrusively the largest economy on the world. Although it serves as a great base for expanding business, the chances of boom without adequate basic data and expertise is definitely considered less. However, this does not make China any less alluring. It has an ideal market of 1.5 billion people and a civilization that has adopted the ethics of western business.

Expanding businesses in china is not very difficult. It rather has a welcoming economic environment which wholeheartedly welcomes foreign companies. The easiest way to commence business in China is to start up with a representative office. The funds required to set this will depend on the city and province of registration.

A wholly owned foreign organization has total foreign investment and it is set up as a limited liability company and represents a separate legal entity. However, it will be taxed according to local legislation. Joint ventures are highly encouraged in China so that the country can learn new technology, skills and expertise.

How to Register a Trademark in China

Registering a trade mark enables companies to protect its brands and prevents other organizations from using identical logo or symbol to mislead consumers. It does take a good amount time and strife to incorporate a trademark in China; nevertheless it would be good to do so to ditch issues if any, in the coming years. Entering into business with China without registration will leave the brand unprotected and open to an unseen risk.

Why is it vital to incorporate a trademark in China?

If there is a good trade opportunities available in China, and the company aims to excel in the market for a good period of time then it’s imperative that the trademark is incorporated right from the commencement of the business. China-is-a-first-to-file state, which means early birds, will get quick registration.

How do I register my trademark in China?

Company, which is not based in China, has to take the help from a lawyer to get the trademark incorporated. The expense of incorporating one product line is $500. A regular incorporation process will take about 18 months.

General guidelines

·         Do have a Chinese version of your trademark.

·         The trademark chosen should be powerful and appealing.

·         Do register your trademark to stay safe and well protected.

Make sure that your trademark is unique and different, bearing no similarities with an existing trademark.