Maxxelli-Blog » Business

New Vancouver route

Marketing — Wed, 23 May 2012 02:30:18 +0000

On Friday the 18th May, it is announced by China’s Sichuan Airlines that flights will commence to operate flights to Vancouver three times a week starting 22nd June. This will be the first outing to the North American market.

The flight includes a stopover in Shenyang, located in the North-East of Liaoning province. With this, the tourism traffic between Canada and China will increase the service quality among the competing Chinese Airlines like Air China, Chine Eastern Airlines and China Southern Airlines and make the ticket prices cheaper, providing a gateway to the students, immigrants and travellers to Canada. On the other side, more Canadian travellers are encouraged to visit China more frequently. The increased flights will boost tourism as well as give travellers a greater choice which will have a significant impact on the economy.

Liangjiang Forum 2012

Marketing — Fri, 20 Apr 2012 08:10:25 +0000

The next Two River Forum will take place from 11th -13th May this year. Since its initiation, the Liangjiang Forum gathered renown thought leaders and industry experts from around the world every year for discussing about opportunities the rising West is bringing as well as the challenges it is facing.
This year, the forum will continue its focus on the “Go West” momentum and spur sustainable, regionally balanced development and cross-border investment and cooperation. This convene provides the opportunity for Chongqing to collaborate with many essential commercial organisations to strive and implement best practices.
Additionally, the forum will be held coevally with the 2012 Annual Conference of China Enterprise Confederation /China Enterprise Directors Association and is an invitation-only event. Due to limited numbers of seats, interested party with invitation can participate the discussion on the basis of first-come-first-serve.
Please find detailed information about the comming Liangjiang Forum and the delegate registration form:

2012 Liangjiang Forum Delegates Registration Form EN –

How to Set Up a Company in China?

Dieter — Wed, 04 Apr 2012 02:20:45 +0000

Setting up a company in China is not a simple matter. You will need to hire a China-based law firm or business consulting firm to guide you through the process. (Ref. 1)

The level of difficulty in setting up your company depends on your industry. The reason is that China encourages foreign investment in certain industries while discourages it in others.

There are several different registration classifications for foreign companies doing business in China. You will need to decide which one best suits your needs. The main classifications are Wholly Foreign Owned Enterprise (WFOE), Joint Venture (JV), Representative Office and Partnership Enterprise (PE).

A Wholly Foreign Owned Enterprise is a business that is 100% owned by a foreign company or companies. These are often established in Special Economic Zones. Only businesses in certain industry categories are allowed to set up as a WFOE. A WFOE requires a minimum capitalization, can generate income, pays tax in China and can repatriate profits. (Ref. 2)

A Joint Venture is a partnership between a foreign company and a local partner. A Joint Venture may be appropriate if WFOEs are not permitted in your industry classification.

A Representative Office is easier to set up than either a WFOE or JV. It costs less and does not require capitalization. However, Representative Offices may not engage in trade, receive fees for service, sign contracts or directly generate income. They are typically used for market research, promotion, and establishing or maintaining China business contacts.

A Partnership Enterprise is a new classification that came into effect March 1, 2010. It allows partnerships between foreign companies and individuals, and Chinese companies and individuals. (Ref. 2)

It typically takes 4 to 6 months to register a WFOE or JV, depending on scale and industry. (Ref. 3)

A number of government offices are involved in the process including the Ministry of Commerce or its subsidiary, the Local Industry and Commerce Administration Bureau, the State Taxation Bureau, the Local Taxation Bureau, the Foreign Administration Office of Police, the Bank, the Foreign Exchange Administration Bureau, the Public Security Bureau, and the Customs Office. (Ref. 3)

Basic Steps

Here is an outline of the basic steps to setting up a WFOE or JV in China. (Ref. 1) The process is simpler for Representative Offices.

1) Name Approval
2) Approval to Establish Company
3) Registration of Business License
4) Filing and Carving Seals
5) Enterprise Code Certification
6) Statistics Bureau Registration
7) Foreign Exchange Approval
Registration with City Tax Bureau
9) Setup of Bank Accounts
10) Customs Bureau Registration
11) Capital Verification
12) Business License Update

References

1. Orientation China Guidebook, First Edition, American Chamber of Commerce in Shanghai

2. Types of Business Presence in China, Path to China

3. Register a Company in China: Full registrations, Authority and Timeframe, NSW Chamber

Recommended Reading

How to Start a Business in China – WFOE, China Law Blog

How To Start A Business In China — The Minimum Capital Requirements For A WFOE, China Law Blog

Setting Up a Representative Office in China, Export.gov, US Department of Commerce, International Trade Administration

How to Form a Representative Office in China, China Law Blog

8 Must-Knows about Business Set-up in China, NSW Business Chamber

Starting a Business in China, International Finance Corporation, World Bank Group

Chongqing Hot Properties April 2012

Marketing — Thu, 29 Mar 2012 06:53:37 +0000

Take a look at out Chengdu Hot Properties April 2012 edition! This time properties in the next compounds are included: Palm Springs, Longhu Garden and Mount Longhu Good Hope.

If you have any questions or requests don’t hesitate to contact us at:
e-mail: info@maxxelli.net
tel: (86) 4000 150 600
or leave a comment on the blog

Hot Properties Chongqing April 2012

Chongqing – A Destination for Business or Living?

Marketing — Sun, 25 Mar 2012 02:00:07 +0000

Unlike Beijing, Shanghai, Guangzhou and other more internationalized cities in mainland China, Chongqing’s foreign population is relatively small. When foreigners mention Chongqing, most of them talk about it as a place in which to invest or work, rather than a place in which to live or travel.
The size of the foreign community is a key marker by which to measure a city’s growth into an international metropolis. Chongqing is not a multicultural place currently, but historically has been. It was China’s wartime capital during the late-1930s and early-1940s, when more than 10 countries opened consulates in the city. Hopefully, it is on its way to becoming an international city again.

In our view, a city’s level of internationalization depends not only on how many people from overseas settle there as well. An increasing number of foreigners have already or plan to choose Chongqing as a place to live in the long-term. One impressive person, who is in his mid-twenties, told us that he hopes to stay in Chongqing for at least another 40 years. It is delightful to hear of more and more foreigners settling down in Chongqing, buying a property, or marrying a local, all of which prove Chongqing is developing a foreigner-friendly environment.

2012 will see more developments in Chongqing’s internationalization.

Chongqing to Become the Fastest Growing City in the World

Marketing — Sat, 24 Mar 2012 02:00:10 +0000

This year should be a turning point in China, with the 18th National Congress of the CPC due to be held in late-2012. New programmes and policies will be initiated which will exert a deep influence on the development of China in the future. Also, 2012 is the second year of the new Five Year Plan, the overall plan outlining the economic and social development envisaged by the Chinese government. Chongqing certainly has

The 6th China International Building Science and Technology Exhibition 2012 in Chongqing

Marketing — Fri, 02 Mar 2012 04:00:40 +0000

The practice makes we go further! The 6th China Chongqing Building Science and Technology Exhibition (CCBE 2012) with the integration of architectural design, building materials and architectural construction organized by Chongqing Construction Industry Association and Chongqing Federation of Industry & Commerce (General Chamber) Association of Dealers of Building Materials, undertaken by China Chongqing Leven Exhibition Co., Ltd. will be held in Chongqing Exhibition Center during 17th-19th May 2012.

Rapid development of Western regions was brought by China’s policy of domestic demand expansion, the measures of creating “West Delta Economic Circle”, the “Five Targets of Chongqing” and the constructon of “Liangjiang New Area”. The rapid economic growth of Chongqing in the upstream of Yangtze River radiates and drives the economic zone. Driven by the huge market demand, regional advantage of municipality effect, urban development, post-disaster reconstruction, urban-rural integration, old town reconstruction, affordable residential housing constructions and many other factors, Chongqing has become one of the most vigorous building markets in China.

CCBE – China Chongqing Building Science and Technology Exhibition has been successfully held for four seasons. For the exhibition, 1,800 famous enterprises and brands from 40 countries are invited and the topic of technology, products, equipments and services in the field of building industry will be covered by about 100,000 professionals including developers, builders, contractors, agents and dealers famous for their professional industrial events with best exhibition effect in China western regions.

The CCBE 2012 exhibition will be held during 17th -19th May 2012 and share opportunities and seek development with western builders!

Event Details:

Date: 17 -19 May 2012
Venue: Chongqing Exhibition Center
Website: www.cnfair.org

Hot Properties Chongqing March 2012

Marketing — Thu, 01 Mar 2012 01:29:47 +0000

Sorry, this entry is only available in Svenska, 中文, Français, Nederlands and Deutsch.

YCIS Chongqing 10th Anniversary Sponsorships

Marketing — Tue, 14 Feb 2012 06:04:54 +0000

In February 2001, YCIS Chongqing took its first tentative steps as an International School, opening in Orchard Manor with 6 students; 3 of which were the Western Co-Principal (Mr. Neville Marks)’ children.

From those early days, enrollments at YCIS Chongqing progressed to the point that in January 2008, the school moved to their current site in Yuan Yang.

On the 21^st of April 2012, YCIS Chongqing will celebrate its 10^th Anniversary. As our enrolments continue to surge, this is a time to remember and celebrate. The school plans to host a fantastic celebration that will be called the “YCIS Spring Fair.”

Down below follows a PDF with Sponsorship information and more.

YCIS 10th Anniversary Sponsorship EN

Maxxelli Real Estate City Heights Introduction

Marketing — Mon, 13 Feb 2012 10:05:55 +0000

Investors have gradually weakened their investment within the first-tier cities in China. The new trend of investment has begun to focus on the booming second-tier cities. In this light, Maxxelli Real Estate has joint cooperation with the most high-end residential Investors in Chongqing. Please see some examples as below;
City Heights
- Next to Jiangbei CBD, Chongqing Lujiazui, the financial Heights.
- Close to Yellow Garden Subway Station
- Close to the major banks: Bank of China, HSBC, Standard Chartered Bank, Bank of Communications
- Jiefangbei CBD financial center
The first recreation center of the west, Chongqing’s top consumer sites

- Close to Chencheng residence, one of five prime presidential sites

- Combination of urban and natural river view

Please see the following project profiles for more information
E-mail address: marketing1@maxxelli.net
Tel: 4000 150 600

City Heights Introduction _ENG_