Offshore companies advantage 1, showing the international corporate image, facilitate the development of international business 2, capital restructuring, listed in a foreign country, strengthening the overseas financing capacity 3 change hands, using offshore companies to do export, lawfully reduce tariffs 4, avoiding foreign exchange management, import and export of capital free for payee does not require agents to facilitate settlement 5, easy to reverse investment back to the Mainland to set up foreign-owned or joint venture 6, immigration and visa facilitation 7, company registration, information and documents highly confidential Offshore company name change Because of certain factors, registered offshore companies need to be renamed. Offshore company changed its name to total flow is "preparing new names--search--can be used to sign the relevant documents--through-the Bank changed its name". Please provide the file 1, the certificate of incorporation (CR) copy 2, business registration certificate (BR) copy 3, file copy 4, articles Available files 1, a new certificate of registration 2, the new business registration certificate Chapter 3, the new signature Chapter 4, the new small round 5, the new stainless steel printing Time required for renaming 7 working days

Characteristics of offshore company Any company incorporated outside their places of origin, usually referred to as offshore companies. Non-residents in the British Virgin Islands, Niue Island, the Seychelles Islands, the Bahamas, Panama and the Cayman Islands or areas of the Republic of overseas companies registered, belong to this category. These countries and regions was a United Kingdom colony, fellow members of the Commonwealth, whose company law from the United Kingdom, is the world's most sophisticated company law, in all parts of the world have very high legal status, subject to international commercial law. Offshore companies that form has been in existence for decades, Governments around the world recognize and allow offshore companies to invest in their operations or, as major banks are recognizing that such companies in the world, through the establishment of bank accounts, and provide convenience for their financial operations. Offshore companies can only be registered to conduct business and operate outside, cannot be registered to carry out its business. Registered annually to this company only charge a small annual fee, regardless of their status, registered with the Government are not involved, is not taxed. At the same time, company registration, management, financial and other related information in full confidentiality, not for public inspection. British Virgin Islands (BVI), for example, offshore companies advantage. Formation of the BVI company has the following advantages: 1, low taxes, the local Government has no tax on offshore companies or only small amounts of taxes, may reduce the tax burden; 2, operating profits do not have to pay income tax, in the form of triangular trade can achieve a reasonable tax avoidance purpose; 3, no audit reports, simply leave the information reflects the economic situation; 4, the island is where the political, economic and trade environment is very stable; 5, Government protection of shareholders, international trademark registration ?offshore company Formation?Company Formation?business registration hong kong?company incorporationnot to publish the identity of beneficiaries; Annual report 6, do not have to pay to the Registrar of companies; 7, there is no registration fee, need only Islands annual fees; 8, all large international banks to recognize this type of offshore company, for the facilitation of the establishment of bank accounts and financial operation; 9, offshore jurisdictions established good trade relations with the developed countries in the world; 10, offshore company without foreign exchange controls;

Copyright registration in China

People's Republic of China copyright law was promulgated on September 7, 1990, was introduced on June 1, 1991, as amended on October 27, 2001. Works protected under the copyright law are as follows:

(1) written works;

(2) oral works;

(3) music, theatre, Opera, dance, acrobatic and artistic works;

(4) the fine art, a work of architecture;

(5) photographic works;

(6) cinematographic works and works authored by virtue of an analogous method of film;

(7) engineering design graphics, product design, drawings, maps, diagrams, and other graphics work and the model works;

(8) computer software;

(9) other works stipulated by laws and administrative regulations. Works of Chinese citizens, legal persons or other organizations, whether or not published, copyrighted. Foreigners, stateless persons and works first published in China, in accordance with the law shall enjoy copyright. Works published outside China to foreigners, according to their respective countries and China signed agreements or joint participation in international treaties on copyright, protection under the law. Copyright protection for a period of 50 years after the author's life and death of natural persons, legal persons or other organizations work for 50 years after the first publication.

For the maintenance works of the author or other copyright owner and user's legitimate rights and interests, and conducive to resolve the copyright dispute due to the ownership of copyright, provide preliminary evidence to resolve the copyright dispute, in December 1994, the national copyright administration of the voluntary registration of works of trial measures (registration of computer software in accordance with the implementation of the measures for computer software Chinese copyright registration), which was implemented on January 1, 1995. Pursuant to the procedures, copyright registration of domestic authors from various provinces, autonomous regions and municipalities directly under the Copyright Office is responsible for foreign, as well as Taiwan, Hong Kong and Macao of the author or other copyright owner of the work is responsible for the registration by the national copyright administration. Works in China copyright registration certificate is a preliminary proof of copyright ownership of the work.

Application for copyright registration shall provide the following documents:

(1) application form for voluntary registration of works;

(2) the applicant identification (ID card, business license or registration certificate);

(3) statement of work;

(4) rights of guarantee;

(5) rights ownership proof (such as a cover page or a photocopy of the copyright page, copy of some manuscripts and photographs, samples of attribution or copyright agreements, and so on)

(6) the Attorney.More information on company formation/offshore company formation,trademark registration

Copyright Society of China

(English translation Copyright Society of China) is the Department of press and publication (National Copyright Administration) for national copyright professional social groups, is the copyright only broadly representative of community groups in the area. Copyright Society of China follow the direction serve the people and socialism, and abide by the Chinese Constitution and relevant laws, regulations and national policies, abide by social morality, unity and national copyright organizations and individuals to the cause of enthusiastically to promote implementation of the copyright law, organization, theoretical research and academic exchanges of promoting copyright, promoting the continuous improvement of our copyright system. For both copyright owners and the users to provide the relevant service, safeguard the legitimate rights and interests of right holders, to promote the development and prosperity of Socialist culture and science.

Since the 80 's of the last century, with the development of socialist modernization, and gradually establish and perfect China's intellectual property protection system. Implemented on January 1, 1987, the People's Republic of China of the General principles of civil law determines the principles of copyright protection, People's Republic of China copyright law (draft) in 1989 to the national people's Congress for deliberation. In consideration, the Standing Committee considered that the Act to promote the development of science and culture, promoting the construction of Socialist material civilization and spiritual civilization has an important role, it should be developed as soon as possible. Also raised a number of issues during the legislative process, deserved further discussion and research on theory. An in-depth study of these issues, copyright legislation and administration of Justice, copyright protection system for the building of socialism with Chinese characteristics is necessary and useful. Adapt to this need, the copyright research society of China was established on March 9, 1990. She is engaged in the theoretical research on copyright of national academic community.

Tightly around the copyright research society of China copyright law implementation and amendment suggestions of brainstorming, to vigorously pursue copyright law awareness-raising and training, and efforts to organize academic exchanges, promotion of foreign copyright trade, social services active in copyright protection, and good job in professional book editing and publishing, have contributed to copyright the legislative, judicial and administrative.

After the implementation of the copyright law and China's accession to the Universal Copyright Convention, in the face of changes in the development of copyright protection at home and abroad, academic research and exchanges have not only organizations meeting the growing needs of the copyright protected work. In 2001, after the revision of the copyright law, further complete China's copyright protection system. In order to organize and coordinate the copyright community, in particular copyright industry, support and coordinate judicial and administrative organs for copyright protection of the legitimate interests of the right holders, the fight against piracy, dissemination of copyright knowledge, professional training, and functions of the social groups should also be adjusted accordingly. Especially after the accession to the WTO, international copyright relations, and a large number of copyright needed by community groups to work with. Studied by the Executive Council of the China copyright society decided to apply to the press and publication administration and the Ministry of the copyright research society of China was changed to copyright society of China, the Ministry approved on April 19, 2002.

Historical evolution

Copyright Society of China is for the copyright research society of China was renamed to. She is my copyright only broadly representative national professional society in the field.

Copyright research society of China was established on March 9, 1990, her national academic group is engaged in the theoretical research on copyright. May 1993 annual meeting of 11--15 held 93' copyright research society of China academic and second National Congress, elected to the second session of the Governing Council, the General Assembly also adopted the statutes edited-will Congress "was held once every three years" with the words "once every five years." In May 1998, preparation of the third national Congress, postponed because of institutional reforms, research work ground to a halt.

After the implementation of the copyright law and China's accession to the Universal Copyright Convention, in the face of changes in the development of copyright protection at home and abroad, academic research and exchanges have not only organizations meeting the growing needs of the copyright protected work. In 2001, after the revision of the copyright law, further complete China's copyright protection system. In order to organize and coordinate the copyright community, in particular copyright industry, support and coordinate judicial and administrative organs for copyright protection of the legitimate interests of the right holders, the fight against piracy, dissemination of copyright knowledge, professional training, and functions of the social groups should also be adjusted accordingly. Especially after the accession to the WTO, international copyright relations, and a large number of copyright needed by community groups to work with. Studied by the Executive Council of the China copyright society decided to apply to the press and publication administration and the Ministry of the copyright research society of China was changed to copyright society of China, the Ministry approved on April 19, 2002.

On May 27, 2002, the copyright society convened a National Congress in Beijing, China. The General Assembly adopted the statutes of the copyright society of China, China copyright society of the new Legislative Council was elected.

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Differences between Eastern and Western China with Foreign Investment

Foreign investment has the important role of promoting in the national economy, since the reform and opening up, China begun to attract foreign investment with various measures. In recent years, China has become the second largest foreign investment country after the United States. Only in July of this year, 1972 foreign-invested companies have established in mainland China, the actual use of foreign investment (FDI) is 75.8 billion U.S. dollars.

Foreign investment is more in Eastern than in Western
Due to differences in geographical location, resource conditions and the quality of personnel, foreign investment is higher in eastern China and lower in western China. In other words, foreign investment gathered in the eastern China, the numbers of foreign-funded companies in Guangdong, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Beijing and Tianjin are more than in the west provinces of China.
The reasons for this phenomenon are manifold, in addition to the opening policy of gradient advancing from the east to central and western and the preferential investment policies for the eastern regions, good basic infrastructure, strong research and innovation capacity, a relatively mature market economy and much better hardware and software environment than in the central and western regions are the important reasons for the difference of the eastern and western regions.
In addition, relative to the central and western regions, the eastern regions gather tourism, trade, finance, and other intermediary services industry, and technology-intensive industries has developed rapidly, highly correlated with foreign obvious effect of industrial concentration and supporting industries, has formed a number of the international competitiveness of industry groups, such as electronic information industry, IT industry, etc.


Development characteristics of foreign investment location
In recent years, with the optimization and upgrading of China’s economic structure and changes of economic policy and labor costs, there are new features for the regional distribution of foreign investment. In 2008, the Development and Reform Commission jointly with relevant departments revised “Midwest Industries for Foreign Investment” directory, and introduced a number of preferential policies to attract foreign investment, expand the opening areas and scopes of the central and western regions at the same time, also contributed a part of policy-driven foreign-funded companies to transfer to the Midwest. However, according to the actual use of foreign investment, eastern coastal provinces and cities has a large advantage for attracting foreign investment.
It is worth noting that the entry of foreign capital also presents the characteristics of dynamic development in the east, the vast majority of foreign investors gathered in the Yangtze River Delta, Pearl River Delta and the Bohai Rim region, and tend to the development from south to north, the Yangtze River Delta and the Bohai Rimattract foreign direct investment (FDI) is increasing, while the proportion of the Pearl River Delta region has declined.

Combined with the characteristics of China’s current foreign investment, we can see that the integrity of the market and normative elements of the supporting industries in the eastern region are the keys for attracting foreign capitals. The majority of foreign-funded enterprises can combine their own situation, sharing the fruits of China’s market economy with the starting point of the eastern region.

If you need more information on China Tax and China Company Formation: WFOE, FIE,CEPA,Foreign Representative Office, you can refer to CONPAK CPA Limited http://www.conpak.com.
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Applicable Taxes for Foreign Investment Enterprises in China: VAT
People from abroad to invest in China and set up a Chinese company, could get a profit through the production and operation, and they should pay the corresponding taxes in accordance with Chinese law.

VAT has become China’s largest tax in recent years, their income accounted for more than 60 percent of all taxes. Tax basis model of China’s VAT is basic rate (17%) plus a file of low tax rates (13%).

The scope of taxation: VAT is imposed on commodity production and circulation in all sectors of the added value or merchandise value-added levy, which covers:
Goods: refers to the tangible personal property, including electricity, heat, gas, not including real estate;
Processing: refers to the contracted processing of goods, that is commissioned to provide raw materials and main stuffs, the trustees manufactured goods in accordance with the requirements of the commissioning party and charge a processing fee business;
Repairs and replacement: refers to the trustee repairs the damage and loss of function of the goods, to restore the original state and function of business.

Basic Formula: Tax payable = output tax - input tax
Excluding tax sales = tax sales ÷ (1 + rate)
Sales tax payable = excluding tax sales × tax rate

Tax categories: according to the scale of operation and accounting soundness, the VAT taxpayers are divided into general taxpayers and small-scale taxpayers in China, and perform a variety of tax basis.

1. Small-scale taxpayers refer to the companies which annual taxable sales under the prescribed standards and unsound accounting VAT taxpayers.
??Small-scale taxpayers sell goods or taxable services and use a simple way to calculate the tax payable. In terms of sales (excluding tax payable) and provisions of the 3% levy rate calculation of tax payable (does not distinguish between industrial and commercial), shall not be deductible input tax and shall not issue VAT invoices.
The formula is: Tax payable = Sales amount × levy rate (3%)

2. The general taxpayer refers to annual taxable sales in excess of the enterprises of small-scale taxpayers standards.
For personal, non-enterprise units, the enterprise with few taxable activities, even if the annual taxable sales exceed the standard of small-scale taxpayers, also be deemed as a tax in the taxpayer of small-scale.
The formula is: Tax payable = Output tax - Input tax
Output tax = sales × applicable tax rate

3. The tax payable of imported goods is according with the composite assessable price and the provisions of tax rates, should not deductible input tax.
The composition of the VAT taxable price includes satisfied customs duty; if the imported goods are consumption taxable goods, the VAT taxable price should also include the satisfied consumption tax.
The formula is: Tax payable = Composite assessable price × applicable tax rate
Composite assessable price = Customs dutiable value + Tariff

Tax Rates:
The VAT rate for selling or importing goods of taxpayers is 17%.
Taxpayers selling or importing the following goods, the VAT rate is 13%:
1) Grain, edible vegetable oils;
2) Tap water, heating, air conditioning, hot water, gas, liquefied petroleum gas, natural gas, biogas, usable coal products of residents;
3) Books, newspapers and magazines;
4) Feeds, fertilizer, pesticides, agricultural machinery, plastic sheeting;
5) Other goods prescribed by the State Council.
For taxpayers exporting goods, the tax rate is zero; (zero-rated exports of goods, goods in the export sector is not taxed; taxes already paid for the previous tax aspects of different types of goods, you can enjoy some or all of the refund).
Taxpayer providing processing, repairs and replacement services, the rate is 17%.

Time of tax duty and tax deadline:
The tax liability arises on the sale of taxable consumer goods, should be received the sales payment or made to obtain a copy of the sales money credentials. Time for tax payment of imported goods is the date of import declaration.
Tax deadline of VAT is on the days of 1, 3, 5, 10, 15 or a month, but the competent tax authorities should approve the specific tax period according to the size of the tax payable respectively.

If you need more information on China Tax and China Company Formation: WFOE, FIE,CEPA,Foreign Representative Office, you can refer to CONPAK CPA Limited http://www.conpak.com.
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Naming Guidelines for Hong Kong Limited Company Name


There are two types of company registration in Hong Kong: one is a limited company, other one is unlimited company. Generally, 99% companies registered in Hong Kong are limited companies. Naming freedom of Hong Kong company is relatively large, more relaxed restrictions on registered capital, keywords, and so on.

Hong Kong Company Name:

According to the “Company Law” of Hong Kong, regardless of the registered size of funds of Hong Kong companies, the government allow the company name with international, group, holding, industry, investment, fund, publishers, logistics, construction, tourism, finance, colleges, health care, the center, institute and other words; in front of the company name can also add your favorite place names, such as: France, the United States, China, Hong Kong, etc; Hong Kong company must have English name, Chinese name can be or not and the end of company name must be in English “LIMITED” and Chinese

Notes:

1. The company name should not be too long;
2. The company name can not be mixed with Chinese and English;
3. The company name should not be the same as the well-known brands;
4. Unless otherwise apply for a license, otherwise the company name can not contain the “bank”, “insurance” or a misunderstanding that the company may have the wording of any relationship with the Government;
5. Although the Company Law does not require the company name must be related to the scope of business, it is better to select a realistic name, exaggerated or not consistent with the real business name will cause customer misunderstanding.

Disadvantages of Improper Company Name:

If selected an improper company name, easily lead to customer remittances put their name is missing, or too long cause payment is not filled in, must produce additional cost change remittance slips, each flow affects the company’s image and operation.

FAQ:

Could the Hong Kong company name be changed after registered?
A: Yes, it could be changed. Generally select the specialized agencies to handle the case is the most convenient way. Produced renamed agreement and renamed government document by the relevant authorities and endorsed to the customer, it can be handled successfully about 10 working days. It is worth noting, the new certificate of registration after renamed will be reflected in the old company name and the date on the new certificate of registration changed its name to date rather than the registration date.

The company name is the external signs of the company and organization, its recognition, visibility and so on to a certain extent affect the company’s operations and development. Under normal circumstances, the company named former can choose professional management consulting firms and other intermediaries name consulting and verification, in order to improve the chances of successfully passed, and better to avoid future unnecessary names and brand disputes.

If you need more information on Hong Kong Company Formation, IPO in Hong Kong, Trademark Registration,Hong Kong Tax and Corporate Finance, etc, welcome to contact with Conpak CPA Limited http://www.conpak.com.
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Hongkong trademark registration
With unceasingly opening up and reforming, Chinese mainland market has become the best platform for business. Meanwhile, Hong Kong is regarded as an experimental site for many products and new concepts from mainland, so Hong Kong is the first choice of international gateway for foreigners and Chinese doing business together.

Intellectual property protection is an important work regardless of wherever you carry out the business operation. The trademark registrant can gain the recognition and economic benefits through trademark protection. Meanwhile, it can also prevent the improper competition of similar mark from selling inferior products or the behaviors selling different products or services.

Taking Hong Kong trademark protection as an example, we can provide those who intend to explore global business through HK with applicable strategies.

Firstly, you can choose a different trademark with distinguish features, which can not only help you process the registration smoothly, but also avoid the violation to the rights of similar self-owned trademark.

Secondly, you should also apply for the English name of trademark (translation or transliteration) using in HK, enlarging its attraction and protection scope.

Thirdly, if you plan to authorize the trademark to others, you must set up a perfect plan for trademark license.

Finally, you are suggested to read the intellectual property notice of HK, to check current new trademarks under application. Any trademarks with similar or easily misleading publicity, you can come up with your objection opinions.

In general circumstance, the protection period of trademark will last for ten years since the day for notice. Before expiring, you can pay extra fees to exhibit the trademark with no times limit. You should process the exhibition during the effective exhibition period.

Meanwhile, when you choose the trademark, you can pay more attention to the following suggestions:

1. You shouldn't apply for the same or similar trademark in the same category. Before application, you can have a check of the trademark to avoid the wasting of your time.

2. Don't violate to a prior right of another person. When you apply for the registration, you should not violate to other's right, even if you have registered successfully, the trademark will be rescinded.

3. Don't indicate the quality, raw material, function of the commodity directly in the trademark, and propagandize or exaggerate with fraudulence.

4. Don't try to apply for the general name of certain field. The obvious main purpose of applying for general name of the field is to take up the nouns exclusively against other competitors. And this behavior is prohibited by law.
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