FROM SEA FARMING EXPORT - TO INTERNATIONAL HI-TECH INDUSTRY.
SINOR is in the process of planning the establishment of the world's largest R.A.S. production facility with integrated processing and logistic centre to serve the Chinese and South East Asian markets with live Atlantic Salmon......
While the global economy continued to struggle over the past 12 months, China's economic performance remained strong and it contributed the most in real terms to global economic growth for the sixth consecutive year. European companies have benefited from this growth, with increased revenues and higher average profit margins in China compared to company performances being reported globally. With optimism about continued growth, China's strategic importance has correspondingly increased for most European companies, as has the strategic intention to serve the domestic market through their China operations. This is reflected in the plans of many companies to make further investments, increase the number of permanent staff positions and develop marketing and sales activities as companies increasingly see boosting domestic consumption as important to China's growth. Source EUCCC.
The Norwegian Atlantic Salmon from China will in the years to come supply the Chinese market as well as the and Asian markets with premium quality - guaranteed without antibiotics or vaccination. The Atlantic Salmon grows....
Foreign Investors generally establish a business presence in China in one of four modes: WFOE, Representative Office, Joint Venture and Hong Kong company, the definition difference between each of these are summarized below. Comparison Chart.
Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor. WFOE requires registered capital and it's liability of equity, can generate income, will pay tax in China and its potential profit could be repatriated back to investor's home country. Any enterprise in China which is 100% owned by a foreign company or companies is referred to as WFOE.
Representative Office (RO) is a Liaison Office representing the parent company. It requires no registered capital. The activities of RO is limited and would typically be: product or service promotions, market research serving the parent company's business, Quality Control, liaison office which often is used to facilitate a company's long term strategy in China. In general ROs are prohibited from generating revenue or contracts with local businesses in China.
Joint Venture (JV) is a Limited liability company formed between Chinese investor(s) and Foreign investor(s). The parties agree to create an entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise as specifically agreed. The JV structure was the mostly used company structure until 10 years ago. For the time being it is normally used by foreign investor to engage in the so called restricted areas such as Education, Mining, Hospitals etc.
Hong Kong company has usually been used as a Special Purpose vehicle (SPV) to invest in Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China - 1 country, 2 systems - lots of foreign investors, especially investors from Europe and North America still chose setting up a Hong Kong company as SPV to invest in China.