Capture the Opportunity to Develop Your Business in Guangdong,China

"Guangdong 21st Century Maritime Silk Road International Expo" is a valuable cooperation platform organized by China Council for the Promotion of International Trade Guangdong Provincial Committee to further enhance the multilateral investment and trade cooperation between Southeast Asia and China.

Did you miss the chance to get free booths in the exhibition? Do you want to visit the exhibition to purchase goods? Here comes the chance! Touch Law Firm would like to provide MORE BUSINESS OPPORTUNITIES for our clients. We are glad to invite you to join the exhibition as BUYERS for free.

Make the application via Touch Law Firm, you can get benefits below,
1. Free shuffle bus from Guangzhou to Dongguan
2. Free accommodation in appointed hotel for 2 days
3. Free meals

Three Business Opportunities,
1. A good chance to find high quality suppliers
2. Exploring new business opportunities
3. A large international exhibitions of various industries to invest in

Four Exhibition Areas,
1. Special competitive products trade cooperation area
2. Investment cooperation platform display area
3. Tourism culture cooperation exhibition area
4. Cross-border trade e-commerce exhibition area

Venue: Guangdong Modern International Exhibition Center, Houjie Town, Dongguan City
Agenda: October 31, 2014 (Professional Purchase Day)
November 1 - 2, 2014 (Public Days)

How to Register as a Buyer?

If you want to be one of buyers in the exhibition, please contact our WeChat online secretary Ms. Touch (WeChat ID: touch-law-firm), before 14:00 at October 17, 2014.

Share the unmissable exhibition with more business friends on “Moments” to seize the opportunity.

If there is any question about the exhibition, please contact us at +8620-8355 5515, or via WeChat (ID: touch-law-firm). 

Read More:
 Capture the Very Opportunity to Develop Your Business
Are You in Need of Guangzhou Company Registration?

Important Notice to Our Yemen Clients that Wanna Go to Hong Kong

The Hong Kong Immigration Department announced on September 22th, 2014 that nationals of the Republic of Yemen will require a visa to enter Hong Kong for whatever purpose (including those who remain on the airside in transit) from September 29th, 2014.

At present, nationals of the Republic of Yemen may visit Hong Kong visa-free for a stay of up to 30 days.

"Hong Kong has all along adopted an open visa policy, under which nationals of about 170 countries and territories may visit Hong Kong visa-free for periods ranging from seven to 180 days. With a view to ensuring that a proper balance is maintained between facilitating the entry of genuine visitors and the need to safeguard the integrity of immigration control, the visa policy is subject to constant review and changes will be introduced if circumstances so warrant," an Immigration Department spokesman said.

Touch Law Firm can provide Hong Kong visa services with simple process. If you are interested in our Hong Kong visa services, please contact our online secretary Ms. Touch (Touch-Law-Firm), or call at +8320-8355 5515.

Read More:
Important Notice to Our Yemen Clients

Watch Out of the Low Fees of China Company Registration with High Risks

Dear Valued Clients,

Touch Law Firm wish to thank you for your continuous trust and support in our services. At Touch Law Firm, we provide professional business solutions for our clients to make business easy in China, thus we also feel responsible to warn our clients of potential risks and dangers we have seen in recent times.

Recently, many new clients came in to seek our advice on cases that things had severely gone wrong due from low-price oriented service agents they mistrusted, which has lead them and their businesses to suffer great losses both on time and financially.

Touch Law Firm would like to warmly notify you of such risk and hope our clients can avoid these potential dangers and losses: For your business to carry out smoothly, it is very important to choose your service agent very carefully and not solely based on low-price. As we have seen, low-price comes with high risk and big problems.

To make your business easier in China, we strongly urge you to choose an experienced, qualified and trustworthy service agency to help you and your business develop in China.

Thank you for your time! If you have any questions, please contact at 020-8355 5515.

Sincerely yours,

Touch Law Firm
September 26, 2014

Read More:

 Watch Out of the Low Fees of China Company Registration with High Risks

Do You Know Alibaba Company is an Offshore Company?

Alibaba is the toast of Wall Street as it heads into what may be the largest initial public offering in history.
Although Alibaba is Chinese, it is incorporated in the Cayman Islands and will list on U.S. markets -- an unusual setup that can make an investor's head spin. China has prohibitions on foreign ownership, which means U.S. investors won't actually own the company's Chinese assets. Instead, investors will own a Cayman Islands company called Alibaba Group Holding Limited.
Why Alibaba Chooses to be an Offshore Company?
The Cayman Islands are a British Overseas Territory located in the western Caribbean Sea. It is also a major financial center and has the fifth largest banking sector in the world with a high concentration of top quality service providers. Due to its strong links with the UK the Cayman Islands is considered very politically stable, protected and safe. The Cayman Islands offer a tax efficient, respected jurisdiction for the incorporation of an offshore company. The formation of an Offshore Company is a tax efficient solution for international entrepreneurs.

The key benefits of offshore company are listed below:
-All documents and legislation are in the official language of English
-There is no annual reporting, accounting or auditing requirements for an Offshore Company
-Only one shareholder and one director are required. These can be the same person or a corporate body and do not need to include a local
-There is a complete lack of direct taxation; no corporation, property, capital gains or withholding taxes. This legislation is backed by a 20 year government guarantee (rising to 30 years on application) enabling long term business planning
-There is no minimum capital requirement for an offshore Company formation
-The business does not need to be run from the Cayman Islands or other offshore countries/regions. It can be run from anywhere in the world
-Corporate bank accounts
Until now, thousands of subsidiaries, many from world class companies, have indeed set up offshore companies. They include Coca-Cola, Oracle Corp, Procter & Gamble, General Motors, Intel, FedEx, Sprint and etc. Offshore Company absolutely is one of the best choices for the worldwide investors to make their business easy. In addition, Hong Kong company is the most popular offshore company. If you want to learn more about the Offshore Company registration, please contact at +8620-8355 5515, email to info@touchlawfirm.com or chat with our online secretary Ms. Touch (Touch-Law-Firm).

Read More:
Do You Know Alibaba is an Offshore Company? 
Are You Worried about the Tax & Accounting of Your Company?

768 Foreigners Deported from Guangzhou So Far in 2014

Guangzhou authorities are getting tougher on foreigners who work and live illegally in China. So far this year, 768 foreigners have been deported with African foreigners constituting a large portion of those.

Offences that have resulted in deportation include expired passports, overstaying visas, working without the correct certification and illegal entry, among others.

Here are warm tips for foreigners in China. Please remember of being out with a copy of your valid passport and getting the accommodation registration form from police station as soon as you enter China.

If you are one of million foreigners living in Guangzhou for a long time (no matter you have a job or do business here), you’d better apply for a residence permit (Also called work visa).

If you have problem with applying for Chinese visas or resident permits (1 year multi-entry), please contact us at +8620-8355 5515 or contact our online secretary Ms. Touch (ID: touch-law-firm) to get help!

Read More:

768 Foreigners Deported from Guangzhou this Year

How to Get Hong Kong Visa in Guangzhou?

Vice President of CCPIT Guangdong visited Touch Law Firm

On September 2nd, 2014, Ms. Zhang Hua, Vice President of China Council for the Promotion of International Trade Guangdong Committee (CCPIT Guangdong) visited Touch Law Firm, accompanied by other officials. Touch Law Firm Managing Director Mr. Jimmy Li Tianzhi welcomed the arrival of the committee leaderships, and made a detailed report on the work.

During the visit, Vice President of CCPIT Guangdong Ms. Zhang Hua learned about the advanced commercial investment advisory services and the industry situation in details. She fully approved Touch Law Firm’s contribution to the attraction of foreign investment and the Guangdong provincial economic and trade development. And she encouraged Touch Law Firm to grasp opportunities adequately and give full play of company advantages to have larger development.

Touch Law Firm Managing Director Mr. Jimmy Li Tianzhi expressed his thanks to the Vice President of CCPIT Guangdong Ms. Zhang Hua’s visit and guidance. He said, Touch Law Firm will respond to the commission to make a good effort for the construction of Guangdong economic.

Breaking the Record of Touch Law Firm's Best Sales Ever

We believe in nothing is impossible. In the past August, we've broken our sales record and created the best sales achievement in the history of Touch Law Firm.

Heartfelt thanks to all our guests and partnerships, and the people have ever supported us. The achievement not only belongs to us, but also the development of Guangdong foreign investment and Guangdong economics. We believe we will have a bright future in doing business in Guangdong.

Let's keep in TOUCH and MAKE BUSINESS EASY!

Touch Law Firm Helped to Promote the 21st Century Maritime Silk Road

On August 28, 2014, Guangdong and the World & the Co-construction of 21st Century Maritime Silk Road dinner event was held in Guangzhou Chao Fu restaurant. The consul general from different countries and accomplished entrepreneurs from Fortune 500 companies gathered together and discuss the future business development and cooperation.

The event was hosted by Guangdong Public Diplomacy Association, co-organized by the Guangdong International Chamber of Commerce, the Department of Commerce and the Guangdong Association of Enterprises with Foreign Investment. As the assist party, Touch Law Firm’s managing director, Mr. Jimmy Li Tianzhi and other senior executives and clients are invited to the event. 

Guangdong Provincial Deputy Governor Ms. Zhao Yufang made a welcome speech and expressed her warm congratulations to the event.

The ambassador of Singapore Embassy, Chairman of Malaysia-Guangdong Chamber of Investment Promotion, Chairman of Egypt-China Friendship Promotion Association, Vice Chairman of the China-Arab Business Council, President of Guangdong Public Diplomacy Association, Tang Bingquan, vice president of Guangdong International Chamber of Commerce, Chen Zhihua, etc.( listed in no particular order) made speeches.

Guangdong’s Foreign-funded Enterprises' Number was Ranked the First of China

Guangdong saw a surge in new Foreign-funded enterprises registration after the implement of measures of Guangdong industrial and commercial registration reform, which ranks the first of China, the data of Guangdong industrial and commercial bureau showed.

The implement of registration reform attracts foreign companies to invest in Guangdong. Especially Guangdong loosens the condition of capital registration which does not require the down payment at certain ratio of registered capital and cancel the 2 years payment deadlines of registered capital. There are also some other optimized measures such as loosening the company operation site registration management, electronic version of business license annul inspection change to publicity of annual repost and others which optimizes the business environment and promote the social and economic development. 

By the end of Jun, about 3,625 foreign-owned enterprises have finished registration in Guangdong. The registered capital of these new companies totaled 8.891 billion USD, rising 35.85% from the same period of last year. And the total amount of foreign-owned enterprises has been up to 101,800, which registered capital totaled 315.307 billion USD, rising 1.19% and 3.82% from the same period of last year respectively.

Touch Law Firm has experiences for over 8 years in Foreign-funded enterprises registration, tax & accounting, as well as intellectual property, visa service, offshore business service and legal service etc. If you are interested in our service, please contact our online secretary Ms. Touch ( Wechat ID: Touch-Law-Firm ), call at +8620-8355 5515 or email to info@touchlawfirm.com

Legal Service to Protect Your Profit: China Contracts and the Unknown Counterparty

Whenever one of our China lawyers drafts an agreement for a client doing business in China, one of the first things we ask is the identity of the Chinese counterparty. It’s a deceptively simple question.

The typical Chinese manufacturer (for example) is composed of multiple entities, with complicated lines of ownership. One entity may run the factory, another entity may run the office, and a third entity may serve as a holding company – and is probably based in Hong Kong. Overseeing the entire operation is a controlling shareholder who could care less which entity is the contracting party. And every single person on the Chinese side ignores corporate formalities and behaves as if all the entities are interchangeable.

But the entities are not interchangeable, and the counterparty matters. How it matters depends on your goals and the Chinese side’s corporate structure.

One basic rule is that the counterparty should have financial resources. No rational company should sign an agreement with a counterparty that is effectively judgment-proof. But many holding companies, especially those in Hong Kong, conduct no business other than receiving payments, and their bank accounts are emptied every few days.

Another rule is that the counterparty should be the entity that you pay. In the face of a stack of wire transfer receipts and a signed contract, it’s hard to argue that a business relationship doesn’t exist. This rule is considerably less compelling, however, when the Chinese side insists that payments be made to its holding company.

Meanwhile, if you have any hope of stopping IP infringement, the counterparty should be the entity most likely to steal your IP – the factory. But the factory may be an otherwise impractical choice if it has neither financial resources nor English-speaking personnel.

Similarly, you will need to consider dispute resolution, especially if the holding company is a Hong Kong entity. Where do you want to litigate (or arbitrate)? And where do you need to enforce the judgment?

Regardless of the named counterparty, any contract should reflect the reality of your relationship with the Chinese side. If the factory handles manufacturing and shipping, the office handles communication and orders, and the holding company handles all payments, then the contract should make that clear. The ideal situation, of course, would be for one Chinese entity to handle everything. But reality rarely matches the ideal.

Touch Law Firm provide annual legal counselor service for you. Professional legal advice and solutions can help you avoid all the different risk in China. If you are interested in our legal service in Guangzhou, please contact our online secretary Ms. Touch ( Wechat ID: Touch-Law-Firm ), call at +8620-8355 5515 or email to info@touchlawfirm.com