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Fenix forex trading firm in australia china case study

Case Study: Tam Hangers,Tam Hangers

28/1/ · 1 Fenix Forex Trading Firm in Australia – China Case Study A Forex trading firm based in Sydney, Australia named Fenix Markets sought to expand its Chinese business. It has branches in the United Kingdom, Canada, Australia, Cyprus, Israel and the United States. In , it had valued its value at more than $ million. The company is listed on the THE RESULT. Delivered ahead of schedule by FENIX, still fully implemented, resulting in more than global staff using the client org’s personalized solution daily as one source of truth. 27/1/ · As a newcomer to the retail FX trading business, it is still trying to establish a positive reputation. The premise behind their development was to attract Chinese clients. Despite this, FENIX decided to launch a new syndicated service that leverages its extensive expertise in cardiometabolics and offer a new digestible way to contextualize the market. The new service ... read more

It should clearly reflect the company role and image. Consideration should also be made of the characteristics of the Chinese characters. Many words or characters have similar meaning or sounds which can strongly influence the impact of the chosen name both positively and negatively!

Note that the name registration can be done early whilst you prepare further, and to aid trademark registration. It is not necessary to immediately submit company filing to MOFCOM after the name is approved. Note also that it is common to submit more than one name for consideration. Rent office space as necessary. Before submission for WFOE incorporation, it is necessary to have a lease for company space in the city of registration. The contract for this needs to be valid for a year from registration date.

It is advisable to include a condition in the leasing contract to cancel the lease in case of registration refusal or difficulties. Carry out environmental impact assessment — Only for a manufacturing WFOE. If registering a manufacturing WFOE, an environmental impact assessment will need to be carried out by a registered agency. This is done in order to obtain an approval certificate from the local environmental protection authority. The procedure and required approval varies with the scale of the manufacturing operation and its potential impact, and will include consideration of material used, produced and disposed, machinery to be used, as well as any existing plans for environmental protection.

Online registration via MOFCOM. The registration process has been significantly simplified in recent years, and now makes use of an online filing submission. This is much faster than the previous methods, but still requires a lot of documentation! It should be noted that there is a somewhat greater burden with online submissions to have all details correct and finalized.

If rejected, the application will need to be revised and resubmitted. Following approval from MOFCOM, the application for a business license with the local Administration of Industry and Commerce AIC needs to be made.

This is another process that has been greatly simplified and quickened in the past couple of years. Previously each of these required separate applications and naturally this was much more time consuming. Again, this is now an electronic submission, accompanied by significant documentation see section on documents required. Once submitted the AIC will share documentation with other relevant authorities to issue licenses — a major time improvement! We would expect to reach this point in months.

Carving chops for the new company. To Chinese business newcomers, the importance of chops is often a surprise! Every company requires a set of chops, or seals, to be used as representation for signing official documents.

These hold the final say, above individual signatures. Chops can be applied for through the Public Security Bureau PSB following company set up. Several additional chops are needed for different business areas e. financial, invoice sealing and customs if appropriate. Each will have the company name in Chinese and English if required. Opening bank accounts. Once chops are obtained, they can be used to open the WFOEs Chinese bank accounts. A WFOE should have at least two accounts, preferable with the same institution Chinese or foreign banking institution are equally acceptable depending on company preference.

VAT registration. WFOEs must be registered for VAT payments with the local tax bureau. A new WFOE which qualifies for small scale may choose to register under either category. In general, a lower VAT rate is paid for companies that qualify as small scale, but there are some potential advantages in registration for general status such as the ability to deduct input VAT. Discussion of individual situation with a tax expert is advisable here. Customs and import-exit registration — for trading WFOEs only.

For trading WFOEs involved in import-export there are several additional registrations required, which are not automatic under the AIC business license application. These must be made separately following company incorporation and the exact requirements depend on the company operation area, but will likely include the following:.

Issue contracts and complete necessary registration for employees. Whilst this is not formally necessary before the company starts trading, it is best at this stage to ensure everything is set up correctly. Formal contracts need to be issued from the new WFOE for all local employees. Also, registration will need to be made for employee tax and social benefits accounts. Companies may well already have local employees working for them, often through a previous representative office structure or employed on their behalf by a Chinese agency.

The new WFOE can now employ them directly. A WFOE requires an executive director or board , as well as one or more separate supervisors who oversee director and company performance. A general manager who can also be a director is needed with responsibility for day to day operations. Ratios and requirements for boards are defined and depend on company size. A WFOE is the best option to protect your IP rights in China.

There is no need to share business information with a partner, and the WFOE structure provides some level of protection under Chinese law. WFOE Registration.

Representative Office. Joint Venture JV. Annual Tax Return. Company Secretary. Level-up with search. This is part of the pull experience. Our platform was engineered by FENIX Labs for scale to be dynamically responsive under any consumption scenario. Our profiles render content from a centralized database, so you can access them at any time across devices without being stuck inside a PPTX file.

Privacy Policy Terms and Conditions. Case Study Two admin T FENIX - Labs Capabilities - Case Study One. THE SOLUTION. The FENIX syndicated service in cardiometabolics included:. THE RESULT. LEARN MORE. SEE WHAT LABS CAN BUILD FOR YOU. Have any questions for the Labs team? Find out why those who work with FENIX consistently provide positive comments about working with FENIX Labs. By centralizing their source of truth in one unique platform, they could look at the market and competitive environment through their own standardized lens.

The client company was in a great position to reimagine what best practice could be and outsourced the building and maintenance of their vision to FENIX. The convincingly high level of engagement the client has achieved gives FENIX confidence it delivered on its value promise. Privacy Policy Terms and Conditions. Case Study One admin T FENIX - Labs Capabilities - Case Study One.

THE SOLUTION. The dashboards are currently used as a unique knowledge repository by the pharma company and fully maintained by FENIX. An interactive and multi-device map that allows them to surf through the current market landscape, highlighted by its user experience and non-linear navigation mode.

A content blast mechanism with multi-device notifications, in addition to inbox email, to alert internal stakeholders of key market news and insights.

One of the top companies in the pharma industry came to FENIX with a business challenge to overcome. The global organization had different kinds of internal workstreams related to competitive intelligence, all with different budgets and different research scopes. By centralizing their source of truth in one unique platform, they could look at the market and competitive environment through their own standardized lens.

The client company was in a great position to reimagine what best practice could be and outsourced the building and maintenance of their vision to FENIX. The convincingly high level of engagement the client has achieved gives FENIX confidence it delivered on its value promise. Privacy Policy Terms and Conditions. Case Study One admin T FENIX - Labs Capabilities - Case Study One. THE SOLUTION. The dashboards are currently used as a unique knowledge repository by the pharma company and fully maintained by FENIX.

An interactive and multi-device map that allows them to surf through the current market landscape, highlighted by its user experience and non-linear navigation mode. A content blast mechanism with multi-device notifications, in addition to inbox email, to alert internal stakeholders of key market news and insights. THE RESULT. SEE WHAT LABS CAN BUILD FOR YOU. Have any questions for the Labs team? Find out why those who work with FENIX consistently provide positive comments about working with FENIX Labs.

Consulting Syndicated Services Employment Schedule a Meeting Other. I AGREE AND CONSENT to receive promotional communications on news, events and activities related to FENIX GROUP, including all its member companies, services and products via e-mail, SMS, telephone or similar. For more information, please, visit our Privacy Policy. Copyright © Fenix Group International, LLC. If you would like to obtain more information, please visit our Cookie Policy. Functional Functional Always active The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.

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THE SOLUTION,Case Study

In August , during the Covid pandemic, Tam Hangers once again contacted FDI China to register a trading company in the Shanghai Free Trade Zone. Our account manager worked Founded in _ Fenix International is a venture-backed _ for-profit renewable energy company with offices in Silicon Valley & East Africa. Fenix operates on th-e front line o/f It has branches in the United Kingdom, Canada, Australia, Cyprus, Israel and the United States. In , it had valued its value at more than $ million. The company is listed on the FENIX decided to launch a new syndicated service that leverages its extensive expertise in cardiometabolics and offer a new digestible way to contextualize the market. The new service Linear regression trading forex fenix forex trading firm in australia china case study. Imports increased in all sectors, led by metal ores and minerals, energy products, and aircraft and Here at Fenix Forex, we do all the hard work for our clients. We analyze the markets, keep a close eye on world economy and craft the perfect signal for our clients. We give details of ... read more

About Us. FREE Webinar: 3 Ways to start Businesses in China NOV 29th. It is not necessary to immediately submit company filing to MOFCOM after the name is approved. Pin your points of interest which are then saved to the cloud, updated in real time, and synced on all your devices. Contact Us. Note that there is now much more flexibility than in the past regarding the time period over which capital should be injected.

Sell Online in China Company Closure. Case Study: Tam Hangers. Can be formed without a Chinese partner. The technical storage or access that is used exclusively for statistical purposes. Without a subpoena, voluntary compliance fenix forex trading firm in australia china case study the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. After Tam Hangers was all set up in the Shanghai Free Trade Zone, we provided bilingual templates for employment contracts and transferred the employees they had outsourced us to hire on their behalf over to their newly wholly foreign owned enterprise. A separate capital contribution account, designated in foreign currency.

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