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on,32,1","commitment,16,3","commitments,34,1","committed,8,1","committing,14,1","communication,31,1","communications,14,1","companies,6,1,7,1,8,1,13,7,14,5,16,3","company,6,1,7,1,13,9,14,4,15,3,16,1,34,5","comparison,1,1,12,1,16,2","competitors,12,1","competive,8,1","complete,6,2,7,2,34,1","completed,6,1,7,1","compliance,14,2","comply,13,1","components,15,2","comprehensive,13,1,15,1,17,2,34,1","computer,6,1,7,1","conduct,14,1","connection,31,1","consequence,1,1,12,1","consider,13,1,34,1","consideration,6,2,7,2","consolidate,34,1","constitutes,6,1,7,1","construction,11,1","consult,16,1","consulting,1,5,3,5,4,5,5,5,8,4,9,5,10,5,11,5,12,4,13,3,14,2,15,2,16,6,17,4,19,5,20,5,21,5,22,5,23,5,24,5,25,5,26,5,27,5,28,5,29,5,30,5,31,5,32,5,33,5,34,5,35,5,36,5,37,5","consumer,17,3","consumption,17,2,23,1","contact,6,3,7,3,8,1,9,4,13,2,14,2,15,2,16,2,17,3","contained,16,1","contents,16,1","contract,34,1","contracted,17,1","contracts,15,1","control,15,1,34,1","controllership,15,1","controls,13,1","convenience,34,1","cooperative,34,1","copies,6,3,7,3","copy,1,1,3,1,4,1,5,1,6,1,7,1,9,1,10,1,11,1,19,1,20,1,21,1,22,1,23,1,24,1,25,1,26,1,27,1,28,1,29,1,30,1,31,1,32,1,33,1,34,1,35,1,36,1,37,1","corporate,22,4","corporate2,23,4","corporate3,24,4","corporation,13,5","corporations,13,2,14,1","corresponding,13,1","cost,16,4,34,1","costs,13,1,15,2","could,13,2,14,3,15,1,34,1","countries,13,1,16,1","country,13,1,20,1","county,14,2","course,15,1","cover,16,1","coverage,34,1","creative,8,1","credentails,10,4","credit,13,1","criteria,20,1","critical,15,1,16,1,34,1","cross,13,2","culture,8,1","curaçao,33,1","currency,13,1","current,15,2,16,1,20,1,34,2","currently,11,1","customs,15,1,16,1,20,6","cv,6,1,7,1","da,22,2","dabei,20,2","daher,19,1,21,1,22,1,25,1","damaging,14,1","damit,5,3,20,1","danaher,10,1","dank,5,1,23,1","daran,5,1,32,1","darin,25,1","darstellen,5,1","das,5,2,19,1,22,3,23,1,25,1,28,7,30,1,32,2","dass,3,2,4,1,5,2,19,1,22,3,32,3,35,1","data,6,1,7,1,17,2","database,24,1,31,2","date,6,3,7,3,14,1","datenbank,24,1","day,14,1","dazu,5,1","dazugehörigen,22,1","deal,15,2,31,3","decision,16,1","declaration,6,1,7,1","declare,6,1,7,1","decreasing,20,1","decree,16,2","deed,23,1","deemed,13,1","deficit,17,1","define,8,2","defined,13,1","definition,13,1","degree,6,1,7,1","delegates,6,1,7,1","delivered,17,1","dem,3,1,5,3,22,1,32,4","den,1,1,3,3,4,1,5,6,19,4,20,1,21,1,22,2,25,1,30,1,32,8,33,4,35,2","denen,5,1","dennis,13,1,14,1,15,1,17,2","department,6,2,7,2","departments,6,1,7,1","depending,16,1","dept,6,1,7,5","der,1,1,3,5,4,4,5,4,10,1,19,5,20,4,21,2,22,12,23,2,25,5,28,1,29,3,32,11,33,4,35,1,36,2","derive,16,1","des,3,2,5,1,19,3,25,2,28,3,29,2,32,1,36,2","deshalb,4,1","designated,13,1","detail,3,1,5,1","detailed,13,1,34,1","detailhandel,32,1","detaillierte,32,1","details,6,1,7,1","determine,34,1","develop,15,1,20,1","developing,15,1","development,17,2,32,1","die,1,2,3,9,4,4,5,6,10,2,19,3,20,4,21,2,22,12,23,1,24,2,25,12,27,1,28,9,30,1,32,13,33,1,35,6,36,1","dienste,32,1","dienstleistung,33,1","dienstleistungen,3,1,4,1,19,1,20,1,22,2,23,1,25,1,26,1,28,1,29,1,35,1,36,1,37,1","dies,3,3,5,1,19,1,22,2,23,1,25,1,28,1,32,2,36,1","diese,10,1,19,1,22,1,25,1,32,3,33,1","diesen,33,1","dieses,3,1,33,1","differences,34,1","different,15,5,16,3,31,1,34,1","differieren,28,1","difficult,15,2,16,1","difficulties,15,1","diligence,29,2,32,1,33,2,34,1","dinge,5,1","diploma,6,1,7,1","direct,17,3,34,1","directly,13,1","direkteste,32,1","direktimport,32,1","disadvantage,16,3","disclaimer,1,1,3,1,4,1,5,1,9,1,10,1,11,1,19,1,20,1,21,1,22,1,23,1,24,1,25,1,26,1,27,1,28,1,29,1,30,1,31,1,32,1,33,1,34,1,35,1,36,1,37,1","discount,1,1,12,1,15,4","discretion,14,1","discriminatively,14,1","dismissal,6,1,7,1","distribution,16,1,34,1","dividend,13,1","doc,6,4,13,4,14,4,16,4","document,15,1","documentation,15,2","documents,6,2,7,2,15,4,34,1","doesn,15,1","doing,13,1,15,1","dokumentation,22,1","dokumentationen,33,1","dokumenten,23,1,33,1","domestic,13,1,15,3,16,5,17,3","domestically,15,1","down,16,1","drill,16,1","due,14,3,29,2,32,1,33,2,34,1","durch,4,1,19,1,20,1,23,2,24,1","durchlaufzeiten,19,1","duty,16,3,23,1","early,15,1","earned,13,1","eases,13,1","easier,16,1","east,3,1,4,1,5,1,19,1,20,1,21,4","ebenfalls,5,1","economic,16,1,17,4,31,1","economics,1,1,12,1,17,2","educatio,6,1","education,7,1","educational,6,1,7,1","effective,13,1,14,1","effectiveness,34,1","efficiencies,16,1","effiziente,5,1","effizienz,20,1","eigenen,22,1,37,1","eigenes,25,1","einbezug,19,1","eine,1,1,3,1,4,1,5,1,19,1,20,3,21,1,22,1,24,2,25,1,28,3,32,5,33,3","einem,30,1,32,1","einen,3,1,4,1,5,2,32,1,37,1","einer,4,1,5,1,20,1,22,1,28,2,29,3,32,4,35,1","eines,4,2,32,1","einfach,5,1,22,1","einfache,5,1","einfachheit,5,1","einfachste,32,1","eingestellten,25,1","eingezahlt,32,1","einige,32,1,33,1","einkommenssteuer,25,1","einkommenssteuerabzüge,36,1","einkommensteuer,36,1","einreichen,36,1","einrichtungen,32,1","eintrittstrategie,29,1","einzuführen,19,1","einzugehen,3,1","einzuordnen,19,1","einzuschlagen,3,1"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arrFiles=new Array();arrFiles[0]=new Array(1,"index.htm","2006-01-29","Hendersen Consulting","","","October 2005, Comparison of Trade Vehicles in China March 2005, 2004 China Economics and Financial Highlights November 2004, Foreign Exchange Rules Further Relieved, New Treasury...... October 2004, Consequence for Not Paying Tax on Time September 2004, Get 57% discount on your new fixed asset purchase...... Archiv Wir sind eine Gruppe erfahrener Fachleute, die urspr&uuml;nglich bei Fortune100-Firmen und den 4 grossen Wirtschaftspr&uuml;fungsfirmen gearbeitet haben. Unser Ziel ist die -massive - Erh&ouml;hung der Wertsch&ouml;pfung unserer Kunden. Lesen Sie weiter... Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",17);arrFiles[1]=new Array(2,"search.html","2006-01-29","Search Engine Builder Standard -- Search this site","","","",1);arrFiles[2]=new Array(3,"about/index.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Leitbild und Vision Wir sind eine Gruppe erfahrener Fachleute, die urspr&uuml;nglich bei Fortune100-Firmen und den 4 grossen Wirtschaftspr&uuml;fungsfirmen gearbeitet haben. Unser Ziel ist die -massive - Erh&ouml;hung der Wertsch&ouml;pfung unserer Kunden. Unser Leitbild Wir sind der Partner des Erfolges unserer Kunden, Mitarbeiter und Interessenvertreter Unsere Vision Wir wollen der perfekte Berater mit erstklassigem Service für unsere Kunden sein, ob dies nun multi-nationale Konzerne oder KMUs sind. Wir haben realisiert, dass es im heutigen Umfeld 2 Arten von Beratern gibt. In der einen Hand, die grossen 4 internationalen, teuren Wirtschaftsprüfungsfirmen und in der anderen Hand die kleineren lokalen Firmen, welche günstiger sind, aber multinationalen Firmen nicht die benötigten Dienstleistungen bringen können. Viele CEOs und CFOs haben geäussert, dass sie gerne mit Beratungsfirmen arbeiten würden, welche die Lücke zwischen den grossen 4 und den lokalen Firmen schliessen könnten. Für uns ist dies die Stimme des Kunden. Wir von Hendersen hören auf unsere Kunden. Dies gibt uns die Gelegenheit unseren Kunden im Detail zu verstehen und auf seine Bedürfnisse einzugehen. Dieses Wissen erlaubt es uns proaktiv, kreative Schritte mit dem Kunden einzuschlagen und ultimativ die Wertschöpfung zu erhöhen. &gt;Nach oben &gt;Firmenwerte Our Affiliates First Trust Think Bridge East Pigeon Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",17);arrFiles[3]=new Array(4,"about/ourfirm.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Firmenwerte Die zentralen Werte können durch die 3-H in unserem Logo zusammengefasst werden: Hohe Qualit&auml;t der Dienstleistungen Hendersen ist gebildet aus Partnern und Managern welche in den 4 grossen Wirtschaftsprüfungsfirmen und in multinationalen Firmen gearbeitet haben. Die Kombination unserer umfassenden Kundenkontakte und unsere praktische Erfahrung im technischen und industriellen Umfeld machen uns zu einer erstklassigen Beratungsfirma in China. Hohe Integrität Integrität ist eines der Kernstücke der Hendersen Werte. Wir verlangen von unseren Mitarbeitern, sich streng an die ethischen Grundsätze zu halten. Unsere Mitarbeiter wurden in Ethik geschult und deshalb ist es für sie eine Selbstverständlichkeit, dass Kundeninformation und -kommunikation vertraulich behandelt wird.Integrität ist eines unserer Kernstücke, wenn wir Mitarbeiter, Partner oder Kunden auswählen. Hoher Zuwachs der Wertschöpfung Wir sind bestrebt unseren Kunden einen Mehrwert zu generieren indem wir neue Lösungen suchen. Wir helfen unseren Kunden Problemfelder zu analysieren, neue Möglichkeiten zu entdecken und am wichtigsten, wir unterbreiten Lösungen. &gt;Nach oben &gt;Unsere pers&ouml;nlichen Werte Our Affiliates First Trust Think Bridge East Pigeon Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",19);arrFiles[4]=new Array(5,"about/ourpeople.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Unsere pers&ouml;nlichen Werte Integrit&auml;t -- Mit unserer absoluten Integrität streben wir an in unserer Arbeit nur den höchsten Ansprüchen zu genügen (gegenüber dem Staat, den Kunden und unseren Mitarbeitern). Leidenschaftlich erfolgreich -- Trotzdem alles in China etwas schwieriger ist, glauben wir jedoch daran, dass wir mit unserer Kompetenz, unserem Selbstvertrauen, unserem Glauben zu gewinnen und unserer Nähe zum Kunden, das Unmögliche möglich machen können. Neue Ideen -- Bei Hendersen benutzen wir unsere gesamte Kreativität um neue Wege zu finden, wie wir unseren Kunden einen Mehrwert generieren können. Indem wir das grosse Bild ansehen, können wir Möglichkeiten entdecken, welche unseren Kunden in Geld messbare Resultate zeigt. Geschwindigkeit -- Bei Hendersen kennen wir den Wert der Geschwindigkeit. Schnelle und effiziente Antworten an unsere Kunden ist einer der Schlüsselpunkte in denen wir von unserer Konkurrenz abheben. In den Augen unserer Kunden zeigt eine schnelle Antwortzeit auch unser Fachwissen, unsere Vertrautheit mit den Abläufen und am wichtigsten unseren Bezug zum Kunden. Einfachheit -- Komplexe Sachverhalte einfach darstellen. Kein Kunde schätzt es, einen Bericht mit 50 Seiten zu erhalten. Dank unserer jahrelangen praktischen Erfahrung sind wir in der Lage unseren Kunden komplexe Sachverhalte im Detail zu ersparen, in dem wir uns auf die wichtigen Dinge konzentrieren. Dies gibt unseren Kunden die Möglichkeit schnell, informiert und kompetent Entscheidungen zu treffen. Führung -- Proaktiv die Führung zu übernehmen und unsere Kunden voll zu unterstützen. Wir zeigen nicht nur Risiken/Problem auf, wir finden ebenfalls einfache und applizierbare Ideen/Lösungen. Wir bieten unseren Kunden nicht nur Beraterdienste an, wir helfen auch aktiv bei der Implementierung mit. Bei Hendersen sind grossartige Lösungen ohne grosse Bedeutung, wenn wir nicht auch die fehlerlose Implementierung überwachen. Als Teil unserer Gesamtlösung arbeiten wir oft mit unseren Kunden bis alle offenen Punkte abgearbeitet sind. Netzwerk -- Bei Hendersen sind alle Partner, Manager und Mitarbeiter dazu angehalten, sich mit unseren Kunden zu verknüpfen. Nur damit können wir sicherstellen, dass wir die Anforderungen des Kunden in allen Belangen verstehen und damit auch die Lösungen bieten können, welche dem Kunden den grössten Nutzen bringen. Damit wird Hendersen auch zum Erfolgsfaktor unserer Kunden. Our Affiliates First Trust Think Bridge East Pigeon Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",17);arrFiles[5]=new Array(6,"careers/application form.doc","2006-02-24","application form","","","  APPLICATION  |The information provided in this application form |     |  |will be used for recruitment and      |Please affix |  |employment-related purposes, and is only    |photo    |  |accessible to staff in the Human Resources    |here,otherwis|  |Department and heads of related departments and |e application|  |their delegates.            |invalid.   |  |                  |     |  |You should complete this form in English, unless  |     |  |specified.              |     |  SECTION 1  YOUR EXPECTED POSITION AND SALARY  |1.1 Position to which you are  |1.2 Expected salary, please |  |applying         |specify         |  |? Junior Staff       |          |  |? Experienced Staff      |          |  |? Senior Staff       |          |  |? Admin/Marketing Dept     |          |  |           |1.3 Other Special Expectation |  |           |          |  SECTION 2  ABOUT YOURSELF  |PERSONAL PARTICULARS                |  |2.1 Name in Chinese:    |Name in English (if applicable)|  |            |           |  |            |           |  |2.2 Gender:   ? M   |2.3 ID/Passport No.:     |  |? F           |           |  |2.4School Address (if being student, in Chinese)      |  |                      |  |                      |  |Post Code:                  |  |Phone No.:                  |  |YOUR CONTACT DETAILS                |  |2.5 Home Address (in Chinese)             |  |                      |  |                      |  |Post Code                   |  |Phone No.                   |  |                      |  |Mobile No.:                   |  |E-mail address:                 |  |                      |  |Urgent Contact Name and Number:           |  |2.6 EDUCATIONAL BACKGROUND (in Chinese )        |  |Level |Name of   |Period   |Majoring|Degree/Diploma|  |    |University/ |Attended   |in  |/     |  |    |College/School|(mm/yy to  |    |Certificate |  |    |      |mm/yy)   |    |Received  |  |Universi|      |     |    |      |  |ty/   |      |     |    |      |  |College |      |     |    |      |  |High  |      |     |    |      |  |School  |      |     |    |      |  |Other |      |     |    |      |  |Recogniz|      |     |    |      |  |ed  |      |     |    |      |  |Educatio|      |     |    |      |  |n/  |      |     |    |      |  |Training|      |     |    |      |  * Please attach copies of University/College certificates  |2.7 ACHIEVEMENTS AND RECOGNITION            |  |(Honors, Scholarships, Awards, etc. Please attach copy of   |  |certificates)                 |  |Name of Award |Year Received  |Nature of the Award   |  |      |       |          |  |      |       |          |  |      |       |          |  |      |       |          |  |2.8 PROFESSIONAL MEMBERSHIP, IF ANY           |  |Name of        |Type of    |Year of Admission |  |Institute/Society/Associati|Membership   |        |  |on         |     |        |  |         |     |        |  |         |     |        |  |         |     |        |  |         |     |        |  |2.9 LANGUAGE SKILLS               |  |Language   |Name of Test |Date Taken  |Grade/Score   |  |     |     |      |      |  |     |     |      |      |  |     |     |      |      |  |     |     |      |      |  |2.10 COMPUTER SKILLS                |  |Name of  |Date Taken   |Grade/Score        |  |Test   |       |           |  |     |       |           |  |     |       |           |  |     |       |           |  |     |       |           |  |     |       |           |  |2.11 WORKING EXPERIENCE (in Chinese)          |  |Name of |Full Time/|Positio|Period of   |Main    |  |Company |    |n Held |Employment    |Responsibility|  |    |Part time |   |(mm/yy to mm/yy)  |      |  |    |    |   |      |      |  |    |    |   |      |      |  |    |    |   |      |      |  |    |    |   |      |      |  |    |    |   |      |      |  |    |    |   |      |      |  * Please attach copies of references if available  |2.12 ABOUT YOURSELF (in English)           |  |Please attach your CV and other relevant documents you feel  |  |helpful in better understanding you.           |  |                       |  |                       |  |                       |  |                       |  |                       |  |                       |  |                       |  |                       |  |                       |  |                       |  SECTION 3  ABOUT YOUR FAMILY  |3.1 FAMILY INFORMATION (in Chinese)           |  |Relationship |Name    |Employer  |Position   |  |with You   |      |      |       |  |     |      |      |       |  |     |      |      |       |  |     |      |      |       |  |     |      |      |       |  SECTION 4  ADDITIONAL INFORMATION  |Please provide any other information you feel may be useful in  |  |our consideration of your application in attachments    |  |                      |  SECTION 5  DECLARATION  1. I declare that the information given in this application form is true,   accurate and complete to the best of my knowledge. I understand that the   provision of false or misleading information constitutes grounds for non-   consideration of this application, or immediate dismissal after   employment.  2. I understand that the data collected in this application form will be   used by Neuventure and its associated companies to assess my eligibility   for employment and for other employment-related purposes. Information of   my unsuccessful application will be kept for a period of six months.    |           | |          |  |Applicant \'s Signature    | |Date        |    SECTION 6  CONTACT US  Please send the completed application form together with other relevant  documents and copies of academic transcripts to the Human Resources  Department of the Neuventure office as follows:  |Unit 2308-2310, 1 Grand Gateway |????????1?        |  |No.1 Hongqiao Road, Shanghai  |??????2308-2310??     |  |200030,PRC        |200030          |  |            |??:+ 86 21 6447 7878    |  |Tel: + 86 21 6447 7878    |??:+ 86 21 6447 3722    |  |Fax:+ 86 21 6447 3722     |            |  |            |www.hendersen.com     |  |www.hendersen.com     |admin@hendersen.com     |  |admin@hendersen.com     |            |  [pic]  ",475);arrFiles[6]=new Array(7,"careers/application form.pdf","2006-02-24","HR/Admin Dept","","","APPLICATION  The information provided in this application form will be used for recruitment and employment-related purposes, and is only accessible to staff in the Human Resources Department and heads of related departments and their delegates. You should complete this form in English, unless specified.  Please affix photo here otherwise application invalid.  SECTION 1  YOUR EXPECTED POSITION AND SALARY  1.2 Expected salary, please specify  1.1 Position to which you are applying  Junior Staff  Experienced Staff  Senior Staff  Admin/Marketing Dept  1.3 Other Special Expectation  SECTION 2  ABOUT YOURSELF  PERSONAL PARTICULARS  2.1 Name in Chinese: Name in English (if applicable)  2.2 Gender:  M  F  2.3 ID/Passport No.:  2.4School Address (if being student, in Chinese)  Post Code:  Phone No.:  YOUR CONTACT DETAILS  2.5 Home Address (in Chinese)  Post Code Mobile No.: E-mail address: Urgent Contact Name and Number:  Phone No.  Page 1 of 4    2.6 EDUCATIONAL BACKGROUND (in Chinese )  Level University/ College High School Other Recognized Education/ Training * Please attach copies of University/College certificates Name of University/ College/School Period Attended (mm/yy to mm/yy) Majoring in Degree/Diploma/ Certificate Received  2.7 ACHIEVEMENTS AND RECOGNITION (Honors, Scholarships, Awards, etc. Please attach copy of certificates) Name of Award Year Received Nature of the Award  2.8 PROFESSIONAL MEMBERSHIP, IF ANY Name of Institute/Society/Association Type of Membership  Year of Admission  2.9 LANGUAGE SKILLS Language Name of Test  Date Taken  Grade/Score  2.10 COMPUTER SKILLS Name of Test Date Taken  Grade/Score  Page 2 of 4    2.11 WORKING EXPERIENCE (in Chinese) Name of Full Time/ Position Period of Employment Company Held Part time (mm/yy to mm/yy)  Main Responsibility  * Please attach copies of references if available  2.12 ABOUT YOURSELF (in English) Please attach your CV and other relevant documents you feel helpful in better understanding you.  SECTION 3  ABOUT YOUR FAMILY  Employer Position  3.1 FAMILY INFORMATION (in Chinese) Relationship with Name You  SECTION 4  ADDITIONAL INFORMATION  Please provide any other information you feel may be useful in our consideration of your application in attachments  Page 3 of 4    SECTION 5  1.  DECLARATION  I declare that the information given in this application form is true, accurate and complete to the best of my knowledge. I understand that the provision of false or misleading information constitutes grounds for non-consideration of this application, or immediate dismissal after employment. I understand that the data collected in this application form will be used by Neuventure and its associated companies to assess my eligibility for employment and for other employment-related purposes. Information of my unsuccessful application will be kept for a period of six months.  2.  Applicant \'s Signature  Date  SECTION 6  CONTACT US  Please send the completed application form together with other relevant documents and copies of academic transcripts to the Human Resources Department of the Neuventure office as follows: Unit 2308-2310, 1 Grand Gateway No.1 Hongqiao Road, Shanghai 200030,PRC Tel: + 86 21 6447 7878 Fax:+ 86 21 6447 3722 www.hendersen.com admin@hendersen.com  1 2308-2310  200030 + 86 21 6447 7878 + 86 21 6447 3722 www.hendersen.com admin@hendersen.com  Page 4 of 4    ",109);arrFiles[7]=new Array(8,"careers/index.htm","2006-01-29","Hendersen Consulting","","","Word(208K) PDF(105K) Careers with Us Who are we looking For? We need people who are proactive, creative, with unyielding integrity, passion for work and committed to client services.. See more about our culture.. Don \'t let your job define yourself, you can define your career in Hendersen! What do We Offer? - We offer exposures to the world \'s most renowned companies as our clients; - We offer world class training programs; - We offer competive packages and option programs. Contact Us If you believe you are the person, send your resume to the following address. admin@hendersen.com New Job Openings Shanghai - Manager - Senior - Staff",8);arrFiles[8]=new Array(9,"contact/index.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Kontakt SHANGHAI Unit 2308 - 2310, 1 Grand Gateway No.1 Hongqiao Road Shanghai 200030, PRC Tel: +86 21 6447 7878 Fax: +86 21 6447 3722 admin@hendersen.com www.hendersen.com BEIJING Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",11);arrFiles[9]=new Array(10,"credentails/index.htm","2006-01-29","Hendersen Consulting","","","Unsere Kunden Case Studies Our Clients Die meisten unserer Kunden sind Fortune500-Firmen.Wir sind die Organisatoren der Multinational Tax Association, in China. Diese informiert unsere Kunden über behördliche und steuerliche Neuerungen, sowie über praktische Erfahrungen unserer Kunden. Alcatel GE Transportation AMEC General Motors Anheuser-Busch Maserati Arch Chemicals Micro Inks BASF Micron Technology Bayer National Oilwell Varco BMW NBC Universal Boeing OBI Bryan Cave Olam International Danaher Penske Logistics Ferrari Rexnord GE Advanced Materials Turnils GE Capital Tyco GE Energy Wacker Chemicals GE Infrastructure XP Power GE Medical Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",13);arrFiles[10]=new Array(11,"industries/index.htm","2006-01-29","Hendersen Consulting","","","Automobile Financial Services Retail Real Estate The page is currently under construction Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",9);arrFiles[11]=new Array(12,"newsletter/index.htm","2006-01-29","Hendersen Consulting - News Letters","","","China New Flash October 2005 Issue One - Comparison of Trade Vehicles in China March 2005 Issue One - 2004 China Economics and Financial Highlights November 2004 Issue One - Foreign Exchange Rules Further Relieved, New Treasury Options Available October 2004 Issue One - Consequence for Not Paying Tax on Time September 2004 Issue One - Get 57% discount on your new fixed asset purchase... Have you captured it? Establish your world-class stat and tax reporting process, benchmarking with your competitors Transfer pricing in China: What is the right way, anyway?",2);arrFiles[12]=new Array(13,"newsletter/NewsletterNoV0401.pdf","2006-02-24","Microsoft Word - NewsletterNOV0401.doc","","","HENDERSEN CONSULTING  S November 2004  IMPLY THE  B  EST  China Tax Update ?Issue No. 2004.111  AS CHINA GRADUALLY EASES ITS FOREIGN EXCHANGE CONTROLS, MULTINATIONAL COMPANIES OUGHT TO REVIEW ALL THE TREASURY OPTIONS AVAILABLE NOW.  On October the 18th 2004, the State Administration for Foreign Exchange (SAFE) issued Circular 104 [Hui Fa (2004)] to offer multinational companies with more flexibility in treasury and financing among their member companies in and outside China. In short, pursuant to the Circular, effective November 1, 2004, multinational companies may move its foreign exchange surplus among its member firms both within China as well as cross-boarder either through their own group financing company as a loan or through a designated bank in form of entrust loan.  WATCH OUT: THE POTENTIAL TAX COSTS & SAVINGS COULD BE HUGE ...  RISKS For certain US corporations, the interest income earned on cross-border lending would be classified as Subpart F income and is subject to 35% US tax. Worse, when your China venture lends money to its parent (or grandparent) company, in certain cases, the entire loan amount could be classified as deemed dividend under Section 956 loan of the US Tax Code and subject to 35% US tax. OPPORTUNITIES If you venture in China pays tax at 15%, you may want to consider lending the foreign exchange surplus to an affiliate in Japan (or other high-tax countries). Under this arrangement, the Japanese entity can claim interest expense (to reduce its tax at 42%) while your Chinese entity only needs to pay tax in China at 15%. If you venture in China pays tax at 33% and it is invested through a intermediate holding company in a very low tax country (say, 5%), you may want to make a skip level Section 956 loan directly from China to the US (the grandparent company). By doing so, you can claim foreign tax credit at 33% (instead of 5%) to offset against your US tax liability...    CIRCULAR 104 ?CONTINUED: MORE DETAILED INFORMATION ...  DEFINITION OF MULTINATION CORPORATION GROUP The multinational corporations are defined in the Circular as those which having member companies within and outside China and a specific company in China responsible for regional or even global investment management functions for the group. Therefore, the Circular applies to both China domestic enterprise groups and foreign invested corporation groups. Specifically, the Circular does not apply to financial institutions. QUALIFICATIONS & REQUIREMENTS In respect to the loans between member firms within China, the lender and borrower shall comply with the following requirements: Both parties shall be legally registered and their registered capitals have been injected according to relevant schedule; All previous loans between the two party have been settled within the agreed terms; For overseas lending, on top of the above, the following requirements shall also apply: For foreign invested corporation group, there shall be no less than 3 member companies within China; The ratio of foreign exchange receivable of the lending company of a foreign invested corporation group to its total foreign exchange assets, as well as its balance between the foreign exchange purchasing and settlement shall be lower than the industry \'s benchmark; In addition, the lending company shall have equity of at least USD 30 million, and its net assets value shall be no less of the total assets. RESTRICTIONS The following restriction in implementation of the intra-group loan should be noted: The interest rate should be in line with the arm-length rate of peer market; The intra-group loan should be funded from the group companies \' own foreign currency reserve only; Foreign exchange loans lent through entrusting arrangement shall not be settled into RMB or mortgaged for other RMB loans purpose; No offsetting between loans, payables, or receivables is allowable. Term for each overseas loan is capped at 2 years; In case the funds from overseas lending will be subsequently used for purpose of overseas investment, the loaner is required to submit a guarantee from its overseas parent company for a full repayment of the principal. In addition, the Circular further requires that the year-end overseas loan entitlement of the loaner company inside China shall not fall below the sum of the corresponding loan principals. Failure to meet this requirement may lead to the suspension on the overseas lending right. An annual reporting to SAFE on the status of overseas loans is required for multinational corporation group having engaged in overseas lending for the period more than one year.  This publication is prepared for clients of Hendersen Consulting and other interested in our services. Comments are not intended to be comprehensive. For more information or advice on the above subject or analysis of other tax issues, please contact Dennis Xu, our Tax Partner, at (8621) 6335 3630, or send us an email at the address below. We will be glad to help.    www.hendersen.com  HENDERSEN CONSULTING  4101/4102 Hong Kong New World Tower 300 Huaihai Road (M) Shanghai 200021 P.R.C. Tel. 86-21-6335 3630 Fax. 86-21-6335 3823 E-mail: contact@hendersen.com  ?2004 Hendersen All right reserved.    ",37);arrFiles[13]=new Array(14,"newsletter/NewsletterOctober0401.pdf","2006-02-24","Microsoft Word - NewsletterOctober0401.doc","","","HENDERSEN CONSULTING  S October 2004  IMPLY THE  B  EST  China Tax Update ?Issue No. 2004.101  Watch Out ?The Government May Expose Your Company to Media for Not Paying Taxes on Time  Last week, the State Administration of Taxation (SAT) issued a new circular -- Order No 9 -- to further tighten tax collection and enforcement. Under this new measure, effective January 1, 2005, the local tax authorities are required to name the names of those taxpayers who fail to settle taxes by the due date via newspapers, radio broadcast, televisions, magazines, internet, etc. on a periodic basis. HIGHLIGHTS: Local authorities are required to make a public announcement on those taxpayers who have an outstanding tax liability past due either quarterly or semi-annually. The public announcement will include information such as company name, address, taxpayer ID number, type of tax and the amount of tax. Furthermore, the name of the legal representative (normally the chairman or CEO of the company), his or her residence ID number, business address, etc. will also be released to media... If the outstanding tax liability amount is less than RMB2mm (~US 250K), the county tax bureau will make the public announcement. Otherwise, the regional tax bureau will take over. And for certain special cases, the provincial government will need to step in ... In addition to the negative media exposure, the government will also impose a 0.05%/day late tax payment interest charge and late filing penalty (50% -500%). OBSERVATIONS: In the past, every six months or so, the Chinese government would publicly send a few people to prison for committing tax frauds. But so far, the government has only targeted a very few well-known individuals (movie stars and tycoons) and big corporations who have intentionally cheated their taxes. However, since the Order #9 only provides a few exceptions (e.g., bankruptcy and liquidation) where the government would not identify the taxpayer in public, some local officials may, at their own discretion, go after all companies who have an outstanding tax due non-discriminatively ... Given the fact that company reputation is at stake, multinational companies (MNCs) ought to be closely monitor their tax filing and payments to ensure full compliance. A public announcement, even at the county level, could be extremely damaging. To make the matter worse, the negative impact could go far beyond China (as for many companies are appointing their senior business leaders based in the US and Europe as the legal representative of their ventures in China) ...  SUGGESTIONS:  It would be helpful if multinational companies could (i) conduct a round of internal tax review every quarter to be sure everything is in order; (ii) establish a very positive work relationship with the local tax officials. Good routine communications with the local tax authorities can avoid problems; (iii) benchmark with other companies to learn best practices on how to enhancing tax compliance; and (iv) call us up to check out how our tax professionals can help.  For more information or advice on the above subject or analysis of other tax issues, please contact Dennis Xu at (8621) 6335 3630 or send us an email at the address below.    www.hendersen.com  HENDERSEN CONSULTING  4101/4102 Hong Kong New World Tower 300 Huaihai Road (M) Shanghai 200021 P.R.C. Tel. 86-21-6335 3630 Fax. 86-21-6335 3823 E-mail: contact@hendersen.com  ?2004 Hendersen All right reserved.    ",36);arrFiles[14]=new Array(15,"newsletter/NewsLetterSeptember04.pdf","2006-02-24","News Letter","","","HENDERSEN CONSULTING  S September 2004  IMPLY THE  B  EST  China Tax Update ?Issue No. 2004.091  57% Discount for Purchasing Equipment Madein-China, Have You Captured It All?  As early as in 1999, the Chinese government issued two separate rules to encourage the purchase of equipment made domestically. First of all, a Foreign Investment Company (FIE) within the qualified (encouraged) industries can obtain a refund of 17% VAT for qualified domestic equipment purchased. Secondly, 40% of the equipment value can be used to offset the incremental Enterprise Income Tax (EIT) liability in the current year, upon meeting the same industry and equipment tests. This means that with proper planning, a FIE can obtain a total of 57% discount in its fixed assets purchasing. IT SOUNDS GENEROUS WHILE THERE ARE MANY IMPLEMENTATION UNCERTAINTIES Although the above rule seems very straight forward, in practice there are several implementation difficulties: Stringent Documentation Requirement It is required under the rules that the applicant should fulfill a set of documents from different authorities at different stages of the equipment purchases. Even if the transaction in substance can qualify for the incentive, missing any documents or untimely obtaining any of the documents above would jeopardize the incentive. Multiple Tax Bureaus to Deal With The taxpayer normally needs to struggle with 3 different tax authorities for a flavor of the incentive. It \'s own in-charge tax bureau, the vendor \'s tax bureau and the VAT refund authority. Multiple Interpretation by Different Authorities To make the matter worse, the above authorities usually have different interpretations towards the rules. The state tax bureau obviously noticed this, too. There are around 20 subsequent notices while those still cannot fully solve the problem. Difficult to Qualify for the Equipment Test Unlike imported equipment, turn-key projects are not very often used for domestic equipments. To purchase the equipment in  trivial manys  from hundreds of suppliers often will result in a waste of the incentive opportunity. (As the rules provides, generally only equipments under tariff heading 84 - 90 can be eligible for the equipment test. The  trivial manys  normally will go to sections before 84.)    In addition, one of the documents required can only be obtained from the manufacturer only. This makes it almost impossible to do some planning through a trading company doing some systems integration work to qualify for the equipment test. RECENT CHANGE MAY PROVIDE HUGE PLANNING OPPORTUNITY A recent Circular in June 2004 clarified the following critical points: The original requirement to obtain a  VAT Special Payment Certificate  from the vendor is cancelled. The seller need not necessary to be a manufacturing company. The impact of the above changes could be profound ?it would relieve the need to deal with the vendor \'s tax authority, which is usually the most difficult one from a controllership point of view. In addition, to use a centralized supplier to bundle certain parts to qualify for the equipment test would become possible. Of course, the planning will incur some additional operation costs, but the benefits, 57% huge discount, would certainly out-weigh the costs. PLANNING TECHNIQUES Obviously, it is a very good timing to revisit this rule. Below are some planning techniques you may find useful. Let tax experts involved at the very beginning in developing your equipment purchase plan at the budgeting stage. If the purchase contracts are already signed, there is no way back to do some tax planning. Think of using a centralized supplier of domestic equipment. This can some times help to maximize the components that can qualify the equipment test. There are many cases that several components are unqualified for the equipment test, but together they can be treated as a set thus meeting the requirement. In this regard, to have a customs expert help on this will be a huge plus. Develop a comprehensive tracking list/control list to track the documentation which are obtained at each stages of the equipment sourcing process. Keep in mind that missing one document would turn the gorgeous planning into vain. Lastly, keep an eye on your yearly EIT liabilities. 40% of the discount comes from that, at the pre-requisite that you should have enough incremental EIT in the current year. It certainly doesn \'t mean that you should  maneuver  your profits and income tax. However, in many cases, it should be flexible to accommodate your asset purchase plan to the availability of the incentive on a yearly basis.  * * * * *  If you have any questions on the above, please contact Dennis Xu, our Tax Partner, at 8621 6335 3630. Or send us an email at the address below. We will be glad to help.  _________________________________________________________________________________________ Email: Taxpartners@Hendersen.com Website: www.hendersen.com    www.hendersen.com  HENDERSEN CONSULTING  In Association with  4101/4102 Hong Kong New World Tower 300 Huaihai Road (M) Shanghai 200021 P.R.C. Tel. 86-21-6335 3630 Fax. 86-21-6335 3823 E-mail: contact@hendersen.com  ? 2004 Hendersen All right reserved.    ",46);arrFiles[15]=new Array(16,"newsletter/newsletter_200510.pdf","2006-02-24","Microsoft Word - News Letter_200510.doc","","","HENDERSEN CONSULTING  S October 2005  IMPLY THE  B  EST  China Tax & Business Update ?Issue No. 2005.1001  Comparison of Trading Vehicles in China  Background Trading, especially domestic trading, has been a restricted sector for foreign investment in China for years. When China joined the WTO in 2001, it made a commitment that the restrictions on trading rights for most products will be phased out by end of 2004. At that time, many people worried about whether China will live up to its promise. commitment is realized. A first break-through for foreign investors in the trading sector is the signature of the Closer Economic Partnership Arrangement ( CEPA ) between Mainland China and Hong Kong Special Administrative Region, which gave qualified Hong Kong registered companies a privilege to set-up a wholly owned commercial enterprise even before the sector is opened under China \'s WTO commitment. Next, the Ministry of Commerce ( MOFCOM ) issued the  Management Measures on Foreign Investment in the Commercial Sector  (MOFCOM Decree 8 [2004]), which provides a level playing field to foreign investors from any countries/regions. Soon after that, the MOFCOM issued two circulars Circular 9 [2005] and Circular 76 [2005] on April 2 2005 and July 13, 2005 respectively. The two new rulings further allows existing foreign-invested noncommercial enterprises ( FINE ) and the international trading companies located in free trade zones ( FTZ Tradeco ) to upgrade their business scope to cover domestic trading and distribution activities. Alternatives for Trading Vehicles A foreign investor can now set-up a trading vehicle in China, depending on its specific circumstance, in the following forms: 1) 2) 3) 4) 5) Commercial Enterprise under Decree No. 8., A traditional FTZ Tradeco (with international trading license), FTZ Tradeco with expanded business scope (with international + domestic trading license), A FINE with an expanded scope to trade non-self made products, or A regional headquarter (RHQ) upgraded from a Chinese Holding Company (CHC). A comparison of the above vehicles is set-out below: Now the question becomes how this  1    HENDERSEN CONSULTING  S October 2005 Commercial Enterprise FINE (Expanded Business Scope) Import Y Y Y FTZ Tradeco (Traditional) FTZ Tradeco (Expanded Business Scope) Y Y (Limited to products of same group) Export Entrepot Trade Y Y (But may have duty disadvantage) Domestic Trading (Wholesale) Y Business Scope Requirement Set-up Financial/Tax Incentives Y Y (But may have duty disadvantage) Y N Y Y Y Y Y Y Y (But may have duty disadvantage) Y RHQ  IMPLY THE  B  EST  Domestic Trading (Retail) Issue VAT Invoice Ability to Set-up Branches Minimum Registered Capital Set-up Timing Enterprise Income Tax Rate Financial Subsidies (VAT, BT, EIT)  Y  Y  N  Y  Y  Y Y USD 140,000  Y Y N/A  Through Bonded Market N (Liaison office only) USD 140,000  Y N (Liaison office only) USD 140,000  Y Y USD 50 -100 million  6 months 33% (may reduce to 15% in certain locations)  3-6 months for upgrade Follow FINE \'s treatment if trading revenue < 30% of total  1-2 months 15% if registered in Shanghai FTZ May obtain a refund in the form of financial subsidy  3-6 months for upgrade 15% if registered in Shanghai FTZ  3-6 months for upgrade 33% (may reduce to 15% in certain locations)  May obtain a refund in the form of financial subsidy  2    HENDERSEN CONSULTING  S October 2005  IMPLY THE  B  EST  How Do You Make Your Choices? Some clients told us recently that when they ask about the most appropriate trading vehicle for them in China, different people will provide different answers. It is true in a sense that there are more choices today, it becomes a more difficult decision making process. While the exact situation may vary from case to case, there are some tips: A thorough analysis of the business objective is vital. flexible vehicle with less set-up cost and timing. To clearly know your current set-up in China would help. It is always easier to utilize an existing legal entity than to set-up a new one, if they can fulfill the same business objectives. Besides, there would be a lot of administrative efficiencies and cost savings in maintaining less legal entities. A financial and tax analysis would be necessary. Since the financial and tax implications for the different vehicles may vary a lot, an appropriate trading vehicle may derive significant savings. Especially in the case of FINE, since to incorporating trading activities may change the existing tax incentive scheme, a cost-benefit analysis would be critical. What Can Hendersen Help? Hendersen can offer a range of services in forming your trading vehicles in China: Planning Stage - Business objectives drill down - Functional analysis of the trading vehicle - Financial/tax cost-benefit analysis Implementation Stage - Establishment of the trade vehicle - Establishment of the outlets for the trade vehicle - Negotiation of financial/tax incentives - Establishment of the customs/logistics/accounting systems - Work-out the transfer pricing policy For instance, for companies whose  business objective is to do importation and sourcing from China, FTZ Tradeco would still be a  China Tax and Business Update is published for the clients of Hendersen Consulting. The contents are of a general nature only. Readers are advised to consult their tax advisors before acting on any information For more information or advice on the above subject or analysis of other tax issues, contained in this newsletter. glad to help.  please contact our Tax Partners, at (8621) 6447 7878, or send us an email at the address below. We will be  3    HENDERSEN CONSULTING  S October 2005  IMPLY THE  B  EST  www.hendersen.com  HENDERSEN CONSULTING  Room 08-10, 23rd Floor, 1 Grand Gateway No. 1 Hongqiao Road Shanghai, 200030 People \'s Republic of China Telephone: +86 (21) 6447 7878 Facsimile: +86 (21) 6447 3722 E-mail: contact@hendersen.com  ?2005 Hendersen All rights reserved.  4    ",37);arrFiles[16]=new Array(17,"newsletter/Newsletter_march0501.pdf","2006-02-24","Newsletter_march0501","","","HENDERSEN CONSULTING  March 2005 S  IMPLY THE  B  EST  China Tax Update ?Issue No. 2005.0301  2004 China Economics and Financial Highlights  On February 28, 2005, the PRC Statistics Bureau delivered a news letter regarding the 2004 China Economics Development Highlights.  2004 Economic Performance at a Glance  The major economic development indicators of China for the year of 2004 are summarized below: Gross Domestic Product ( GDP ) China \'s GDP for the year of 2004 reached RMB 13,651.5 billion (approximately US  1,649 billion), up by 9.5% from that of 2003. Inflation Retail Price Index increased by 2.8% from that of the previous year, while Consumer Price Index increased by 3.9%. Industry The added value of the industrial sector was RMB 6,281.5 billion, up by 11.5%. Fixed Assets Investment Total investment in fixed assets for 2004 amounted to RMB 7,007.3 billion, representing a 25.8% increase over that of 2003. Financial Figure The central financial deficit for 2004 was RMB 319.2 billion (approximately US  38.6 billion). Financial revenue for the year was RMB 2,635.6 billion, up by 21.4% from that of the previous year, representing 111.8% of the budgeted revenue for 2004. Financial expenditure for the year was RMB 2,836.1 billion, up by 15.1% from that of the previous year, representing 105.9% of the budgeted expenditure. Import and Export The total import and export value for 2004 reached US  1,154.8 billion, up by 35.7% from that of 2003. Of the total, the export value reached US  593.4 billion, up by 35.4%, and the import value was US  561.4 billion, up by 36%, resulting in a trade surplus of US  32 billion. Foreign Exchange Reserve As of the end of 2004, China \'s Foreign Exchange Reserve reached US  609.9 billion with an increase of US  206.7 billion over that of 2003. Foreign Investment The contracted amount of foreign investment was   153.5 billion, increased by 33.4% from that of 2003; the utilized foreign direct investment was US 60.6 billion, increased by 13.3%.  This publication is prepared for clients of Hendersen Consulting and other interested in our services. Comments are not intended to be comprehensive. For more information or advice on the above subject or analysis of other tax issues, please contact Dennis Xu, our Tax Partner, at (8621) 6335 3630, or send us an email at the address below. We will be glad to help.    China Economic Data at a Glance  Gross Domestic Product Gross Domestic Product  GDP Growth Rate GDP Growth Rate  In RMB Billion  16, 000 14, 000 12, 000 10, 000 8, 000 6, 000 4, 000 2, 000 0 1999 2000 2001 2002 2003 2004  0.00% 1999 2000 2001 2002 2003 2004  13,652 11, 669 8, 940 9, 593 10,240  10.00% 9.10% 8.00% 7.10% 8.00% 8.00%  9.50%  8, 205  5.00%  Inflation (Consumer Price Index) Inflation (Consumer Price Index)  5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 1999 -1.00% 2000 2001 2002 2003 2004  Fixed Asset Investment Fixed Asset Investment  8000.0 7000.0 6000.0 5000.0 4000.0 3000.0 2000.0 1000.0 2987.6 3261.9 3689.8 4320.2 5511.8 7007.3  -2.00%  0.0 1999 2000 2001 2002 2003 2004  1    China Economic Data at a Glance  Import/Export Import/Export  Foreign Direct Investment Foreign Direct Investment  In USD Billion  800 593 561 4 412 38 400 195 166 2 225 49 2 244 66 326 295  Import Export  80  In USD Billion  61  600  60 47 40 40 41  53  54  200  20  0 1999 2000 2001 2002 2003 2004  0 1999 2000 2001 2002 2003 2004  Foreign Exchange Reserve Foreign Exchange Reserve  750 600 450 300 150 0 1999 2000 2001 2002 2003 2004 155 166 212  Industrial Structure (2004) Industrial Structure (2004)  In USD Billion  2,074 , 15%  610  4,338 , 32%  403 286  7,239 , 53%  Primary Industry  Secondary Industry  Tertiary Industry  2    China Tax Revenues  In RMB Billion  3 0 00 Total  11999Tax Revenue by Type 999 Tax Revenue by Type  Individual Income Tax 4%  Consumption Tax 9%  Other 11%  2572  2 5 00  State Tax Local Tax  2046  2 0 00  1 5 00 1 0 00  1491 1185 969 638 331 812 373 1,019 472  1700 1,168 532 1,308 738  1785  Value Added Tax 45% Enterprise Income Tax 13% Business Tax 18%  786  5 00  0  1999  2000  2001  2002  2003  2004  ReevenueGrowth Rate R venue Growth Rate  60% 50% 40% 30% 20% 10% 0% 2000 2001 2002 2003 2004 22% 51%  22004Tax Revenue by Type 004 Tax Revenue by Type  Individual Income Tax 7%  Consumption Tax 6%  Other 8%  25% 26% 13%  27%  15% 14% 13%  26% 21% 26% 25% 20% 18%  Enterprise Income Tax 16 %  Value Added Tax 4 9%  3  Business Tax 14 %    www.hendersen.com  HENDERSEN CONSULTING  4101/4102 Hong Kong New World Tower 300 Huaihai Road (M) Shanghai 200021 P.R.C. Tel. 86-21-6335 3630 Fax. 86-21-6335 3823 E-mail: contact@hendersen.com  This publication is prepared for clients of Hendersen Consulting and other interested in our services. Comments are not intended ?2004 Hendersento be comprehensive. For more information or advice on the above subject or analysis of other tax issues, please contact Dennis Xu, our Tax Partner, at (8621) 6335 3630, or send us an email at the address below. We will be glad to help. All rights reserved.    ",119);arrFiles[17]=new Array(18,"search/search.html","2006-01-29","Search Engine Builder Standard -- Search this site","","","",1);arrFiles[18]=new Array(19,"services/c&t.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Sachlage Folgende Punkte werden in China häufig von Firmen im Bereich des Zollwesens angetroffen: Die Durchlaufzeiten beim Zoll können stark variieren. Sehr häufig sind diese auf kleine Fehler bei der Zolldeklaration, auf Fehler bei der Wahl des Zollcodes oder auf eine zufällige Inspektion der Ladung zurück zu führen. Trotzdem China normalerweise den Regeln des WTO folgt, kann es zu anderen Auslegungen kommen (z.B. Lizenzen). Das Problem liegt in den Schwierigkeiten, Vertragsmodelle, welche in den WTO-Ländern gebräuchlich sind in China korrekt einzuordnen. Es gibt immer noch viele graue Zonen (z.B. Import von geleasten Gütern). Dies macht es schwierig, Geschäfts-/Finanzierungsmodelle, welche in der westlichen Welt gang und gäbe sind in China einzuführen. Der Import von Ausrüstungsgegenständen aus zweiter Hand ist sehr schwierig. Die Bestimmungen über Ursprungszeugnisse sind viel komplizierter geworden. Durch den Einbezug vieler verschiedener Ministerien (Transport, Recht, Steuer, Finanz), gibt es nicht wirklich ein Ministerium, dass die gesamte Verantwortung trägt, daher sind Veränderungen sehr langsam. &gt;Unsere Dienstleistungen N&uuml;tzliche Links East Pigeon Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",17);arrFiles[19]=new Array(20,"services/c&t2.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Unsere Dienstleistungen Zoll- und Steuerplanung: Wir helfen Ihnen Ihre Kosten zu reduzieren, durch höhere Effizienz beim Im-/Export, Steuerplanung, Nutzung der gegebenen Möglichkeiten (z.B. Handelsgesellschaften, Zollfreilager), spezielle vertragliche Abmachungen, etc. Valuation Services: The Chinese tariff rates have been decreasing gradually these years and the tariff collection target is increasing every year. The Customs tends to strengthening the valuations of imported goods. We can assist in ruling request on valuations and obtain advanced valuation rulings with the customs. Klassifizierung: Mit der Weiterentwicklung der Technologie, gibt es immer mehr Produkte, welche der Zoll erst kennenlernen muss. Wir können Ihnen helfen die Funktionen Ihrer Produkte zu analysieren und damit die richtige Klassifizierung zu beantragen. In vielen Fällen kann eine vorgängige Klassifizierung helfen die Importzeit zu verkürzen. Supply Chain Management: Wir können Ihnen helfen eine optimierte Supply Chain aufzubauen. Dabei benutzen wir die verschiedenen Verträge welche China abgeschlossen hat. Wir können Ihnen auch dabei helfen Plannungstechniken (z.B. First Country for Export) aufzubauen, um Ihre Beschaffungskosten zu minimieren. Health check: We help you to review your customs process, bench mark with best practices and identify and qualify major risk areas as well as develop solutions and improvement plans on the issues we identified. On the other side, we help you to identify tax and customs planning opportunities and follow-through to realize the saving. Risk Management: We help you to understand the Chinese customs \' various criteria on risk management and help you to improve your current process to increase the internal grading with the in-charge customs. The benefit will be the increased entry speed and the significantly lowered chance for being selected as an auditing target. Verteidigung bei Zollinspektion: Kommunikationspeilt eine wichtige Rolle beim erfolgreichen Abschluss einer Zollinspektion. Unsere Spezialisten sind es gewohnt sowohl mit unseren Kunden wie auch mit den Behörden zu sprechen. &gt;Nach oben &gt;Erfolgsfaktoren N&uuml;tzliche Links East Pigeon Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",16);arrFiles[20]=new Array(21,"services/c&t3.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Erfolgsfaktoren East Pigeon ist unser strategischer Partner, der sich auf Zollfragen spezialisiert hat. East Pigeon wurde von Leuten gegründet, welche alle 10 Jahre Erfahrung in der Zolladministration haben. Die Beziehung zwischen Hendersen und East Pigeon bilden eine solide Basis für die erstklassigen Zolldienstleistungen. Hendersen hat Zugang zu Informationen aus erster Hand und kann daher den Kunden helfen, auf behördliche Änderungen sofort zu reagieren. N&uuml;tzliche Links East Pigeon Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",14);arrFiles[21]=new Array(22,"services/corporate.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Sachlage Viele Steuerspezialisten von multinationalen Firmen bestätigen, dass Steuerbewirtschaftung in China eine Kunst ist. Die Gesetze sind einfach, aber es gibt viele Rundschreiben, welche Interpretationen zu den entsprechenden Gesetzestexten anbieten. Es gibt viele Arten von Steuervergünstigungen, aber diese Vergünstigungen werden nicht automatisch gewährt. Sie sind vielmehr ein Resultat von Anträgen und Verhandlungen. Die verschiedenen Arten der Steuern werden jeweils von Steuerbehörden der Zentralregierung oder der lokalen Behörden administriert. Die Unterlagen für die jährlichen Steuerdeklaration werden öfters geändert. Dies erfordert von den Mitarbeitern der Finanzabteilungen, dass sie permanent auf dem neusten Stand sein müssen. Das Mehrwertsteuersystem Chinas ist nicht flächendeckend. Es gibt Industrien, welche von der Mehrwertsteuer befreit sind und nicht alle Mehrwertsteuern auf Rohstoffe können wieder gutgeschrieben werden. Das System ist basiert sehr stark auf speziellen Mehrwertsteuerrechnungen und der dazugehörigen Dokumentation China benutzt immer noch das so genannte Business Tax Model, dass zu einer zusätzlichen Steuerbelastung führt, wenn sich die Zahl der Transaktionsebenen erhöht. Dies ist im speziellen für Firmen mit vielen Transaktionen innerhalb der selben Gruppe der Fall. Transferpreise sind in China sehr schwierig, da es nicht genügend aussagekräftige Informationen über die Preisgestaltung und die Finanzinformationen der Industrien gibt. Die Steuerbelastung für ausländische Dienstleistungen sind in der Regel zu hoch, da die zuständigen Steuerbüros über ihre eigenen, internen Richtlinien/Interpretationen (z.B. on-shore/of-shore split) verfügen. Es gibt keine Richtlinien, welche die Buchhaltungsprinzipien der Zentrale und die Buchhaltungsprinzipien von China zusammenführen. Multinationale Firmen müssen daher zwei Bücher parallel führen, was zu zusätzlichen administrativen Kosten und potentiellen Unstimmigkeiten führen kann. Die gesamten Steuersysteme werden momentan angepasst. &gt;Nach oben &gt;Unsere Dienstleistungen N&uuml;tzliche Links State Tax Bureau Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",19);arrFiles[22]=new Array(23,"services/corporate2.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Übersicht Unsere Steuerdienstleistungen beinhalten: Steuerberatung Andere Steuern Verteidigung bei Steuerrevisionen Transferpreisabkommen Steuerberatung Andere Steuern Tax Health Check Consumption tax Urban real estate tax Deed tax Stamp duty Transferpreisabkommen Hendersen hilft Ihnen bei der Planung und Strukturierung Ihrer Transferpreisrichtlinien in China. Dank unserer Erfahrung sind wir in der Lage, Ihre Steuerbelastung zu minimieren und das Risikomanagement zu verbessern. Dies erreichen wir durch unsere folgenden Dienstleistungen: Überprüfung Transferpreisrichtlinien - Risiken/Möglichkeiten Vorgängige Abnahme Ihrer Transferpreisrichtlinien durch die Steuerbehörde Vorbereitung von Dokumenten zur Unterstützung und Verteidigung Ihrer Transferpreisrichtlinien &gt;Nach oben &gt;Erfolgsfaktoren N&uuml;tzliche Links State Tax Bureau Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",22);arrFiles[23]=new Array(24,"services/corporate3.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Erfolgsfaktoren MTA ist eine Vereinigung, welche durch Hendersen organisiert wird. Sie verbindet Steuerfachleute in China miteinander. Die meisten Mitglieder sind Steuerspezialisten, welche für grosse multinationale Firmen arbeiten. China Law Database ist eine Datenbank, welche die ganzen Gesetze und Vorlagen beinhaltet, welche seit 1949 in China veröffentlicht wurden. N&uuml;tzliche Links State Tax Bureau Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",14);arrFiles[24]=new Array(25,"services/humancapital.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Sachlage Folgende Punkte werden in China häufig von Firmen im Bereich des Personalwesens angetroffen: Der Prozentsatz der Angestellten, welche die Stelle wechseln ist sehr hoch. In China wechseln die Mitarbeiter viel schneller ihre Stelle als in westlichen Ländern. Die Schwierigkeit besteht darin, die richtigen Leute zu behalten. Stellenmarkt ist nicht sehr transparent. Die Qualität von neu eingestellten Mitarbeitern kann stark variieren. Jede Provinz hat ihr eigenes Sozialversicherungssystem. Eine neue Firma sollte daher vorher abklären wie hoch diese sind. Die Grössenordnung beträgt je nach Provinz ca. 40-60% des gesamten Bruttolohnes. Mit der Entwicklung Chinas, ändert sich auch die Kostenstruktur der Mitarbeiter. Das Lohnwesen ist nicht automatisiert und ist meistenteils Handarbeit. Dies erhöht die Kosten und die Vertraulichkeit ist nicht gewährleistet. Die Sätze für die persönliche Einkommenssteuer gehören zu den höchsten im Asia Pacific Raum. Die richtige Planung kann hier viel helfen. Wegen der Währungsrestriktionen ist es sehr schwierig globale Anstellungsverträge mit ausländischen Anteilen (z.B. Fremdwährung, Aktien, Optionen, etc.) abzuschliessen. &gt;Unsere Dienstleistungen Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",16);arrFiles[25]=new Array(26,"services/humancapital2.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Unsere Dienstleistungen &gt;Erfolgsfaktoren Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",12);arrFiles[26]=new Array(27,"services/humancapital3.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Erfolgsfaktoren Wir haben die Mittel um ein erstklassiges Personalwesen in China aufzubauen: Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",12);arrFiles[27]=new Array(28,"services/index.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Sachlage Folgende Punkte werden in China häufig von multinationalen Firmen angetroffen, welche eine Firma akquirieren möchten: Fehlende Transparenz des gesamten Marktes. Schwierigkeiten Information über das Akquisitionsziel zu erhalten. Kulturelle Unterschiede sind vorhanden. Wenn nicht eine gemeinsame Sprache gefunden werden kann, könnte dies bereits am Anfang, das Ende der Verhandlungen bedeuten. Die Finanzinformationen des Akquisitionszieles sind nicht ausreichend um die Finanzstruktur oder das Geschäftmodell zu evaluieren. Die gebräuchlichen Buchhaltungsgrundsätze Ihres Akquisitionszieles sind sehr verschieden von IAS/IFRS//UP GAAP Das Akquisitionsziel benutzt zwei verschieden Buchhaltungen, eine für das Management (MIS) und das zweite für die Steuer. Zwang, grosse bestehende Zahl an Mitarbeitern des Akquisitionszieles zu übernehmen (z.B. hohe Sozialkosten). Die rechtliche Bewertung einer staatlichen Firma kann sehr stark von einer kommerziellen Bewertung differieren. Das Akquisitionsziel hat nicht die gleichen Vorstellungen über Umweltschutz und generelle Sicherheitsaspekte (z.B. Arbeitsplatzsicherheit). Die Transferpreisproblematik wird häufig keine grosse Priorität beigemessen. Die behördlichen Auflagen für gewisse geschützte Branchen/Industrien sind sehr komplex. Die Liste könnte weitergeführt werden. &gt;Nach oben &gt;Unsere Dienstleistungen N&uuml;tzliche Links China M&amp;A Net China Global M&amp;A Research Center CNPRE Shanghai Ownership Trade Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",20);arrFiles[28]=new Array(29,"services/index2.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Unsere Dienstleistungen Wir bieten unseren Kunden alles aus einer Hand um ein Geschäft in China erfolgreich abzuschliessen. Eintrittstrategie Marktstudien Konkurrenzanalysen Leistungsvergleiche Bewertung des Behördenumfeldes Steuerstudien Standortanalysen Lieferantenbewertung Zielidentifizierung Hintergrund Analysen Überprüfen von Finanz- und Steuerdaten Vergleichsanalysen verschiedener potentieller Objekte Risikobewertungen Unterstützung Due Diligence Vorverhandlungen Aufbau einer Offertenstruktur Due Diligence Prüfung Finanzen Prüfung Steuern Prüfung Personal Geschäftsbewertung Rechtliche Bewertung Ausgestaltung der Vertragsstruktur Ausgestaltung der Offertenstruktur Verhandlungsunterstützung Abschluss / Nachbearbeitung Abschluss Erarbeitung Integrationsplan Unterstützung bei Behördenbewilligungen Verhandeln von Steuervergünstigungen Erarbeiten einer Transferpreis-Regelwerkes Unterstützung Auflösung Unterstützung bei der Implementierung des Integrationsplanes Projektmanagement / Merger & Acquisition Framework (MAF) &gt;Nach oben &gt;Erfolgsfaktoren N&uuml;tzliche Links China M&amp;A Net China Global M&amp;A Research Center CNPRE Shanghai Ownership Trade Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",32);arrFiles[29]=new Array(30,"services/index3.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Erfolgsfaktoren Wir benutzen verschiedenste Werkzeuge, Hilfsmittel und Methodiken um unseren Kunden zu einem erfolgreichen Geschäftsabschluss in China zu verhelfen: Projektmanagement Merger & Akquisition Framework (MAF) Change Acceleration Process (CAP) Business Audit Methodology Chinesische Firmendatenbank Chinesische Wirtschats- und Steuerrechtsdatenbank Zusätzlich können unsere guten Beziehungen zu den zentralen und lokalen Instanzen/Steuerbehörden, sowie das Verhandlungsgeschick unseres Teams, die Zeitvorgaben erheblich reduzieren. N&uuml;tzliche Links China M&amp;A Net China Global M&amp;A Research Center CNPRE Shanghai Ownership Trade Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",17);arrFiles[30]=new Array(31,"services/indexbak3.htm","2006-01-29","Hendersen Consulting","","","We use a different set of tools, resources and methodology to assist you to reach the successful closure of a deal in China, including: Project Management Merger and Acquisition Framework (MAF) Change Acceleration Process (CAP) Business Audit Methodology China Enterprises Database China Economic and Tax Law Database In addition, our strong connection with the central and local approval/tax authorities and our team \'s communication skills would add value to the deal process by significantly reducing the deal timing. N&uuml;tzliche Links link1 link2 link3 link4 Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",16);arrFiles[31]=new Array(32,"services/investment.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Wie wählt man die richtige Firmenform aus? Der direkteste Weg sich auf dem chinesischen Markt zu präsentieren, ist es eine lokale Repräsentanz aufzubauen. Es gibt verschiedene Firmenformen, welche verschiedenen Bedürfnissen entgegenkommen. Hendersen kann Ihnen helfen, die richtige Firmenform zu finden, basierend auf Ihren Bedürfnissen, Geschäfts- und Investitionsplänen. Des Weiteren werden auch rechtliche, steuerliche, etc. Aspekte in Erwägung gezogen. Der einfachste Weg auf dem chinesischen Markt Fuss zu fassen, ist es eine Repräsentanz zu eröffnen. Im Moment können ausser Finanzinstituten, keine ausländischen Firmen Filialen in China eröffnen. Die finanziellen Informationen über Ihr Akquisitionsziel ist in der Regel nicht ausreichend um den Wert der Firma zu ermitteln. Wenn Sie vorhaben mit einem chinesischen Partner zu arbeiten, sollten sie vielleicht ein Jointventure in Betracht ziehen (Kooperation oder Kapitaleinschuss). Andererseits, erlaubt ein 100% ausländisch kontrolliertes Unternehmen eine grössere Managementkontrolle und Flexibilität. Eine andere relativ neue Option ist die Gründung einer Holding oder Managementfirma in ausländischem Besitz. Normalerweise baut man ein Foreign Investment Enterprise (FIE) für einen speziellen Zweck auf. Ausser dem herkömmlichen FIE für Produktionsbetriebe, gibt es auch FIE für Handel, Grossisten, Detailhandel, etc. Falls Ihre Gruppe bereits mehrere FIEs hat und ist weiterhin daran neue FIEs zu gründen, wäre es sicher lohnenswert sich zu überlegen, ob man eine Holding gründen möchte. In der Holding kann das Management, zentrale Dienste, Logistik, Direktimport zentralisiert werden. Wenn das Kapital gemäss Zeitplan eingezahlt wurde, kann die Holding sich auch geografisch ausweiten und Filialen aufbauen. Wo sollte man sich ansiedeln? Einer der wichtigsten Punkte ist die Standortfrage. Hendersen kann Ihnen helfen, den richtigen Standort auszuwählen. Wir machen dies auf Grund unserer Kundenerfahrung und Ihrer Geschäftsziele. Hendersen kann detaillierte Standortstudien anfertigen, welche Ihnen folgende Informationen über potentielle Standorte geben kann: Geschäftsumfeldanalyse Behördeneinstellung und Unterstützung Steuer-/Finanzierungsrichtlinien und Vorzüge Fremdwährungsrestriktionen Anstellungsbedingungen für Mitarbeiter Verfügbarkeit von Land / Einrichtungen und Kosten Transportmöglichkeiten Andere Faktoren Vorgehen beim Aufbau einer Firma? Bevor Sie in China etwas aufbauen, sollten Sie Ihre momentanen Investitionen und den zukünftigen Geschäftsplan überprüfen. Dies erlaubt es die richtige Wahl für die entsprechende Firmenform, in Zusammenhang mit den momentanen chinesischen Investitionsbedingungen und der WTO-Marktöffnung, zu treffen. Firmengründungen in China müssen sorgfältig geplant werden. Anbei einige Punkte, welche Sie auf keinen Fall unbeachtet lassen sollten: Für den Fall, dass Sie ein Joint Venture gründen wollen, versichern Sie sich, dass Sie Unterstützung für die Verhandlungen und die Due Diligence haben. Überprüfung der Machbarkeit und Vorbedingungen für den Aufbau einer Firma. Je nach Praxis und Interpretation der Gesetzestexte können diese lokal unterschiedlich ausfallen. Optimieren Sie die Steuereffekte Ihrer Besitzstrukturen und der Finanzierung. Formulieren Sie den Firmenzweck für Ihre Firma und verhandeln Sie diese mit den örtlichen Behörden (wo notwendig). Versichern Sie sich, dass Ihre Antragsformulare komplett, richtig und im richtigen Format ausgefüllt sind. Finden Sie heraus, welches die richtigen Ämter für die Anträge und Registrierungen sind und arbeiten sie diese eines nach dem anderen ab. &gt;Nach oben &gt;Firmenaufbau in anderen Teilen der Welt N&uuml;tzliche Links Ministry of Commerce Stat Development and Reform Commission National Statistic Bureau Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",25);arrFiles[32]=new Array(33,"services/investment2.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Firmengründung Hendersen hat eine starke Präsenz in wichtigsten den Finanzzentren: Bermudas, Jungferninseln, Curaçao, Guernsey, Hongkong, Jersey, Luxemburg, Neuseeland, Samoa, Singapur, Schweiz, Taiwan und Grossbritannien.Über dieses weltweite Netzwerk kann Hendersen seine Kunden auch beim Aufbau von Firmen in diesen Ländern unterstützen. Beglaubigungen Hendersen stellt Beglaubigungen von gewissen Dokumenten aus (z.B. Leumundszeugnisse von off-shore Firmen). Hendersen kann auch Apostilen für Memoranden, Gesellschaftsverträgen, Gründungsurkunden, Geschäftsführer und Aktionärsregister bei den chinesischen Botschaften im Ausland besorgen. Due Diligence Überprüfung Einige der börsenkotierten Firmen und Firmen, welche sich momentan auf den Börsengang vorbereiten, haben eine Anzahl Firmen innerhalb ihrer Gruppe. Unsere Due Diligence Dienstleistung ist eine Grobkontrolle der Dokumentationen und Registrierungen der off-shore Firmen. Diese Überprüfung ist wichtig für die börsenkotierten Firmen und jene, welche in Vorbereitung zum Börsengang sind, um den Erfordernissen der Börsenaufsicht zu genügen. &gt;Nach oben &gt;Aufbau in China Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",15);arrFiles[33]=new Array(34,"services/investmentbak.htm","2006-01-29","Hendersen Consulting","","","The most direct way to penetrate the China market is to set up local presence.There are various forms of investment vehicles available to suit different business objectives and operations.Hendersen can help you to find out the most appropriate investment vehicles from the business, tax and legal perspectives based on the comprehensive understanding of your business objectives and investment plan in China. Setting up a representative office has been the simplest way to get into China and gain on-the-market experience. Other than financial institutions, a foreign company still cannot set up a branch office in China at the moment. The target \'s financial information is not sufficient to work-out the financial model or business valuation If your investment involves a Chinese partner, you should probably go for setting up either a Sino-foreign equity joint venture or a cooperative joint venture. Otherwise, a wholly foreign-owned enterprise will allow you greater management control and flexibility. The setting up of a foreign-invested holding company or management company is another relatively new option. Normally a foreign investment enterprise (FIE) is set up for a specialized purpose with a specific business scope. Apart from the traditional production FIEs, foreign investors may now also set up trading FIEs, service FIEs, wholesale and retail FIEs, etc. If your group has already established a number of FIEs and is poised to make further investments in China, you may consider establishing a China holding company to centralize management, provide shared services, consolidate the distribution of goods produced by your FIEs in China and pre-market certain imported products. Upon having paid up its registered capital according to the approved schedule, your FIE may also expand its geographical coverage by setting up branches. It is quite critical for you to select an appropriate location to set up your business in China.Hendersen can help you to select several appropriate locations based on the practical client experiences and your business objectives.Subsequently, Hendersen can perform a detailed location study to obtain the following information for each selected location: Business analysis Government attitude/support Tax/finance policies and preferences Foreign exchange rules Labour rules Land/facility availability and cost Transportation convenience Other factors Before setting up in China, you should review your current investments and future business plans to determine the optimal investment vehicle to set up in accordance with the current China investment regulations and WTO market access commitments. The steps of setting up in China must be carefully planned.The following are some points that you cannot afford to miss: In case of forming a joint venture, seek support in contract negotiation and due diligence review.	Verify the feasibility and prerequisites for setting up because they could be subject to local differences in practices and interpretations of the law. Optimize the tax-effectiveness of your shareholding structure and funding arrangements. Formulate the business scope for the company to be set up and negotiate with the approval authorities where necessary. Ensure the application documents for submission are complete, accurate and in the right format. Find out the appropriate channel for approval and registration and go through them one by one. N&uuml;tzliche Links link1 link2 link3 link4 Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",20);arrFiles[34]=new Array(35,"services/outsourcing.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Sachlage In der heutigen schnelllebigen Geschäftswelt finden viele Firmen, dass: Sie nicht die notwendigen Ressourcen oder nicht die nötige Auslastung haben um den Vollzeiteinsatz einer Kontrollinstanz zu rechtfertigen. sie wollen keine Verantwortung für die Anstellung, die Ausbildung und den Unterhalt von Mitarbeitern (Finanz, Steuern, etc.). Sie wollen die Zeit überbrücken, bis Sie (wieder) die richtige Person gefunden haben. Need explanation for that one. &gt;Unsere Dienstleistungen Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",14);arrFiles[35]=new Array(36,"services/outsourcing2.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Unsere Dienstleistungen Buchhaltung - Vorbereitung des Hauptbuches, Saldenbilanz, monatliche Finanzberichte (Bilanz, Erfolgsrechnung), tägliche Verkäufe, Quittungen, etc. Gehaltsabrechnung - Aufsetzen des Gehaltsabrechnungssystemes für die lokalen Mitarbeiter und monatliche Gehaltsabrechnungen. Dies beinhaltet, Nettoauszahlungskalkulation, Gehaltsabrechnung, Einkommenssteuerabzüge, Sozialabzüge, Einreichen der Einkommensteuer- und Sozialabzüge der Mitarbeiter, etc. Steuern - Unterstützung bei China Steuerangelegenheiten (Antrag, Ausgabe, Nachprüfung, Archivierungspflicht), Steuerberechnungen, &gt;Erfolgsfaktoren Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",12);arrFiles[36]=new Array(37,"services/outsourcing3.htm","2006-01-29","Hendersen Consulting","","","Merger &amp; Acquisition Investitionsberatung Steuern Outsourcing Humankapital Zollwesen &amp; Handel Erfolgsfaktoren Freundlicher Kundendienst - Unser Bedürfnis ist es unseren Kunden hervorragende Dienstleistungen und einen auserordentlichen Kundendienst zu bieten. Unsere Mitarbeiter werden sich voll auf Ihre Firma und Ihre Bedürfnisse konzentrieren, als wären es Ihre eigenen Mitarbeiter. Privacy Statement | Legal Disclaimer | About Site Provider | Email Webmaster &copy; 2004-2010 Hendersen Consulting All rights reserved.",12);