Welcome to ChinaInvest.biz Magazine - January 2010 Issue

And welcome to the start of 2010. An exciting year filled with new opportunities and events in China, in particular the 2010 Shanghai Expo which will begin on May 1st 2010 as well as the launch of Klako Group’s first magazine in celebration of its 30th anniversary. ChinaInvest.biz Media Limited is a member of Klako Group’s organization and will be providing monthly insight into investment, tax and operational issues for Foreign companies entering and operating in China.

In this issue we aim to not only provide existing Foreign Invested Enterprises in China and/or Hong Kong, but also investors looking to enter the Hong Kong and/or China market with guidelines on annual requirements for these types of entities. Many foreign invested enterprises are unaware of the annual regulations needed to maintain their entities in Hong Kong and China. Should these regulations not be adopted by companies, penalties may arise and ultimately closure could be foreseeable. It is important that all companies are aware and understand what these policies are.

Annual Operational Requirements to maintain a China and/or Hong Kong Holding Entity
By Klaus Koehler, Managing Director, Klako Group

Once Foreign Invested Enterprises have been successfully established in Hong Kong and/or China whether in the form of a Representative Office or Limited Company, they tend to believe the biggest hurdle has been dealt with. However it is as equally important as during the establishment process to pay close attention to China’s ever changing laws and regulations when it comes to operating and maintaining the entity – especially in regards to the annual requirements.

To read full article, please click here to view magazine (PDF file)

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All information in this report is verified to the best of our ability and is assumed to be correct at time of release; however, Klako Group does not accept responsibility for any losses arising from reliance on the information provided within.

Interview with Jan Forelli, General Manager of Senator International Shanghai

Senator International has been operating in the logistics industry for the past 25 years. The company was founded in 1984 by Uwe Kirschbaum under the name of Senator Airfreight GmbH in Hamburg, Germany. It made a convincing impression with its wide range of services and absolute reliability, leading the company through a steady and successful growth and the opening of new branches around the world. Within a few years the company was known as one of the leading airfreight forwarders in the mid-market segment. The addition of ocean freight and related services in the mid-1990s was another milestone on the company's road to becoming a globally active transport and logistics company. In 1998 the company became known as Senator International. Currently, the company has a worldwide network with offices in Germany, the USA, the UK, the Netherlands, Latin and South America, Middle East, Asia and strong alliances with exclusive partners. With more than 600 employees in Germany and abroad, the company prioritizes the individual’s customer requirements and desires. To this end, our workforce of more than 600 in Germany and abroad prioritizes your individual customer requirements and desires.

Senator International entered the China market in 2004 by establishing a Representative Office. The founding of Senator International Freight Forwarding (Shanghai) Co. Ltd took place in 2007. The company presently employs approximately 30 staff and is able to conduct international transport and logistics services by sea and air to/from China to/from worldwide destinations. The General Manager, Mr. Jan Forelli, has incorporated and been with the company since its inception.

To read full interview, please click here to view magazine (PDF file)