Incorporation Case Story 1

North European sub-supplier to the wind power industry with 1,000 employees at two entities in Europe, including a factory in  Eastern Europe. Prior to establishment of production in Tianjin, the company had been active in China for several years with sourcing and sales within the automotive industry with one employee based in central/east China.

Services provided by NCO to client:

• Incubator office in Beijing (wind turbine sub-supplier centre)
• Company registration (production company) in Wuqing, Tianjin.
• Accounting & Tax service (subsequent to company registration)
• HR-services, incl. work and residence permit for expat staff, family, and customs clearance of dog.
• Assistance with import of machinery from Europe in co-ordination with clients European freight forwarding company

Initial situation

Production in China was essential in order to 1) maintain and develop relationship with current clients, who were already in China, and 2) to develop the company’s overall business via obtaining new clients in the Chinese market.

Incubator service with one Chinese employee was established in order to obtain a basis for starting the sales and marketing efforts, as well as a basis for support during the setting-up of the production company in Tianjin. The incubator office was used for 7 months until factory space was ready for use, and staff are now all based at the Wuqing factory.

Results:

• Fast market entry via incubator office and smooth registration procedure handling
• Cost-efficient entry – no need for fixed office space in initial stage and competitive pricing on company registration service and other services
• Low risk entry – physical proximity of staff and the contracting with NCO secured maximum knowledge and assistance on the many ad-hoc questions during the establishment phase.
• Compliance, low risk operation and access to competence is secured via using accounting, tax, and HR-services to ensure that financial and personnel regulations are followed

 Incorporation Case Story 2

European designers with a specialized line of clothing, jewelry and accessories have been conducting market research and business development in China to establish value chain and distribution channels to retailers.  Clients create their own custom designs and contract local manufacturers to mass produce product line for domestic sale and export.  Sold products initially through Hong Kong to Europe with no retailers in China.  Products now sold and well received in various parts of China, including sales in 5-star hotels.

Services provided by NCO to client:

• Incubator office in Beijing.
• Company registration, tax and accounting advice.
• Accounting & Tax service (subsequent to company registration).
• Assistance with managing contracts and agreements with retailers and suppliers.
• Business advice on doing business in China.

Results:

• Knowledge of local customs and business practices – client could adapt quickly to the different business and regulatory environment of China.
• Cost-efficient entry – no need for fixed office space in initial stage and competitive pricing on company registration service and other services.
• Low risk entry – accessibility to NCO staff secured maximum knowledge and assistance on the many ad-hoc questions during the market-entry phase.

Incorporation Case Story 3

European manufacturer of specialized equipment had sales and after-sales service representatives in Europe and North America.  With new sales to Chinese clients, company needed to establish a presence in China, similar to those elsewhere.

Services provided by NCO to client:

• Company registration, tax and accounting advice.
• Accounting, Tax and Payroll service.
• Assistance with HR recruiting and personnel management issues such as compensation and benefits.
• Business advice on doing business in China.

Results:

• Cost-efficient entry – no need for fixed office space in initial stage and competitive pricing on company registration service and other services
• Low risk entry – accessibility to NCO staff secured maximum knowledge and assistance on the many ad-hoc questions during market-entry.
• Compliance, low risk operation and access to competence is secured via using accounting, tax, and HR-services to ensure that financial and personnel regulations are followed.