China Structure and Legal Compliance

• Advise on China Structures
• Set up your Representative Office
• Set up your Wholly-Foreign-Owned Enterprises “WFOE” and/or Foreign-Invested-Commercial Enterprises “FICE"
• Review and appoint qualified experts to handle China legal documents

Financial Reporting and Control in China

• Provide advisory services in financial control and management, aiming to mitigate your risks of doing business in China
• Devise payment and control systems for your China operations
• Managing foreign currency control, banking, funds remittance, importation of goods and Customs brokerage, etc.
• Provide a qualified accountant to keep books
• Prepare and provide periodic financial reports to your parent company
• Provide cash-flow reports and management services
• Arrange the statutory financial audit

Taxation

• Provide tax planning and advisory services
• Provide a qualified tax practitioner to submit audited tax returns
• Corporate/Personal tax filing

Payroll and Recruiting

• Provide monthly payroll services and review employment contracts
• Write up tailor-made job descriptions
• Review applications and select qualified candidates for your consideration
• Interview candidates and make recommendations to you

IMPORT EXPORT BUSINESS IN CHINA MADE EASY
APCA provides a FICE platform in China that helps foreign businesses to do import/export business in China without any paid-up capital, set-up costs or fixed operating costs. Importation of goods from or exportation of goods to China is made easy by APCA’s Import Export Agency Services.

Foreign-Invested-Commercial Enterprise "FICE" became official in 2004 when the FICE Procedures were promulgated by the Ministry of Commerce “MOFCOM” on 16 April 2004. FICEs can do import, export and trade businesses through their own wholesale, retail and franchise systems and can provide a host of related services, such as storage, warehousing and garage services, inventory management, repairs, maintenance, training and delivery. It is a considerable progress towards the implementation of China's commitment to WTO to allow foreigners to exercise trading and distribution rights. Some industries are restricted, e.g., books, newspapers, journals, pharmaceuticals, chemical fertilizers, pesticides, processed and crude oil, motor vehicles, grain, vegetable oil, sugar and cotton. The minimum amount of registered capital for a FICE in the form of WFOE is RMB 300,000. Local authorities in China usually increase the minimum amount according to their local policies.

Disadvantages of the FICE
Although the trading and retail sector (including import and export) is now open to foreigners, the requirement for registered capital (e.g., RMB 300,000 - 500,000) and the company setup costs (e.g., RMB 30,000 – 60,000) have discouraged many smaller businesses who are new to the Chinese market. In addition, the operating cost for maintaining an office with minimal staff in China will likely exceed RMB 120,000 a year in major cities.

How APCA can help
APCA provoides a solution in China that helps foreign businesses to do import/export business in China without any paid-up capital or set-up costs. Importation of goods from or exportation of goods to China is made easy. Furthermore, the operations and the management of funds of the FICE will be under the full control of APCA.

How Does The Model Work?

If You Want To Export Goods To China
The FICE will purchase the goods from your company outside China and then import them into China. We will handle the customs clearing, logistics, storage of goods and insurance if required. The goods will be delivered and an invoice will be raised to your clients in China. The FICE will collect the payments on your behalf in China, remit the funds back to your overseas account in compliance with the Foreign Currency Control policies in China.

If You Want To Import Goods From China
The FICE will purchase the goods on your behalf from your suppliers in China and then export them to you outside China. We will handle the exportation of goods, tax rebate (if any) and arrange for quality control, logistics, storage, insurance and payments to your Chinese supplier.

What are the costs involved?
You do not have to pay for any setup or fixed costs. We charge a fee for our services based on a percentage, between 7-10%, of the total payment received from your clients for each importation of goods in China or the total amount for each exportation of goods. Our minimum transaction fee for each import/export transaction is RMB 3,000. You are required to pay for the logistics, quality control, storage, import duty, tax and other expenses related to your exportation or importation of goods

Other Services
We are a comprehensive service provider in Hong Kong and China and will take on special assignments to meet specific requirements, including the following:

• Finding business opportunities in China
• Perform research and due diligence of companies and individuals in China
• Raising venture capital financing
• Arranging specialized legal work
• Due diligence for acquisition of business
• IPO documentation