Using a Hong Kong Company for Your Chinese Factory

This article is originally found here: https://www.globalfromasia.com/hkcompanyforchina/

Tired of sourcing from factories and want to setup your own manufacturing operation? Searching for the best corporate structure for a new Chinese factory?

Look no further, today we will dig into Hong Kong being a great place to open your factory under.

How To Open A Factory?

I remember when I first visited a factory in China. I became shocked to think it isn’t as complicated as I had thought. There are three main factors:

  •  Big Open Space

    Need a big building with lots of open space to set up the operations.

  •  Machines

    You’ll need the equipment to prepare the materials. This can be all sorts of machines but let’s stick to the most common: plastic injection machine. These are the most common in a Chinese factory. They will take the manufacturing mould, and then inject the plastic inside and pop out a bunch of the plastic parts. Significant size and definitely a big upfront investment.

  •  Labor

    You’ll need people to put together the plastic parts once they came out of the machines. Debur, check for any defects, assemble. Check the quality. Package. You get the idea.

Of course there is a lot more skill and magic to the process, but these are the main pieces of the puzzle you’ll be dealing with.

Is Hong Kong A Good Place For Your Factory Business?

A lot of people ask me when they’re searching on Alibaba should they pick companies that are in Mainland China or Hong Kong. Yet I don’t know any factories still located in Hong Kong – they are all in China. What is in Hong Kong is the sales office, or even just a virtual office for the parent company.

That’s not to say having your factory established in Hong Kong as a business entity isn’t viable. It is something common. It can be with anyone, Americans, Europeans, Local Hong Kong people, or Mainland Chinese who open the HK limited company. It will not be too easy for the general public to know the nationality of the owners (though there are ways to do company research in Hong Kong). Once you’re a Hong Kong company, you can then open a Mainland Chinese WFOE (Wholly Foreign Owned Entity) that will be where the factory operates from.

You can have a local Chinese partner in the factory with you, and you can both own the shares in Hong Kong. Once that is setup, you will then be “foreign” to the Chinese government even if half the company is Mainland Chinese owned. So you’ll open a Chinese subsidiary that is the fully owned by Hong Kong company. Have the IP owned by the HK parent company, and now you have the benefits of HK’s English legal system while able to operate inside China.

While any company could be the foreign owner of a WFOE in China, Hong Kong is a good choice as it is so close and so common. Hong Kong banks, and other banks and legal entities will be familiar with how to file the documentation. Thus the WFOE won’t have as much of a headache as having it owned by a company elsewhere.

Make sense?

What Things You’ll Need For a Hong Kong Parent of a Chinese Factory

So what are you going to need for this Chinese factory owned by an HK limited company?

It depends, will you have a physical office in Hong Kong? To do sales, meeting clients, trade shows, etc? Or will you work close with a serviced office in HK that will help with the mail from the governments and banks.

I’m going to assume you’ll be living and working in the Chinese factory, and that will be your base. You won’t need the overhead of a Hong Kong office and will instead invest in Mainland China operations.

Thus, you won’t need many things in the Hong Kong company, most operations will happen in Mainland China.

But you’ll definitely need:

  • Hong Kong Bank – Goes without saying. Any company operating needs to have a bank account. You’ll use this to receive money from customers, and send in money to Mainland China for the production and the rent and staff costs.
  • Hong Kong Credit Card – To keep your life a bit more simple, you’ll need a credit card to put the expenses on. You’ll be traveling to trade shows, clients, and having certain online software packages.
  • Paypal. If you’re selling B2B (manufacturing orders) then I don’t recommend having clients paying you by Paypal. But you may like to have this to buy things online and for small sales. This could also come in handy buying things online if you don’t get a credit card.
  • RMB (Chinese Yuan) Currency Option – Make sure you tell the bank you’ll need a RMB currency account. This will come in handy for managing the risk in currency fluctuations. Plus you can save time at the Chinese bank when you send over Chinese Yuan instead of USD or other foreign currency. It’s much easier to convert to RMB in Hong Kong than it is in Mainland Chinese banks. You can test for yourself, and you can thank me later 🙂

So Here’s How Operations Will Go

So now you did it, you setup a Hong Kong company and then a Chinese WFOE subsidiary. Good job! That took at least 4 months, but more likely 6 months. You may have done some operations already, but now you’re fully legal to do it.

You’ll rent a big space in the outskirts of Shenzhen or in Dongguan. You have your sales team there – and the internet speeds are reasonable for dealing with foreign clients. You have orders coming in. Once the money is in Hong Kong, you can either wire the money on demand to China. A lot of companies work out a monthly invoice for costs of operations and production.

Once you send the money to your Chinese bank from your Hong Kong bank, you order the raw materials and get the factory workers trained up to handle the production. You may need to hire more staff or scale down when production is low. I hope you have a core manufacturing team in place with good experienced factory management.

You process the order. You finish mass production and then send remaining funds to your Hong Kong parent company’s bank from the client. You need to get more cash over to China to finish the deal and get it to the port, FOB Shenzhen.

You will keep some money in China, but you hold your money and IP in the parent company in Hong Kong.

This is the basic idea. Sure the factory can be over in Shanghai, or deeper into Mainland China as well. Where you choose the factory location should base on the type of product and industry you’re in. There are cities who specialize in certain areas.

So What Do You Think? Hong Kong Perfect For Your Factory?

Hope this guide was helpful for you! Where are you opening up your own factory. Often the order of events is a USA import and export company grows bigger and bigger. Getting more clients and specializing more, they want to go even more direct. Since they know their product so well and their customers too, they can invest in a factory themselves.

Sure, this will have more fixed costs and more risky, but you’ll have full control. The trickiest part is to managing the staff and the quality control. All that complaining you did to those factories you bought from before will now be your headache! Its not always the factory owner who does the bad quality on purpose. It takes good management skills to keep things in order and deliver top quality.

So I’d love to hear your experiences and tips about Chinese factories from a Hong Kong company. Please leave comments and questions below!

Ascension Into The Future Of Cross Border Business: Recap of Third Cross Border Summit

Saturday , April 21, 2018: Shenzhen, China

For 2 days, from Friday April 20 to Saturday April 21, Over 200 e-commerce business owners from both inside and outside of China assembled to take part in the third annual Cross Border Summit. Hosted by the organizations, Global From Asia, it was a conference to bring together top e-commerce business owners from all corners of the globe.

With over 40 top experts in the industry sharing strategies for optimizing your Amazon FBA listing to building an international brand and internet marketing (SEO) — the audience was filled with information and advice on how to take their e-commerce businesses to the next level.

Many international speakers had their first experience in China and Shenzhen. Brian Johnson , CEO and founder of PPC Scope , an American Amazon PPC expert had arrived to Shenzhen, China for the first time to speak at this conference. He was pleasantly surprised by the modern style of the city and the very positive minded sellers in the audience. Will Tjerlund, a top Amazon seller from Minneapolis, Minnesota also returned to share his story on scaling his business to over 2600 products in under six months . He enjoyed sharing his knowledge and the data he has gathered from his years on e-commerce and working with multi-million dollar brands in his consulting firm Goal Consulting.

The summit held a panel where we brought top international sellers such as Danny McMillan, host of Seller Sessions, Anthony Lee COO of Six Leafs, and Meir Simhi from Brand Masters to share the perspectives of the Western side of the sellers mind. Multiple sessions were quite amazing where we took top sellers and experts from both China and overseas and learned their tactics and strategies in a “head-to-head” format.

Michael Michelini, founder and host of the Global From Asia podcast said “We are so happy to bring together top leaders from around the world in the cross-border business industry. This is not your normal corporate gathering, we are here to make business deals, share actionable knowledge, and build long term relations with leaders around the world. We are growing to a new level as the industry matures and governments adopt new and more strict policies.”

“I skipped the after party in the first night to implement what I learned. Very valuable and actionable advice is what I would say this conference is all about.” Said Rolands, a Latvian B2B distributor based in Taiwan who is venturing into B2C e-commerce.

Chinese attendees also enjoyed their time at the third summit: My company is a cross border ecommerce business in China. It is my first time in Cross border Summit. First of all it is a great chance to know the different people from different countries. A good chance to know what foreign people think of China.” said Vicky from YKS Group.

More big sellers from Singapore were present “I definitely recommend coming to the summit to learn, enjoy the food, and build great relationships” said Daniel, an Amazon seller who had his first Cross Border Summit experience.

A highlight of this year’s summit was the announcement of the summit’s expansion into Latin America, with a major trade show planned for Q3 2019. On top of that, a new virtual reality China tour experience was debuted — so people from around the world can enter a Chinese factory, check it out at https://www.globalfromasia.com/vr/ and get in on the ground floor for a brand new way to find and verify Chinese factories.

Shen Wai International School Hosts IB Regional Workshop

The International Baccalaureate® (IB) Asia Pacific Regional Workshop was held in Shen Wai International School (SWIS) from the 20th to the 22nd of April. This is the first time the IB chose Shenzhen as a host city.

The International Baccalaureate® (IB) offers a continuum of international education from Primary Years Programme (PYP) to the Diploma Programme (DP). The programmes encourage both personal and academic achievement, challenging students to excel in their studies and in their personal development. The IB offers an education for students from the ages of 3 to 19, comprising of four programmes that focus on teaching students to think critically and independently, and how to inquire with care and logic. The IB prepares students to succeed in a world where facts and fiction merge in the news, and where asking the right questions is a crucial skill that will allow them to flourish long after they’ve left our programmes. There are around 5,000 schools in over 150 countries around the world that implement the IB programme(s). The IB DP is widely recognized by most universities around the world.

These 3-day interactive workshops include Introduction to the IB Programme Standards, PYP and MYP Curriculum Model, the role of the coordinator and librarian, concept-based Learning; living and learning globally, and investigating inquiry. IB teachers from Asia Pacific regions including Singapore, Malaysia, Philippines, Thailand, Hong Kong and Taiwan attended the workshops with great enthusiasm. They live and breathe the IB’s philosophy of being lifelong learners.

As a host school, SWIS treated such an event with great priority. More than one month prior to the event, a committee which included School Director, Ally Wu and Deputy School Director, Mingshan Li, formed to prepare for the event. They looked into the venues for the workshops, equipment required, lunch and snack menus, which included special dietary requests for some of the attendees, bus pickups and drop-offs, and on spot troubleshooting.  From the IB organization meetings to the end of the workshop, all the committee members had been on standby and responded promptly to all requests. Their work was highly commended by the IB officials.

The fact that the IB chose Shenzhen, as a host city, is evidence of the high standards upheld in International education here in Shenzhen. Moving forward, SWIS would like to see more and more international education conferences, forums and workshops taking place in Shenzhen, so the world can know more about Shenzhen as a reputable city in regards to education and continue its journey towards the international arena.

Chinese Name:

深圳外国语学校国际部(SWIS)

Place Address:

Shen Wai international School, No. 29, Baishi 3rd Road, Nanshan, Shenzhen, China 518053

中国深圳市南山区白石三道29号, 深圳外国语学校国际部 邮编:518053
Place Phone:

86 (755) 86541981/86541963

Finding events in Shenzhen: Are there any any up-to-date WeChat groups or websites?

Someone on Facebook asked a question regarding where to find the most updated events for restaurants and places that show sports etc. happening in Shenzhen. They were asking is there a WeChat group or website for events.

Wanted to highlight the hard work our Shenzhen team has been doing to provide the Shenzhen community with the richest event experience.

Comprehensive, updated daily over 220 upcoming events

Our Shenzhen event calendar is the most complete directory of events for all ages in Shenzhen from sports to family to food and even major concerts in Hong Kong. I just checked yesterday (4/22/2018) and we had over 220 upcoming activities. Our staff is always encouraged to ensure we have the right mix of small and large events both commercial and community driven.

Free events calendar and organizer outreach

Over the last six months the staff have been increasing our outreach to more and more event organizers in Shenzhen and it has shown a noticeable effect of quantity and quality of events on the event calendar. Many of the the events organized in Shenzhen we are media partners. If organizers promote ShenzhenParty.com on their events, we give the events the extra oomph and highlighting they need to succeed.

Anyone can post events on the event calendar for free as we want this to be the most complete event offering in the Shenzhen greater bay.

It is simple to post an event from your desktop computer just register an account on ShenzhenParty.com and then after verifying your email and logging in just navigate to our event posting form, fill in the fields and upload a visual.

Event organizers just need to wait a day or so as our moderators review them to prevent spam and duplicates.

I am too busy to post events

If you are a business and don’t have the time to post your events you can purchase a business membership and you can offload some of the work to our account managers and get additional exposure on our off platform channels.

Event Distribution off of ShenzhenParty.com

The most interesting events are republished on our WeChat “shenzhenparty” and email newsletter. Our site also links to the Shenzhen Party Facebook page and Shenzhen Meetup group where you can follow and join events on those platforms if you prefer.

Behind the scenes

Thanks especially to Wendy our event editor, Monica, and Becky for curating our event calendar. If you have questions or want do do a media partnership with your event please contact us.

Other resources

Rugby vs American Football

They’re both called ‘olive ball’ here in China. But what are the differences between rugby and American football? 

在中国它们通通被称为『橄榄球』,但是究竟英式橄榄球RUGBY和美式橄榄球(又称为美式足球)究竟有什么区别呢?

Most people will point out that American football players are covered in armor whereas rugby players simply wear a mouthpiece. Both are full contact sports which require intense ball carrying and tackling but there are many differences that make each sport quite unique. 

人们通常都会指出,美式橄榄球运动员通常全副武装,而英式橄榄球运动员仅仅一个牙套就够了。实际上这两项运动都是完全的接触性运动,需要有密集的传球和铲球。但二者又大径不同使得这两项运动都独一无二。

First off, rugby is older and American football evolved from rugby’s core. So basics like tackling and scoring are similar. American football terms such as touchdown and field goal came directly from rugby in the 19th Century.

首先,英式橄榄球历史更源远一些,美式橄榄球后根据英式橄榄球的核心发展而来,所以他们的基本规则和得分是十分相似的。例如美式橄榄球中的触地得分和射门得分则早在十九世纪由英式橄榄球规则当中直接演变而来。

Here are the key differences:

Rugby is played by 15 per side. That’s 30 players on the pitch with only one referee. Players stay on the pitch the entire match playing offense and defense until they are taken out of the game. Once a player is substituted he cannot rejoin the match.

以下是英式和美式之间的关键不同之处:

英式橄榄球每队由15名球员组成,场上一共只有三十名球员和一名裁判。在比赛结束之前,所有的球员都在场上进行防守和进攻,一旦球员被替换下场,他将不能重新参加该场比赛。

Football is 11 per side. Players are specialized and play only certain plays, can come in and out every play. 

美式橄榄球每队由11人组成,除了特定的比赛需要,场上可以随时替换或全部的球员。

Rugby players run forward and pass backwards to advance the ball. No blocking or running out of bounds is allowed.

Football players can run forward or pass over the defense to advance the ball. Blocking assists the runner and running out of bounds allows the offense to retain possession of the ball.

英式橄榄球球员通常是向前跑和向身位靠后的球员传球来推进战线,进攻方的其他球员不可以超过持球球员,也不可以冲撞和阻挡不持球的球员或者持球出界。

美式橄榄球的球员则可以向前跑或者通过穿越防守方传球来推进防线,进攻方球员可以帮助持球者冲撞防守方球员为其打开进攻空间,即便持球者跑出界,仍旧保持球权。

Rugby players can kick as an attack and retain possession.

Football players usually kick to surrender possession.

Rugby is nonstop with quick restarts.

Football is full of stoppages, timeouts, and long breaks for quarters and injuries.

英式橄榄球球员可以进攻踢球并保持球权。

而美式通常踢球后需交出球权。

英式橄榄球通常开赛后赛程紧凑,没有计时暂停,而美式则有很多暂停, 超时,或者四分之一赛时后和有受伤时都将暂停比赛计时。

Scoring by touching the ball down in the end zone in rugby is 5 points followed by a 2 point kick.

Scoring by crossing the goal line of the end zone in football is 6 points followed by a 1 point kick.

英式橄榄球的在对方得分区持球触地(达阵)得分5分,达阵后还可以踢射门一次,射中2分。

美式橄榄球可直接带球穿越得分线达阵,达阵得分6分,完成达阵得分后可踢射门得分1分。

A rugby penalty kick is 3 points and a drop goal taken during the play is also 3 points. Any player can kick.

An American football field goal is 3 points and is taken by the kicking specialist who usually does nothing else but this.

英式橄榄球罚踢得3分,或在比赛过程中直接射门同样得3分。场上任何球员都可踢射。但在美式中射门得分同样3分,但不同的说通常都会有特定的踢射球员,而这个人除了射门也只有射门而已。

Rugby tackles turn into rucks and play continues.

Football tackles end the play and everyone has a chance to reset before the next play.

英式橄榄球在比赛过程当中,如果持球者被扑搂(Tackle)摔倒,双方球员上来抢夺地上的球时形成RUCK,比赛继续。而在美式中,持球者被扑搂摔倒后,比赛暂停,而所有人都有机会在比赛继续时重新调整战略甚至是球员。

Rugby offers the defense many chances to win back the ball. After every tackle a ruck is formed where both teams try to force each other backwards to win the ball. Scrums and lineouts restart the match when the a foul has been committed or the ball has gone out of bounds. These both also allow the defense a chance to win the ball back. 

英式为防守方提供了很多赢回球权的机会。每次铲球后,两队都试图互相迫使对方后退以赢得球权。当出现犯规或者出界时,Scrum(俗称斗牛)和Lineout(列队争球)是最常见的两种重新回复比赛的形式。这两种方式都让防守方有机会赢回球权。

Play is restarted in American football by snapping the ball to the quarterback. Referees reset the ball after each play.

在美式当中,任何开球都必须首先传给四分卫。每次恢复比赛后由裁判重新设置开球。

Rugby players run around for 80 mins, tackle, kick, pass, and run. This means all sorts of body types are needed- tall skinny players, short round players, light quick players, etc. There is a position for everyone.

Football positions are specialized. A player who catches almost never will be asked to tackle. A passer will never have to kick, etc. There are positions that rarely have to run and most defenders never have to run with the ball, pass, catch, or kick.

在英式橄榄球80分钟左右的比赛中,所有球员都有可能需要完成扑搂,传球,射门,带球等动作,这就意味着无论你的体格如何,高矮胖瘦,英式橄榄球总有一个属于你的位置。

而美式就稍稍有些不同了,基本上来说每个人都有自己特定的位置和任务。例如接球者不会安排扑搂的动作,带球者可能永远不用踢射等等,例如这些特定的位置很少需要奔跑,并且大多数的防守者都不需要有带球跑,传球,接球或者踢射这些动作。

Rugby games are 80 mins long with a short halftime and a running clock.

Football games are 60 mins long with breaks for each quarter. The clock stops for numerous reasons and each team can call time outs.

英式橄榄球大约时长80分钟左右,中场休息非常短暂,而比赛开场后计时不会停止。

美式橄榄球赛时实际只有60分钟,比赛分四个赛节,每四分之一(15分钟)比赛休息一次。但总有诸多原因会暂停比赛计时,因此看球赛的人永远不知道这场比赛会进行多久。

Overall, rugby is for all-around athletes where teamwork and on-field decision making win or lose games.

Football is more of a chess match between two coaches who call plays executed by specialized players good at their positions.

总体来说,英式橄榄球是一个全能运动员的运动项目,团队合作和赛场决策都有可能赢得或输掉比赛。

美式橄榄球相对于来说更像两队教练之间的抉择,他们的球员则像是这场体能国际象棋赛中的棋子,球员的安排甚至决定了比赛的结果。

Come experience rugby in person here in Shenzhen. For more information please subscribe Shenzhen Dragons Rugby Club Wechat. 

欢迎大家加入我们体验一下英式橄榄球的魅力吧。有关更多信息请访问深圳龙队英式橄榄球俱乐部或关注我们的微信公众平台。

Place Phone:

+86 13823544352

Hilton Shenzhen Shekou Nanhai Successfully Organized 2018 Hilton Greater China & Mongolia F&B Master Competition South Region

Hilton Shenzhen Shekou Nanhai had successfully organized 2018 Hilton F&B Master Competition South Region recently, as well as the gala dinner which has been participated by over a hundred VIP customers, in house guests and hoteliers, including Philip Chan, famous director and producer from Hong Kong, and Vincent Law, Hong Kong senior wine consultant.

2018 Hilton F&B Master Competition is one of the most significant annual event for Hilton about food & beverage, which is designed to develop and celebrate the food & beverage talents within our region. It includes five challenging, the bar, sommelier, dessert, culinary, barista. The whole competition has last for over half year, more than 6 clusters, 72 hotels and 1000 participants had joined to compete for 22 finalists nationwide. 1 final winner will be selected across China.

Individuals from Hilton Worldwide hotels throughout Greater China & Mongolia will have the opportunity to compete against each other across different disciplines and showcase their un-rivalled creativity and talent within our Greater China & Mongolia region.

Hilton Shenzhen Shekou Nanhai

Ideally located in the core area of Shenzhen’s western coastal city belt, the Hilton Shenzhen Shekou Nanhai hotel faces Shenzhen Bay on the west, takes only 5 minutes to reach Shekou Ferry Terminal metro station and 15 minutes’ drive to Shekou Cruise Centre, offering easy access to Hong Kong International Airport in 30 minutes. Guest can also easily reach Hong Kong Central, Macau and Zhuhai via one hour ferry transfers. Locates in an established, expatriate-friendly international community near many shopping and leisure options, guests could go to V&A museum, historical attractions for leisure and relaxation.

深圳蛇口希尔顿南海酒店成功举办华南赛区希尔顿餐饮大师赛

近日,深圳蛇口希尔顿南海酒店成功举办华南赛区希尔顿餐饮大师赛, 并于赛后举办庆功晚宴,逾百名VIP客户、在店客人及同业人士共襄盛举,来自香港的影视歌三栖知名导演及制片人Philip Chan陈欣健先生以及香港资深葡萄酒顾问Vincent Law罗达章先生受邀参与晚宴。

希尔顿餐饮大师赛是年度的餐饮盛事,包含调酒师、咖啡师、侍酒师、甜品、烹饪五大主题的比拼,历史半年,由全国6大赛区、72间希尔顿旗下酒店、以及逾千名餐饮界名厨新秀参与,共同角逐出22名胜出选手,最后再从22名各区域胜出的选手中角逐出1名全国总冠军。

此次大赛云集来自全国的希尔顿餐饮行业人才,体现了希尔顿对于餐饮业不断追求卓越和创新创意的精神。

关于深圳蛇口希尔顿南海酒店

深圳蛇口希尔顿南海酒店坐落于深圳西侧沿海城市带的主要区域,远离都市喧嚣,闹中取静。酒店地理位置优越,从酒店客房即可欣赏深圳湾醉人的美景。交通便利,四通八达;距离蛇口港地铁站只需5分钟的路程,距离蛇口邮轮中心仅15分钟路程。从蛇口邮轮中心前往香港国际机场只需30分钟。宾客还可以通过一小时的轮渡抵达香港中环、澳门国际机场或珠海机场,便利前往海外旅游。深圳西部最具活力的、集商业、餐饮及娱乐于一体的海上世界距离酒店也仅是举步之遥。

Place Name:  Hilton Shenzhen Shekou Nanhai 深圳蛇口希尔顿南海酒店
Place Address :  1177 Wanghai Rd, Nanshan District, Shenzhen 深圳市南山区望海路1177号
Place Phone:  +86 755 2162 8888

China officially Discover Verdicchio and other White Wines! 

It’s been now years since Stesoph brought to China the most wanted  Italian White wine – Verdicchio.
 
Few years later, also thanks to our instinct and competence of China market last week a Chinese delegation has come to the Marche Region in order to start soon a partnership!
Thanks to Stesoph staff deep knowledge of this territory, a Chinese delegation supported by a SOHU TV came to discover physically this side of Italy. They filmed the lands , homeland of this incredible and unique white wine, famous  all over the World, and consequently,  also sadly  the most copied Italian wine by scammers.
Soon a complete reportage on : https://tv.sohu.com
 The hillsides of Marche hold many secrets, among them the complexity and ageability of well-made Verdicchio. That’s why I feel intrigued years ago as I explored the region, says Caroline Sophie Douce, owner of Stesoph.

The Verdicchio grape, grown in the hillsides of north-central and western Marche, is used to produce a variety of wines, from “metodo classic” to “passito” and, in between, some of the longest-lived dry whites found in Italy and not only.

Decanter Italy expert Ian D’Agata, in his book Native Wine Grapes of Italy, asserts that ‘Verdicchio is arguably  Italy’s  greatest  native  white  grape  variety.’  In  its  2015  Italian  wine  guide,  Gambero  Rosso awarded its highest rating of tre bicchieri to 11 examples of Verdicchio – more than any other white in the country. So why is it that you would be hard pressed to find more than one example on wine lists outside of Italy?

Maybe simply because it is difficult to appreciate something that most people in China didn’t know before Stesoph intuition and perseverance through its Italian platform located in Shenzhen. They introduce into China market several top quality original white wine that became in a few years very appreciated and a “must have” mainly by the new generation and high society Chinese women with a sales grow over 10% every year.

This success was possible because of the excellent selections in terms of quality by Stesoph’s partners specialized in production of Verdicchio dei Castelli di Jesi special for a series of factors including soil, climate and elevation. The Castelli di Jesi zone is located in north central Marche closer to the sea side, while Verdicchio  di Matelica is in the western centre of the region, close to the Apennine Mountains where the wineyards grow up to 800m above sea level.

Verdicchino from Broccanera

Read more about Stesoph selection wine on

Place Name: SteSoph Commerce and Trade (shenzhen) Co., Ltd 舍芬商贸(深圳) 有限公司
Place Address :  BaoAn District , Qianjin 2ND road , Taoyunju, Zhihui Chuangxin Centre, Room 605B, Buliding A
宝安区前进二路桃源居南面智汇创新中心A座605B
Website:  SteSoph Commerce and Trade (shenzhen) Co., Ltd’s Website
Place Phone:  +86 (755) 61809809 / 138 2328 9472
Email:  info@stesoph.com

 

Full Scholarship Available at Merchiston International School, Shenzhen

Merchiston International School (MIS) Shenzhen is the first overseas campus of Merchiston Castle School (MCS), a top-ranked independent school located in Edinburgh, Scotland, UK, which boasts a rich history of over 185 years. 

Merchiston International School provides deserving students with the opportunity to experience the best of British international education in a culturally diverse environment.

MIS is now accepting scholarship applications for full A Level (tuition and boarding, up to a value of RMB315,500 per year) and partial IGCSE scholarships for August 2018. 

Don’t delay, as all completed applications must be submitted by Friday, April 27, 2018

Selection Process

MIS is looking for academically strong students who are well-rounded and who will contribute positively to the school community. Candidates are evaluated based on their past academic performance, awards received, participation in extracurricular activities and their personal statement. Final scholarship award decisions will also take into consideration the results of the candidate’s assessments and applicant and family interviews.

Scholarship awards are intended for the duration of a student’s Year 10 to Year 13 school attendance at MIS. Students must maintain a high academic standing, also consistently demonstrate a positive attitude and maximum effort in their learning.  

British Education with a Global Outlook

As the first overseas campus of Merchiston Castle School, Merchiston International School (MIS) in Shenzhen will provide an authentic British education as well as boarding school system.

MIS Headmaster Chris Lynn will lead the outstanding teaching and management team to create a first-class, British international boarding school in Shenzhen. MIS teacher recruitment is conducted globally through our British team. Among the currently confirmed teaching team, over 80 percent are from the UK.

All our teachers are highly qualified with degrees, teaching qualifications and many years of teaching experience both in the UK and international schools. Futhermore, current MCS Headmaster Mr. Andrew Hunter will join MIS in August as Educational Consultant in order to assure the quality of both teaching and learning. 

Merchiston International School is a boarding school that accepts students ages 5-18, with boarding from Year 3 onwards. Primary students (Years 3-6) may choose to attend the day school only, supported by our school buses. 

Secondary students (Years 7-13) are assigned houses within our boarding system. There are three uniquely designed, modern boarding facilities in MIS, with resident staff on-site 24 hours a day, 7 days a week, providing personalised, focused care and supervision.

Boarding develops a cohesive blend of school learning with extra time available for enrichment activities, a full program is developed for students to ensure their time is productive and enjoyable. A close and caring community is at the core of the boarding experience, where students and staff work together to develop independence and resilience in MIS learners.

MIS provides British National Curriculum with additional access to Mandarin language as part of the core learning. In MIS, Chinese culture will be taught through the Art, Music and Performing Arts programme, IGCSEs and A Levels. The curriculum in MIS has also been modified to reflect our Chinese setting and international outlook. Students are provided with the opportunity to go traveling in China and abroad, which will help broaden their horizons even further.

With this unique combination of learning experiences, MIS pupils will acquire determination, passion, life skills and the right qualifications to contribute to the amazing growth of the city of Shenzhen and beyond.

For further queries about application and scholarship programmes, etc., please contact admissions@merchiston.cn or call 400 867 0177.  

Merchiston International School (MIS) offers the best of British curriculum. Students Years 1-9 study the English National Curriculum, while students Years 10-13 study for IGCSE and GCE A Level examinations. 

Located in Longhua District, Shenzhen, MIS occupies grounds of 20,000 square meters with combined 50,000 square meters of building space, accomodating 1,200 students with a maximum class size of 22. The school will open its doors to boys and girls ages 5-18 in August 2018.  

How to apply

Step 1 – Gather the necessary documentation. The application form is online. Before you begin to complete the application, make sure to prepare the following documents which you will submit in the first section of the application form. 您带好需要的文件。申请表格可在线下载,在您填表之前,请准备好表格中第一栏所提及的文件(如下)。

Required Documents 需要的文件:

Step 2 – Write your personal statement, a 300-word essay. The Merchiston motto is “Ready Ay Ready”. What does this mean to you? 请撰写一篇个人陈述信,一个 300 字的小论文。 题目—深圳曼彻斯通城堡学校的校训是“为未来而来”,你对这个校 训是如何理解的呢?

Step 3 – Complete the application form and attach your personal statement as a PDF file. 请完成申请表格,同时附上 PDF 格式的个人陈述信。

Step 4 – FOR SHORTLISTED APPLICANTS ONLY – Shortlisted applicants will be invited to visit MIS to sit the scholarship assessment and attend an individual and family interview. (仅限奖学金候选人)深圳曼彻斯通城堡学校会邀请候选 人来校完成奖学金评估,同时参加学校对学生个人和家人的面试。

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Chinese Name:

深圳曼彻斯通城堡学校 

Place Address:

No. 12 Shilongzai Road, Dalang Sub-district, Longhua District, Shenzhen

深圳市龙华区大浪街道石龙仔路12号(大浪时尚小镇)
Place Phone:

+86 400 867 0177

Can You Get a Job from a Hong Kong Company Overseas?

This article is originally found here: https://www.globalfromasia.com/workingoverseas/

Do you have a job from a Hong Kong company full time? But living in America most of the time?

When did this insanity start?

Life used to be so simple. We would all stay in our own countries, have our address in the same town as the company we worked in, and pay taxes to that city / state / country.

Nowadays it seems so complex.

But it is awesome. And I get to hear great questions from readers like today’s post.

Let’s share the question here:

(Disclosure: we are not tax professionals, just making a conversation and thought process for your own situation and to ask your own tax professional before making decisions)

Today’s Question

The last two years or so I have been consulting for an American pump manufacturer. Helping them with supply chain and other issues in China, Hong Kong and even Vietnam and India (haven’t been to India physically though).They are now talking about hiring me full-time. It seems that for budget bucket reasons, they want to hire me via their 100%-owned Hong Kong trading company. I would be the first employee there. I really just have one big question set:

How much time would I need to spend in Hong Kong physically to be counted as an employee? And, of course, pay Hong Kong’s beautifully lower income tax rates. My wife and kid are now in California and I would want to spend time with them but if I could do that AND spend time in HK (for the lower taxes) that would be ideal. I am going to be going much more often too — so might as well place me as an employee over there.

Mike – I would really appreciate your time and thoughts on this. Let me know
(Reader’s name removed upon request)

Factors To Consider

As almost all advice, please do you own due diligence. I’m not a lawyer, and am sharing as best to my knowledge and research can provide. Disclaimer, don’t blame me if I am wrong!

Are You American?

I think first question is, are you a US citizen? Believe this will make things more complicated.

Especially if you are living and residing in California, the most expensive state in the United States. They will want your tax income. I believe you are still seen as a California resident, and have to declare this income to the state and pay taxes on it.

Tricky one, as it’s not a US based company.

Where Do You Spend Your Time? Where Do You Deliver The Work / Value?

So, where are you going to be most of the time? Still in California? If you are in USA more than 330 days a year, you fail the exemption status for foreign earned income.

If you are to be outside of America, especially California, for more than 330 days, as an American, this foreign earned income could be exempt from taxes.

But I can’t imagine the US tax department liking you getting paid offshore and sitting at your home office in California most of the time. Make sense?

The Hong Kong Company is Giving Your Proper Employment Contract

They intend to hire you full time, right? So then I would assume you would get an employment contract from them, in Hong Kong.

As an employee in Hong Kong, you would need to then get a Hong Kong ID card. That isn’t a bad thing, it has a lot of perks and advantages. But HK immigration will want the company to see if the company can hire someone in Hong Kong locally first. That is just normal immigration things, Hong Kong is seriously overcrowded and they are getting strict on who they allow to come into the region.

In Hong Kong, to get a job from a Hong Kong company, you’d need to get a proper employment contract as well as a HKID card.

Then, of course as an employee, you and the Hong Kong company hiring you would need to pay the associated taxes in Hong Kong. Which, you mentioned are much lower than in USA and most other parts of the world.

Hong Kong employment tax rates.

How Will The Hong Kong Company Pay You? HK Bank?

How will this company be paying your salary? I would assume you have to have, or setup, a personal bank account in Hong Kong. Then they would setup payroll and have the funds deposited to your bank account either every couple weeks or monthly.

Will you need to access these funds right away? Will you use these funds to pay for your cost of living in California, USA? If so, I would then imagine you’d have to wire transfer the money from Hong Kong into your American bank account.

That money would then be treated as income in America? You will put those transactions in your personal bank statement. At the end of the tax year you’d have to figure out how to classify that to your tax accountant.

But, to stress, you can’t hide your money in Hong Kong from the US tax authorities anyway. You were never supposed to, but nowadays it is impossible. So you’ll have to declare this income to the IRS and explain that it comes from Hong Kong and that you’re hired by a Hong Kong company.

If you are doing it this way, you’ll be paying monthly bank wiring fee, and then declaring taxes in America as, a sole proprietor? Not sure to be honest.

How Big Is This Company?

The next point to look at, how big is this company? And when I say company, I mean the entity registered in Hong Kong. Doesn’t matter if this company is a massive conglomerate registered in the UK. What matters is how big the company is in Hong Kong.

That means, how much revenue. How big is the “real office” (not a serviced address or virtual office). How many full time staff, located in Hong Kong, and a legal hiring with employment contracts are there. Also, there is a difference between how many local Hong Kong people have jobs as a percentage of how many foreigners have jobs.

Any company that has a lot of locals hired, and is doing a lot of payroll tax is contributing to the local economy. Governments love job creations – for their people.

So these kinds of figures will help in your case as a foreigner in a Hong Kong company.

This is a Local Hong Kong Limited Company (Not Offshore Elect)

I am assuming that this Hong Kong domestic company (as opposed to offshore elect) and paying the 16.5% corporate tax rate on earnings. If you think you can get the 0% offshore election option and you can still get a local job in the company, you’re a bit mistaken.

You can’t have your cake and eat it too.

If you’re an offshore company, that means you have no local Hong Kong operations. One of those factors being a Hong Kong employee – which you are trying to become.

What’s Your Salary? Above or Below Market Value?

Another thing the Hong Kong government looks at, as well as any government, is it is a fair salary? That means is your salary what a local Hong Kong person would be in this same position? If you’re the director of the company trying to give yourself a lower salary to avoid taxes, may not work.

Other cases are if you give a lower salary to yourself or your foreign staff in exchange for support on the employment visa. Some people are willing to take a lower salary just to be able to stay legally in Hong Kong. But this will also raise flags and be problems.

You need to pay what the market will bear for someone in your exact position, in Hong Kong.

Has The Company Tried To Hire a Local?

Are you trying to use this salary and income as a way to immigrate to Hong Kong? There may be instances where the immigration department wants to see if the company has put out a job advertisement to place this position in the job market. That means, give a chance to the local Hong Kong market to get this job if they are capable and willing to accept that salary level.

You may say, why does that matter, the owner and director of the company picked me! Again, this depends on the case of how hard it would be for the company to find a local person to do the same role as you. Maybe you’re so special that no one else in Hong Kong can do this job? There are of course cases where that is true, especially in computer programming and technical roles. There is a big shortage of supply in the job market for this job speciality.

So if you’re working in a position that is in short supply in the Hong Kong job market, you’ll have a better chance of this Hong kong salary scheme you’re working on.

What’s Your Long Term Goal with this Job?

So you need to ask yourself, you’re living in California, you’re American. Your family is there too, you’ll be flying back and forth between the 2 continents. Where do you want to spend your time?

Do you want to immigrate to Hong Kong? Bring your wife and kids here, go through the education system here? Or is this just a temporary income stream at the current employer. You want to use it to get more cash, save some taxes, and build some international experience on your resume.

Nothing wrong with either case. But of course, if your long term plan is to relocate to Hong Kong, going through these hurdles will be more logical. If it is a short term play, you may re-consider all the paperwork and hassles your employer and you will have to go through.

Do You Need / Care About a Hong Kong ID?

Another thing, from the email I got – it seems there is no interest in getting a Hong Kong ID (HKID).

A HKID is a pretty valuable thing to have, wherever you are in the world.

As a local resident in Hong Kong, you will get access to the medical system. Sure, public hospitals are not as good as private – but if you’re in a bind, you can always rely on public hospitals taking care of you.

Related: We talk about Hong kong medical options and insurance plans here.

You’ll also be able to cross into Mainland China much easier. Take it from me, as someone without a HKID, my friends who have it zip past me on the borders. If you’re an international business person going between USA, Hong Kong, and Mainland China – you’ll like to get this ID card if you can.

What Do you Think? Get The Job contract in Hong Kong?

So that covers my points. What do you think?

There are other options for how you’re compensated. You can always be an independent contractor and get paid in cash / wire transfer. You’ll file with your US taxes as an independent contractor and your US tax accountant will be able to classify this.

Disclosure, I am not a tax specialist, and this article is a general guideline and free help for those curious on the topic.

Feedback, comments, and hate mail is welcome!

Chinese Golfers Earn Dream Trip to Las Vegas with World Stars Win

 

Pan Jie-Hong and Zhuo Tian-Wei will fly the flag for China in Las Vegas this summer after the teenage golfers secured victory in the 2018 Mission Hills World Stars of Junior Golf Championship at the Mission Hills Haikou resort in Hainan.

14-year-old Pan was crowned overall girls’ champion with a 215 total, including a brilliant second-round 69 on the Sandbelt Trails Course. One of three top-10 ranked Chinese juniors in the field, she closed with a 73 to finish on one under par for three rounds, 11 shots ahead of her nearest female challenger, Sophie Han.

Zhuo finished two shots behind Pan on 217 to take the overall boys’ title. A student at the Mission Hills Golf Academy in Shenzhen, the 16-year-old closed with a level-par 72 to finish one over for the tournament, one ahead of final round leader Liu En-Hua.

Pan and Zhou receive free exemptions into the IJGA World Stars of Junior Golf Championship in Las Vegas this July, a tournament ranked by The R&A, the NJGS, Golfweek and the AJGA. The other age-group winners will also be invited: Liu (Boys’ 11-14), Song Guan-Lin (Boys’ 9-10), Lai Si-Jia (Girls’ 15-17) and Han (Girls’ 9-10), all from China.

With R&A and CGA ranking points on offer, more than 100 juniors aged nine to 17 from 10 different countries competed over three days on the highly-acclaimed Sandbelt Trails Course in Haikou – one of 22 courses across two luxury resorts at Mission Hills, the world’s largest golf facility as recognised by the Guinness World Records.

Leading final scores:  Boys’ 15-17: 217 – Zhuo Tian-Wei (CHN) 72 73 72; 224 – Jerry Song (NZL) 69 80 75. Boys’ 11-14: 218 – Liu En-Hua (CHN) 73 71 74; 231 – Zhao Jun-Lin (CHN) 76 81 74. Boys’ 9-10: 257 – Song Guan-Lin (CHN) 85 91 81; 280 – Wang Zi-Ang (CHN) 90 98 92. Girls’ 15-17: 235 – Lai Si-Jia (CHN) 76 82 77; 236 – Lu Jia-Yang (CHN) 77 82 77. Girls’ 11-14: 215 – Pan Jie-Hong (CHN) 73 69 73; 243 – Zhang Jun-Yuan (CHN) 76 86 81. Girls’ 9-10: 226 – Sophie Han (CHN) 74 82 70; 274 – Liu Ying-Yuan (CHN) 92 88 94.

Photo Captions:

Photo 1 – Chinese golfers Pan Jie-Hong (left) and Zhuo Tian-Wei celebrate victory in the 2018 Mission Hills World Stars of Junior Golf Championship at the Mission Hills Haikou resort in Hainan.

Photo 2 – Chinese golfer Pan Jie-Hong is congratulated by teammates after winning the 2018 Mission Hills World Stars of Junior Golf Championship at the Mission Hills Haikou resort in Hainan.

Photo 3 – Winners from the 2018 Mission Hills World Stars of Junior Golf Championship at the Mission Hills Haikou resort in Hainan.

 

ABOUT MISSION HILLS GROUP

Mission Hills Group, owner and operator of Mission Hills resorts in the heart of the Pearl River Delta and on the tropical island of Hainan, is synonymous with leisure, wellness, entertainment and luxury.

Founded in 1992, Mission Hills is recognized as one of the world’s leading golf brands and a pioneer in China’s hospitality, sports and leisure industry. The world-class integrated leisure and wellness resort destinations have hosted more than 100 international tournaments, dating back to the World Cup of Golf in 1995, the first international golf tournament in China. Mission Hills has also been accredited by the Guinness World Records as the “World’s Largest Golf Club” and the “World’s Largest Mineral Springs and Spa Resort”.

Mission Hills’ properties sprawl over 40 square kilometres. They include 22 championship courses designed by renowned players and architects from five continents, five-star resorts, award-winning spas and volcanic mineral springs, international convention centres, state-of-the-art golf academies, a 20-pitch football training base, Asia’s largest basketball school and Asia’s biggest tennis facility. Mission Hills is also the official training headquarters for China’s Tennis, Football and Golf Associations.

The Group’s ‘golf and more’ leisure philosophy has catalysed its tourism-related business expansion into a leisure hub for multi-generational families. Mission Hills Centreville in Shenzhen and Haikou provides integrated shopping, recreational, business, education, entertainment, leisure and cultural experiences, including Bromsgrove School Mission Hills in Shenzhen in collaboration with the historic British boarding school. Mission Hills has also extended its foray into the hospitality industry by partnering with world-renowned hotel brands such as Hard Rock, Renaissance and Ritz-Carlton. These collaborations have seen the opening of Ritz-Carlton’s first golf resort hotel in China and China’s first Hard Rock Hotel in Shenzhen.

Other significant projects include Movie Town in Haikou in partnership with China’s largest film production company, Huayi Brothers Media Corporation and award-winning director, Feng Xiaogang and China’s first Wet’n’Wild water park in collaboration with Australia’s leading entertainment group and largest theme park operator, Village Roadshow Limited.

Mission Hills has also announced ground-breaking partnerships with FC Barcelona and the NBA to bring the world’s most famous football club and the world’s largest professional basketball league to its Haikou resort, making Hainan island a leading hub for football and basketball development in China.

For more information and latest updates, visit www.missionhillschina.com or follow Mission Hills China on Facebook, Instagram, LinkedIn, Twitter and YouTube.