Our collection of resources based on what we have learned on the ground
Resources
Q&A
What is a wholly foreign-owned enterprise in China?
- November 2013
- Free Access
It is a company established in China according to Chinese laws and is wholly owned by one or more foreign investors. WFOE is of limited liability, i.e.: shareholders will only be liable for the amount of shares that they have subscribed to. The laws ...
Q&A
How many types of wholly foreign-owned enterprises (WFOEs) are allowed by law in...
- November 2013
- Free Access
There are three types that are currently allowed: Service (or consulting) WFOE; Trading WFOE (or Foreign-Invested Commercial Enterprise – FICE); and Manufacturing WFOE Despite having the same legal identity, they have significan...
Q&A
What are the sector restrictions for wholly foreign-owned enterprises under Chin...
- November 2013
- Free Access
According to Guidance Catalogue for Foreign Investment (2012 Catalogue), which is jointly published by the National Development and Reform Commission and Ministry of Commerce, sector restriction applies to the business activities that the Wholly Fore...
Q&A
How could the status of suppliers be known to foreign investors in India?
- November 2013
- Free Access
India holds an exceptional public record system. It is thus very easy to find relevant information of your suppliers therefrom. Here is a list that would help inspire: Company and personnel information (including share capital and tax issues); Co...
Q&A
How is the regulatory environment in India for trading?
- November 2013
- Members Access
For trade, the Export/Import Policy of India is annually amended on 31st March. Also, the duties levied on goods imported or exported could range from 5-40%.
Q&A
What documents are required for a company to start trading in India?
- November 2013
- Free Access
The trading company should prepare the following documents, prior to trading: Import/ export license; Customs declaration form; Invoice; Certificate of origin; and All other relevant documents.
Q&A
How many classifications do Export/Import Policies in India have on goods traded...
- November 2013
- Free Access
There are 3 classifications: Restricted goods: Only ex-/importable if the relevant licence is obtained from the relevant regional licensing authorities. Canalised goods: Only ex-/importable if specific procedures or transportation means. Prohibi...
Q&A
What goods would require license in India?
- November 2013
- Free Access
The goods that require licensing under Indian law can be found in Indian Trading Classification, wich is based on a Harmonised Code (ITC(HS)). There are two "Schedules": Schedule I deals with import policies, which is subsectioned into 21 sections, w...
Q&A
What types of duties are there in India?
- November 2013
- Free Access
There are many duties levied by the Central Government. A list of the following includes the most important ones: Basic Duty; Additional Customs Duty; Additional Duty (VAT); Anti-dumping Duty; Countervailing Duty on subsidized articles; Safeg...
Q&A
Which documents are required to sell to India?
- November 2013
- Free Access
According to s. 90(4) Income Tax Act, Indian buyer has the right to request the seller to show a Tax Residency Certificate. Tax Residency Certificate is issued by national tax bureaus of the country of origin of the company or individual. However, th...
Q&A
How to register a trading company in India?
- November 2013
- Free Access
To register a company in India, the following steps are involved: Proposed directors must apply to the Ministry of Corporate Affairs of India to obtain the Director Identification Number. After obtaining so, the directors can apply to the Registr...
Q&A
What documents are necessary for Importer/ Exporter Code number application in I...
- November 2013
- Free Access
You will need to fill in the “Aayaat Niryaat Form” (ANF2A) and accompanying this form, you will need: 2 Passport-sized photographs of the legally responsible persons; Permanent Account Number; Current bank account number; Banker&rsq...
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