Subscribe to feed Latest Entries

Insights from Arie Schreier. How China is changing and what we can do to capatalise

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Friday, 20 October 2017
in Business in China

By Toby Marshall

ACBC boosted our week with yet another brilliant Roundtable presentation, this time from speaker Arie Schreier. And nice to see our old friend David Thomas back in the facilitation role - he does it so smoothly and his China knowledge is vast.

With Arie’s extensive experience consulting to and managing organizations globally, his stories held valuable insights for those planning to capitalise on the business opportunities in China.

And loved that he didn’t just share the ‘look at the success we delivered’ stories - he shared some stuff ups as well. So much more real and valuable than the perfect world that many firms pretend to have. What were some of his take home messages? 

Tags: Untagged

26 Prohibitions Issued for Company Names

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Thursday, 19 October 2017
in Business in China

Company name creation is the first thing you need to do when applying for setting up your legal entities in China, and the State Administration for Industry and Commerce (AIC) is the ministry that evaluates and approves your application. August 11th 2017, AIC interpreted the newly introduced "Restriction Rules for company names", which clearly stated the creation of company names must comply with the 26 rules.

Among the 26 prohibitions, 11 of them strictly ban those company names containing contents and words that may harm the interests of the state or society or containing any contents that may cause fraud or misunderstanding to the public; company names containing foreign country (area) names or international organization names and company names that consists of foreign characters or Arabic numerals, etc. 

Tags: Untagged

China Deepens the VAT Reform

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Tuesday, 17 October 2017
in Business in China

China’s Value Added Tax (VAT) reform was introduced in 2012 and implemented national wide in May 2016. From May 2016 to June 2017, 85.12 billion RMB has been cut from companies’ burden, according to the Ministry of Finance.

Premier Li Keqiang confirmed that China will continue to refine VAT reform, following an August 18th meeting of the State Council Executive Meeting.

The VAT reform programs announced this year continue to streamline and simplify China's tax structure.

 There are four major changes as followed:

1.Tax tiers have been reduced from four to three tiers (now 6 percent, 11 percent, and 17 percent, with the 13 percent tier removed) and reduce tax rates for farm products, tap water, and publications from 13 percent to 11 percent.

Tags: Untagged

Established in 1985, ACS Motion Control (ACS) is an international manufacturing company that provides state of the art motion control solutions. ACS has sales and support centers in the USA, Germany and South Korea. In 2011, ACS started its business in China by using PTL Group’s operational platform.

In March of that same year, Mr. Tu joined ACS China as their China General Manager.

Q: ACS has been using PTL Group’s operational management service since 2011, how do you find this platform helping with your daily work?

A: A great benefit is that we don’t need to set up a legal entity since we can already operate by using PTL’s platform. They recruit and manage our employees in terms of payroll, social insurance, and the expense and reimbursement of our employees. Furthermore, they host us at their well-located office in Shanghai where we have our independent office space, but still enjoy use of the shared meeting rooms, reception, and cafeteria. Thanks to PTL Group’s operational management, I can focus on developing our business and managing a well functioned distributor team. 

Tags: Untagged

A Way out in the Chinese Market for an International Software Service Company ---- An interview with PTL Group’s Client - Plataine

Posted by PTL Group
PTL Group
PTL Group has not set their biography yet
User is currently offline
on Friday, 13 October 2017
in Business in China

Plataine is an award-winning provider of Cloud-based IoT manufacturing optimization software. Plataine’s patent-protected solutions provide material & asset tracking and

traceability capabilites, creating the Digital Thread from raw material to end product. Plataine’s AI-based Digital Assistants empower advanced manufacturers to make optimized decisions on time, every time. Plataine’s solutions are used by top-tier manufactures including Airbus, GE, IAI, and Steelcase. With its HQ and R&D center in Israel, Plataine extended its sales to China in 2009 through one sales representative, however, the sales took off dramatically since Mr. Jason Xu and a new team joined in 2014. Today, Plataine’s China sales activities is 10-fold the sales it was in 2014.

Tags: Untagged