Why incorporate in China?

China is situated in the East Asia covering an area of approximately 9,600,000 square kilometres. It borders in the north by Russia, Mongolia; in the north-west by Kazakhstan; in the west by Tajikistan; in the south by Afghanistan, Pakistan, India, Vietnam, Nepal etc.; in the north-east by Korea.

With a population of 1.36 billion, China is the most populous nation in the world. The major cities are the capital Beijing, which is the political and cultural centre, and Shanghai, which is the largest industrial, commercial and financial centre. Other important cities are Guangzhou and Shenzhen in the South, Fuzhou on the coast opposite Taiwan and Tianjin near Beijing in the North.

Key Benefits

  • Attractive quality-to-cost ratio of Chinese manufacturing operations
  • Access to China’s growing market for imported goods and services
  • China is the world’s leading trading and manufacturing nation based on output
  • China GDP topped $10 trillion in 2014, second only to the United States with a growth rate that has consistently reached between 7 and 10 percent over the last three decades. As the economy matures, the annual GDP growth is still expected to exceed 5 percent
  • More than 300 million people in China are considered middle class today, with its urban middle class expected to reach 70 percent of its population by 2030
  • The WFOE company offers foreign enterprises independence and freedom to implement the global strategy of its parent company without the obligation to consider the involvement of the Chinese partner
  • A WFOE has the ability to formally conduct business as oppose to only performing a representative office function. It can issue invoices to customers in RMB (Chinese Currency) and also receive revenue in RMB
  • A WFOE can convert profits earned in RMB to US dollars. Remittance can be made to the parent company outside China
  • Protection of intellectual know-how and technology
  • A WFOE offers greater operations, management and developmental efficiencies

Services Offered

  • Advice and structuring of Chinese companies for foreign business in China including Joint Ventures (JVs), Whole Foreign-Owned Enterprises (WFOE) and Representative Offices (Rep. Office)
  • Liaison with local and government authorities for required approvals
  • Advice relating to tax planning, inward investment, cross border structuring and asset protection
  • Business advice and introductions
  • Registration of trademarks and patents
  • Identification of suitable premises
  • Personnel recruitment
  • Payroll administration
  • Business and personal tax registration
  • Independent audit services
  • Business advice and introduction

Incorporate in China

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OCRA Worldwide announces strategic merger with Acclime

17th November 2022, Hong Kong - OCRA Worldwide (OCRA), announces today that it has completed the strategic merger with Asia Pacific’s premier corporate services provider Acclime (www.acclime.com). This is the latest step in Acclime’s active expansion as the Asia specialist in compliance and corporate services throughout the region.

Established in 1975 and led by Bart Dekker and Dharmesh Naik, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting, and HR services. Over the past 40 years, OCRA has become a truly global business by providing very personalised services to their clients, most of whom are private investors or companies investing abroad.

From its founding base in Europe, OCRA has morphed over the past decade to focus on the faster growing markets of Asia and the Indian Ocean, and currently has teams in Hong Kong, Shanghai, Singapore, Mauritius and the Seychelles with around 80 staff. Additionally, OCRA is licensed in Samoa and the UAE to provide incorporation services to clients and referral partners.

"The high quality of the team, the interesting gateway jurisdictions of Mauritius and UAE which are important investment hubs for Africa and India, and the synergy of offering OCRA clients more services and Asian locations for expanding their business were the strategic logic for Acclime's interest in acquiring OCRA," said Martin Crawford, CEO and Co-Founder of Acclime. "We look forward to introducing OCRA’s corporate clients to our regional experts in China, Hong Kong, Australia, Cambodia, Indonesia, Malaysia, Thailand, India, Philippines, Singapore and Vietnam," he added.

The sale of the business was managed by the corporate advisory team of Mazars in London (Paul Joyce & Fred Dearden), acting for the ultimate shareholder of OCRA, and was opened for bids. "Acclime was chosen as the preferred bidder as the team recognised the cultural similarities, with high quality, personalised services at the core," said Bart Dekker, OCRA’s Managing Director, Asia Pacific. Dharmesh Naik, OCRA's Managing Director, Middle East and Indian Ocean, added, "We are excited and delighted to become an integral part of a large international team with the established resources across Acclime's network, and to execute the transaction in line with OCRA's long term succession plan in the interest of all of our stakeholders."

OCRA will operate as an independent business unit within Acclime, supported by funding, IT and marketing initiatives that will grow the business further. Bart Dekker and Dharmesh Naik will remain running the business post-acquisition.

The transaction is subjected to regulatory approvals in several locations and Acclime is expected to complete the acquisition by the end of 2022.

About OCRA
Established in 1975, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting and HR services. For over 40 years, OCRA has been providing personalised services to its clients, most of whom are private investors or companies investing abroad.

About Acclime
Acclime, the premier corporate services provider in Asia, helps corporate and private clients to advance their businesses and interests in difficult-to-navigate markets in emerging Asia. The company’s vision is to reinvent the corporate services sector with innovative solutions that are seamlessly delivered to the highest global standards.

Enquiries: enquiries@ocra.com