Pronology Services (China) Inc. transforms to Foreign owned incorporation
Author：Tom Zhou
1. Reason：
Pronology Services (China) Inc. (Below short for PSI) is an incoming material processing company, had founded 5 years ago in 2006. Now according to its development needs and the favorable policy to the transformation incoming material processing factory from Shenzhen Government, PSI started to make the related affairs about transforming to a Foreign owned incorporation, and plans to complete the transformation in July 2011, PSI will start its business as a Foreign owned incorporation in August 2011.
2. Advantage of Foreign owned incorporation:
1.1. Self-governed legal enterprise, which has own management rights completely
1.2. To continue enjoying the duty free policy of import and export in overseas sales
1.3. Material bought domestic using on the product selling abroad can enjoy duty return policy
1.4. Can do domestic sales, develop China mainland market, and issue 17% Special VAT invoice
1.2. To continue enjoying the duty free policy of import and export in overseas sales
1.3. Material bought domestic using on the product selling abroad can enjoy duty return policy
1.4. Can do domestic sales, develop China mainland market, and issue 17% Special VAT invoice
3. Business mode between Foreign owned incorporation customer:
4. Business mode between Foreign owned incorporation vendors:
