South China Special

October 2003 China Briefing

This South China special issue covers devising a budget for setting up a factory in South China, good China corporate secretarial and licencing practice, an explanation of Chinas new compulsory quality certification certificate, and an overview of Dongguan city. Alberto Vettoretti, Regional Partner, Dezan Shira & Associates South China writes “A Practical Budget For Your South China Factory”, dealing with all the cost issues, set up costs, operating costs, production expenses, right down to costs of meals, dormitory accommodation for Chinese staff, minimal wage levels and mandatory welfare contributions. A useful check list of expenses with examples and comparisons of costs in Guangzhou, Shenzhen, Dongguan & Zhuhai is included. Chris Devonshire-Ellis, Senior Partner, Dezan Shira & Associates contributes an article on “Good Corporate Secretarial Practice in China” outlining responsibilities foreign investors have over the myriad of China licences that are required to be renewed each year, including Business Licences, Import-Export Permits, Articles of Association, Foreign Currency Certificates and so on. Sacha Cody of Dezan Shira & Associates contributes a piece on "Chinas New Compulsory Quality Certification Certificate" (CCC) that is now required for the sale of manufactured goods in China. It outlines the registration procedures and the application processes for obtaining CCC.