Tam Hangers: Trading Company Incorporation During Global Pandemic
China
Challenge
Tam Hangers needed to establish a trading company in China during the challenging period of the global pandemic in 2020. The company faced significant obstacles due to travel restrictions, lockdowns, and the complex regulatory environment for foreign companies entering the Chinese market. The pandemic created additional complications for business registration processes, bank account opening, and compliance requirements that typically require in-person presence and coordination with multiple Chinese government agencies.
Solution
FDI China provided comprehensive support for Tam Hangers' market entry into China by facilitating the incorporation of a trading company in the Shanghai Free Trade Zone. Our team managed the entire registration process remotely, navigating the pandemic-related restrictions and ensuring all regulatory requirements were met. We handled the business license application, registered address provision, legal representative appointment, and coordinated with local authorities to complete the incorporation despite the challenging circumstances. The Shanghai Free Trade Zone location provided additional benefits including streamlined procedures and preferential policies for foreign-invested enterprises.
Results
Successfully incorporated Tam Hangers as a trading company in the Shanghai Free Trade Zone in 2020, enabling them to commence operations in the Chinese market despite the global pandemic challenges. The company was able to establish a legal presence in China, obtain necessary business licenses, and begin trading activities. This strategic market entry positioned Tam Hangers to capitalize on China's economic recovery and growing demand for their products.
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