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Client Stories

Cambridge engineering business restructured in Greater China

Restructuring CML’s China business to better execute the marketing of its products and services in China

“Crayfish.io have been invaluable in their management of our China projects. Their team had gone above and beyond for CML and they are always available with a solution. There have been so many moving parts during the process and there is no way we could have done it without Crayfish.io. I would happily recommend them to anyone looking to establish a presence in China.”
CEO, CML

Background

Cambridge Mechatronics Limited (CML) is a multidisciplinary engineering company that leverages smart materials to design and develop miniature motors, also known as actuators, for use across a variety of applications. CML has established relationships with major global corporations across international supply chains.

What was the challenge?

In 2019, with its business continuing expanding in China, CML intended to restructure its Chinese business to better execute marketing and customer care in China.

CML requested the support from Crayfish.io to help with setting up in different locations in Greater China, and then enter into employment contracts with local staff and provide work permits to UK employees on secondment.

How did Crayfish help?

Crayfish.io helped CML with the complete process of setting up entities in Shenzhen, Hong Kong and Taipei, and provided advice on corporate structuring, the transferring of employee contracts, the preparation of employment contracts and handbook, the notarization and translation services, and through Crayfish’s local service network arranged ongoing financial management services for CML entities in all three different locations.

  • Setting up a Wholly Foreign Enterprise in Shenzhen
  • Incorporating of CML subsidiary in Hong Kong
  • Setting up a branch in Taipei
  • Transferring the contracts of local employees from business partners in Shenzhen and Taipei to its new entity
  • Application of general taxpayer, import and export license
  • Ongoing management services of accounting, payroll, tax and audit

What was the outcome?

Despite the disruptions caused by the pandemic and lockdown, Crayfish and its local service teams did not stop all the way through the process, and managed to successfully set up CML’s local entities in all three locations within 2020.

What does the client say?

“Crayfish.io have been invaluable in their management of our China projects. Their team had gone above and beyond for CML and they are always available with a solution. There have been so many moving parts during the process and there is no way we could have done it without Crayfish.io. I would happily recommend them to anyone looking to establish a presence in China.”

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