Eolane was honored as a Functional Institutions of Multinational Corporations in Jiangsu Province and a Gazelle Enterprise in Suzhou.

Date:2023.12.26

Type: éolane News

After 17 years of rapid development, it has developed from the foreign trade procurement center of eolane Group in China to the Asia-Pacific headquarters of the group, which integrates electronic manufacturing and hard incubation, and has grown into a strategic growth sector with sustainable development of eolane Group, and continues to inject new vitality into the development of intelligent manufacturing industry in the park.

Functional institutions of multinational corporations

It refers to a foreign-invested enterprise established in Jiangsu Province by a multinational company with its registered place of business abroad, which performs operational functions such as research and development, fund management, procurement, sales, logistics, settlement and support services across provinces and above (the shareholding of the foreign parent company should be more than 50%).

Evaluation Criteria

The declaring enterprise has independent legal person or non-independent legal person qualification + foreign enterprise, continuous operation for more than 1 year.

Independent legal person declares that the overseas parent company directly or indirectly holds more than 50% of the shares, and the actual paid registered capital is not less than 2 million U.S. dollars; non-independent legal person declares that the enterprise's finances need to be independently accounted for and declares that the parent company's cumulative payment of the operating capital of the enterprise in the past three years is not less than 2 million U.S. dollars.

The total assets of the parent company ≥ 200 million U.S. dollars. Service sector enterprises to set up functional institutions, the parent company's total assets ≥ 100 million U.S. dollars.

The number of domestic and foreign independent legal person enterprises authorized by the parent company to undertake functional service functions and authorized to manage is not less than 3 (of which ≥ 1 is registered outside the province);

All independent legal person enterprises under management or service pay normal taxes and all branches have sustained business contribution.

Multinational companies that have set up regional headquarters and functional organizations in the province may set up other functional organizations that meet the criteria for functional organizations.

In the past five years, the performance of eolane China has been among the best in the group, and it is expected that the sales will reach 100 million euros next year. This year, eolane China has even broken through the influence of the epidemic, and the orders have been rising, against the trend of growth. The recognition of headquarters enterprise and gazelle enterprise has made the French headquarter really understand the support of Chinese government for foreign enterprises, and the group headquarter has further increased the investment layout in Suzhou, spent money to accelerate the digital transformation of factories and built the second plant in Asia-Pacific. eolane China will continue to repay the recognition and support from customers and the government with better service and steady business growth!