Insights

Acadia Advisory partner Jack Wu speaking at The Global Britain Trade Expo.

Meet Acadia Advisory at The Global Britain Trade Expo 2025

The Acadia Advisory Group will be returning to London this 29th May 2025 to attend and exhibit at The Global Britain Trade Expo hosted at London’s QEII Centre. Managing Partner Jack Wu will be speaking and presenting to attendees on how to enter the Chinese market and explaining some of the opportunities in China for British businesses. We are looking forward to returning to London to make new connections and reconnect with friends. Please feel free to reach out and ...

Hiring employees quickly in China & building local teams

To hire employees in China quickly and build local teams, companies need to understand how to navigate the local labour market and cater to the desires and needs of employees. This goes for both recruiting and retaining employees in China. At Acadia Advisory we help our clients understand the local hiring landscape and the expectations of the local workforce. We put our clients in a position that enables them to attract qualified candidates. Candidates are increasingly looking for opportunities that ...

China Company Chop Management

The importance of a China company chop and how to obtain one as well as the serious legal implications of misuse is potentially the single most important business practice that foreign investors must familiarize themselves with before entering the Chinese market. This article will discuss the following topics related to company chops in China: What is a Chinese Company Chop? A company chop or seal is used in Chinese business, in-lieu of a signature, to finalize transactions and legal agreements. ...

How to Retain Chinese Employees in China?

The definition of ‘employee retention’ is the way a company can keep its employees. Keeping talented staff is very important for organizations and enterprises and can even be linked to maintaining a happy work environment and excellent production. If you pay competitive salary rates and offer loads of benefits alongside a healthy work-life balance, you will retain more of your best employees. High staff turnovers in China are commonplace, especially among senior-level staff, office workers, and professional technicians. Not many ...

China Permanent Residence Application & Tax Implications for Foreigners

Foreigners working in China can apply for a Foreigner Permanent Residence ID card if they wish to enjoy prolonged periods living and working in China when compared to China work visas. Having Permanent Residence status simplifies every part of life in China and will make your stay in China more secure with less red tape. China Foreigner Permanent Residence ID card holders can leave and enter China easily and can also live in China and work here indefinitely. It provides ...

China Free Trade Zones – Where to establish your business in China

Its essential to understand the differences between a Free Trade Zone (FTZ) and a Non-Free Trade Zone when you are setting up a business in China. A standard free trade zone is a certain type of Special Economic Zone (SEZ) that allows you to import and export, and manufacture without having to deal directly with the Chinese Customs department. Free trade zones are of major importance for modernizing the business landscape in China in regards to experimenting with regulations that ...

Chinese Social Security Coverage for Expatriates

As the world is now in recovery mode in the aftermath of COVID-19, there is an increased likelihood that more foreign expats will want to start visiting and working in China once more. This is especially true in China’s major cities and financial hubs such as Shanghai, Beijing, and Guangzhou. Those expatriates are expected to pay tax on any earnings they make in China or even to pay Chinese social welfare benefits in some cases. So, what does that mean ...

China Tax Incentives for Small Businesses

China is taking a proactive stance to protect and encourage small and micro-level businesses in China with tax incentives to ease financial burdens coming out of the COVID-19 pandemic. This business-friendly ethos is to help these companies get back to normal or survive in the middle of adversity. But what are these tax incentives and how can they help small businesses’ These measures will include corporate income tax (CIT) cuts, individual income tax (IIT) reductions, and value-added income tax (VAT) ...

How to Calculate an Employee’s Payroll in China?

Adhering to local labor laws while operating a foreign business in China is a real challenge and one that shouldn’t be taken likely. Chinese labor and business laws can be complex and filled with regulatory requirements. It can be a potential minefield to understand these laws without help or research beforehand. If you don’t comply with local business regulations in China, it can cost your company lots of money, and time and you will have to deal with the scary ...

China TSMEs Technology-Based Small and Medium Sized Enterprises Tax Incentives

The term TSME is a tax term/category and an acronym for Technology-Based Small and Medium-Sized Enterprises. These generally fall under the category of SME (Small and Medium- Sized Enterprises). They are essentially technology-based enterprises that involve scientific and technology-based specialists working in R&D (Research and Development) activities that create innovative tech products or even services to obtain the IP rights for the tech. To be deemed as a TSME, the losses the company made and have not made up in ...