Supporting a International Restaurant Chain Market Entry & Expansion in China
The Client is an Italian restaurant chain, the client wanted to open 3 restaurants in the first year, and 20 restaurants in China over the
Data Protection for industrial and telecom companies in China
China has recently released data protection measures for industrial and telecom companies. The Ministry of Industry and Information Technology (MIIT) finalized the Measures for Data
Managing Book-Tax Differences for China Annual CIT Filings
Book-tax difference management is a significant task for financial managers and auditors during the annual corporate income tax (CIT) reconciliation season in China. This reconciliation
China Trademark Law Draft Amendment Shows Progress and Positive Changes
The China National Intellectual Property Administration (CNIPA) released the Draft Amendment to the PRC Trademark Law on January 13, 2023, marking the fifth revision since
Improving trade relations between China and Australia
Trade relations between China and Australia are improving after a period of diplomatic standstill. The Australian Trade Minister, Don Farrell, had a virtual meeting with
FESCO in China (Foreign Enterprise Service Company)
Foreign companies need to be registered as legal entities in China before they can begin to hire employees, local or foreigners. Foreign companies need to
Chinese Employment Contracts, What Should Be Included?
Employment/labor contracts are one of the first steps in the process of hiring employees in China. Getting the employment contract right needs to be prioritized
China Supply Chain Financial Management & Accounting
Keeping total control over your financial processes is determined by the level of Financial Supply Chain Management (FSCM) you have in place. It’s a common
Foreign Medical Device Registration in China
China’s medical and healthcare industry is second only in size to the U.S. on a global scale, The vast growth annually for Chinese medical devices
Tax Liabilities for Equity Transfer in China: An Introduction
In terms of business practices, equity transfer is one of the most common. And whether you are an individual or corporate shareholder, you will be
China WFOE or JV? Which Structure Suits Your Business in China?
Should you choose to be a WFOE or a JV company? Making the right choice for your business will be a cornerstone of your success.
Transformation of the E-Fapiao Program and What It Means for Businesses in China
There is a new type of fully digitalized electronic invoice that is called E-Fapiao. It’s a complete change to the standard value-added tax (VAT) e-fapiao
China Company External Restructuring
Boosting operational sustainability is the key purpose of company restructuring in China, utilizing strategies that can prepare and ready enterprises to become flexible and agile.
China Company Internal Restructuring
The internal restructuring of a company in China is not as complicated as you might imagine, but you still need to concisely understand your options.
How to Retain Your 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
China Allows Companies to Apply for Dormant Status
Small-scale enterprises in China have been negatively impacted since the beginning of the COVID-19 pandemic and still are today. Trying to stay afloat by paying
China’s New VAT Regulations Are Good News for SMEs
SMEs in China are in for some good news in regards to the new VAT regulations, although it might complicate accounting and administration matters even
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 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
How to Verify Suppliers in China?
Verifying Chinese companies and suppliers can be a long and daunting process if this is your first time dealing with this issue. The recommended strategy
How to Repair Tax Credit for Companies in China?
The State of Taxation (SAT) in China made an announcement on 1 January 2022 on several issues relating to Tax Credit Evaluation and Repair. Adding
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
Chinese Accounting Standards Guide for Foreign Investors
It’s only natural that China has a host of different considerations that simply do not exist in other nations across the world. So, it?s extremely
PU Letter Update: Exemptions for Z- Work Visa Applications
As of 6 June 2022 foreign travelers to China for business or work will no longer have to apply for a PU letter to travel
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
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
China HNTE Tax Incentives to Promote High Tech Innovation
The evolution of Chinese manufacturing from being a low-cost budget sector to becoming a high-end producer is the key focus for the Chinese government. Their
China Work Visa & Work Permit Transfer to a new Employer
If you are a foreigner working in China, or any other country for that matter, having a valid work permit is not just nice, but
China ATSE Tax Incentives for Advanced Technology Service Enterprises
Although HNTE (High and New Technology Enterprises) and TSME (Technology-Based Small and Medium Enterprises) statuses are the most common in China tax policy, another core
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
China RCEP Benefits – The Regional Comprehensive Economic Partnership
The Regional Comprehensive Economic Partnership (RCEP) was launched on 1 January 2022 and is a trade agreement between its 15 member nations. It’s being touted
China Data Security and Personal Protection Law for Foreign Companies.
China doesn’t have a single law governing data protection. The laws covering data protection are part of a larger regulatory framework that is complex in
China Joint Ventures: Developing a Successful Joint Venture Agreements
Increasingly foreign investors are becoming more interested in choosing a joint venture (JV) structure when entering the Chinese market. In the past, foreign investors were
Franchising in China for Foreign Brands
It was reported in 2018 by Franchise Direct that China had over 4,500 franchises and chains in operation. And although the USA tops the charts
Understanding Annual China individual income tax (IIT) Filing of 2021
Keeping on top of annual tax filing in China has always been not just essential, but also a legal requirement. And with so much red
How to Get a PU Letter to Return to China for Business or Work?
It’s been a difficult two years for the worldwide community as it battles to get COVID-19 under control so we can get back to some
