Banking in China
What is a Business Bank Account? A business bank account is a bank account used by business owners to carry out corporate transactions, in addition to being a separate account that allows businesses to effectively manage their finances and tax obligations. While business bank accounts operate similarly to a standard personal bank account, users often […]
Challenges of Doing Business in China
Planning to invest in or open a business in China? Here are some of the challenges to expect when doing business in the Chinese market in 2023. How Easy Is It to Do Business in China? Despite the challenges posed by COVID, for a long time China managed to maintain the strength of its economy […]
Re-assessing Business Strategy China
The global economic outlook continues to be challenging, with energy supply uncertainty in Europe along with rising inflation and the lack of forecasted growth. However, with the COVID-19 restrictions, the property market crisis and other issues arising, there are additional headwinds that face businesses operating in China. In this article, we will examine 4 strategic […]
Decoupling from China
Since 2020 the landscape for business globally has been redefined. Weaknesses on a global level have been exposed, from failures on the governance front to frailties in supply chains and human resource practices that needed to be adjusted. It has also provided a strong contrast in examples of what constitutes great partnerships, whether it be […]
China Trading Company
A trading company is one of the most popular forms of business entities in China for foreign investors, mainly because of the versatility it offers. Here we discuss this type of business setup and the advantages it can offer you. What is a China Trading Company? Trading companies in China act as an intermediary between […]
Employee Termination China
Employees in China have certain employment rights when an employer wishes to conduct layoffs, restructure or liquidate a company, according to local labor regulations. The rights attributed to employees do not entitle them to keep their jobs but do require a notice period prior to the termination as well as certain procedures to be followed. […]
Hire and Pay Employees in China
Finding a way to hire and pay employees for a business venture in China can be a cumbersome task. Even though it may seem like a complicated task, several methods exist to employ local and foreign talents for your business in China. Here are 6 ways companies can enter the Chinese market and hire staff […]
Starting a Business in China
*Last update: August 2023 China, as an emerging market is undoubtedly a highly important country for opportunistic foreign companies looking to expand their operations globally. Despite the potential for growth, doing business in China can be a considerable challenge, due to its complex regulatory environment and processes with regards to set-up and maintenance. Moreover, recent […]
Independent Contractor in China
If you have ever planned on hiring an independent contractor while in China, there are numerous factors you must consider. This article will provide a comprehensive overview on independent contractors in China, the distinctions and challenges associated with hiring contractual workers as well as the necessary requirements and procedures should you decide to hire one. […]
Dormant Company in China
There are many reasons why a foreign invested company may decide to suspend their Chinese business activities. This can be due to challenges of establishing a strong presence in China, the need to focus on the home or other markets, in preparation of liquidating the company in the future, or to just simply put the […]
