Tax updates – August 2023
Be sure to request our Special Report on Taxes in China – 2023 here! With the Chinese government attempting to regain confidence, encourage investment and stimulate economic activity, the Ministry of Finance of the People’s Republic of China had made several announcements related to taxes of individuals and enterprises at the end of August. The […]
China’s Population Declines
China is currently facing a significant demographic crisis as its population experiences a decline for the first time in 60 years, dropping by 850,000 to a figure of 1.4 billion in 2022. This occurrence marks a pivotal moment for China, requiring the need of a fresh perspective and forward-thinking approach to address the changing demographics […]
Structure Your Entity in China
When setting up an entity in China, there are a whole range of crucial decisions that need to be made by the shareholder, that will affect the company’s operations in the country. In this article we discuss why it is important to properly structure your entity for future operations and discuss several items that must […]
China New Measures Foreign Investment
In an attempt to increase foreign investment and improve the downturn China currently finds itself in regarding foreign investment, the Chinese government has released a 24-point plan which aims to relax certain regulations and encourage foreign investment. Why are These Measures Being Introduced? After the Covid pandemic and the lockdowns that faced China, many economists […]
High Tech Industry in China
Over the last few decades, China has garnered the reputation as the world’s manufacturing hub. The efficiency and cost-effective manufacturing power China built put the country on the global map as an economic powerhouse. Nearly every product-based business, in every industry, worked with China to manufacture goods, but now, with strategic investments and a changing […]
Documents for Employees in China
In order to hire employees in China employers must follow certain HR compliance matters. One important question that we frequently get asked is about what documentation an employer needs to file with respect to their employee’s data. In the following article we will provide you a best-practice guide of documentation a company should have when […]
China Q2 2023
China’s economy experienced a 6.3% expansion in the 2nd quarter compared to the previous year, mainly driven by a low base effect. However, the momentum has slowed down significantly since the strong reopening in the 1st quarter. Data from the National Bureau of Statistics (NBS) reveals that GDP growth was only 0.8% from April to […]
Doing Business in Shenzhen
Emerging as one of China’s most innovative and economically competitive cities, Shenzhen presents itself as a promising location for foreign investors in search of growth opportunities. While having a short history, dating back to the 1970s, the city of Shenzhen has grown from a small border town to a thriving global metropolis. Notably, the city […]
Legal Representative in China
If you intend on creating a legal entity or having an office in China, it is required by the Chinese government to appoint a legal representative for your Chinese subsidiary. In a Western context, the term “legal representative” generally refers to a lawyer or legal officer of a company, who advises the company on legal […]
Cloud Accounting in China
With more services being streamlined, accounting has been no exception and with cloud accounting business owners, shareholders and managers are able to easily access and plan their company’s finances. Foreign companies using cloud accounting in China have overall experienced a large positive impact. Below we explore the benefits of cloud accounting, the challenges unique to […]
