Richard Hoffmann

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Richard Hoffmann is Consultant, Lawyer and Partner ECOVIS Beijing. He obtained an honor's degree in law in Germany and worked for various prestigious law firms in Germany, America, and China. Richard has published more than fifty articles in international magazines, frequently speaks at high profile events in China and abroad and is often invited as a legal expert by international TV and radio stations such as CCTV or Reuters.
GDPR

GDPR(EU) Investigation

May 25th, 2018, sparked a new era for data protection in the European Union (EU), marking the date on which the General Data Protection Regulation (GDPR) (EU) came into effect. The GDPR is a regulation for EU law on data protection and privacy for al...
company liquidation

Case Study: Tax Liquidation in China – including a Step-by-Step-Guide for the Liquidation Process

The tax liquidation process in China is a complicated and sometimes time-consuming effort that can take at least 4-6 months or up to 24 months. The duration depends mainly on the right preparation beforethe actual liquidation process starts. Just as ...
Double Taxation Treaty

Individual Income Tax (IIT) Reform: New Tax Law Confirmed

On Friday, August 31st the Standing Committee of the National People’s Congress confirmed the amendments to the individual income tax law, which will fully take effect on January 1st, 2019. The main changes affect the tax thresholds, the tax brackets...
data protection

GDPR – New rules affect business in global market(Youtube)

What is GDPR and how does it impact your business in China? The China Enterprise Compliance Promotion Alliance and the China Council for the Promotion of International Trade have organized one of their events in Beijing and have invited our ECOVIS Be...

(Video) Seminar: “Investment in Germany”

On 1st of August, our partner Mr. Richard Hoffmann gave a presentation on topic "investment in Germany" on a Chinese live TV show, organised by China Council for the Promotion of International Trade. In his presentation he explained in detail why Ger...

Is China Going To Buy SAP?

Since it became public on 23 February that Mr. Li Shufu, founder of the Chinese car company ´Geely´, acquired 9.7 % of Daimler - the holding company of Mercedes-Benz - and by doing this became the biggest single shareholder, a new debate about invest...
Copyright

Protecting Your Intellectual Property Rights In China

China is known for its inventions like gunpowder, the compass, and paper. But in recent years, China has had a rather different reputation, namely that of a shameless “copycat”. Although China has recognized the importance of Intellectual Property Ri...
Lithuania

Why Lithuania will become the key to financial institutions in Europe

Lithuania offers a unique opportunity for financial institutions. As a member of the European Union, it can enter the entire European market. Government policies that encourage digital entrepreneurship create a very welcoming environment in which com...
open

Xi Jinping Promises Further Opening Up At Boao

From 8 to 11 April 2018, the Annual Conference of the Boao Forum for Asia was being held in name-giving Boao, a town in southern China´s island province of Hainan. The conference, which labels itself as a Asian Davos, is themed “An Open and Innovativ...
cybersecurity

Which Sanctions Can Be Imposed For Violating The New Chinese Cyber Security Law

At the end of 2018, the grace period for implementing the new Chinese Cybersecurity regulations will expire. ECOVIS Beijing explains which sanctions can be imposed for violations. At the end of 2018, the grace period for implementing the new Chine...