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.

Cross-border money transfers-The use of mobile payment applications

Profit repatriation from China to home countries is an essential topic for both companies as well as individuals. Foreign-invested companies mostly use service contracts or dividends to transfer money, e.g. to a headquarter on the other side of the w...

China: Still challenging, still promising! Part 2

Part two – Market openness increasing, limited trade war effects In this two-part article series, we are discussing the results of five business climate surveys, completed by the German, EU, Benelux, US, and UK Chambers of Commerce in China. In part...

E-Fapiao – Understanding advances in fapiao technology

Managing fapiao, or tax receipts, is an essential part of doing business in China. In this video, we will explain the purpose of the fapiao system, as well as explain how the e-fapiao technology can have an impact on your business operations.

Social Insurance Contribution Base in Beijing updated

Two different values adopted for 2019 Every summer, the Beijing Social Insurance Center publishes data on the average salary in Beijing for the preceding year. Based on this average value, the maximum and minimum social insurance contribution base i...

Business Climate Survey Analysis: Part 1

China’s business climate perceived as challenging, yet promising Every year, many international Chambers of Commerce in China conduct surveys among their members, to understand how businesses feel operating within this market. From the Chambers’ per...
China Insight Cover Page

Ecovis in the Press: China Insight 02-2019

We are thrilled to announce, that China Insight, a German Economy magazine in China, published two articles from Ecovis Beijing. The first article is discussing “Tax relief in China”, the second one “Termination of employment in theory and practice”....

Webinar: Profit Repatriation- How to return financial assets to your home country?

On the 2nd of July, Business Development manager Mr. Rene Bernard presented a webinar on the topic of Profit repatriation. The webinar discusses the different methods of repatriating money in China for companies and individuals. It also shows the tax...
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Webinar: Labour Contracts and Terminations in China

China’s first labour law took effect in 1995, covering the rights and responsibilities of both the employer and the employee. Since then, a Chinese employment relationship is regulated not only by the labour law, but also by the employee handbook and...

Beijing Says No To Recruiting Practices Discriminating Women

The Beijing Municipal Human Resources, Social Security Bureau, and nine other departments jointly published a “Notice on further strengthening the management of recruitment activities to promote women's employment”.   This occurred on June 26, 2019...

Investment into China in times of trade conflict

Since the beginning of the 1980s, China was known not only for its impressive growth but also for the difficulties foreign investors faced upon entering the Chinese market.  In recent years the policies regarding foreign direct investment have been c...