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.
Chinese passport

Company set-up in the Chinese tourism industry

From 1949 until the early 1970s, the People’s Republic of China was a closed country and only selected foreign visitors were allowed to enter China. During that time, many Chinese nationals were not allowed to travel abroad and even if they would hav...

Hong Kong Holding or Direct Entry?

Considering your different options of entering the Mainland Chinese market? Not sure if you should be using a third jurisdiction like Hong Kong? Well let us break it down a little for you. Hong Kong is often a popular choice for a third jurisdiction...
Office Openeing

Galaxy Soho Office Opening: a successful evening of chatter & laughter

  “Lively music, great company coupled with heavenly wine and canopies, definitely an evening to remember.”  Yesterday evening was a great turn out. With great music swaying in the background sponsored by a friendly Australia...
Corporate income tax china - resident enterprises

Corporate Income Tax – Part 3, Resident enterprise

Resident enterprises are either established under the laws of the PRC or founded outside, but with a place of effective management in China in the sense of a management which is substantial and has overall management control over manufacturing and bu...
Corporate income tax china - resident enterprises

Corporate Income Tax – Part 2, Non-resident enterprise with a PE

Our last article covered the case of a non-resident enterprise without a permanent establishment. In this article, we will discuss the situation if you are a non-resident enterprise with a permanent establishment. When it comes to Corporate Income Ta...
Corporate income tax china - non resident enterprises

Corporate Income Tax – Part 1, Non-resident enterprise without a PE

Non-resident enterprises are established under foreign laws, but have either a Permanent Establishment or place of business within the PRC or gain income from sources in China.  To get the right taxation, we need to distinguish between the companie...

Good Potential for Investment: The Wuqing Development Area

The Wuqing Development Area enjoys location advantages and is also known as the corridor of Beijing and Tianjin. It is 25 km away from Tianjin city center, 35 km from Tianjin Binhai International Airport, 45 km from the planned Second Capital Airport...
Company liquidation

Company Liquidation: A comprehensive guide on how to proceed [1/4]

The Liquidation Process Once the company has decided and declared its decision to dissolve, the liquidation process begins. The liquidation process can be a lengthy process, usually taking up to 12 months, but may differ depending on the reaction t...
Chinese outward foreign direct investment

Chinese Outward Foreign Direct Investment

China's economy is changing immensely fast over the last years. As China is prioritizing on economical success, they have moved towards a new political direction. One of the first Chinese OFDI (Outward Foreign Direct Investment) flows in Germany was ...
vat tax exemption china - inter company services

VAT China – How does it work for inter-company services

By Richard Hoffmann, ECOVIS Beijing The following email inquiry from one of our readers will bring light into the darkness of pilot services applicable to VAT in China. A big foreign company group “The Group”, faces increasing inquiries from withi...