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.

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...

Company Liquidation: A comprehensive guide on how to proceed [2/4]

Doing business will always have its success and failures. However, in the case where it really comes down to needing to liquidate your company, there are formal steps in which you should closely follow.   The process is long, involving multi...

E-Commerce Market In China

The worldwide Business-to-Customer (B2C) e-commerce sales reached a value of 1.5 trillion USD per year by now. As one of the fastest growing during recent years, this sector showed a steady annual increase of around 20%. Find out more in our e-comm...