Company

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How to close a WFOE and a Representative Office

Earlier this week we published an detailed article on how to liquidate a company in China. Now, this article will show you what the process looks like for a WFOE and an RO. To liquidate your company does not defeat and failure, it can also be a neces...
ECOVIS Beijing at the Chamber of Commerce in Giessen

ECOVIS Beijing at the Chamber of Commerce in Giessen

Which tax and legal obstacles are there for foreign businesses in China? This question and other issues were discussed on 4 October 2016 at the German Chamber of Commerce in Giessen. On this occasion, Manuela Reintgen, Business Development Manager at...
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How to liquidate a Chinese company?

Doing business in China can be rewarding and make you incredible rich, but sometimes things can go wrong. In this case, closing your company might be the only solution. However, liquidating a business in China can be a challenge of its own kind. The ...

PE-Tax-Update August 2016

SAT published a tax audit case on a foreign company with regard to its Permanent Establishment (PE) status. By sending too many employees working in its China subsidiary, the company was considered to be a PE and ended up paying over RMB20 million II...
offices

Moving Your Offices In China: A 5 Step Guide

In China, companies frequently move their offices and production facilities. However, the process of moving operations is quite complex and a relocation has to be prepared carefully to minimize the strain on business. For whatever reason you want to ...
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Management Structure of a WFOE Part 2

General Manager The General Manger is employed by the Board of Directors or the Executive Director and is responsible for the daily operations of the WFOE. The WFOE should have one General Manager with a mandate of three years who is object to the...
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Management Structure of a WFOE Part 1

Management Structure  In general, there are two management structures applicable for WFOEs in China. The first one is a Board of Directors leading the company. The Board of Directors shall consist of at least three directors. One of them has to be t...
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Articles of Association – Key terms for a Foreign Invested Company in China

1. The functions of the Articles of Association First of all, the AoA are the legal basis for a company to do business with third parties. They provide the principles of a company’s management structure, business activities, rights and obligations ...
WFOE de-registration

4 Steps to liquidate a Wholly Foreign Owned Enterprise

Going through liquidation is a complex and often long lasting process. Failure to comply with existing regulations might result in severe legal consequences for shareholders. These are the most important steps to consider when closing a wholly foreig...