doing business in China

Case Study: Internal Control Review for subsidiaries in China

What is an Internal Control Review (ICR)? The goal of an ICR is answering to the question whether an internal control is established and sufficiently executed in a company. The main emphasis herein relies on the specific management and control proc...

Draft Foreign Investment Law: China promises security to investors and businesses

Surprisingly prompt draft of the first Chinese law on foreign investment A draft of China's new and first foreign investment law has recently been published and is available for public inspection and comment. According to analysts, critics and th...

Webinar: Final Call for China’s Cybersecurity Law Compliance

Final Call for China's Cybersecurity Law Compliance  December 2018 marks the end of the transition period for the Chinese Cybersecurity Law (CSL).  That means the period of grace for international companies in China regarding CSL compliance will soo...
video

Only for a short time: China facilitates Fast-Track Company Liquidation

In the course of the reorganization of the tax authorities and their responsibilities, China's authorities want to make tax liquidations possible in a simplified procedure for the remaining weeks until the end of the year. The aim is to carry fewer o...
Business Development Zones Guide China2015

Business Development Zones Guide Beijing & Tianjin

Economic development zones are not entirely a Chinese invention. In numerous other countries around the world similar zones were established long before to promote the local economy and test structural reforms. However, much of the Chinese growth i...

Innovation Still a Top Priority for China

On Wednesday, 12 July 2017, Premier Li Keqiang chaired a State Council executive meeting discussing means on how to develop innovation within the Chinese economy. The meeting released a draft of their proposals to elicit public suggestions. The bluep...
franchising china

China to Introduce Ranking System for all Companies in China

A report published by the Mercator Institute for China Studies (MERICS) in late May provides a detailed look at China’s upcoming “Enterprise Social Credit” policy. The report claims that while this new system will help the Chinese government address ...

New Tax Regulations for Cross-Border E-Commerce

In March 2016, the Chinese government issued two new regulations, which have changed the taxation of imported products bought online from businesses abroad (B2C). Previously, cross-border online purchases for personal use were mainly treated as indiv...

Many businesses must renew their business licenses! Check the deadline for your company now

Recently, you may have noticed some differences in the business licenses. Below photos will help you review the differences introduced in the format of the new version of business license based on the amended Company Law that went into effect in Marc...
Overview of the steps how to set up a WFOE in China

How to set up a WFOE in China: the most important steps

When starting a business in China, many choices have to be made. One of the first tasks is to determine the entry strategy and decide on the legal structure. Do you want to enter China with a Joint Venture, a Representative Office, a Wholly Foreign O...