Archive for April, 2017

New requirements on leasing property for commercial use

As we all know, one company needs an office for its registration purpose and its daily operation. In most cases, such offices are rented from others, especially from individual landlords. Before, the company’s initiators just have to obtain the copy of the deed, the leasing agreement and the certificate on the usage of the property [...]

Published by Crys Zheng on April 25th, 2017 tagged Uncategorized | Comment now »

NGOs in China, Pay Attention to the New Law

A new law named Law on Administration of Domestic Activities of Overseas Non-governmental Organizations was promulgated last year. NGOs in China shall pay attention to this, or the organization might be under risk of violating law.
NGOs in this law refer to foundations, social organizations, think tanks, and other non-profit-making and non-governmental social organizations legally established overseas.
The [...]

Published by Mike Wang on April 21st, 2017 tagged Uncategorized | Comment now »

China and Business: Expect the Unexpected. 9 things to Know before you go to the World’s most Populous Nation

Last night, I was chatting with a former classmate, now a high-flying hedge fund manager-cum China angel investor (most of my classmates are wildly more successful than myself). This person is indirectly funding a foreign corporate client for whom our firm is helping to organize a new variable interest enterprise (VIE) to help facilitate foreign [...]

Published by Edward E. Lehman on April 18th, 2017 tagged Uncategorized | Comment now »

NGOs in China, Pay Attention to the New Law

A new law named Law on Administration of Domestic Activities of Overseas Non-governmental Organizations was promulgated last year. NGOs in China shall pay attention to this, or the organization might be under risk of violating law.
NGOs in this law refer to foundations, social organizations, think tanks, and other non-profit-making and non-governmental social organizations legally established overseas.
The [...]

Published by Mike Wang on April 14th, 2017 tagged Uncategorized | Comment now »

Foreigners: Know Your Rights on China Social Benefits

Several days ago, one of our clients contacted the firm with a question about China social insurance for expats. This client was seeking clarification as to whether all foreign employees are required to pay China social insurance, since some employees have labor contracts with foreign enterprises outside of China, and are dispatched to work for [...]

Published by Myra Kong on April 11th, 2017 tagged Uncategorized | Comment now »

Foreigners Doing Business in China: Here’s a List of 5 Things You Should Never Say While Negotiating

If you’re new to negotiating in China or have been doing business in China and still find it difficult, here are some classic missteps to avoid.
Every China Businessman/China-entrepreneur spends some time haggling. Haggling is arguably a national sport in China whether it is with vendors, customers, suppliers, investors, or would-be employees. Most Chinese business owners [...]

Published by Edward E. Lehman on April 10th, 2017 tagged Uncategorized | Comment now »

Procedures for Closing a Company in China

We have discussed much about procedures for establishing a company in China, and you know that it is not an easy and quick thing. Neither is closing a company. Or even more complicated and time assuming, sometime it may incur conflicts between the shareholder and the employees if the liquidation team doesn’t handle matters properly.
The [...]

Published by Mike Wang on April 7th, 2017 tagged Uncategorized | Comment now »

Use Chinese in China Product Advertisements

We help a lot of client’s review and draft advertisements to be shown in the China market. Client will typically send us a pre-made ad, probably the same ad they use in the USA, with a few Chinese words thrown in, and want us to make sure it will work under China advertising laws. Usually, [...]

Published by Myra Kong on April 6th, 2017 tagged Uncategorized | Comment now »

Expat Tax Preferences for China Individual Income Tax

Following our previous blog post regarding the tax obligations for a foreigner staying in China, let’s take a look at what preferential tax policies a foreigner in China may be entitled to.
1. 1300 RMB deduction in income tax
Subject to the relevant provisions of Individual Income Tax Law of China and Implementing Regulations of Individual Income [...]

Published by Myra Kong on April 5th, 2017 tagged Uncategorized | Comment now »

Qingming

Qingming (Tomb-sweeping) Festival, a four-day national holiday in mainland China has just come to an end. During this festival, Chinese nationals visit graves or burial grounds to pray to their ancestors and pay their respects. It is similar to ‘All Saint’s Day’ of Judeo-Christian tradition celebrated on November 1st each year.
This message is not about [...]

Published by Edward E. Lehman on April 5th, 2017 tagged Uncategorized | Comment now »