In this edition of China Outbound, we look at the new economic and business environment of India and ASEAN countries, the tax and other incentives provided to companies seeking to invest in renewable energy industry in Singapore and other ASEAN nations.
According to PRC Company Law, all Foreign Invested Enterprises (FIEs) in China, including Wholly Foreign Owned Enterprises, Joint Ventures and Representative Offices (ROs), are required to comply with the statutory annual audit and other compliance processes.
What happens when a company enters the China market, fails in its initial efforts, but plans to come back later and try again? Even if the product is identical, business success in China often requires differing strategies to what was successful in the Western world.
Foreign property developers have not been perturbed by China’s economic downturn, and have continued to invest in the logistics sector, which is endorsed by the state according to Catalogue of Industries for Guiding Foreign Investment.
This article will not go through all the processes involved when hiring a foreign national in China. Rather, it will run through some of the less well-known but potentially important considerations regarding hiring foreign staff in China.
For a new enterprise looking to start business in China, cloud computing means a significant reduction in startup operation costs. However, there are many factors a business operator should consider when looking to utilize cloud services in China such as the potential security risks involved.