Mar. 30 – The new issue of China Briefing Magazine, titled The China Manager’s Handbook, is out now and immediately available as a complimentary PDF download on the Asia Briefing Bookstore.
Deciding who should fill the key roles in a foreign-invested enterprise (FIE) in China is often a source of significant hesitation. Many businessmen and women simply want to know what they’re getting themselves into before signing on any dotted lines. What responsibilities and what potential legal liabilities are they taking on?
Stories of expats having their name added to the Administration of Industry and Commerce “blacklist,” or being “trapped in China” for company legal proceedings, encourage a careful consideration of key positions in an FIE.
This issue of China Briefing Magazine aims to shed a little light on this topic.
In this issue:
- Duties and Liabilities of Key Positions in a Foreign-Invested Enterprise
- Legal Representative Liabilities
- Individual Income Tax Liabilities for Senior Management Positions
The China Manager’s Handbook is out now and immediately available as a complimentary PDF download on the Asia Briefing Bookstore throughout the month of April.
Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China, Hong Kong, India, Singapore and Vietnam. For further information on the risks and responsibilities you have as a foreign manager in China, please email firstname.lastname@example.org, visit our web site at www.dezshira.com, or download our brochure here.
Doing Business in China
Our 156-page definitive guide to the fastest growing economy in the world, providing a thorough and in-depth analysis of China, its history, key demographics and overviews of the major cities, provinces and autonomous regions highlighting business opportunities and infrastructure in place in each region. A comprehensive guide to investing in the country is also included with information on FDI trends, business establishment procedures, economic zone information, and labor and tax considerations.
Internal Control and Audit
This issue of China Briefing Magazine is devoted to understanding effective internal control systems in the Chinese context and the role of audits in detecting and preventing fraud.
Annual Compliance for FIEs
Prior to distributing and repatriating profits, foreign-invested enterprises must complete annual compliance, involving an audit, tax filing and inspection. These procedures are not only required by law, but are a good opportunity to conduct an internal financial health check. Also in this issue, we take a look at individual tax filing procedures for expatriates living and working in China.
The Foreign Corrupt Practices Act and its Impact on China Subsidiaries
This issue of China Briefing Magazine is dedicated to helping companies understand the Foreign Corrupt Practices Act and establish controls to prevent (and, if necessary) resolve FCPA noncompliance.