Author Archives: China Briefing

A Step by Step Guide to Remitting Dividends Overseas

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Repatriating dividendsBy Xu Zhijun

A key aspect of doing business in China is sending dividends to the overseas parent company. However, due to the capital controls China has in place, companies must go through several procedures before being able to send the funds abroad.

Step 1: Annual audit

Every year, companies in China must undergo the annual audit, during which companies must submit a number of documents and reports to various government agencies to show compliance. The precise documentation required varies per city. Companies need to be audited by an external accounting firm, which approves the company’s financial reports. A company may not issue a dividend before having passed the annual audit

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China’s New NGO Legislation: A Blessing or Curse for Foreign NGOs?

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201506-illustrationBy Elizabeth Leclaire

Governments across the globe have consistently acknowledged the benefits of non-governmental organizations (NGOs) in combating environmental and social crises, and China’s leaders have recently pushed for an increase in foreign NGOs throughout the nation.

China’s National People’s Congress (NPC) has released the second draft of the Law on the Administration of Overseas Non-Government Organizations, which will allow for foreign NGOs to establish an office (referred to as a “mainland office”) in China. The NPC is expected to readdress the draft in the near future, as the period to submit public comments or concerns regarding the draft’s current state closed on June 5thContinue reading…

Employer Branding in China: Attracting Chinese Employees

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CB-CoverBy Elizabeth Leclaire

Hiring competent and qualified staff is an integral step in the establishment of any company, and this is particularly true for foreign enterprises. For companies planning to operate within China, employing Chinese nationals can be particularly useful in overcoming linguistic, legal, and cultural barriers.

Competition for Chinese labor has heightened since the implementation of China’s One Child Policy in 1978. China’s aging population has not been complemented by an equally large rising working class, and this trend has created a shortage of available Chinese workers in the recent years. According to Stephen Orlins, the President of National Committee on US-China relations, China’s 18 to 30 age demographic has reached its peak, and with the decreasing birthrate, China’s supply of workers will continue to dwindle. Continue reading…

China Regulatory Brief: Foreign Companies Allowed to Manufacture and Sell Video Game Consoles in China

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Foreign Companies Allowed to Manufacture and Sell Video Game Consoles in China

China has officially lifted its 14-year-old ban on video game consoles. On July 21, the Ministry of Culture released an announcement stating that foreign companies are now allowed to engage in the manufacturing and selling of video game consoles in China. Based on the announcement, foreign companies must apply to the local cultural department for the approval to manufacture and sell video game consoles in China – a process stipulated to take 20 days. The Chinese government has lifted the ban as a pilot program in the Shanghai Free Trade Zone (FTZ) last year and has now expanded the policy nationwide. The lifting of the ban is expected to alter China’s lucrative video gaming market, which is currently dominated by PC and mobile games. 

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Using Virtual Offices to Save Operational Costs in China

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By: Servcorp

With the rising cost of office space in China, many foreign companies are finding it increasingly challenging to find office premises that are affordable and that make a positive impression upon their clients and partners. In response to this challenge, an increasing number of businesses are opting for virtual offices.

A virtual office is an office solution which allows companies to establish a presence in a city — without a dedicated office space. A typical virtual office package includes a local telephone number with receptionist service, a mailing address and access to meeting facilities and boardrooms.

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Opening up a Restaurant/Café in China

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Opening up a Restaurant Café in ChinaBy Kimberly Wright

Many expats in China at one point or another have dreamed about opening up their own restaurant, café, or other sort of food and beverage operation. Away from home too long, perhaps, their sensitive palates will start to miss the tastes of home, inspiring them to invest in China’s food service market. The largest in the world, China’s food service market offers many exciting opportunities for foodies and savvy business people alike, but foreigners can be daunted by the often bureaucratic process of establishing a business in China. In this article, we provide a step-by-step guide to the process involved. Continue reading…

Visa & Tax Implications for Same Sex Marriage Partners in China

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Work Visa and Tax Implications of Same Sex Marriage in ChinaOp/Ed by Chris Devonshire-Ellis

An important aspect of the recent U.S. Supreme Court ruling concerning same-sex marriage is the financial burden that non-recognizance places upon a couple. While traditional married couples have long been able to claim tax relief – also the case in China – such financial benefits have been denied same sex couples. The ruling therefore creates tax equality for all couples who have undergone a legal partnership.

The issue has some relevance to expatriates in China. Although the country neither recognizes same-sex marriage or civil unions, it can impact upon same-sex couples who wish to be together when one partner is working in China. Under these circumstances, currently only Beijing Municipality and Hong Kong will grant “spousal visas” to gay couples. This document, called “dependent resident status” in China, permits couples to live together. However, it also only permits one partner to work.

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China Vamps Up Hangzhou’s E-Commerce Model

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China E-commerceBy Kimberly Wright

On June 29, 2015 the Chinese government formally released its proposal for the implementation of its integrated cross-border e-commerce experimental zones. The proposal situates Hangzhou as the focal point of e-commerce business in China and seeks to spread Hangzhou’s model for e-commerce to six other areas in Zhejiang: Ningbo, Wenzhou, Jiaxing, Huzhou, Jinhua, and Yiwu. By introducing subsidies and preferential policies for enterprises involved in e-commerce, the government hopes to facilitate cross-border e-commerce business and boost import and export business in China. Continue reading…

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