Hong Kong continues to be a difficult place for foreign investors to open and maintain a bank account without adequate preparation. Foreign investors should take time to understand the banking procedures and documents required in order to be successful.
For whatever reason, investors in China may be faced with the decision to cease their company’s operations. In this article, we look at WFOE deregistration in China.
On July 6, China announced a campaign to inspect local governments and departments, signaling the central government’s resolve to implement core policies.
Foreign investors sometimes reach a point where their representative office is no longer suitable for facilitating their business in China. In such cases, foreign investors must formally close down their representative office.
China is opening more industries to foreign direct investment, with the release of a new Negative List and associated measures to remove restrictions on foreign investors.
China’s State Council released a circular on May 23 directing local governments to introduce 27 reforms piloted in its 11 free trade zones nationwide.
China will simplify establishment procedures for foreign-invested enterprises in a bid to spur foreign investment, Premier Li Keqiang announced following a State Council meeting on May 16.
New entrants to China need to choose their corporate structure carefully. Investors that select the wrong structure invite unnecessary business constraints, costs, and regulatory scrutiny.