Establishing & Operating a Business in China 2016, out now and available for download in the Asia Briefing Bookstore, explores the establishment procedures and related considerations of the Representative Office (RO), and two types of Limited Liability Companies: the Wholly Foreign-owned Enterprise (WFOE) and the Sino-foreign Joint Venture (JV). Produced by China Briefing in collaboration with Dezan Shira & Associates, the guide also includes issues specific to Hong Kong and Singapore holding companies, and details how foreign investors can close a foreign-invested enterprise smoothly in China.
One of the first choices a foreign investor coming to China faces is what type of entity to set up– or indeed, whether to set one up at all. Foreign investment into China can be made via one of several types of foreign-invested entities (FIEs). Choosing the appropriate investment structure for your business depends on a number of factors, including its planned activities, industry, and investment size.
RELATED: Business Advisory Services from Dezan Shira & Associates
Establishing & Operating a Business in China 2016 covers the following:
- Pre-investment Considerations
- Set-up Procedures
- Operational Considerations
- Changes to a Business and Closure
Within these topics, we discuss the features of a Chinese business license, establishing a company in the Free Trade Zones, offshore holding companies, and issues specific to Sino-foreign joint ventures. We also cover the procedure of opening a bank account in China, intellectual property considerations and key positions in a foreign-invested entity. Finally, we walk investors through the complicated audit procedures during the closing down of a foreign business in China.
About Dezan Shira & Associates
Dezan Shira & Associates was formed in 1992 and has been operational in China now for nearly 25 years. The unusual name of the practice arises from a letter received via post from a Chinese Government department in 1991 by Chris Devonshire-Ellis, the Founding Partner, where his name was incorrectly spelt. Today, the practice maintains some twelve offices throughout China, employing 250 professional staff.
The firm is also operational throughout Asia, with several offices across ASEAN, including Indonesia, Malaysia, Philippines, Thailand & Vietnam, in addition to offices in India and a liaison office in Boston. This provides a total Asia footprint of 28 offices and 800 professional staff. Chris is now Chairman and remains the Legally Responsible Person in China. The firm’s Managing Partner is Alberto Vettoretti, who is also Chair of the European Chamber of Commerce in South China. Sabrina Zhang is responsible for China tax and investment and is based in Beijing, while Adam Livermore is responsible for the firm’s IT services and products.
Dezan Shira’s clients are almost exclusively drawn from foreign investors in Asia, with about 50 percent from North America, 35 percent from Europe and the remainder from other countries worldwide. The firm’s total client base amounts to some 7,500 businesses, mainly larger private companies, smaller listed entities and non-listed subsidiaries of MNCs.
The firm’s recently released and highly praised “Doing Business in Hong Kong 2016” can be accessed here, as can the report on Transfer Pricing in China.
To contact Dezan Shira & Associates, please email email@example.com or visit the practice’s website at www.dezshira.com.
Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email firstname.lastname@example.org or visit www.dezshira.com.
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Selling, Sourcing and E-Commerce in China 2016 (First Edition)
This guide, produced in collaboration with the experts at Dezan Shira & Associates, provides a comprehensive analysis of all these aspects of commerce in China. It discusses how foreign companies can best go about sourcing products from China; how foreign retailers can set up operations on the ground to sell directly to the country’s massive consumer class; and finally details how foreign enterprises can access China’s lucrative yet ostensibly complex e-commerce market.
Tax, Accounting, and Audit in China 2016
This edition of Tax, Accounting, and Audit in China, updated for 2016, offers a comprehensive overview of the major taxes that foreign investors are likely to encounter when establishing or operating a business in China, as well as other tax-relevant obligations. This concise, detailed, yet pragmatic guide is ideal for CFOs, compliance officers and heads of accounting who must navigate the complex tax and accounting landscape in China in order to effectively manage and strategically plan their China-based operations.
A Guide to China’s Free Trade Zones
In this issue of China Briefing magazine, we examine China’s four Free Trade Zones and discuss the differences and strongpoints that exist in each of them. We begin by providing an introduction to the FTZs, and then take an in-depth look at the market access conditions, registration procedures and tax environments of each. Finally, we highlight some of the key considerations that foreign companies should be aware of when choosing an FTZ to invest in.