Renewing a work permit and residence permit has never been a short process: in the past, it required to first apply to for the issuance of a work permit (in principle, 5 working days) and afterwards apply for the renewal of the corresponding residence permit (another two week of waiting time, which the applicant will...
CorporateInternationalCultivating Opportunity: China’s New Initiatives to Welcome Foreign Investment
March 21, 20240
On February 28th, 2024, the General Office of the State Council unveiled the Circular Introducing the Action Plan for Advancing High-level Opening-up and Strengthening Efforts to Attract and Utilize Foreign Investment. This circular outlines 24 measures spanning five key areas, including: Streamlining the Negative List by reducing restricted sectors and expanding the Encouraged...
ContractSafeguarding Transactions: The Significance of Well-Drafted Commercial Contracts in China
March 6, 20240
In the fast-paced and dynamic business environment of China, the cornerstone of any successful commercial transaction lies in a meticulously crafted contract. Whether you’re engaging in a partnership agreement, sales contract, or joint venture arrangement, the importance of a well-drafted commercial contract cannot be overstated [for more info watch our video by clicking this link...
[please see our video by clicking Trademark Protection (website)] For businesses eyeing expansion into the dynamic market of China, one strategic move stands out as paramount – registering a trademark. The significance of this step cannot be overstated, and here’s why: 1. Protection Against Infringement: Unique Brand Identity: Registering a trademark in China establishes your...
CorporateLabor & EmploymentNavigating Legal Responsibilities: A Guide for Legal Representatives in China
November 5, 20230
Legal Representatives play a pivotal role in the governance and operations of companies in China. As the designated individual legally authorized to act on behalf of the company, Legal Representatives shoulder significant responsibilities and liabilities. Here’s a comprehensive guide to understanding their role [to watch our video click this link Legal Representative in China (website)]:...
Signing a labor contract in China requires strict adherence to PRC laws and regulations [for more info click this linkE-commerce English (website)]. Unlike commercial contracts, the applicable law cannot be chosen. In this brief article, we highlight some of the main aspects to consider when drafting an employment agreement. Parties: The employer must be a...
InternationalUncategorizedUnlocking Opportunities: The Thriving E-commerce Market in China
August 5, 20220
[Click E-commerce English (website) for our short video] In recent years, China has emerged as a global leader in the e-commerce industry, offering unparalleled opportunities for businesses and consumers alike. Let’s explore some key data points that highlight the scale and potential of the Chinese e-commerce market: 1. Vast Consumer Base: With a population of...
Guidelines for Investing and Establishing a Company in China Before considering investment opportunities in China, it’s crucial to consult the “Negative List,” a document periodically issued by PRC authorities. This list outlines fields that are restricted or forbidden to foreign investors. Any field not explicitly listed therein is freely available for investment. According to the...
CorporateInvesting in China – Overview
February 20, 20210
Introduction to Investment in PRC Investment Fields Before entering the Chinese market, it is crucial to verify whether the field in which you wish to conduct business activities is open to foreign investments. Until recently, the Chinese National Development and Reform Commission (“NDRC”), together with the Chinese Ministry of Commerce (“MofCom”), periodically published the “Catalogue...
TaxationTax Benefits on Assets
September 8, 20200
Recent Circular Allows Reduction in Asset Amortization Period for Certain Industries A recent circular from the PRC Ministry of Finance and the PRC State Administration of Taxation introduces, retroactively from January 1st, 2015, the possibility (at the taxpayer’s own discretion) for companies operating in the fields of light industry, textiles, machinery, or automobiles to reduce...
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