Whether an audit is effective or not makes a big difference in a company’s governance and development in the long run, though it is not easy to identify the audit effectiveness right after the process.Read More
China healthcare industry is currently ranked the second largest in the world behind the US. The market has grown at a consistently rapid rate in the past five years, and in 2019, the market reached RMB 7.82 trillion,Read More
Whether you are going to open your very first bank account for your Hong Kong company or you have luckily opened a few corporate accounts already, to know what it takes to maintain your bank accounts is criticalRead More
If a foreigner working in China changes his employer, he shall first cancel his existing work permit. After cancelling the original work permit, the application for a new work permit shall be completed within three months from the dateRead More
China’s tax incentives are preferential tax policies offered by its local and/or central governments to incentivize or encourage a particular economic activity or to support disadvantaged business owners or individuals. From the investor’sRead More
The government has tightened registry searches in Company Registry and Land Registry – people will have to provide their name and identity card number to use the registries’ services from November 1, 2021 “With effectRead More
Tax deferment measures for manufacturers, individual businesses, unincorporated firms. According to the executive meeting, the following taxes for the fourth quarter of this year can be deferred: 1. Corporate income tax CITRead More
Minimum wages in China continue to grow. So far, in 2021, the provinces of Heilongjiang, Hubei, Jiangsu, Jiangxi, Ningxia, Shanxi, Shaanxi, Tibet, Xinjiang, Zhejiang, Shandong, Jilin, as well as the cities of BeijingRead More
Setting up a company in China’s appealing market may be subject to varied requirements, depending much on the business entity chosen for further activities. A business bank account is a mandatory request at the company formation in China forRead More
Have you got the news that at the end of this year, the previous taxation policy of eight tax exemption subsidies for foreigners will expire? Well, you may wonder and find out any newRead More
