China 2025 Action Plan for Stabilizing Foreign
Foreign investment is crucial for promoting high-level opening-up. It plays an important role in fostering new quality productive forces
CRS Global Tax Transparency : Key Information You
With the push of economic globalization, cross-border financial activities are becoming increasingly frequent. Whether businesses are expanding overseas or
Singapore Goods Import/Export Process, Taxes, and
As one of Asia’s most resilient economies, Singapore maintains a stable and positive growth trend. In 2024, Singapore’s total
Singapore: Business Upgrades with Salary Subsidies
In recent years, the Singapore government has continuously increased support for businesses and employee skills development, especially through the
Hong Kong’s Patent Box Regime and Effects
Background On July 5, 2024, the Hong Kong SAR Government gazetted the Inland Revenue (Amendment) (Tax Concessions for Intellectual
The Highlights of 2022 Lin-gang FTZ Innovation
Lin-gang Special Area At the beginning of New Year 2022, as the business investment agency, Elite Stage was invited
Negative List for Market Access to Be Further
Negative List China will continue to shorten the negative list for market access this year, as part of the
China Lowers Tariffs on 954 Products from January
the Customs Tariff Commission of the State Council (‘the commission’) will adjust import and export tariffs on selected goods in 2022
Trading Companies, Check out the Export Tax Refund
To encourage exports, the Chinese government formulated and implemented a series of policies of which the export tax rebate is one
How to Prepare for an Effective Annual Audit in
Whether an audit is effective or not makes a big difference in a company’s governance and development in the long run,
China’s Medical Devices: Industry Key Market Entry
China healthcare industry is currently ranked the second largest in the world behind the US. The market has grown at a consistently
5 Things to Avoid HK Company Bank Account Frozen
Whether you are going to open your very first bank account for your Hong Kong company or you have luckily opened
How to Do With Work Permit if Changing the Job in
If a foreigner working in China changes his employer, he shall first cancel his existing work permit. After cancelling the original
China’s Tax Incentives: An Overview of Key
China’s tax incentives are preferential tax policies offered by its local and/or central governments to incentivize or encourage a
Attention! Hong Kong Has Tigntened the Registry
The government has tightened registry searches in Company Registry and Land Registry – people will have to provide their name
China’s New Tax Deferment Measures and
Tax deferment measures for manufacturers, individual businesses, unincorporated firms. According to the executive meeting, the following taxes for
The Analysis of Minimum Wages in China in 2021
Minimum wages in China continue to grow. So far, in 2021, the provinces of Heilongjiang, Hubei, Jiangsu, Jiangxi, Ningxia,
How to Open a Bank Account for Foreign Companies
Setting up a company in China’s appealing market may be subject to varied requirements, depending much on the business entity chosen
Income Tax Rate of These 3 Places in Mainland is
Have you got the news that at the end of this year, the previous taxation policy of eight tax
By Early 2022, Borders Might Open If Vaccination
China may open its borders after it vaccinates over 85 percent of its population by early 2022, said Gao Fu,
Social Insurance Exemptions for Expats in China
According to the requirement of The Ministry of Human Resources and Social Security，foreign employees are required to participate
Mutual Visa Exemption: People Can Enter China
The official website of the National Immigration Administration replied that those who are currently covered by the mutual visa exemption can
Family Members Can Apply PU Letter Based in
Recently, the Chinese Government implemented heightened application requirements for non-Chinese nationals seeking to obtain Official Invitation (“PU”) Letters sponsored
Long Term Working in China, How to Deal With
Hi, guys In the previous topic on personal income tax in China, we discussed Kevin’s case as the example
How to Do Authentication Abroad for Business Use
With the development of global economy, China becomes one of the most popular place of foreign investments. When overseas
Officially Released: The 2021 Shanghai Foreign
The 2021 Shanghai Foreign Investment Guide (hereinafter referred to as the 2021 Investment Guide), which is compiled by
New Signal: Shanghai May Adopt Green Card Benefits
Have you heard that in the future, Shanghai Pudong District will implement the recommendation mechanism of Foreigner’s Permanent
Green Card Trend: Tips for Reunion of Husband and
Affected by the global epidemic, China’s entry and exit management has become more stringent. Many foreigners have been
Hong Kong & Shanghai– Expand
Several memorandums, an agreement and a letter of intent are inked between Hong Kong and Shanghai during the
Tax-Exempt Fringe Benefits for Expats to Expire
Starting next year, foreigners working in China may no longer be entitled to some tax-free fringe benefits (for
Pudong New Area Issued Fresh Guidelines for
The Pudong New Area in eastern Shanghai recently issued a new set of guidelines widely seen as a blueprint
More Taxpayers to Benefit from Uncredited VAT
On April 28, 2021, China’s Ministry of Finance (MOF) and State Taxation Administration (STA) released the Announcement on Clarifying
How to Comply with Hong Kong Accounting Standards？
As a Hong Kong business entity, your company must prepare audited financial statements on an annual basis. Please make
Comfirmed！The Passport Application&Renewals
Affected by the Covid-19 pandemic with more dangerous Delta variant virus, China has stopped issuing and renewing passports
China’s E-Fapiao System at a Glance
Over the last few months, China has been quickly expanding the pilot program on electronic special value-added tax
Speech Sharing: Tax Issues after Foreigners
At the beginning of June, Elitestage invited tax expert Eve Yu to share a speech on the personal income tax
With This Tool, 3 Minutes Nail the Company Names?!
With the continuous development of the economy, more and more foreigners want to start their own business in China. It’s also
How to Set Up an Offshore Company for 2021: 4
Due to the epidemic, many clients are faced with a problem that they cannot choose which place is more suitable for them to set up an
Applying for Chinese Visa, Is the PU Letter Still
During the epidemic period, China’s temporary visa policy is updated from time to time. Is the PU letter still the key point
Must Know This Place If You’re an Overseas
No matter you’re a foreign student, or graduated student, if you live in China, then there is one place you must know– Shanghai Lingang FTZ. Lingang FTZ is trying to built itself into a talent hub by releasing preferential supporting policies for international talents. Some of these
Take You Know the Advantages of the General
VAT payers in China are separated into two different categories – general taxpayers and the small-scale taxpayers – and the
No More Doubts! Q&A about Small-scale
As stipulated, VAT taxpayers in China are categorized into general taxpayers and small-scale taxpayers based on the level of financial accounting and scale
SH Lingang New Area: Next Foreign Talents
With no doubt, Shanghai is one of the most attractive international cities for foreign expats to work and live
How to Get Hong Kong Offshore Profit Tax Exemption?
Hong Kong provides tax advantages such as a simple tax regime, an opportunity to gain tax-free profits, and low
Cancellation of a Company, the Sooner the Better
Company cancellation is actually a very common step in business operations, but people who have experienced it know
How to apply for China Visa?
Planning to visit China, but don’t know how to apply for a China visa? We’re breaking it down for you
Special Policies of Shanghai Lingang for Foreign
In order to realize the purpose of convenient operation with overseas investment, free entry and exit of goods, the
Lower Corporate Tax Rate in Lingang New Area of
Shanghai Municipal Finance Bureau released the Circular about Corporate Income Tax Policies for Key Industries at Lingang New Area of
Importing Face Masks from China: Supplier,
At present, Covid-19 virus has become the most serious issue worldwide. Countires have been confronted with the rapid growth
Question Summary on Automatical 2 months Visa
Recently, many expats have come to Elite Stage inquiring about visa or work permit expiration or renewal issues, some
9 Basic Facts Need to Know Before You Register a
Hong Kong Company Incorporation Today, many investors and entrepreneurs are choosing to set up their businesses overseas, especially in
Tax and fee cuts boost GDP growth
Abstract China cut more than 2 trillion yuan ($286.89 billion) in tax and fee cuts over 2019, accounting for
In Which Condition should Foreigners File With
We are delighted that the New Coronavirus outbreak is now effectively under control, many enterprises are returning to the
Business Opportunities for German Investors in
Germany and China established diplomatic relations almost 50 years ago and, since then, have become partners, both economically and
Q&A about Company Registration for Most
When dealing with international clients we often get questions about the term ‘legal person’and ‘supervisor’ and other key roles.