Why Is a Business License so Important in China?

Each time, when my clients complain to me about their disputes with Chinese entities, I will ask them: “Could you show me the copy of their business license?” This is because I know that few of them can tell their counterparty’s Chinese name. Unfortunately, less than half of the clients…

Tax Deduction for IIT-More Details

News, tax
In our previous post about IIT, we mentioned there is six items of special additional tax deductions which could be deducted from the taxpayer’s income, that is: children’s education, continuing education, medical treatment for serious diseases, housing loan interest, house rent, and support for the elderly.  Now let’s see more…

WFOE Formation in China—Simplified Now

WFOE formation in China
As we mentioned in our previous blog: Wholly Foreign Owned Entity- WFOE formation in China is more simpler, easier and faster now. The following aspects have changed. 1 ) No more minimum registered capital requirement. Actually, there has been no minimum registered capital requirement for company formation since 2014,as the…

Tax in china – Reduction in 2019!

News, tax
tax reduction in 2019
To encourage the development of small and micro-profit enterprises, the Business Tax in China is also undergoing positive reforms. In this regard this year china has decided to roll out a new batch of tax-reduction policies. Related to this, a statement was released after the State Council executive meeting on…

Two Ways of Trademark Registration in China

IPR, Trademark
1. Trademark registration, international way vs national way For overseas applicant, there are two ways to do trademark registration in China. China is a party to World Intellectual Property Organization (WIPO). So companies can submit trademark application to the WIPO International Bureau through the office of origin. This application will…

IIT in China, Rumors and Solutions…

company law, tax
It’s 2019 now.  Discussion over the new IIT law is still ongoing and all kinds of rumors could be heard. One rumor says that “banks will report any expat account with a balance over 5000RMB”. It’s really absurd, in my opinion. Obviously, the source mixed the updated IIT threshold (5000RMB)…

Trademark Registration in China – Procedure

Trademark
Trademark registration in China
As discussed in our previous blog, it is best to apply a first-to-file approach for trademark registration in China.  In this post, we are going to share the procedure for trademark registration in China. After reading this article you will know for sure what to pay attention to. 1.  Find…

Individual Income Tax in China – How to Pay in 2019?

News, tax
How to pay your tax?
As of January 1, 2019, a new system of individual income tax in China is going to be formally implemented.  As expats working or doing business in China, what should you know about the new law? 1. Who should pay and what income will be included? 1) Expats have resided…

Protect Your Trademark Better— Register the Copyright!

IPR, Trademark
Protect your trademark
I assume we don’t have to emphasize how important it is to register  and protect your trademark.  Although we recommend our client to register their trademark as extensively as possible but not all companies would choose to register it in all categories, considering the high cost associated with register and…

IPR Infringement in China – Five Ways to Stop It

IPR, Trademark
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5 ways to stop IPR infringement in China
While there are still challenges regarding intellectual property protection system in China, with the recent law reforms it has markedly improved making it easier to stop IPR infringement in China, particularly in first tier cities and surrounding areas. Now there are a number of ways you can take for IPR…