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Tax Incentive Policy for Overseas Talents in GBA

June 24, 2019

On the 22nd of June 2019, the financial and tax authority of Guangdong province announced the Implementing Notice (Guangdong cai shui # 3 2019) of the IIT incentive policy in the Greater Bay Area. According to the Notice, for overseas high-end talents and talents in demand who work in the…

What are the Rights of Employee in China?

employment law

June 23, 2019

According to the Labor Contract Law of the People’s Republic of China, employee’s rights including the following items: Liberty to terminate the contract 1. General situations Employees may terminate the labor contract if they give 30 days written notice. During the probation period, employees may terminate the labor contract if…

More about Registered Capital

Basic China law, China business basic, company law

June 10, 2019

As we mentioned in previous articles：What Does Registered Capital Mean? the law does not specify a time limit for capital injection, and no longer requires submitting a financial report after the capital injection. However, it is not always better to declare more registered capital when submitting the company incorporation application…

What Does Registered Capital Mean?

Basic China law, China business basic

June 1, 2019

In our previous blog, we explained “legal representative” of a company in China, now let’s explain the concept of “ registered capital” and related legal provisions. According to Company Law of PRC, registered capital is the fund all the shareholders contribute or promise to contribute to the company as they…

Reporting Loss of Passport

general

May 30, 2019

If your passport is lost or stolen, the first thing you have to do is to report it to the closet police station where the loss or theft happened as soon as possible. you shall complete the following procedures: Step 1: Obtain a “Receipt of Report” from the police station.…

Application for Residence Permit for Work

employment law, general

May 27, 2019

Foreigner who enter China with Z Visa and come to work in China shall apply for work-type of residence permit within thirty (30) days from the date of their entry. When applying for a residence permit for work the applicant is obliged to answer relevant inquiries and submit the following…

General Taxpayer or Small Scale Taxpayer?

China business basic, tax

May 12, 2019

All companies in China have to pay value-added tax ( “VAT” ) based on their taxable revenue. According to related taxation laws of China, VAT taxpayers are categorized into general taxpayers and small-scale taxpayers based on their annual taxable sales. Taxpayers with annual revenue exceeding the ceiling set for small…

What is a Legal Representative?

China business basic, company law

May 9, 2019

For foreigners considering starting a company in China, they will find that they are encountering some confusing concepts they have never dealt with before, such as registered capital, legal representative, and business scope. In the following weeks, we are going to explain them one by one. Today, let’s talk about…

How to Apply for S Visa for My Family?

general

May 7, 2019

What’s S1 visa or S2 visa? 1. S1 visa is issued to those who intend to go to China to visit the foreigners working or studying in China to whom they are spouses, parents, sons or daughters under the age of 18 or parents-in-law, or to those who intend to…

Who Pays Attorney Fees–Updated News

Basic China law, litigation, News

May 4, 2019

In our previous blog: Attorney Fees-Who Is Supposed to Pay? we mentioned that it’s very important so specify in the contract that the losing party is going to pay for the attorney fee. But sometimes, the dispute just happen without any agreement. Then what can we do? Maybe things are going…