If your product is only in the B2C segment and it is not subject to special regulation (such as jewelry, pharmaceuticals, etc.), you can already sell it on Chinese marketplaces by yourself. The only requirement is that your product must be a registered trademark and already...

This article provides an overview of the methods available for Chinese legal entities to accept payments from foreign counterparties (both individuals and companies) in 2024. Bank Account Of course, the first and primary method of payments is a straightforward bank transfer...

This article focuses exclusively on purchasing a car—of course, a new car—for a legal entity in China. It is totally different from the cases when a car is bought by an individual or when a used car is acquired. The first thing to consider is the city where your co...

Whenever it comes to international economic activity, one of the key issues is dealing with VAT and other taxes and customs duties in all possible variations. In particular, the requirements for the payment of VAT or duties might become the very stumbling block that would make th...

When exporting any product, there are two options for dealing with VAT. Option 1 – the seller is the same as the exporter. In this case, the seller must receive payment for the goods directly from the foreign buyer (either from a foreign bank account or from an NRA accou...

The next step after registering a legal entity is to open a bank account. Since there are a lot of types of accounts for a legal entity, some of which are regular, some are hidden, and some are extremely specific, this is exactly what I would like to discuss in this article. T...