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...

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...

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...

Despite the fact that offline payments are being increasingly crowded out by online ones in China year on year, direct purchases at the checkout cannot be fully neglected yet. In this article, we will consider ways to accept direct payments from customers at the offline checkout....

The situation when a person is sent to China to perform a certain activity, but at the same time does not officially get employed in a Chinese company, is common. As an example – a constantly posted employee who checks the quality of the goods supplied by the Chinese side....

Even though the words “China” and “offshore” seldom pop up in the same sentence, offshore accounts in China exist, are available for use and are not too difficult to open. In this article, I offer the explanation of the entire procedure for opening an offs...