Buying a car for a company in China
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...
Bonded and Free Trade Zones in China
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...
VAT refund on export from China
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...
Approval of the activities of a company with foreign workers
Recently, the requirements for companies hiring foreign employees have grown fairly strict. This is due to a number of factors – from the founding of a company by almost everyone striving to stay in China and attempts to obtain visas for themselves, to the periodic cleansin...
Registered capital of a company and its contribution in China
The concept of registered capital is extremely broad and multifaceted. In simple terms, these are the assets that the founders are willing to invest to create a company and with which the company will bear liability. These are not even always real assets – in the article...
Manual payment of contributions to the Social Security Fund
Most often, contributions to the social security fund are paid automatically, by a one-time debiting. We talked about how to set it up in the article “Official employment of a foreigner in China”. But sometimes it turns out that automatic debiting does not work. Th...
