Category Archive Blog Entry

7 benefits from opening up a company in Hong Kong

February 19, 2018 Comments Off on 7 benefits from opening up a company in Hong Kong By The Incorp China Team

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Photo courtesy of: pixabay.com

Besides being a prestigious business address, Hong Kong has a variety of benefits to offer for those who are looking to or already own a company in China. Ranging from financial over legislative to cultural reasons. Below are your top 7 benefits from opening up a company in Hong Kong together with a WOFE in Mainland China.



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How to save money and time through effective negotiations.

February 16, 2018 Comments Off on How to save money and time through effective negotiations. By The Incorp China Team

China, Shenzhen, WOFE, business, bank, money

Without any discussion, money and time are the most valued resource for business. For western companies, traveling to china can be an investment due to the utilization of this two resources. Think about the costs of traveling, lodge, transportation, and the time spent on meetings or any process like registration and permits application. This case is about how one of our clients has saved through our effective negotiations.

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China’s 3-in-1 license

January 11, 2018 Comments Off on China’s 3-in-1 license By The Incorp China Team

Shenzhen, change, China, region, province, legislation, work, affect, business, license, adapt, complicated, careful, operating, three, one, government, Party, certificate, business model, help, useful, information, detail, fapiao, law, change, new

What is the 3-in-1 license?

The 3-in-1 license is a new format of the business license currently in existence. By the end of the calendar year 2017, all original business licenses must be updated in order for the company to be able to continue operating. The updated business license will merge three company certificates – the firms’s business license, tax certificate and organization code – that had to be issued separately so far. As a result, your company will officially run under a single social credit code.

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The New Fapiao Legislation Explained

July 5, 2017 Comments Off on The New Fapiao Legislation Explained By The Incorp China Team

Effective 1st July 2017, the State Administration of Taxation extended its requirements for fapiao issuance. All companies need to add their taxpayer identification number on all issued VAT tax invoices (fapiaos) in addition to the original information. The notice was given under the Taxation Notice No. 16 of 2017.. 16 of 2017.

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How Important Is To Have Local Representatives In China?

June 27, 2017 Comments Off on How Important Is To Have Local Representatives In China? By The Incorp China Team

China, money, Yuan, Renminbi, bank, currency, economics, market, growth, legislation, law, change of law, change of legislation, security, opening up business, WOFE, FICE

While every business needs to keep a tight grip on their expenses, some investments do truly pay off. One of such investments is hiring a local company in China to represent your business here. Why? Because Chinese bureaucracy and law is of complicated and ever-changing nature. Even more importantly, here, nobody stands a chance doing paperwork over the phone. Doing business face-to-face remains the most effective and respectful after all.

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In China, Guanxi Can Open Many Doors – And Borders

June 26, 2017 Comments Off on In China, Guanxi Can Open Many Doors – And Borders By The Incorp China Team

Some life lessons are best conveyed through a story. This one is about never underestimating what power an extensive guanxi holds in China.

 

Guanxi is the mandarin term for the network, the connection people form privately and in business relation to one another over a long period of time. Other than in Western cultures, China doesn’t differentiate between personal and professional relationships. Upholding one’s ‘face’, one’s reputation, making new connections and maintaining them becomes an omnipresent necessity.

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