Tag Archive Mandarin

Why You Need a Flexible Support System in China

August 15, 2017 Comments Off on Why You Need a Flexible Support System in China By The Incorp China Team
support, airport, China, WOFE, open a business in China, china business support, china business consulting

The problem

We always look to  provide the best support to our clients, but due its size, China can be an overwhelming country , so we understand when our clients are hindered to come directly to our office in Shenzhen. Just recently, one of our clients, a paper products manufacturer, was looking into moving part of his manufacturing process to the South West region of China. Since the team of three was on a strict time schedule they were not able to come to Shenzhen personally in order to meet with Incorp China’s team to discuss the bureaucracy behind such a move.

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Opening Up a Bank Account Under Tightened Restrictions – What You Need to Know

July 21, 2017 Comments Off on Opening Up a Bank Account Under Tightened Restrictions – What You Need to Know By The Incorp China Team
Opening Up a Bank Account in China, credit card, Opening Up a Bank Account Under Tightened Restrictions - What You Need to Know

Why opening a bank account in China is more difficult today

It is no secret that the recent crackdown on money laundering has left foreigners struggling to open a bank account in China. As a result, it has become even more beneficial for foreigners, seeking to move or extend their business to China, to consult an agent on the ground. The reason why there are so many China consultancies on the market is because it’ is quite challenging as well as time and labor intensive to get a company approved. Only a few of these China consultants are as committed as Incorp China, connecting with the government bureaus and banks, forming friendships, and therefore getting our clients the service they deserve.

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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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