China ESG: All You Need to Know
Environmental, social, and governance (ESG) initiatives have become vital benchmarks for investment and corporate performance worldwide, with China making significant strides to align its ESG reporting with global practices. As the second-largest economy with a rapidly expanding market, China’s approach to ESG reporting bears considerable weight on its domestic economic landscape and international investment flows. […]
Transfer Pricing in China: 5 Things All Foreign Companies Doing Business in China Should Know
Though in the past transfer pricing was mostly a topic of concern for larger multinationals, as a result of these global developments transfer pricing has also become a topic of increasing interest for small and medium sized enterprises. In practice, however, many SMEs still lack the knowledge and understanding of transfer pricing, and as of our experience we learned that not many companies have sufficient knowledge about this, particularly in a China setting. To help increase the understanding of transfer pricing in China, we have compiled a list of 5 things all foreign companies at least should know about transfer pricing:
Set up a Representative Office in China
Navigating the complexities of doing business in China can be challenging, especially when deciding on the optimal market entry vehicle. This decision holds significant weight for foreign businesses seeking entry into the Chinese market. One of the primary investment vehicles employed by foreign businesses for entering China is the representative office. While not formally acknowledged […]
Considerations for Businesses in China in 2024
China’s economy has been a cause of significant speculation throughout the latter half of 2023, marked by a decline in FDI but still able to achieve a strong 5.2% GDP growth. Experts seem uncertain whether it is a good time to invest in China or not, however the prevailing narrative may not entirely reflect what […]
Tax Filing Deadlines in China for 2024
The State Taxation Administration made an announcement on the 21st of December 2023, regarding the tax filing and payment deadlines for companies in 2024. In order to remain compliant, companies must ensure that the filings are made correctly and on time, especially to avoid any penalties that may arise. General information on tax filing in […]
Doing Business in Hangzhou
Found at the heart of China, Hangzhou stands out as a hub for technology and digital infrastructure. With its affluent population and strategic location on the Grand Canal of China, Hangzhou has long been considered an excellent opportunity for foreign investors seeking to harness the growth of a Chinese domestic economy. Recent contributions to Hangzhou’s […]
China Top Industries
In recent decades, China’s economic ascent has solidified its status as a major global economic power. As the world’s second-largest economy, China has been widely recognized for its manufacturing capabilities and its significant role in global trade. Over time, China’s economic landscape has undergone a notable shift from an investment driven growth model to one […]
China New Visa Policy
On November 24, 2023, the Ministry of Foreign Affairs announced a trial initiative to facilitate increased travel in China by extending unilateral visa-free entry from December 1, 2023, to November 30, 2024 (view official source). This policy is effective for citizens holding ordinary passports from France, Germany, Italy, the Netherlands, Spain, and Malaysia. On March […]
China’s Biggest Companies
In recent decades, China’s economic growth has transcended national boundaries, leaving a lasting imprint on the global stage. The substantial expansion of major Chinese corporations has played a pivotal role in reshaping the worldwide economic landscape, positioning China as a significant player across various industries. Their increasing influence is evident through key contributions to international […]
China’s Digital Economy
In addition to its robust physical economy, China’s digital landscape and its prominence as a digital economy are experiencing exponential growth, positioning the nation as a formidable force in the global market. With an increasingly highly educated and highly motivated workforce, China is assuming a leading role in the digital landscape. With their ascendancy underpinned […]
