2023 Sino Benelux Business Survey
Taking stock of Business in China over the past year has been a challenge for most businesses. We need not mention the impact of the restrictions and lockdowns felt across multiple sectors, which had a ripple effect on the global economy. With the zero-Covid policy coming to an end in China, businesses have an optimistic […]
Encouraged Industries for Foreign Investment China
China is maximizing its efforts to accelerate the opening of its economy by enabling more opportunities for foreign companies to invest. In 2019, authorities released the Catalogue of Industries for Encouraged Foreign Investment, which consists of more than 1,400 items which detail the types of investments and industries that can benefit from the country’s improved […]
What to Expect From China in 2023
Globally 2022 has been a difficult economic period to navigate with so many headwinds prevailing. China had additional restrictions to manage with the implementation of its zero-Covid policies. Businesses became even more risk averse, most opting for a cash conservation approach to preserve much needed liquidity. Covid policies impacted staff, supply chains, logistics, manufacturing, productivity and […]
Imports and Exports in China
Total imports in China contributed approximately 15.2% to overall GDP in 2021, with even greater export contributions, amounting to roughly 676.7 billion U.S. dollars. As the world’s largest trader of goods, China has experienced a steady development of its imports throughout the decade following 2013, when it overcame the United States in total trade volume. […]
Are Companies Leaving China in 2022?
China has remained firm on its practice of a Zero-COVID strategy that allowed the nation to quickly curb infection rates during the initial outbreak of 2020. The rapid and tight lockdown measures as well as the restrictive travel requirements allowed the country’s economy to quickly recover and sustain its growth trajectory. Despite past effectiveness, the […]
Tax Evasion China
With the Chinese government increasing their efforts on the monitoring of tax evasion, it has become even more important for companies and individuals to ensure they remain compliant with tax laws in China. Learn more about tax evasion, the consequences of it and how to avoid tax evasion in China.
10 Steps to Setup Company in China
Foreign companies that wish to do business in China, can set up a foreign invested company to enter the Chinese market. The establishment of a Foreign Invested Entity in China is subject to various laws, regulations and governmental authorities. Therefore, to provide a good understanding of all steps that are required to set up a fully operational entity in China, we provide a 10-step overview below on the corporate establishment procedures.
China’s Negative List for Foreign Investment in China
China’s Negative List for foreign investment provides guidance and governs industry sectors in which foreign investment is prohibited or restricted. In July 2020, the Negative List was updated and the measures limiting foreign investment into China were reduced for the fourth consecutive year in a row, with the Chinese government citing its long-term commitment to reform and opening of its economy as well as the impact of COVID-19.
China’s New Foreign Investment Law
The Foreign Investment Law is an effort to further reform the Chinese economy and aims to promote foreign investment by fostering fair competition, improve protection of lawful rights and interests of foreign investors and taking measures against forced technology transfers and trade secrets sharing.
How to re-invest profits made by your company back into China? Deferral policy for dividends tax (WHT) in China
The new deferral policy for dividends tax (WHT) in China extended the scope of industries in which you can re-invest profits made by your company in China. According to the new legislation, dividends which are used to re-invest back into China can either enjoy a 0% or 5% preferential withholding tax rate.
