FESCO Services in China
A FESCO (Foreign Enterprise Service Company) in China provides comprehensive employment solutions for foreign companies, including market entry, HR outsourcing, payroll services, and employment outsourcing. FESCOs offer flexibility and scalability in managing workforce size and composition, enabling quick adjustments to align with business needs. They also handle mandatory benefits administration, visa processing, and payroll, allowing […]
Minimum Monthly and Hourly Wage in China for 2024
Minimum wage policies in China are pivotal in ensuring a baseline standard of living for workers across its vast and economically diverse regions. With each province and city setting its minimum wage levels, the regional cost of living, economic development, and labor market conditions are reflected within these thresholds. As China continues to evolve economically, […]
Changing Business Software China
Companies have strived to capture and defend their market share through various approaches in the past three years. While some have pursued strategies such as downsizing, mergers and acquisitions or aggressive sales drives, others have opted to evaluate internal practices and determine how to make adjustments within the business itself. This includes assessing software being […]
Hiring Foreign Employees in China
China is one of the most sought-after countries for foreign investment because of its enticing policies, competitive labor rates, and market reach. For foreign employers, hiring both local and foreign employees ensures the right combination of competence and diversity. Before foreign businesses can employ expatriates, they need to go through a lengthy process and provide […]
Tax Rate in China
In accordance with Chinese tax legislation, every company operating a subsidiary in the country is obligated to fulfill monthly tax filings and other related requirements. Compliance with local standards for tax legislation is imperative to maintaining control and minimizing risk for your business in China. This article will go over the primary types of applicable […]
Greater Bay Area China Tax Subsidy
In order to attract high-skilled and urgently needed talents, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) introduced a preferential individual income tax (IIT) policy for foreign talents and qualified talents from Hong Kong, Taiwan and Macao in 2019. For a period of 5 years, from 2019 until 2023, qualified applicants are able to obtain subsidies […]
Hire and Pay Employees in China
Finding a way to hire and pay employees for a business venture in China can be a cumbersome task. Even though it may seem like a complicated task, there are several methods to employ local and foreign talents for your business in China. Here are 6 ways companies can enter the Chinese market and hire […]
Payroll Services in China: How Does It Work?
Understanding the complexities of payroll in China requires knowledge and experience on local payroll matters. In our latest post we offer an overview on how the payroll system works, what it is comprised of and the benefits of payroll in China
Social Security for Foreigners in Shanghai
China’s social security system is a complicated but unavoidable requirement that can confuse many foreign-invested companies and their employees. With China frequently updating its labor laws and regulations, detailed attention to the labor and employment laws is crucial for staying compliant and operating your business in China.
IIT Preferential Treatment
According to China’s existing Individual Income Tax (IIT) law, which came into effect on 1 January 2019, expatriates in China can continue to claim these tax-exempt expatriate allowances until the end of the transition period, ending 31 December 2021.
