China Business Services blog including WOFE set up, monthly China accounting and taxes in China | Hongda

China Visa Application: Which Visa Do You Need?

With its incredibly rich history and growing economy, it comes with no surprise that China is no longer an obscure destination to visit. Whilst the Chinese authorities have made great strides to make ...

August 28, 2023

14 Pros & Cons Of Starting Joint Ventures In China

It's time for China company setup with a local partner Of the many options available to foreign and domestic companies looking to open up a company, entering into joint ventures in China may prove to ...

May 15, 2023

How To Send Money To China From USA (8 Tips)

There comes a time for many expats in China when you need to send money from the West, for instance from the USA, to yourself in China. But financial transfers aren't as simple as you may be used to, ...

Two people discussing company accounts at a desk.

April 26, 2023

Chinese Accounting Standards (CAS) vs. IFRS: 3 Top Tips You Should Know [2023]

When doing business in a foreign country, local laws, regulations and standards are something that you must get familiar with to. After years of development, the Chinese Accounting Standards (CAS) is ...

April 24, 2023

China Accounting 101: What Is VAT In China?

Value Added Tax (VAT) in China is notoriously complex. It’s one of the most comprehensive taxes among 170 countries that have implemented VAT (or equivalent tax). The difference between Chinese accoun...

April 18, 2023

Setting Up A WFOE In China: The Process Explained [2023]

If you follow this blog, you may have read articles on the differences between WFOEs (pronounced “wuh-fee”), Representative Offices (ROs), and Joint Ventures (JVs)– on the different types, the Pros an...

April 18, 2023

China Work Visa Requirements: What You May Not Know [2023]

China has become a popular destination for expats looking for work outside their home countries. While the Chinese government has simplified the application process for a China work visa over the year...

December 14, 2022

An Ultimate Guide to China Manufacturing Company Setup

Thanks to the larger population and lower labor costs, building a manufacturing factory can be beneficial compared to your international competitor. This ultimate guidance of China manufacturing compa...

October 8, 2022

Best Case study : Macau company establishment

This article provides an example of a Chinese client setting up a company in Macau, and this case study will demonstrate the importance of understanding local business policies through Hongda in order...

2 Ways To Reduce China Taxes For Businesses And Employees In 2018.jpg

July 7, 2022

2 Ways To Reduce China Taxes For Businesses And Employees In 2022

The rates of China taxes for both expat employees and businesses are perhaps higher than you'd imagine. For instance, expats can expect to pay between 25% to 45% IIT (Individual Income Tax) on earning...

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