Friday is upon is!
Welcome to the first Hongda Business Services Roundup for the month of September!
It has been a busy week for everyone of us over at Hongda, but the whole of China got some off-time to celebrate the defeat of the Japanese in World War Two, with Beijing hosting a lavish parade in Tiananmen Square yesterday.
As millions around China enjoy some family time and a shortened week, we are here to run you all through some of the posts and stories that made waves in our world over this past week.
This week's posts include:
- Extended FAQ concerning visa application for China PRD region - Part 1
- QianHai Hong Kong Goods Shopping Complex set to start business in December
- China Accounting: To Outsource Or Hire An Accountant?
1) Extended FAQ concerning visa application for China PRD region - Part 1
The draw of its incredible history, its colourful culture and breathtaking landscapes has helped to establish China as one of those travel destinations that millions have on their wish lists. Moreover, it has become a global force in the business world, attracting the expertise of foreign companies and professionals from all over the world.
Thanks to new visa policies and significant inroads made by the Chinese government to incentivize foreign investment, such as in Shenzhen, has become more accessible to all things foreign than ever before! But, some of these policies are not made equal for all foreigners, and some of them may differ according to one's nationality or purpose of visit.
Take an in-depth look at an extended FAQ concerning visa application for China PRD (Pearl River Delta) region here.
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2) QianHai Hong Kong Goods Shopping Complex set to start business in December
Shenzhen shoppers won't have to venture far to get a taste of Hong Kong with the announcement that the QianHai Hong Kong Goods Shopping Complex is set to commence business in early December. (Link to original Chinese article)
Around 20 of Hong Kong's reputable brands have set up shop in the complex, stocking everything from jewellry to make-up, and the complex will also include many Chinese/foreign restaurants and entertainment facilities.
The complex will definitely become the chosen haunt of business people looking to unwind after a long days work in the QianHai Zone.
3) China Accounting: To Outsource Or Hire An Accountant?
China's finance and tax laws are ever-changing, and can often be too complex to deal with for foreign companies.
After all, how many foreigners arrive in China with a comprehensive knowledge of China accounting laws and procedures, or which taxes they need to be paying and how to reduce their tax burden legally?
Not many,or perhaps even none!
So we can all agree that expert assistance is probably necessary. But foreign companies have a decision to make.
Hire a local accountant, or outsource their China accounting to a 3rd party agency.
Check out some of the benefits and drawbacks of both options which will help you make a decision that benefits your company in China here.
That's it for this week's Hongda Business Services Roundup. Please let us know about any of your thoughts regarding some of the topics we recapped this week in the comments below, or let us know about any topics you'd like for us to cover. Hope everybody around China enjoys the few days of rest, and to everyone else have a great weekend!
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Download our case study to find out how we helped one of our clients cut through the red tape to help obtain a work visa for him and visas for his family!
