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

October 8, 2023

See How Much You Can Save with the Individual Income Tax Updates!

In recent decades, China has experienced rapid economic development, and both citizens and foreigners working in China have witnessed growth in their salaries. With the enhancement of the taxation sys...

August 30, 2023

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 ...

Guidance on foreign currency settlement and purchase in China.

August 2, 2023

Will Qianhai Be Your Investment Destination? – Introduction to Qianhai

Since the announcements of establishing Qianhai Cooperation Zone, the word "Qianhai" has attracted the global attention for its outstanding policy incentives and remarkable advantages of strengthening...

July 19, 2023

Guidance on Transferring Money In and Out in China

As a foreigner living in China, you may face a limitation of daily foreign currency transfer and settlement, and you must be wondering why. In this blog, Hongda tells you everything you may want to kn...

Complete guidance on Hong Kong Offshore Tax Exemption Application

July 10, 2023

What is Hong Kong Offshore Profits Tax Exemption and How Can I Apply?

Do you even know that the profits sourced outside Hong Kong can be considered offshore profits and are exempted from tax, according to the regulations of the Hong Kong Inland Revenue Department? Let t...

How to open personal bank account in China

May 28, 2023

How to open individual bank account in China? Enjoy more with Hongda.

Surprised by the fact that Chinese people are always using their smartphones instead of cash for payment in daily life? It will be great if a foreigner can enjoy those conveniences just like Chinese p...

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...

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