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

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...

April 21, 2023

What License Do you Need to Start Food Business in China

Consider running your food operation in China and enjoy the benefits of the great food market. Applying for food operation licenses is "first-thing-first"! Let's take a look at the license you may nee...

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...

April 10, 2023

How to Prepare for Your Employment Residence Permit Interview - FAQs

To work and reside in China legally you must apply for employment residence permit. An offline interview required by government for first-time residence permit application can be challenging for you. ...

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