How China Trademark Licensing & Customs Recording Protects Your IP
We've written before about the risks of your Intellectual Property such as trademarks being used with your permission in China and that hasn't changed. No matter whether you're ...
Hongda Blog
Practical articles for foreign investors in China: company setup, tax, banking and work permits.
Top 2 accounting softwares in China in 2023
Doing business in a foreign country is never easy, and the same goes for China. China’s accounting standards are very different from the global standards that you are probably familiar with.
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) ...
What are your Chinese company seals and why are they important?
Seals have been used to stamp important documents in China since ancient times. You might have heard of the large jade seals belonging to the Chinese Emperors: Image credit If you open a ...
Risks & Tips for Opening A Hong Kong Bank Account Post-Covid
Let's say you have a WFOE in China and you now want to open a Hong Kong company and business bank account for it. This has been quite challenging in different ways since around 2012 when ...
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Be ready for the Annual Inspection of Foreign-Invested Chinese Enterprises (Jan 1-June 30 each year)
If you're a foreign investor who's running a Chinese enterprise, probably a WFOE, you will need to undergo an annual inspection each year. Let's examine what the annual inspection is, why ...
Bookkeeping In China: What You Need To Know
Let's take a look at bookkeeping in China, an important job that foreign investors need to consider when setting up a company here. I'll introduce bookkeeping, explain what a bookkeeper ...
2023 Guide to Opening a Bank Account in China
Operating a WFOE, wholly foreign-owned enterprise, or any other business in China, isn’t as simple as only securing a business license; you will also need to open a bank account to ...
Top 4 Alternatives to Opening an Offshore Bank Account for Hong Kong Companies
Considering the territorial advantages of Hong Kong, it comes as no surprise that the majority of WFOE owners choose to open a Hong Kong corporate bank account.
The China Trademark Process Explained
Whether you intend to do business in China today or at any point in the future, registering your trademark in China as soon as possible is a smart move. We’ve outlined the entire process ...
Exploring the Qianhai Shenzhen-Hong Kong Youth DreamWorks & its benefits
Ever since the Qianhai area of Shenzhen was approved in 2012 it has been positioned as a hub for innovation. One of the key focuses has been strengthening business links between the PRC, ...
Hong Kong’s FRC Gains New Powers
Hong Kong’s Financial Reporting Council has gained additional powers following the passage of the Financial Reporting (Amendment) Bill by the Legislative Council. Read on to explore what ...