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

June 17, 2021

How Self-employed Foreigners Can Reduce Tax Payable in China

Until now, it was complicated for foreigners to work in China. Typically, you would need to be invited to work here by a company (local or foreign-owned), go through the visa process, and then be gran...

Haikou Hainan Port Container Terminal Aerial View During Sunset

January 5, 2021

Setting Up A WFOE In China? Have you considered HaiNan?

Where are you thinking of setting up your WFOE in China? Guangzhou, Shenzhen, Foshan, Shanghai are all common provinces foreigners choose for their WFOE set up. Have you considered Hainan?

Different currencies on different continents of a map emerging from one location.

December 1, 2020

Profit Repatriation – Transferring Money out of China in 2022

As China’s economy continues to flourish, more and more businesses want to set up an international branch there. However, one of the biggest concerns they have is whether or not they’d be able to get ...

April 22, 2020

Labour Relationships: Handling Mass Layoffs for Your China WFOE

The effects of the COVID-19 outbreak in China have left many businesses struggling to stay afloat, let alone make a profit as costs remain the same or may have even increased, and revenue for most ind...

March 13, 2020

WFOE Tax Relief Polices During Coronavirus

In light of the the current pandemic, the Chinese government has issued a number preferential tax policies for both local and foreign-owned business in China to reduce the burden and boost the economy...

Ball with China flag at the center of a compass pointing to 'Invest'

January 29, 2020

This new Chinese law will affect all foreign-invested companies

On March 15th, 2019, China's legislature approved the new Foreign Investment Law (FIL), it would replace the Three Laws on Foreign Investment as the new basic law in the field of foreign investment in...

January 2, 2020

2021 WFOE In China Checklist [Free Download]

WFOE formation in China is bureaucratic, time-consuming, and involves complex Chinese language documents. While we cannot change the system, we've created this simple checklist in plain English that y...

November 15, 2019

Is My WFOE Safe?

Many foreign investors eager to capitalise on China’s potential have started up a Wholly Foreign-Owned Enterprise (WFOE) to take advantage of this opportunity. While WFOEs have their benefits, as with...

August 13, 2019

How The 2019 Negative Lists Will Impact Foreign Investment In China

Following promises made at the 2019 G20 summit in Japan, China’s National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) have released a revised 2019 Negative List for Fore...

May 29, 2019

Calculating IIT Under China’s 2019 Reforms for Foreign Expats

In the past few months, we’ve talked a lot about China’s IIT reform and what it means for expats. To help demystify the process, we created this infographic and blog outlining three major changes for ...

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