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Focus China

News & Information for Investors, Entrepreneurs and Businessmen from Tax Consultants, Accountants, and Lawyers

Recent Articles

Summary Guide to Tax Incentive Policy Highlights

As the new year begins, we have summarized the key tax policies from the past year to provide valuable insights for your business planning and decision-making. Below are the highlights: Individual Income Tax (IIT) Policy Annual Bonus Regulation: Announcement of...

Two-in-One: China Integrates Work Permits and Social Security Cards

Starting December 1, 2024, China will officially merge work permits for foreigners with social security cards into an integrated digital solution. This new system aims to simplify access to essential services for foreign workers while optimizing administrative processes. The reform...

Navigating China’s Cashless Revolution: A Guide to New Payment Options

In recent years, China has undergone a remarkable transformation in its payment landscape, evolving into an almost cashless society driven by mobile payments. For residents, this transition has undoubtedly enhanced convenience in everyday transactions. However, for foreign visitors, navigating this...

Cross-Border Dispute Resolution in China: Successful Enforcement Strategies

In a globalized economic world, conflicts of interest and resulting disputes are inevitable. Especially in China, attracting an increasing number of companies and investors. Actors regularly find themselves confronted with costly legal disputes with risks of impacting their efficiency and...

China’s new company law 2024 and liabilites – why the Supervisor can still be useful

Even though underestimated many times, the Supervisor could play a crucial role in the performance of a Chinese business. Being on an equal level of communication with the management comes with many plus points. The new company law brings profound...

What distinguishes the Chinese WFOE from the German GmbH

For companies considering an entry into the Chinese market is the WFOE (also WOFE) the most popular type of company. WFOE stands for Wholly Foreign-Owned Enterprise. As the name suggests, it describes a company where only foreign investors are participating,...

Opportunity in times of crisis? China’s new economic landscape

China, renowned for the last decades for its economic ability, currently confronts a multitude of challenges within a context of slow economic growth. The ongoing structural transformation of China's economy, imperative for its long-term sustainability, has engendered short-term turbulence. The...

Navigating China’s Cashless Revolution: A Guide to New Payment Options

In recent years, China has undergone a remarkable transformation in its payment landscape, evolving into an almost cashless society driven by mobile payments. For residents, this transition has undoubtedly enhanced convenience in everyday transactions. However, for foreign visitors, navigating this...

Increased Liability Risks for Directors in China: A Comprehensive Guide with Numerous Examples

The recent changes in Chinese corporate law mark a significant shift in corporate governance and establish new, stricter standards for directors. This comprehensive guide sheds light on a variety of scenarios in which directors must now exercise increased caution to avoid personal...