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China’s New Point System for Expats


On 9 September 2016, the State Administration of Foreign Experts Affairs published the reform of the current work visa system for foreigners in China. The changes will merge the various regulations for foreign specialists with the normal application procedures. The reform will also replace the current work permit booklet with a small card. Additionally, it […]

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IIT Update


Don´t miss the deadline! Prepare now! Starting form 2006, individuals whose annual income exceeds RMB120,000 will be required to file an annual tax return in the local tax bureau.

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STARTUP HYPE IN CHINA


China is currently experiencing a startup hype. In this article we will update you about the recent government developments in China and analyze different types of possible investments in the startup sector.

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Five reasons for outsourcing bookkeeping in China


Outsourcing your bookkeeping can help running your business more effectively and enables you to focus on the core competencies of your company. In addition, subcontracting a professional accounting firm for providing bookkeeping or payroll processing can increase your profitability, reduce legal risks and solve compliance problems with overseas connected companies. This article explains five reasons […]

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Netherlands Economic Mission in Beijing – ECOVIS Beijing


By ECOVIS Beijing On Thursday, the 30th of October 2014, ECOVIS Beijing was glad to welcome the Netherlands Economic Mission to China and share expertise with them. Our Business Development Team Manager Manuela Reintgen lectured the delegation on HR issues one faces when operating a company in China or dealing with those that do. ECOVIS […]

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Hiring in China – Employment and the staff manual


By ECOVIS Beijing Hiring in China is a delicate process—firms must be aware of the differences between foreign and local hires. Hiring means not only writing an employment contract. It is strongly advised to write an extensive staff manual for legal and practical reasons. Find out more about: Staff manual and why you need one […]

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Payroll for Expatriates in China: 2 Things you need to know


By Richard Hoffmann, ECOVIS Beijing China Along side globalization and the advancement of technology, it doesn’t come as a surprise that international projects and global assignments have become a norm in today’s business world. In addition to the increase in international projects, an expected increase the population of expatriates working on both short-term and long-term […]

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The social security system in China


By Manuela Reintgen, ECOVIS Beijing At the start of June 2014, the Beijing Municipal Human Resource and Social Security Bureau (BMHRSSB) and the Beijing Municipal Bureau of Statistics (BMBS) announced that the average monthly wage in 2013 was RMB 5,793 for Beijing. This number is important because social security contributions are assessed on employment income, […]

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Seminar about individual income tax, social insurance and private pension


By ECOVIS Beijing On the 3rd of June 2014, Ms. Manuela Reintgen from ECOVIS Beijing and Mr. Klaus-Peter von der Eltz from Expatriate Care Consult held a seminar on individual income tax, social insurance and private pension at the German Chamber of Commerce in Beijing – two days later, on the 5th of June, this […]

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Human Resource Issues in the Automotive Industry


By Richard Hoffmann,  ECOVIS Beijing China’s automotive industry is booming and already holds a global market share of just under 20%. However, one of the most common challenges within the industry remains to be Human Resource Management which, still today, causes some of the largest issues faced by the industry. The following segments illustrate some of the […]

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