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Management Structures of a WFOE Part 2


by Richard Hoffmann   This is the second of an two part article series about the management structure of a Wholly Foreign Owned Enterprise(WFOE) in China. Read about the General Manager as well as about the Legal Representative and their duties.  

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The Management Structure of a WFOE


by Richard Hoffmann There are a lot of aspects one has to consider, when setting up a WFOE in China. Choosing a board of directors or better an Executive Director? A Board of Supervisors or only one? And what would be their duties? In this article we would like to give you some answers to these questions.

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4 Steps to liquidate a wholly foreign owned enterprise


Going through liquidation is a complex and often long lasting process. Failure to comply with existing regulations might result in severe legal consequences for shareholders. These are the most important steps to consider when closing a wholly foreign owned enterprise.

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How to change a RO into a WFOE


By Richard Hoffmann Establishing a Representative Office (RO) is one of the easiest, fastest and cheapest ways of entering the Chinese Market. For certain activities a RO might be the right choice, for others however, it is a waste of time and money, as the purpose of a RO is very limited and after a […]

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How To Set Up a WFOE in China: The Most Important Steps


By Richard Hoffmann, ECOVIS Beijing When starting a business in China, many choices have to be made. One of the first tasks is to determine the entry strategy and decide on the legal structure. Do you want to enter China with a Joint Venture, a Representative Office, a Wholly Foreign Owned Enterprise (WFOE) or will […]

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Buy Assets Now to Save Taxes – The New “Shortened Depreciation”


By Grace Shi, ECOVIS Beijing China By adopting the new shortened depreciation method, companies in certain industries can ease the financial burden of asset acquisition.

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Tax Exemption Now Available for Companies with Annual Revenue of Up to 200,000 RMB!


By Richard Hoffmann, ECOVIS Beijing China Always paying too much taxes? China has raised the upper limit of tax exemption for small companies from 100,000 to 200,000 RMB total annual revenue.

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China’s Corporate Income Tax Update: What You Need to Know


By Richard Hoffmann, ECOVIS Beijing China Watch out! China’s new regulations on corporate income taxation regulate inter-company expenses. Learn how to manage payments from related companies to avoid paying too much taxes.

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Seminar about Individual Income Tax, Social Insurance and Private Pension


By ECOVIS Beijing On the 17th of March 2015, Ms. Manuela Reintgen from ECOVIS Beijing and Mr. Klaus-Peter von der Eltz from Expatriate Care Consult held a seminar on individual income tax (IIT), social insurance and private pension, organized by the German Chamber of Commerce and the German Centre in Beijing. One day later, on […]

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An Interview with Erlkönig China: The Automotive Industry in China


By ECOVIS Beijing On Wednesday, 16th of July 2014, Mr. Sven Hundhausen, Director of Erlkönig China held an interview with Mr. Constantin Colberg, Senior Associate at ECOVIS Beijing, about the automotive Industry in China. Current issues such as market entry options for foreign OEMs, strategies of Chinese companies and E-Mobility in China were amongst the […]

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