For many people coming to China for the first time it can seem like a very familiar yet such an unfamiliar place. Companies with a limited liability seem to be quite universal but the way the Chinese require them to be established, can be quite a challenge.
Different companies for different purposes. Each company has its own ‘scope’ – which limits it to a very narrow band of activities. Compulsory registered capital and paid in capital requirements that differ to other countries. The ability to easily repatriate capital or profits back home. All challenging.
All of these present the new entrant with some very difficult choices when first setting up in China.
Some of our Services
ManageChina has over ten year’s experience in both setting up and running the compliance for many foreign companies choosing to base in China. Rather than deal with the day to day running of the things like tax submissions, fapiao issuance or payroll calculations, they outsource it to us.
Being able to navigate your way through myriad different jurisdictions, understanding different tax classifications as well as building your relationship with local government authorities represent just a few of the challenges this system pose.
Making the right decision at the beginning has direct consequences for the balance of your commercial activities in China.
Failure to properly register your intellectual property opens up the likelihood of no defense should you need it at the least and the loss of your own brand IP to a competitor at the most. One of the least well dealt with areas of market entry by foreign companies, the answers to this curly question are actually quite straight foward.
Why Choose Us
- Long history of building relationships with a variety of district tax offices
- Constant review and reporting of changes in tax law that will effect clients directly
- Sit down quarterly reviews of the business
- Half yearly sit down planning sessions
- Monthly tailored reports for all clients.
What Client’s Say
I was really worried about getting my money out of China. I had read about some horror stories and felt if I had any small success it would be undone through not being able to access my own profits. ManageChina showed me that this didn’t have to be so and in fact, the road is pretty direct.
My payroll was in a real mess. My own staff had told me not to worry about setting aside any money for housing fund or social insurance and to pay the money as a cash bonus. ManageChina set me straight and helped me avoid a problem down the track.