China Regulatory Brief: Lifted Restrictions on Foreign Investment into the Real Estate Sector
In this week’s China Regulatory Brief, we discuss the lifted restrictions on foreign investment into China’s real estate market, the minimum wage levels in Yunnan province, Shanghai’s local food safety law and the naming of healthcare products.
Domicile Registration in China – Lifted Restrictions in Shanghai, Guangzhou and Chongqing
For foreign enterprises, registering a domicile is one of the first and most important steps in the process of establishing long term operations in China. It is important to note that provincial and municipal governments retain the power to deregulate domicile registration procedures on a local level.
China Regulatory Brief: New Preferential Policies for SMEs, Shanghai Foreign Residence Permit Rules
In this week’s China regulatory brief, we talk about the new preferential tax policies for small and medium-sized companies, the detailed rules for foreign residence permit in Shanghai, the record-filing system for foreign-invested advertising companies and draft rules of online food trading business.
China’s E-Commerce Market Faces Tightened Regulations
In the midst of a consumer shift to online purchasing platforms, China’s new Method of Network Payment Service Management for Third Party Payment Agents law looks to improve and protect customer rights and privacy within the e-commerce market.
China Regulatory Brief: Company Domicile Registration Requirements & Unified Business License
In this week’s China Regulatory Brief, we talk about the relaxed domicile registration requirements in the Shanghai FTZ, the nation’s first unified business license issued by the Guangdong FTZ, RMB depreciation, as well as certain transfer pricing transactions which would no longer be eligible for tax deductions.
China Regulatory Brief: Draft Rules on Online Payment & Paperless Clearance System
In this week’s China Regulatory Brief, we talk about the pilot paperless customs clearance system to be implemented in ten customs, the draft rules on online payment businesses carried out by non-banking payment companies, and the rules on the issuance of the “certificate of imported goods.”
Smoothly Converting from an RO to a WFOE: Employee Transfer and Timing
For foreign investors planning to “convert” their previously established Representative Office (RO) to a Wholly Foreign Owned Enterprise (WFOE), the order of events and their relative timing are important considerations for ensuring a smooth transition from the former to the latter.
China Regulatory Brief: VAT Reform Expanded to Financial Sector, Shanghai New Foreign Residence Permit Rules
In this week’s China Regulatory Brief, we discuss China’s ongoing VAT reform to be expanded to financial industries, Shanghai’s new foreign residence permit rules, adjusted social insurance contribution rates and regulations on foreign-invested tobacco production enterprises.