A major challenge for foreign investors is corporate governance best practices to generate profitable business. Whilst there are significant improvements in the business environment, including regulatory reforms to streamline administrative procedures, investors face many challenges. Specifically, establishing corporate governance best practices to ensure their Chinese subsidiary is operating legally. Usually, the geographic and cultural distances…
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In China, registered capital refers to the total capital contribution and form to be paid-in by shareholders. Registered capital is publicly disclosed on the company’s business license and related government databases. However, registered capital is not the paid-in capital of a company. It is the capital declared by shareholders in the Articles of Association (‘AoA’).…
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It’s important for both China-based employers and foreign employees working in China to be familiar with income tax and compliance requirements pertaining to China’s Individual Income Tax (IIT) Law. Let's jump in and answer some basic questions in three parts. Part I - Individual income tax of foreign employees Q: What is the Individual Income…
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