Doing business in China
Chinese business practices may be bewildering for a foreign business. It is said : "No one is an expert on China, there are just varying degrees of ignorance." But forewarned is forearmed.
In this section, we will provide selected articles that can identify some of the key differences between China and western business practices.
Official Reciepts: Fapiao Overview
The use of chops: Chops
Social security: Social Security
Expat Income-Tax Rates: (Note that rent paid while in China can be used to reduce taxes, but you need to get a Fapiao from your land lord. Good luck!! ): http://www.dezshira.com/updates/2011/01/expatriate-annual-tax-reporting-for-2010-incomes.html/
Terrific read about setting up professional services business in China: Setting up business in China
Many very useful resources and links can be found at www.china-briefing.com . This publication is developed by Dezan Shira and Associates, a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China, Hong Kong, Vietnam and India. Established in 1992 with seventeen offices in four jurisdictions.
For assistance with your China project, contact us.
Aposted...February 24, 2011