Changing the registered capital in China can be a complex process with numerous legal and financial considerations. Whether you are looking to increase or decrease the registered capital of your foreign-invested enterprise (“FIE”), it is important to adhere to the various rules and regulations. In this guide, we will explore the intricacies of changing your registered capital in China., highlighting the legal consequences that may arise from unlawful capital reduction. In addition, we will provide practical insights into the procedural requirements to help you stay compliant with the newly revised Company Law.

Understanding the different types and uses of company chops is essential. Integral to day-to-day business activities, company chops are official seals used to validate various documents and contracts. In this article, we will explore the significance of company chops and the different kinds of chops, including e-chops. In addition, we will offer guidance on safeguarding your chops to avoid any potential misuse or unauthorised use.

Are you seeking to expand your operations into China? China’s labour market is evolving rapidly. Understanding its dynamics is crucial to ensuring success in recruiting and retaining the right talent. This article will walk you through the important aspects of the hiring process in China. Topics covered include methods to hire local employees, employment contracts, and other compliance considerations.  

In China, fapiaos (meaning invoices) play a pivotal role in everyday business transactions and taxation. Unlike invoices or receipts typically used elsewhere, fapiaos have several functions. These official invoices serve not only as proof of purchase and sale of goods and services but also as a vital component in tax compliance. Due to the distinctiveness of the fapiao system, many foreign businesses establishing operations in China encounter challenges when navigating it.

Navigating employee termination in China is a delicate and often challenging process. You may be faced with the need to sever ties with an employee

With important deadlines one after another, meeting your annual compliance obligations can indeed be a complex and confusing affair. In this article, we will delve into the main annual compliance requirements that every company operating in China should be aware of. Such obligations involve conducting different statutory filing and financial reporting procedures.

The export VAT refund system in China allows eligible businesses to recover VAT paid on purchases related to the provision of taxable goods or services for export. There are two refund methods: Exemption, Deduction, and Rebate (EDR) for manufacturing enterprises, and Exemption and Rebate (ER) for trading enterprises. This article provides an accessible overview of how the export VAT refund system works in China.