One of the main concerns foreign investors have when deciding to establish a new business in China is if and when they will be able to repatriate their profits out of the country. This question makes many business professionals anxious before establishing an entity in China. The answer is simply yes. Just as any other country in the world, you will be able to transfer your funds out. The most important aspect is to ensure that your business operates in a transparent and legal way, within the country’s rule of law, and complies with all its fiscal obligations. As an individual, if you are planning to relocate out of China, you can also take your money out of the country. There are a few regulations and procedures that need to take place first, but in general there are no obstacles for repatriating capital. In this webinar we will be discussing the types of repatriation strategies that can be created and the procedures to process the payments overseas. #profitrepatriation #doingbusinessinchina #tax

As one of the world’s biggest economies, China offers significant business opportunities for foreign companies. But attached to the lucrative benefits of doing business in the country come a set of rules and regulations, which when not taken seriously may result in tax audits, penalties, and other serious consequences. Taxes represent one of the most important sources of revenue for the Chinese government, and tax authorities have recently stepped up their efforts on enforcement and collection of corporate taxes. Even well-intentioned and honest businesses can get penalized for unqualified fapiao, missing supporting documents, and simple mistakes made by employees. In the past few years, the Chinese government has improved the country’s business environment to allure foreign investment and offset a slower economic growth. At the same time, they have tried to increase the overall awareness of the society and to pre-empt taxpayers from engaging in any non-compliance tax practice. In this webinar we will highlight a simple message: no more business as usual. The days of hiding profits and avoiding paying taxes in China are over. Find out how you can protect your China business and avoid a tax audit. #tax #taxaudit #doingbusinessinchina

China’s Fapiao system is a complicated one that can be confusing for foreigners running a business. But in an effort to minimize your liability as much as possible, and to guarantee that you’re meeting any and all compliance requirements, it is in your own best interest to understand the VAT Fapiao system and how it relates to your company. From the operational perspective, you have two options when invoicing in China. The first is issuing the VAT invoice immediately to your Chinese customer instead of issuing a debit note or an Excel invoice. This is crucial because the moment the invoice is issued, it goes into the tax software system and regardless if your customer has paid or not, you are liable to pay VAT. In this webinar, we will provide you with an understanding of the China VAT Tax system, the Invoice Fapiao System and the operational aspects surrounding VAT within your company. #doingbusinessinchina #vat #tax

As the Chinese government looks to reactivate the economy and avoid unemployment, a wide range of new preferential individual and corporate tax incentives have been approved and implemented since January 1, 2019 to bolster Small and Medium Enterprises’ (SMEs) competitiveness. The new Corporate Income Tax (CIT) cuts can result in substantial savings for low-profit firms and small private enterprises. Tax planning and optimization are essential in order to avoid paying more than you should as a small business owner. A slower than expected economic growth and the impact of the extended trade war with the United States, have pushed China to look for a different avenue to stimulate its local economy. Similarly, the coronavirus outbreak and rising operational costs have further complicated the situation, making this stimulus more necessary than ever. In this webinar we will be investigating the preferential tax policy in detail and how it can be implemented for one's business in China. #tax #chinaprofittax #taxplanning

The ecommerce landscape has changed rapidly over the years. With an increase in e-commerce activity, consumer complaints and speculations of unfair competition on the rise, it is only natural that the Chinese government has taken notice. For a foreign company seeking to start a, eCommerce business in China, it is crucial to closely examine the fast-changing landscape. In this webinar we will be looking at the new era for China’s eCommerce, business models to start an eCommerce business in China, the importance of applying for an ICP license (if needed and applicable), the benefits of China’s eCommerce regime and what to watch out for when choosing eCommerce platforms in China. Join our webinar to learn more about creating your China eCommerce business.

How to structure your business in China? How much taxes will you pay? What shall you know about hiring staff in mainland? All these and more in my chat with Kristina Koehler-Coluccia Head of Woodburn Accountants & Advisors.

Everyone that has been to China knows that obstacles arise, and roadblocks happen. The best way to survive in this landscape is by minimizing these difficulties as much as possible and creating a guide that will allow you to know exactly what you need to do, each step of the journey. One of the most powerful tools you can acquire is knowledge. You must educate yourself on current and up-to-date information. Things move fast in China and staying updated with the latest information is crucial. Always remember – “knowledge is power”. Research is another key element. Everyone should go into the Chinese market armed with stats, analysis, and research. This fundamental information and the knowledge you acquire will shape your business plan and budget. This video is a highlight reel from ACSME in regards to the 10 biggest mistakes companies make in China #doingbusinessinchina #investinchina #chinaexperts

China is the world’s second largest economy and an important market for any international company. Even if you are a small player, it’s important to think big and have a China strategy in place. China can be a difficult market to crack and even more so for start-ups. It is a common journey that businesses go through, and it is more predictable than most people realize. From hundreds of entrepreneurs, companies and leaders from the USA, UK, Australia, Canada, and Europe, we have learned that there are certain problems and frustrations that come along at very predictable times. More importantly, there are also certain ways to overcome them if you know the journey ahead of you. In this webinar, we will look at Woodburn’s China Roadmap method which consists of accomplishing 3 major milestones and 9 superpowers needed by a company, entrepreneur and/or leader to build a “performance” business in China. #woodburnglobal #doingbusinessinchina #chinaroadmap

Let's finish off the week of webinars with another guest speaker - Olivier Verot - from the GMA agency - MarketingtoChina - with a budget and action plan webinar on "What will be your brand strategy in 2021?". Let's re-cap the highlights from the week's webinar sessions and draw up an action plan for you to execute in 2021. This session is going to provide you the legal in’s and out’s of branding your product and/or services in or outside of China and the pros and cons associated with each. #marketing #branding #doingbusinessinchina #strategytoexecution

Our guest speaker - Ariel Tsai, Business Development Manager at PingPong Digital - has provided us with great insight into 5 marketing trends for eCommerce success. There is no doubt that the pandemic has brought some radical changes to our lives in 2020. As offline businesses being heavily affected, more and more businesses have shifted their focus online. With China leading the rapid recovery of Covid-19, the Chinese market has reacted to it in a spontaneous way. In this webinar we will wrap up some market trends we have seen in 2020 and map up some potential market trends for 2021. #ecommerce #digitalmarketing #doingbusinessinchina #woodburnglobal

Our guest speaker from today's session is Wendy Chen, Digital Marketing Executive at Alarice & ChoZan. In this presentation she is covering the following: • China social media and e-commerce outlook • WeChat: The most powerful social media platform in China o Marketing Functions o E-commerce o Best practice • Weibo: Campaign, KOL, and Public Traffic o Marketing Functions o E-commerce o Best practice • Douyin: China biggest short video platform o Marketing Functions o E-commerce o Best practice • Checklists for the future Looking to learn more about digital marketing in China. Listen in. #digitalmarketing #doingbusinessinchina #marketing #consumers

Our guest speak for this webinar series on "Your Brand Strategy for China" is Matt Wills, founder and creative director of Shanghai-based design firm Floob Creative. Matt gives his insights on why having a brand mascot can help your visibility in the Chinese market. Coming from a background in IP-development and product design, he discusses general branding and design principles around the theme of connecting to audiences through storytelling, and how to evaluate your range of products to help generate more sales. #brand #storytelling #productdesign #chinabrandstrategy