When it comes to choosing a business partner in China, due diligence is a must. This is probably one of the most important things you will do before setting up a running business in the country. A local partner with good standing will surely be of great help to you, while a bad one could ruin your reputation.
The correct Incoterm can lower transportation costs for your China business
The use of Incoterms (International Commercial Terms) is meant to minimize or eliminate the confusion arising from the interpretation of the trade rules in different countries. Foreign companies importing goods from China must understand the proper use of these terms to avoid complications and lower their transportation costs.
Advantages and disadvantages of partnering with a distributor for your China business
The Chinese market offers incredible business opportunities but going at it alone can turn out to be a difficult enterprise. However, utilizing an infrastructure and logistical know how that already exists in your target market may prove to be more of a time and cost-efficient strategy. This is where distributors come to play.
Understanding the Harmonized System (HS) for your import-export China Business
A growing number of foreign companies is looking to start or increase their import-export business in China. Classifying and declaring goods accurately according to China’s version of the Harmonized System (HS) is a key component of a successful operation.
In the past few years, international companies have had to pay more attention to the classification of their products in China to avoid criminal or civil penalties. The misclassification of goods can turn out to be a very costly mistake.
Maintaining Good Standing Status is crucial for your China Business Compliance
As a foreign professional planning on starting a business in China, it is critical that your corporation maintains a good standing status in its place of origin. The Chinese government will require a Certificate of Good Standing from you before letting you register your company in the country. Maintaining this status is fundamental for the future success of your business.
Benefits of using a Professional Employer Organization (PEO) for your China business
As a new foreign business owner in China, you might be spending more money than you intended on research to understand the Chinese market better. Investing in a corporate structure in China may seem out of the question for the moment, therefore you need to look for low-cost options to manage a small team of people while focusing on developing your business.
Pros and Cons of switching accounting service providers in China
As a foreign company doing business in China, it is fundamental to have an trustworthy accountant who can not only help you with your financial decision making needs, but most importantly will guide you efficiently through the complicated Chinese tax and legal system.
Top 5 reasons Why WeChat is crucial for your China business
With more than 900 million active users, WeChat has changed the way people in China live their daily lives. What began as an application to send messages similar to WhatsApp, has since morphed into a multidimensional platform that offers its members a simple yet highly effective way to take care of most of their everyday needs, from paying bills to transfer money, get news and manage personal finances, among many others.
Foreign Investment Law - key points that all foreign investors should know
On January 1, 2020, the new Foreign Investment Law of the People’s Republic of China went into effect. This represents a new era for China’s legal framework surrounding foreign investment. The new FIL replaces the Law on Wholly Foreign-Owned Enterprises, the Law on Sino-Foreign Equity Joint Ventures, and the Law on Sino-Foreign Cooperative Joint Ventures (the three previous foreign investment laws).