It can be very tricky to create a WFOE in China if you don’t understand the exact rules of the Chinese WFOE policy. From choosing the location, deciding the business scope and registered capital, tax planning, to intellectual property strategy, every step should be taken into consideration carefully. Here are 3 [...]
Launching a company in China is not easy. It is essential to have in-depth knowledge of the country’s laws and administrative subtleties. For this, it’s better to surround yourself with those in the know. This is where INS GLOBAL-CONSULTING comes in, with over ten years of experience with foreign companies [...]
What is a WFOE? A Wholly Foreign-Owned Enterprise (WFOE) is a limited company in China whose capital is entirely held by one or several foreign partners. It is the most commonly-used company structure for foreign investors entering the Chinese market. To facilitate this integration, INS Global Consulting has been assisting [...]
With the exponential growth of foreign companies setting up in China, managers are facing fierce competition to attract the best talent in their team. An effective recruitment campaign run by an agency such as INS Global Consulting can help you discover rare gems. A competitive salary package Money does not [...]
The procedure to obtain a foreign work permit in China The procedure for obtaining a work visa for foreigners in China is not only difficult to understand, but also takes a long time but is also quite time consuming. Indeed, foreign work permit applicants are divided into three categories while [...]
Speaking of China, it’s probably more appropriate to speak about “minimum wages” instead of one single minimum wage. With its experience in dealing with this complicating particularity, INS Global Consulting can accompany its clients with wage negotiations during recruitment. Regional variations in the minimum wage One of the particularities [...]
Recruitment is essential for a company in China, but it is a country where knowing certain key elements about the market’s complexity is vital. Workforce cost For western companies who would like to set up in China, wages and overall costs for the local workforce are significantly lower than in [...]
Wage portage through a WFOE offers companies looking to operate in China a way to simplify processes, save time, economize and benefit from the sharing of skills and experience. Autonomy and flexibility While companies operating via a WFOE are linked to the wage portage provider through a contract, they still retain [...]
Several operators are present in China to help you establish your business and take charge of certain administrative processes. The services offered are varied, and can provide solutions to your needs. WFOE and wage portage You can facilitate and accelerate the establishment of your business by working with a provider who [...]
Commercial transactions in China are particularly regulated, especially when it comes to operational invoicing. It is obligatory to use specific invoices registered at, and provided by, the tax bureau. These are called “FAPIAOS”. What are FAPIAOS for? In China, only the tax bureau is allowed to print invoices. Any financial transaction [...]
To recruit qualified people with very good knowledge of Chinese culture and social codes, whether foreign or not, and for the most part young, it is important to show ingenuity and dynamism. Protect your image on social media Digital marketing is a powerful tool in institutional communication. In this age of [...]
Are you looking to establish yourself in China by setting up a business? Between your brave initial decision and your first signed contract, the road can be a long, challenging and demoralizing one. Launching a business in China: a real headache - The Chinese culture barrier To penetrate the Chinese market, [...]
Western media outlets have zeroed in on China’s shadow banking sector and its rapid growth in recent years. Shadow banking refers to lending and credit intermediation outside of the typical banking system. The reason why it, at least theoretically, poses risks for the wider economy is that shadow banking is not [...]
Made in China 2025 is one two mammoth economic efforts announced in the last decade aimed at solidifying China’s global economic prowess (the other being One Belt and One Road initiative). The Made in China 2025 program is a comprehensive strategy to upgrade China’s manufacturing base by adopting ‘intelligent manufacturing’ principles, [...]
China has long since maintained strict foreign exchange controls - a common concern and headache among foreign investors. Businesses will naturally think twice about investing in the first place if they are unsure of their ability to repatriate profits. Recent economic news in China has increased these concerns. Since the massive [...]
Low employee retention in China is a major issue for companies across a variety of industries. According to a survey conducted by Hay’s recruiting, 35% of employees left their company within 2 to 4 years.[1] Fourteen percent left their employer within 2 years. Additionally, a gallup survey from 2012 showed that [...]
China's rules on outbound investment shifted considerably following the surge in capital outflows in 2016. In December 2017, the National Development and Reform Commission (NDRC) issued a new system regulating outbound investment outlined in the Administrative Measures for Enterprise Outbound Investment. The new rules bring changes to the reporting and monitoring [...]
Since China’s corruption crackdown began, the authorities have caught a number of foreign companies engaging in corrupt practices. The Chinese government has sent a series of strong messages to foreign companies. For example, in 2014, GlaxoSmithKline was found to have been bribing doctors. Authorities ordered the company to pay a fine [...]
In the midst of escalating trade tensions between the U.S. and China, Xi Jinping announced that China would liberalize its car market by 2022. Foreign investment into the Chinese car market is subject to a joint-venture requirement with 50% Chinese ownership. Car imports are subject to a 25% tariffs. In 2017, [...]
China’s economic growth remains remarkably high even after years of GDP growth exceeding 10 percent in the recent past. The IMF’s growth forecast for China’s 2018 GDP growth is 6.6%.[1] While China’s growth remains substantial, a number of pessimists argue that growth may slow down to a grinding halt in coming [...]
