在中国经商必读 英文

• • •
•
•
China has 29 provinces, special regions and municipal cities.
China has many different minorities, the largest being Han.
Beijing 北京 Shanghai 上海 Shenzhen 深圳 Guangzhou 广州 Tianjin 天津 Hong Kong 香港 Mongolia 蒙古 London (Sales) Macau (Assoc)
Wholly Foreign Owned Enterprise (“WFOE”) or Foreign Invested Commercial Enterprise (“FICE”): • 100% shares owned by foreign parties, offshore or holding companies. Different industries have different registered capital (equity and investment requirements)
Beijing 北京 Shanghai 上海 Shenzhen 深圳 Guangzhou 广州 Tianjin 天津 Hong Kong 香港 Mongolia 蒙古 London (Sales) Macau (Assoc)
WWW.LEHMANBROWN.COM
Contents
1. 2. 3. 4. 5. 6. Types of legal entities and operations in China Corporate considerations Tax environment Areas of risk doing business in China The state of financial records The Accounting system
7.
8.
Transfer pricing
Foreign currency repatriation
Beijing 北京 Shanghai 上海 Shenzhen 深圳 Guangzhou 广州 Tianjin 天津 Hong Kong 香港 Mongolia 蒙古 London (Sales) Macau (Assoc)
•
China is a vast country, though its population is 1.3billion, each province is in a different state of development. Therefore disposable income is different and consequently the market for products. Taiwan is part of China, one country two systems. Hong Kong and Macau are Special Administrative Regions (SARs). Tibet is an Autonomous Region.
WWW.LEHMANBROWN.COM
Doing business in China
Russell Brown FCMA Managing Partner, LehmanBቤተ መጻሕፍቲ ባይዱown
International Accountants
Beijing 北京 Shanghai 上海 Shenzhen 深圳 Guangzhou 广州 Tianjin 天津 Hong Kong 香港 Mongolia 蒙古 London (Sales) Macau (Assoc)
China Holding Company (“CHC”): • • • • Min. asset value US$30m within 2 years, total investment within 5 years Can make strategic RMB investments into subsidiaries. Can carry out HQ functions and oncharge to subsidiaries If CHC has RHQ status, can provide leasing or financing on own account
Know Your Government Agencies
NDRC-National Development and Reform Commission CSRC-China Securities Regulatory Commission
MOFCOM-Ministry of Commerce
SAFE-State Administration of Foreign Exchange SAIC-State Administration for Industry and Commerce (also known as AIC) SASAC-State Asset Supervision and Administration Commission SAT-State Administration of Taxation
There are a number of different operating structures in China, depending on business strategy and capital Types of legal entity available to foreign enterprises in China:
Beijing 北京 Shanghai 上海 Shenzhen 深圳 Guangzhou 广州 Tianjin 天津 Hong Kong 香港 Mongolia 蒙古 London (Sales) Macau (Assoc)
Geograhpical region of People‟s Republic of China