Category: China 101
Obtaining an ICP License in China: A Business Necessity for Any Web-Based Presence?
- March 6, 2017
- Posted by: Peter Pang
- Category: Category: Business In China, Category: China 101
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The Internet has exploded in China, and some of the world’s leading e-commerce and other web-based business like Alibaba, WeChat, and others have originated from the PRC (People’s Republic of China). However, the PRC does exercise stricter control over the Internet and websites than some foreign businesses might be used to. In order to operate...
How to Set up a WFOE in 2017
- February 23, 2017
- Posted by: Peter Pang
- Category: Category: Business In China, Category: China 101, Category: Foreign Direct Investments
In 2016, China’s government passed a new foreign investment law (the Foreign Invested Enterprises Law) designed to make the PRC a more attractive environment for foreign investors. In connection with this new law, the Chinese government, through the Ministry of Commerce (MOFCOM), also issued new regulations regarding the formation and registration of wholly foreign-owned enterprises...
Employee Handbooks in China: Why You Should Have One
- February 17, 2017
- Posted by: Peter Pang
- Category: Category: Business In China, Category: China 101, Category: Labor and Employment Law
In many Western countries, written employee handbooks have been standard practice for most employers for decades. These handbooks provide a uniform set of guidelines that the employer follows in terms of employee dress codes, vacation policies, procedures and grounds regarding discipline and termination of employees, and a whole host of other issues that may arise...
Franchising in China: An Excellent Business Opportunity But One Not to Take Lightly
- February 3, 2017
- Posted by: Peter Pang
- Category: Category: Business In China, Category: China 101, Category: Foreign Direct Investments
Franchising American restaurants in China was recently in the news amid reports that fast food giant McDonald’s has sold its mainland China and Hong Kong businesses to a consortium between the state-owned Chinese conglomerate Citic and the American private equity giant Carlyle Group for $2.03 billion. Among the key points of the deal was that...
Should You Be Legal Representative in China?
- January 16, 2017
- Posted by: Peter Pang
- Category: Category: Business In China, Category: China 101, Category: Foreign Direct Investments
Under Chinese law, every company must have a legal representative when starting a company or opening a new business in the PRC. A company’s legal representative is the individual who serves as the legal embodiment of the company’s interests for purposes of the Chinese government. His or her name appears on the company’s business license...
The EB-5: A Legitimate Pathway to Obtain a Green Card?
- November 16, 2016
- Posted by: Peter Pang
- Category: Category: China 101, Category: Outbound Foreign Investments
The EB-5 visa is a United States visa program for immigrant investors that was first instituted by the federal Immigration Act of 1990. The EB-5 visa provides means to obtain a green card, and eventually a path to permanent residency in the United States, for foreign investors who invest large sums of money in the...
WFOE’s Registered Address, A Bit More Complicated Than You Think
- November 7, 2016
- Posted by: Peter Pang
- Category: Category: Business In China, Category: China 101
The Companies Law of the People’s Republic of China requires that all foreign-owned corporate entities have a registered physical address in China. However, many foreign investors have gambled (and lost) that Chinese authorities will not catch on if they simply use an inappropriate address (whether it be a virtual office or an address that has...
Teaching English in China: Let the Buyer Beware
- October 18, 2016
- Posted by: Peter Pang
- Category: Category: China 101
As anyone who knows remotely anything about China can tell you, let alone anyone who has lived or is currently living in China, interest in teaching English in China by native (or not) English speakers has grown exponentially as China’s economy has exploded over the past several decades. There were over 300,000 English language schools...
No More Foreign Investments Approval
- October 10, 2016
- Posted by: Peter Pang
- Category: Category: Business In China, Category: China 101
What’s new? On September 3 2016, the Standing Committee of the National People’s Congress of the Peoples’ Republic of China (NPC) adopted the amendments which modified the rules relating to the establishment and alterations of the foreign-invested enterprises (FIEs). Are considered FIEs: equity joint ventures (EJV), cooperative joint ventures (CJV), wholly-owned foreign enterprises (WFOE). The...
Quick Guide to Chinese Labor Law
- February 10, 2015
- Posted by: Peter Pang
- Category: Category: China 101
When the Opening Up process first began in China some three decades ago, the country had very little legislation on the books regarding employment standards for private industry. As the country’s economy moved further and further away from reliance on state-sponsored jobs and the old concept of “the iron rice bowl” (whereby every worker’s financial...
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