China Briefing June 2010 provides updates on legal and fiscal matters for businesses operating in China. The publication covers several key aspects:
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Pre and Post-Registration Procedures: It highlights common financial and administrative issues that foreign investors face when starting a business in China. The article stresses the importance of meticulous planning before registration to handle potential financial and legal implications.
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UR Registration Issues: The document discusses the challenges associated with registering an Office of Representation (UR), such as missing documentation, obtaining permission certificates, and registering in Grade A buildings. It also emphasizes the need for the property owner's tax payment for obtaining the required certificate.
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Common Financial and Administrative Problems for an Office of Representation: This section addresses issues like banking account management, where clients often delegate tasks to third parties, leading to a lack of attention and potential risks.
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Pre and Post-Registration Procedures in China: It is curated by Chris Devonshire-Ellis from Dezan Shira & Associates, providing insights into the complexities of business licensing and registration processes in China.
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Financial Obligations: It mentions the varying amounts of social contributions required for local employees in different Chinese cities, which can lead to difficulties in accurately calculating expenses.
The publication serves as a guide for foreign investors navigating the intricate bureaucratic landscape of China, offering insights into crucial procedures and potential pitfalls.
