In this edition of China Outbound, we provide forecasts for foreign investment and trade trends in 2015, survey the impact of important pieces of U.S. legislation FATCA and FCPA, and highlight regional FDI incentives in India and Vietnam.
The post China Outbound: Forecasts for 2015, FATCA & FCPA and Regional Incentives appeared first on China Briefing News.
Starting next year, foreigners coming to China on short trips for work will need to apply for work visas in many cases, and submit additional documentation. The regulations implement a separate regime for artistic performers.
The post Additional Visa Requirements for Short Term Work in China appeared first on China Briefing News.
The State Council announced that three more Free Trade Zones (FTZ) will be established, based on the model of the Shanghai FTZ. The new FTZs will be launched in Tianjin, Fujian and Guangdong.
The post China Announces Three New Free Trade Zones in Tianjin, Guangdong and Fujian appeared first on China Briefing News.
While the Western news outlets have been full of stories the past few weeks of the coming collapse of the Russian economy, the China-Russia trade space will be one to watch during 2015, according to Chris Devonshire-Ellis.
The newest issue of Asia Briefing Magazine, "The 2015 Asia Tax Comparator", is out now and available for complimentary download from the Asia Briefing bookstore by subscribers. It is the sixth annual edition of this important publication.
The post The China-Asia Tax Comparator – Complimentary Issue of Asia Briefing Magazine Now Available appeared first on China Briefing News.
The first freight train arrived in Madrid from the Chinese trading city of Yiwu. As the seventh railway connecting China to Europe, it is the longest train route in the world.
The post Longest Railway in the World Now Connects China to Southern Europe appeared first on China Briefing News.
China Regulatory Brief: 2015 Tariff Implementation Plan and New Visa Requirements for Short-term Workers
In this week's China Regulatory Brief, we discuss China's 2015 tariff implementation plan, new visa requirements for short-term workers coming to China, the establishment of three new FTZs and the first bilateral APA signed between China and Switzerland.
China’s art and antiques market is the world’s largest, with 2013 sales exceeding US$8.5 billion, up 28.8 percent from 2012. In 2013, the overseas market for Chinese art and antiques was US$2.3 billion. Foreign art investors seeking to enter China's art auction market need to be concerned with distinguishing fakes, capturing deposits from affluent buyers and hiring professionals.
Since the Foreign Account Tax Compliance Act (FACTA) came into effect in early July, many Hong Kong based banks have been refusing to open new accounts for, and even shutting down the existing accounts of, American individuals and corporations.
The post Hong Kong Banks Shut Down U.S. Accounts Rather Than Deal with FATCA appeared first on China Briefing News.
The Chinese government has just released the holiday schedule for 2015. The schedule differs in several instances to 2014’s calendar, with no compensated leave day for Mid-Autumn festival due to proximity to National Holiday.
The post China Announces Official 2015 National Holiday Schedule appeared first on China Briefing News.
Investing in China's medical device industry requires investors to go through complex establishment process and obtain all relevant licenses. Foreign investors need to consider many issues, normally including tax, governmental procedures and permits, IP protection, legal liability.
The post Investing in China’s Medical Device Industry, Part 2 appeared first on China Briefing News.
China Regulatory Brief: IIT on Equity Transfer Income, ETF Stamp Duty Exemption, Financial Support for Trust Companies
China Clarifies IIT Rules on Income from Equity Transfer On December 7, China’s State Administration of Taxation (SAT) released the “Trial Administrative Measures on Individual Income Tax on Income from Equity Transfer (SAT Announcement  No.67),” which will take effect on January 1, 2015. According to the Measures, taxpayers shall pay the individual income tax […]
Foreign investors are under the highest level of scrutiny by the Chinese authorities in everything from adherence to business scopes to payment of tax. They exist under a “Level One” platform of systematic checks by the Chinese tax bureau. At the opposite end – Level Four – are China’s State Owned Enterprises – with the minimum level of scrutiny.
The newest issue of China Briefing Magazine, titled “Employing Foreign Nationals in China,” is out now and available as a complimentary download in the Asia Briefing Bookstore through the month of December. In this issue, we discuss the most up-to-date visa procedures for working in China, IIT liability for foreigners, and remitting RMB overseas.
The post Employing Foreign Nationals in China – New Issue of China Briefing Magazine appeared first on China Briefing News.
China Briefing Magazine reaches a significant milestone tomorrow with the publication of our 150th issue over a period stretching back 15 years. The new issue, titled “Employing Foreign Nationals in China”, will be available for download from the Asia Briefing bookstore tomorrow.
South China’s Qianhai Development Zone – or to give it its full title, the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone – has opened a 15 square kilometer incubator hub for entrepreneurs from Hong Kong and overseas, and in March of next year, plans to open a gold vault to supply Shenzen's jewellery factories.
The post Qianhai Development Zone Offers Incubators Free Rent & Low Taxes appeared first on China Briefing News.
As we move into 2015 and a Chinese Government that has pointedly singled out “Rule of Law” as a key point for debate, what are the major challenges foreign companies are likely to face in China next year? We put this question to Dezan Shira & Associates US attorney Chet Scheltema, Australian lawyer Richard Cant and the firm’s Chairman, Chris Devonshire-Ellis.
Investing in China’s medical device industry requires knowledge of several key regulations governing the industry, including China’s complex and idiosyncratic licensing scheme for medical devices. In this article, we highlight several of these, as well as provide the most up-to-date information regarding the industry’s place in China’s Catalogue of Industries for Guiding Foreign Investment.
The post Investing in China’s Medical Device Industry, Part 1 appeared first on China Briefing News.
China Regulatory Brief: Consumption Tax Reform, VAT on Financial Services, Support for Cultural Enterprises
In this week's China Regulatory Brief, we discuss the elimination of consumption tax on select items, plans to extend the VAT reform to the financial services sector, policy incentives for wholly foreign-owned institutions in the elderly care industry, and a broad range of preferential policies for the "cultural and creative industry".
The China-ASEAN trade corridor is one of the few remaining and dependable growth dynamics concerning investment and opportunities for business development impacting directly upon China growth.
The post Devonshire-Ellis: China-ASEAN Trade Routes Key for 2015 Development appeared first on China Briefing News.