Author: Horizons

Business Operations 101: How to open a company bank account in China under constraints related to the coronavirus pandemic

At Horizons, we encounter numerous queries about opening a company bank account in China, especially during the COVID-19 pandemic. For practical purposes, a company bank account should be opened upon the receipt of the business license. For foreign companies operating in China, two accounts should be opened in order for a business to commence with…

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Don’t get caught with your guard down — global data protection is a serious matter for foreign-invested businesses operating in China

In global business, the obligation to protect valuable data is paramount for enterprises.  This month marks the third anniversary of the Cybersecurity Law of the People's Republic of China (CSL). Equally, last month was the second anniversary of the General Data Protection Regulation (GPDR). Since the implementation of these measures, enforcement of both has continued…

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How foreign companies can transition to the digital era of doing business in China

In years past, regulatory procedures for entities in China involved trips to various governmental offices, not to mention extensive paperwork. More recently, administrative procedures have migrated to an online administrative system, which has accelerated the ease of business. Corporate documents and seals, which legally bind a company to a contract or are required for corporate…

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China Visa update: China opens borders to select foreign nationals from 36 European countries

Effective from 12 August 2020, the People’s Republic of China in cooperation with select European countries have jointly adopted a policy for foreign nationals to return to work in China (“Policy”). The change was announced via the Embassy of the People’s Republic of China in Denmark on 10 August under the heading Visa Facilitation for…

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Under the direction of Premier Li, China sets actions to strengthen its business environment

Over the years, China’s governmental procedures for the incorporation of companies and corporate administration have been simplified to accelerate and strengthen doing business in China. Despite the onslaught of COVID-19 and its economic effects, the objective of optimising the business environment for both domestic and foreign companies in China remains unchanged. If fact, the State…

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