The importance of the legal representative of a China-based company is too often overlooked. At Horizons, we often encounter companies who underestimate the role and responsibilities of the legal representative, which may raise the risk potential for both the individual and company. The General Principles of the Civil Law of the People’s Republic of China…
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On 25 December 2018, China’s National Development and Reform Committee (NDRC) released its Negative List for Market Access (2018 Version). The Negative List is a list of industries in which foreign investment is either prohibited or restricted. The list’s objective is to ease market access for foreign investment by relaxing or removing restrictions; it applies…
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On 24 December 2018, the China State Administration for Market Regulation issued the Notice of Activation of the New Business License Version, Business and Industry Enterprise [2018] No. 253 (Notice 253). From 1 March 2019, entities approved by the registration authority for business registration, business amendments or reissue of a business license shall be issued…
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Protecting trademarks is a crucial first step for any foreign company looking to do business in China. Often, foreign companies fail to protect their trademarks holding to the misconception that there’s a lack of intellectual property enforcement in China. However, the People’s Republic of China has been a member of the World Intellectual Property Organization…
Read moreIn China, the invoice — or fapiao (发票) — is an essential component of the State Administration of Taxation (SAT). In accordance with the Administrative Measures of the People's Republic of China for Invoices (revised in 2010), invoices refer to the certificate of payment or receipt of money made or received in purchases and sales…
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