In China, all capital contributions from shareholders shall be examined and verified by a legally established capital verification institution. Verifying capital contributions and certification is mandatory for the company establishment. And cannot be skipped or inaccurately verified, otherwise the establishment company will face legal liabilities. We provide the aspects to consider when conducting the capital…
Read moreAuthor: Horizons
From 8 January 2023, China dropped mandatory quarantine for inbound travelers and opened its borders. It's time for a 2023 legal health check! For the first time in 3 years, international travelers can utilise the 24/ 72/ 144 visa-exemption transit policy for short business trips. And Chinese nationals can freely travel aboard. For many European…
Read more
From January 1, 2023, the following China tax changes applies to companies: High-Technology Companies For those who purchased new equipment and appliances between October 1, 2022, and December 31, 2022, a lump sum deduction is allowed in the calculation of taxable income for the current year. 100% super-deduction before tax is allowed Research and Development…
Read more