Foreign business seeking to enter the Chinese market may prefer, or even find it in their best interests, to collaborate with a local partner. Commonly, foreign businesses able to accelerate the growth of their services or goods in China do so with a local partner who has established a market presence. In this manner, the…
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Under Company Law of the People’s Republic of China (revised 2018), the corporate governance of a limited liability company shall include shareholders, a board of directors and senior officers. Previously, we reflected on the corporate governance structure and responsibilities. Here, we focus on the importance of the board of supervisors or supervisor in a limited…
Read moreSummary On 31 August 2018, the Standing Committee of the National People’s Congress promulgated the revised Individual Income Tax Law of the People’s Republic of China (IIT Law). A revision of the IIT Law, last revised in 2011, was highlighted by the Ministry of Finance during the third session of the Thirteenth National People’s Republic…
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