How has corporate banking changed in China in 2023?

There is no Thrive in China Roundtable tomorrow, but you can review our 2023 roundtable recordings by registering here.

Wednesday, 24 May 2023

How has corporate banking changed in China in 2023?

A key consideration for your business in China will be choosing the right bank.?After careful consideration, be sure to sit down with a banker at the institution of your choice in China.?Openly discuss with them the demands that your China business will require, and make sure that you have a clear understanding of their financial capabilities within China.?Most banks will provide you with a good quality experience but understanding which is best for your business is a vital building block of your lasting success. In this roundtable session we will provide a guideline of questions for researching the right bank, tips on who and how you can operate your accounts from abroad and last but not least the complexities of handing inbound and outbound transfers in 2023.

Register here.

Wednesday, 31 May 2023

How the invoicing "fapiao" system works in China - what practical changes have occurred in 2023?

China operates a centralized invoicing system, known as the Golden Tax System, which restricts companies to issuing VAT invoices on government certified software, pre-numbered invoices and printers. The issuance of approved VAT invoices in China is strictly controlled by the tax authorities. Pre-approved paper invoices, fapiao’s, are provided by the Golden Tax System. It enables the government to track VAT payments and compliance, and it provides proof of the purchase of goods or services. In this roundtable, we will provide you with an understanding of the China VAT Tax system, the Invoice Fapiao System and the operational aspects surrounding VAT within your company. In addition we will highlight the current policies around e-fapiao's and how they might impact your operation in China.?

Register here.

Wednesday, 7 June 2023

Legal and Tax consequences of selecting your location in China

It is every real estate agents' mantra: Location, location, location. You have certainly heard the phrase enough and may wonder what inspires agents to say the word three times. Choosing a location for a new business, especially in such a large country as China, is one of the most important decisions companies make during the planning phase of launching their China ventures. There are several components one needs to look at when investigating cities and districts within cities, such as looking at the legal and tax issues, infrastructure, property levels, hiring capabilities, industrial clusters, your own network of suppliers and customers and relocation policies, to name a few. In this roundtable we will be looking at why choosing the right province, right city, right district is so important for the longevity and smooth operation of your China business.

Register here.