Our collection of resources based on what we have learned on the ground
Resources
Q&A
What aspects should foreign-invested enterprises (FIEs) pay attention to in tax ...
- January 2014
- Free Access
All foreign-invested enterprises should pay attention to the following: The FIEs should submit the Annual Taxation Consolidation Reporting Package, which is authorized by the CPA firms, to the tax bureau by the end of May each year. The FIEs shou...
Q&A
What are counted as deductible expenses for foreign-invested entities under Chin...
- January 2014
- Members Access
The following items count as deductible expenses for foreign-invested entities in China: Advertising and business promotion expenses – they are deductible up to 15 percent of the sales income of that year; Business entertainmen...
Q&A
How are asset losses defined in China for annual compliance purposes and how sho...
- January 2014
- Free Access
Asset losses include the following items: Monetary assets loss – i.e.: losses of cash, bank, account receivables, prepayments; Non-monetary assets loss – i.e.: losses of inventory, fixed assets intangible assets construction in proces...
Q&A
How should withholding obligations be discharged for annual compliance in China?
- January 2014
- Members Access
When expenses are incurred for services rendered by foreigners in China, withholding obligations will arise, and such obligations shall be so arisen on an accrual basis. When such obligation arises, as of current legislations, 10 percent withh...
Q&A
What are non-deductible expenses in China for annual compliance purposes?
- January 2014
- Free Access
The following items are not deductible under Chinese laws for annual compliance: Management fees paid between enterprises; Rental and royalty fees paid between business units; Interest paid between business units of a non-bank enterprise; Provi...
Q&A
What is a private limited company under the laws of Hong Kong?
- January 2014
- Free Access
The Hong Kong Companies Ordinance states that a private limited company is a company, whose articles of association fulfills the following functions: Restricting the right of shareholders to transfer shares; Limiting the number of shareholders to...
Q&A
What requirements must be complied in order to set up a company in Hong Kong?
- January 2014
- Free Access
There are a number of conditions that must be followed in order to establish a private limited company in Hong Kong: 1. On director and secretary: There must be at least one director and one secretary; If the company has only one director, that ...
Q&A
How to choose company name for setting up a company in Hong Kong?
- January 2014
- Free Access
Normally, as many would say, the first step to setting up a company in Hong Kong is to choose a company name. All these company names can be found in the Companies Registry. The chosen company name cannot be any name that is already existent in the R...
Q&A
How to incorporate and register a private company in Hong Kong?
- January 2014
- Free Access
Hong Kong prides herself in combining the company incorporation and business registration into one step, which hugely facilitates investors to commence their operation as soon as possible. Thus, any persons who are applying for incorporation of a loc...
Q&A
What requirements are there for memorandum and articles of association of settin...
- January 2014
- Free Access
First and foremost, both the memorandum and articles of association must be signed by each and every founding member of the company. The memorandum of a limited company, be it limited by shares or by guarantee upon bankruptcy, must state that all sha...
Q&A
What are the basic requirements for annual compliance for limited company under ...
- January 2014
- Members Access
There are two basic requirements: Annual general meeting; and Annual return filing. Annual general meeting must have the following contents: A presentation of profit and loss account; A presentation of balance she...
Q&A
What are the requirements on personnel on setting up a private limited company i...
- January 2014
- Members Access
For a foreigner to establish a private limited company in Singapore, a professional service firm must be engaged to register on behalf of the company. The definition of foreigner would mean anyone that is: A holder of non-Singaporean National Regi...
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