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Using China WFOEs in the Service and Manufacturing Industries
In this issue of China Briefing Magazine, we provide a detailed overview of the WFOE establishment procedures as well as outline the typical costs associated with running these entities in China. We hope that this information will give foreign investors contemplating entry into the Chinese market a better understanding of the time and costs involved.
Suzhou, Home to China’s Largest Service Outsourcing Industry
Service outsourcing has helped Suzhou transform from a city that manufactures to a city that creates. The industry began in the early 1990s and has expanded rapidly since the 2000s. Within two decades of the industry’s expansion, the amount of offshore service outsourcing in Suzhou has increased to an impressive record of 9.1 percent of […]
Trading with India
This issue of India Briefing Magazine, Trading With India, focuses on the dynamics driving India as a global trading hub. Within this issue, you will find tips for buying and selling in India from overseas, as well as how to set up a trading company in the country. India is poised to become a major global sourcing center, and we hope this issue both educates and informs our readers how best to approach this growing market.
Changzhou National High–Tech District
Located just 80 kilometers from Suzhou, the Changzhou National High-Tech District (CND) maintains a strategic position in the heart of the Yangtze River Delta. After two decades of development, CND was ranked first among the “Top 10 Chinese Parks with the Greatest Potential in 2011.” It currently covers an area of 439 square kilometers and […]
Social Insurance, Housing Fund, and Minimum Wage Adjusted in Suzhou
Foreign-investors doing business in the Suzhou area should be aware of three important changes made by the respective local government bureaus on social insurance, housing fund, and minimum wage – all of which are effective from 1st July 2013. Suzhou City’s Social Insurance Contribution Base Adjustment The Suzhou City government provided a notice that, starting […]
Adam Livermore Makes Dezan Shira & Associates Partner
Adam Livermore has been made an equity partner of at Dezan Shira & Associates. Adam has been with Dezan Shira & Associates since 2006 and initially took over the firm’s Dalian office when it was a small practice. It has now developed into a sizable and profitable payroll services unit in addition to its business […]
Suzhou Increases Mandatory Social Insurance Contribution Cap
Jun. 18 – A topic of great interest for the business owners in China is social insurance. This is a mandatory contribution that both employer and employee make to the Government and it can make the cost of hiring an employee rise up to 45 percent higher than the gross amount payable. Nevertheless, a contribution […]
Re-evaluating Your Vietnam Representative Office
This issue of Vietnam Briefing examines ROs – the processes of working with them, and the rationale for either upgrading or closing them. We explain not just how to close up your RO, but also list out the common reasons for doing so. In addition, we include detailed instructions and timelines on how long it takes to upgrade or close up shop.
Indian Gov’t Boosts Export Incentives
Last week, the Indian government announced a variety of measures to boost India’s exports, including added benefits to special economic zones (SEZs), and a slew of incentives for exporters.
India To Establish National Investment and Manufacturing Zones
The Indian Government has granted in-principle approval for the establishment of 12 National Investment and Manufacturing Zones (NIMZs) throughout India. According to the official press release from the Indian Ministry of Commerce and Industry, India seeks to create industrial townships which will be benchmarked to be the best manufacturing hubs in the world.
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