Explore insightful articles and blogs on recruitment, HR, and business in China. Our team of experts shares valuable tips, trends, and industry insights to help you navigate the dynamic landscape of human resources and recruitment in China.
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Explore our blog posts and articles below to enhance your understanding of the Chinese job market and recruitment landscape. If you have any questions or would like to contribute to our blog, feel free to contact us.
In order to ensure legal compliance in China, human resources and recruitment firms are mandated to obtain a specialized Human Resources license from the relevant governmental department in the designated city. Specifically, the required license is known as the “Human Resources Service License” (人力资源服务许可证), which is issued by the Ministry of Human Resources and Social Security of the People’s Republic…
Originally posted on April 30, 2023 China is known for its booming economy, and it is no surprise that many foreign entrepreneurs are interested in setting up their businesses in the country. Registering a company in China can be a great way for foreigners to take advantage of the country’s growth and gain access to its vast market. Shenzhen, in…
Foreign companies that wish to do business in China must have a basic understanding of the country’s accounting and taxation system. China has a complex regulatory environment, and non-compliance with regulations can lead to serious consequences for foreign companies. In China, the accounting system is based on the Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS).…
Recruiting top talent in China can be a challenging task for foreign companies due to language barriers, cultural differences, and the competitive talent market. However, with the right approach and support, it is possible for foreign companies to attract and retain high-quality employees in China. One key consideration for foreign companies is to have a thorough understanding of local market…
China is one of the largest and fastest-growing markets in the world, and many foreign companies are eager to establish a presence there. However, understanding the tax system can be challenging, particularly when it comes to corporate taxes. Corporate income tax (CIT) is levied on the taxable income of companies operating in China, regardless of their nationality or ownership structure.…
Ministry of Finance and State Administration of Taxation Announcement No. 15 [2022] In order to further support the development of small and micro enterprises, the relevant VAT policies are hereby announced as follows: From April 1, 2022 to December 31, 2022, small-scale value-added tax taxpayers are subject to a 3% taxable sales income and are exempt from value-added tax; prepaid…
Great news for Futian based businesses on how the government can help you financially during the recent epidemic prevention measures. I will talk about different subsidies that you and your business might qualify for.1. RENT REDUCTION For tenants who rent state owned properties, rent is free for March and 50% of rent for April. For tenants who rent private properties, The government will reimburse…
The following announcement was released on the 14th of March, 2022, by the Ministry of Finance and the State Administration of Taxation. The announcement was published on their official website on March 18, 2022. To access the original Article, scroll to the end of the article, and Scan the QR Code to follow the link to the Government Website. “ANNOUNCEMENT ON…
