Suddenly, there is a lot of talk about APEC, especially here in Shenzhen. The streets are filled with flags and signs saying “APEC 2026” and “Welcome to Shenzhen.” Everywhere we look, there is something about it. It’s clearly a big deal. We’re hearing about temporary arrangements at certain schools and kindergartens. Drivers are being encouraged to leave their cars at…
What changed under China’s September 2026 immigration regulations? Personal Connect explains truthful visa declarations, remote work, family residence, tax obligations, employer requirements, and mandatory filing for immigration service providers.
6 March, 2025 The term “Shenzhen speed” isn’t just a catchy phrase—it’s a testament to the city’s ability to innovate, adapt, and grow at an unprecedented pace. This rapid transformation isn’t limited to infrastructure or technology; it’s also reshaping the opportunities available to foreigners in China. Up until just a few years ago, if you met a foreigner in China,…
7 January, 2025 We often receive questions from foreign clients or friends in China, asking us to explain the local income tax system. Many find it quite different from what they’re used to in their home countries, and understandably so. One of the most surprising aspects of the system is how tax liabilities fluctuate throughout the year. Even if your…
December 6, 2024 Social insurance is a critical component of China’s welfare system, providing essential benefits like healthcare, pensions, and work injury compensation. While it applies to all workers in China, expatriates face unique challenges when it comes to participation. This article aims to simplify the concept of social insurance in China, providing an overview of the system, what’s covered,…
14 September 2024 China to Gradually Raise Statutory Retirement Age Starting January 2025 China has announced a comprehensive plan to raise the statutory retirement age over the next 15 years, marking the first significant adjustment since the 1950s. The decision, adopted by China’s top legislature on September 13, 2024, aims to better utilize human resources and respond to the challenges…
In the early years of China’s opening-up, the concept of Permanent Residency seemed like a distant dream for foreigners. However, as China embraced globalization and recognized the valuable contributions made by expatriates, the doors gradually opened for those seeking to call this incredible nation their permanent home. Navigating China’s immigration system can be complex, with various visa options and residence…
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…
