Open Company in China: China Eases Company Registration Rules for Foreign Companies

Foreign-invested companies in China will see an easing of company registration requirements based on the principle of national treatment, according to according to Zhang Mao, head of China’s State Administration of Industry and Commerce (SAIC). He also clarified that those policies also apply to foreign businesses.

Based on the national treatment principle, foreign companies are entitled to the same policies as their Chinese counterparts enjoy, meaning, when the Chinese government eases the setting-up requirements for Chinese companies, foreign investors should receive the same treatment.

The reform of the company capital registration system includes the following areas:
*     Lowering the registered capital requirements for setting up a company; 
*     Replacing the current annual inspection system of enterprises with an annual reporting system; 
*     Relaxing business premise registration requirements for market players; 
*     Facilitating the establishment of an enterprise credit system; and 
*     Promoting the subscribed capital contribution registration system.

China will relax the thresholds of registered capital, the minimum registration capital of RMB30,000 for limited liability companies will be canceled, as well as the RMB100,000 minimum for single shareholder companies and the RMB5 million minimum for joint stock companies. Besides, the requirements for business premise registration will be simplified.

Moreover, measures will be taken to reduce the costs of business set-ups, and meanwhile, efforts will be made to build an integrity system whereby enterprises that violate the law will be put on a “blacklist” and be announced to the public.

The reform aims to lower market entry requirements while reinforcing the responsibility of market players. It is also part of the central government’s commitment to move away from the current “emphasizing approval while neglecting regulation” mode to “easier market access and reinforced supervision” mode.

The number of foreign companies newly established in China this year stood at 16,351 as of September 2013, representing a 9.29 percent decrease compared with the same period last year.


Touch Law Firm, as faithful partner to international enterprises and individuals, is dedicated to providing with professional investment solutions in China, including company registration, tax & accounting, intellectual property and China visa consulting etc. With more than 120 experienced consultants, accountants and other professionals we have rendered services to over 3,000 clients from more than 60 countries and regions around the world.

Touch Law Firm, Your Key to China. Contact us by calling at +86-20 8355 5515 or visit our website: www.touchlawfirm.com

Please like our facebook page: https://www.facebook.com/TouchLawFirmInGuangzhou

China Work Visa: Illegal Foreign Worker Expelled from China

A foreigner in Beijing has been given a 7-day detention and a fine of 6,500 yuan ($1,070) for traffic violations and illegal employment and will be deported along with his father after serving the term, said police.

The foreigner, whose nationality and name haven't been disclosed, hit a middle-aged Chinese woman at the Zuojiazhuang intersection in Chaoyang district when riding a scooter on Dec 2.

The man was also detained for 7 days and fined 1,500 yuan for other breaches of the traffic regulations, as during their investigation into the accident the police found the foreigner had neither a driving license nor a motorbike plate and he was carrying a passenger on a scooter.

Police also found that the man and his father were working illegally. So he was detained for another 5 days and fined 5,000 yuan; his father was detained for 14 days and fined 10,000 yuan. The company that illegally hired the pair fined up to 20,000 yuan. Both the man and his father are to be deported on their release, the police said.

The police said expatriates in China should comply with the country's laws and regulations. Police protect their rights, but they will also keep lawful management of them and crack down on illegal behavior to maintain social order.

Every country is happy to see foreign visitors whose activities comply with the local laws, but unreliable foreigners should not be made welcome.

But although offenders are subject to criminal liability and deportation, the financial penalties are not severe. Under the provisions of the exit-entry law, foreigners staying in the country illegally may be given a warning before being fined, or a 500 yuan fine levied for each day they overstay. In severe cases the fine may be as high as RMB 10,000 and individuals could face detention for a period of between 5 to 15 days, and employers may be fined RMB 10,000 for every illegal foreigner they employ up to a maximum fine of RMB 100,000. Any monetary gains that have resulted from the employment of such individuals will also be forfeit.

So, if you are working in China, you had better get a resident permit (also known as work visa, z visa) to work legally. Touch Law Firm provides you professional visa consulting services. If you are interested in residence permit, please contact us by visiting our official website: www.touchlawfirm.com or email to infor@touchlawfirm.com to know more information.

China Company Registration:Wholly Foreign-Owned Enterprise Enjoy Great Investment Potential in China

The Wholly Foreign Owned Enterprise (WFOE) is a limited liability company wholly owned by the foreign investors. After China's entered into the WTO, the WFOE is increasingly being used for service providers.

WFOE has great potential in China as companies seek new markets. In 2014, China will be the world’s top investment destination.

The advantages of incorporation a WFOE, compared with other types of enterprises, include, but not limited to:
•    Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner.
•    Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to their customers in RMB and receive revenues in RMB.
•    Protection of intellectual know-how and technology. 

Touch Law Firm, as faithful partner to international enterprises and individuals, is dedicated to providing with professional investment solutions in China, including company registration, tax & accounting, intellectual property and China visa consulting etc. With experienced consultants, accountants and other professionals we have rendered services to over 3,000 clients from more than 60 countries and regions around the world.

Touch Law Firm, Your Key to China. Our services include: company registration, tax & accounting, intellectual property & China visa consulting, etc.Contact us by calling at +86-20 8355 5515 or visit our website: www.touchlawfirm.com

Please like our facebook page: https://www.facebook.com/TouchLawFirmInGuangzhou

Top Benefits for Opening Hong Kong Company

The offshore company registrations will be still alive in 2013. According to the data released by the Registrar of Companies in Hong Kong, as of the end of 2012, the total number of Hong Kong local companies in the register of companies reached 1,044,600, compared with 955,400 in 2011; growth rate is more than 9%. (Source: HK Gov)

Here, we would like to share the benefits of why registering a Hong Kong company.
1. Significantly international status to promote corporate branding and image
2. Low registered capital without verification
3. Less restrictive of operating range
4. Low-tax environment
5. Convenient to use and exchange foreign currency
6. Freed choice of company name

Touch Law Firm provides you professional services of Hong Kong Company Registration, Bank Account Opening, Tax&Accounting, etc.We have office in Hong Kong, Guangzhou, Yiwu and Shanghai.

For more information, please visit www.touchlawfirm.com or email to info@touchlawfirm.com to contact us.

Small, Micro Enterprises in China Enjoy VAT&BT Exemptions

In July’s State Council meeting held by Chinese Prime Minister Li Keqiang, it was decided that all eligible small and micro-sized enterprises in the country will be temporarily exempted from value added tax (VAT) and business tax (BT) starting August 1, 2013. The policy is only temporary for now, but the State Council has announced that a similar long-term policy is currently being worked on.

This temporary policy basically allows eligible small and micro-sized enterprises to now enjoy the same tax policies as sole proprietorships, and the State Council has estimated that the new policy will benefit more than 6 million small and micro-sized enterprises with regards to employment and revenues. Specifically, it calls for small-scale VAT taxpayers and BT taxpayers (i.e., ones that achieve less than RMB20,000 in total monthly sales) to be exempted from VAT and BT beginning August 1.

It was also pointed out at the meeting that the large number of small and micro enterprises in China – most of which are private enterprises – are likely to play an important role in boosting the country’s economic development and also bolstering employment rates.

Touch Law Firm is a specialist for company registration, tax & accounting, providing Guangzhou company and Hong Kong company establishment, business advisory, tax advisory and compliance, accounting and financial review services to investing in China. We have operational offices in Guangzhou, Hong Kong, Shanghai and Yiwu.

For further details, please visit: www.touchlawfirm.com email to info@touchlawfirm.com or call (+86)020-22092524.

2013 China Sourcing Fair in Hong Kong for Electronics & Components is Ready

2013 China Sourcing Fair: Electronics & Components
Meet China suppliers of electronics & components in convenient Hong Kong
Location: Asiaworld-Expo. Hong Kong
Duration: October 12-15, 2013

Main Exhibitors
90% exclusive exhibitors, including

Main Products At the Show
●Computer Peripherals
●Mobile & Wireless iProducts Accessories
●Personal Digital Electronics

How to Go to the China Sourcing Fair
Getting to the China Sourcing Fair is easy. You can take the Airport Express Train, Taxi, MTR, shuttle bus or other transportation options.

Hong Kong Visa
According to the Hong Kong Immigration Department, visitors of most foreign countries (For example, Kenya, Armenia,Angola,Afghanistan,Azerbaijan,etc.) can enter Hong Kong without applying for a visa.

In the case where a visa is required, you can submit your applications directly
to Touch Law Firm.

For more information, please call: 020-8355-5515 or visit www.touchlawfirm.com
Plan Your Sourcing Trip Right Now

Touch Law Firm Ramadan Gala Dinner Night for Our VIP Clients in 2013

On Aug 1 evening, Touch Law Firm successfully hosted the 2013 Touch Ramadan Gala Dinner Night at bosphorus premium (Turkish restaurant) with the topic: Your Business Life in China.

This was one of the traditional activities of Touch Law Firm and was prepared for our VIP clients.

It was a wonderful evening. Started by Mr. Jimmy Li, the managing director of Touch Law Firm as well as the vice president of GCOIC, Guangdong Chamber of International Commerce, our clients and their partners or friends not only enjoyed a delicious meal but also a short entertainment performed by Touch. It was the show time for how to make Chinese tea and lucky draw.
Welcome Speech


Besides that, the Business Unit Director of Touch Law Firm Mr. Harvey Chen shared some important tips of doing business in Guangzhou followed by Mr. Jalil, who shared his business experience with Touch.

All in all, what Touch Law Firm wanted to express was the sincere thank-you to the client’s business support and found more business solution to them.

We are looking forward to see you in 2014.

Reception


Speech Of Mr. Jalil


During The Dinner


Our Team


About Touch Law Firm:
Touch Law Firm is dedicated to provide international corporation and entrepreneurs with professional investment solutions in China. Our services:Company registration, tax&accounting, trademark registration and Chinese visa consulting.

Touch Law Firm - Assist Your Business Trip & Investment in China

With no doubt, China is the hottest place to invest in, due to her large amount of economic resources and the most populous consumption market in the world.
Want to get your business started here? Obtaining a China visa legally is your first step.

Touch Law Firm is dedicated to assist foreigners and foreign companies of business travel and investment in China. Our services include China visa, incorporation, tax and accounting. Our 1,000+ corporate clients are from 60+ different countries and districts.

We have our offices in Guangzhou, Yiwu and Hong Kong, and offices in Beijing, Shanghai and Shenzhen will be ready in the near future.

Company Registration:
1. WFOE
Who would prefer wholly foreign-owned enterprise? Enterprises that wish to do business in China, such as manufacturers, trading companies, consulting firms and restaurants.
2. Representative Office
Setting up a representative office is the best solution for some foreign enterprises that have just entered China to explore the Chinese market.
3. Hong Kong Company
When you wish to set up a representative office in China without an overseas parent company, you may set up a Hong Kong company as your parent company;
When you wish to open a local bank account in Hong Kong;
When you wish to do business in Hong Kong.
4. Partnership Firm
Establish partnership firm is the easiest way to do business in China.

Tax and Accounting:
1. Annual Audit and Renewal
Annual audit or renewal is a must for every Chinese company.
2. Tax and Accounting
It would not only makes you convenient and efficient but also save you 50%-80% of the cost (compare with hire a full-time accounting).
3. Bank Accounts Opening
We work with HSBC, Hang Seng bank, ICBC, ABC, Bank of China etc.

Intellectual Property:
1. Trademark registration
A registered trademark is protected as the intellectual property rights in China.
2. Patent Application
Help you apply patents in China or in a forgner country or region.

Visa Services:
1. China visa
China entry visa
China visa renewal
2. Residence permits
Residence permit is issued to an alien working or studying in China, entitling the holder to legal stay in and multiple entries into China.
3. Hong Kong visa

Other Service:
1. Documents notarization & authentication
2. Driving License
To drive in China, you need a Chinese driving license, we can assist you to obtaining a Chinese driving license quickly.

If you are interested in our services, please visit our website to read more.
http://www.touchlawfirm.com

How to Get a Invitation Letter for Business Visa to Do Business in China?

People who had experience applying a visa know that standing in line to get a business (F) visa to China from China Embassy or Consulate in your country is never easy. Especially if you come from Iraq, Iran, Nigeria, Pakistan, Akghanistan, Sri Lanka, Indian, Egypt, Arab, Syrian, Yemen, Tunisia, Palestine, Libya, Bangladesh, Maori Tania, Cameroon and other countries from Africa. It's a little bit trickier than applying a tourist (L) visa. Because you need to get an invitation letter from China to apply for a F visa to enter China.

Inorder not to be rejected by the Embassy, you can ask your China office to organize an invitation letter for you. If you don't have an office in China, work with one of the companies you have relationship with to get the letter for you. But the safest and most guaranteed way is to get a invitation letter from a organization that is authorized by the Chinese government, which you can't get one by yourself. So, you had better find a professional visa agent like HiTouch Consulting can help you. We can not only offer you invitation letter for business visa to China from company but also from a official authorized organization. What's more, we can also process a Chinese visa for you.

China visa services include: Chinese visa application, China visa extension and invitation letter for business visa or tourist visa.

If you are backpacking or traveling to China but can't get a invitation letter for business visa, do not hesitate to contact us.

Touch Consulting - Make Business Easy!
Website: www.hitouchco.com

Tel: 8620-8355 5515
Email: info@hitouchco.com
Address: Room 1909, Office Floor, Asia International Hotel, No. 326 Huanshidong Rd., Guangzhou, China

China Invitation Letter for Nationwide People:
Nation Available: Singapore, Japan, South Korea, Australia, Norway, Brunei, Bosnia and Herzegovina, Thailand, Portugal, Slovenia, Denmark, Sweden, Finland, New Zealand, Serbia, Canada, Germany, the Netherlands, Holland, Iran, India, Italy, Ireland, Indonesia, Belgium, Austria, Switzerland, Skocjan Caves, Spain, Slovakia and the Czech republic, Peru, Paraguay, Philippines, Estonia, Latvia, Hungary, Bulgaria, Latvija, Malaysia, Uruguay;

Armenia, Azerbaijan, Britain, Brazil, Mexico, Venezuela, Burundi, Burkina Faso, Botswana, Chad, Comoros, Romania, Lithuania, Equatorial Guinea, Eritrea, Ethiopia, Columbia, Djibouti, Gabon, Greece, Lesotho, Cote d'Ivoire, Mauritius, Madagascar, azerbaijan, Albania, Mozambique, Morocco, Namibia, Seychelles, Tunisia, Benin, Togo,Ukraine, Bolivia, Ecuador, Chile, Armenia, Guinea Bissau, Panama, Kenya, Malawi, Moldova, Russia, Sudan, South Sudan, Swaziland, Senegal, Tanzania, Zimbabwe, Zambia, Burundi (male and female) 

How to Get a China Visa on Arrival from Hong Kong?

I come from Indonesia, and I've never been to China before and plan to visit Guangzhou, China for business this year. I've heard that we can apply for Visa on Arrival in HongKong to enter the mainland of China. My questions are:

1. Can I also enter Guangzhou by using that visa?
2. How many days can I stay in China (Guangzhou and Shenzhen) by using that visa?
3. How much does it cost and how long does it take to get that visa ready to be used since the moment I apply it? (let's say I come very early on that day).

Thanks so much!
ps: I don't want to apply for visa to China in Jakarta but Hong kong since I stay far from Jakarta.

Someone will probably come on and give a better answer, but here is what I know.

You have separate Visa's for Hong Kong SAR to mainland China, but once you get you China visa that allows you to travel to all parts of China that aren't listed as SAR. That is most places, including Guangzhou and Shenzhen. You can apply for a China visa in Hong Kong. I did mine through a visa agency called HiTouch Consulting, I imagine you can do the same. From memory, the visa is different prices depending what country your from and how long you wanna stay there. At least, I know the Americans had to pay more that what I did (hahaha). I can't remember how much I paid (not too much though), and I'm not on an Indonesian passport any way, so its probably different.

There is a difference between applying for visas in Hong Kong and your own country. If you apply in your own country, you can get a 6 months multiple entry visa that allows to to travel in and out of China as many times as you like within those 6 months. In Hong Kong you can only get single or double entry visas valid from 3 months to 1 year long. What is more, China visa is much more easier to apply in Hong Kong than in your own country.The biggest strongpoint of applying a China visa fromHong Kong is all things done in one day. These different visa types have different costs attached. If you are interested in the visa service of HiTouch Consulting, you can visit: www.hitouchco.com

China visa on arrival from Hong Kong in one day:
Nation Available: Singapore, Japan, South Korea, Australia, Norway, Brunei, Bosnia and Herzegovina, Thailand, Portugal, Slovenia, Denmark, Sweden, Finland, New Zealand, Serbia, Canada, Germany, the Netherlands, Holland, Iran, India, Italy, Ireland, Indonesia, Belgium, Austria, Switzerland, Skocjan Caves, Spain, Slovakia and the Czech republic, Peru, Paraguay, Philippines, Estonia, Latvia, Hungary, Bulgaria, Latvija, Malaysia, Uruguay;

Armenia, Azerbaijan, Britain, Brazil, Mexico, Venezuela, Burundi, Burkina Faso, Botswana, Chad, Comoros, Romania, Lithuania, Equatorial Guinea, Eritrea, Ethiopia, Columbia, Djibouti, Gabon, Greece, Lesotho, Cote d'Ivoire, Mauritius, Madagascar, azerbaijan, Albania, Mozambique, Morocco, Namibia, Seychelles, Tunisia, Benin, Togo,Ukraine, Bolivia, Ecuador, Chile, Armenia, Guinea Bissau, Panama, Kenya, Malawi, Moldova, Russia, Sudan, South Sudan, Swaziland, Senegal, Tanzania, Zimbabwe, Zambia, Burundi (male and female)

China Visa Service:Touch Law Firm Help You Get a China Visa Easily

We are a visa processing centre in China. We help you get business and tourist visas to China.

You could avoid going to the consulate yourself, standing in the queue and worrying about numerous application forms. Our consultants are fluent in English and will take care of all the hassle of applying for a China visa, thus preserving your precious time for more enjoyable preparations for your next trip.

Our qualified staff have been specialising in obtaining visas worldwide for many years. They have plenty of experience in solving even the most complex tasks. Applying for a China visa can be a very troublesome and confusing process; the smallest mistakes can lead to refusal.

We on the other hand guarantee you the highest level of our work, which reduces to a minimum the probability of refusal of a visa. Our activities are built on the high competence, dedication of our team members and an individual approach to every single client.

Touch, you key to China.

Easiest Way to Get a China Visa for One Year

What's the Easiest Way to Get a China Visa for One Year?
what kind of visa is best if I want to stay one year in China? What are the requirements? I have no degrees. So what kind of work can I get with work visa or maybe I can open a buisnes?

I'm going to China this year and I want to know the easiest way to get a China visa to stay there for one year long. If you are in the similar situation, the purpose of this post is to save you time hopefully.

Generally speaking, you need to apply for a China visa from the nearest Chinese consulate or embassy. You will have to fill in a form, provide an ID photograph, and let them keep your passport (valid for at least 6 months after intended entry date) for less than 5 days. For USA passport holders it's nowadays more difficult and costly to get the China visa. They should get it at home, or find a agent to help. I assume you go there as a tourist and you only need one entry.

If you go there for business you may ask your business partner to provide an invitation letter, which you will have to submit with the application form. Without a invitation letter, you are not able to get a China visa is you come from America, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Arabia, Syrian, Yemen, Palestine, Alger, Libya, Morocco, Tunisia, South Sudan, Sudan, Mauritania, Somalia and so on. No matter you come to China for tourist, work or business.

The easiest way to get a China visa is to use a agency. China is one of those countries which prefers that you use an agency to process your visa. I have used HiTouch Consulting (website: www.hitouchco.com ) before so I chose them, and besides they have offices in Guangzhou, Yiwu and Hong kong. Thus they don't need to keep my passport. Just providing a scanned copy of my (valid) passport and a 2 inch photograph of mine, they can get a one year China visa for me. If you have been to china before, you must include a photocopy of your previous visas. Of course, they don't work for free but they charge low fees. Also, the one that helped me who has become one of my friend told me that if I introduce friends who need China visa to him, he will charge less. So, you may contact me for more information. Email: info@hitouchco.com or call at: (8620)8355 5515.

My whole point in posting this entry is so you will not make silly mistakes as i did before (Did a lot of things to apply for a visa in China consulate and waiting for being rejected for several times). China's whole procedure is crazy and they mean what they say so be careful in your prep. Thank god i used HiTouch or i might have even lost my job I found in China when the application was rejected for times. So the fee is worth it i guess--or in my case.

Why & How American Need to Get China Visa to Go to China?

If you are an American citizen and you will be flying from the New York to China, is he required to get a China visa to do that?

Yes, a China visa is required for an American citizen to visit mainland China. However, if you will not be exiting the airport in China, such as if you have a connecting flight to another country, then you do not need a China visa. Also, Hong Kong, Macau, and Taiwan do not require a visa from American citizens.

All visitors traveling to mainland China whether for business or pleasure, require a visa. The best way to make sure you can go to China successfully is to get a China visa first and make a flight reservation later.

Chinese authorities expect you to obey the terms of the visa. This means if you have go to China on a tourist visa, you cannot work or become a full-time student. If you violate the terms, you could be fined or imprisoned. If you are plan to go to China to do business or just stay longer there for a long time, you need to get a business (F) visa.

You can apply for a China visa either through the Chinese Embassy or Consulates and your passport will be kept. As for time, it depends on what kind of service you will choose. Or you can find an agent to help you to apply for China visa and the agent will charge some money for the visa service. Unless you live near a Chinese embassy and you decide to apply your visa yourself, then it will cost less. What's more, applicants should submit the application to the Visa Office of the Embassy or Consulate-General which holds consular jurisdiction over the state where you are resident; For the ones that can not head personally, they could entrust friends, travel agents or visa agent to deal with the application for them. No mailed application is accepted.

Tourist (L) visas for China will vary...Some allow you to enter as much as you like, while others will only allow you to enter one or two times. Also, the length of time you can stay in China per entry varies...30, 60, 90, 120 days etc.

It usually takes 4-5 five working days to apply a visa successfully.

People who holding a business (F) visas for China can stay in China continuously during the visa vilidity(6 months, 1 year). Business (F) visa is different from tourist (L) visa. It is a bit more complicated and difficult to apply on your own. Because you need to get a invitation letter from China government to apply a China business (F) visa. And most of American can't get a However, the China visa policy will be changed since July 2013, because of the establishment of (Exit-Entry Administration Law of the People's Republic of China), which means you might have lower chances to get one year China visa from then on. So, if you want the 1 year China visa, please contact us as soon as possible, we can help.

Our offices located in Guangzhou, Shanghai, Yiwu, and Hong Kong.

Touch, your key to China.

Hope you good luck!