Annual Operational Requirements to maintain a China and/or Hong Kong entity
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Welcome to ChinaInvest.biz Magazine - December 2011 Issue

ChinaInvest.biz is the editorial division of Klako Group and will be providing insight into investment, tax and operational issues for foreign companies entering and expanding throughout China.

In this issue we aim to not only provide existing Foreign Invested Enterprises in China and/or Hong Kong, but also investors looking to enter the Hong Kong and/or China market with guidelines on annual requirements for these types of entities. Many foreign invested enterprises are unaware of the annual regulations needed to maintain their entities in Hong Kong and China. Should these regulations not be adopted by companies, penalties may arise and ultimately closure could be foreseeable. It is important that all companies are aware and understand what these policies are.

Should you require further information, please contact our Directors at our Group Headquarters and/or China Headquarters.

 

Labor Law is a relatively new phenomenon in China, with the first comprehensive law passed
in 1994. The new law, adopted by the National People’s Congress (NPC) on 29th June 2007,
looked to redress some of the poor working conditions found in China, particularly for the
average worker. Prior to the passage of this law, most Chinese employee’s in small-medium sized
firms lacked employment contracts. Morever, they were short-term, giving employers the flexibility to
frequently bring in a new, often cheaper hires whenever they saw fit.


Annual Operational Requirements to maintain a China and/or Hong Kong entity


Once Foreign Invested Enterprises (FIEs) have been successfully established in Hong Kong and/or China whether in the form of a Representative Office or Limited Company, they tend to believe the biggest hurdle has been dealt with. However it is as equally important as during the establishment process to pay close attention to China’s ever changing laws and regulations when it comes to operating and maintaining the entity – especially in regards to the annual requirements.

To read the full article, please click here to view the magazine (PDF file)


If you require assistance with the above subject, please contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

All information in this report is verified to the best of our ability and is assumed to be correct at time of release; however, Klako Group does not accept responsibility for any losses arising from reliance on the information provided within.

 


Free Consultation with China and Hong Kong Legal & Tax Advisors

The directors of Klako Group will be travelling throughout 2012 to meet with partners and clients and to participate in trade and tax-related events. Should readers or clients of the firm wish to meet our directors face to face during their trips to discuss matters concerning China, Hong Kong and/or Singapore business investments, please contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Appointments will be made on a first come, first serve basis. The visits of our directors provides an excellent opportunity to all our readers to discuss first hand their own investment potential, opportunities and legal/tax updated for China, Hong Kong and Singapore in detail.

Please find here the tentative schedule for 2012:

January

Germany
11-14th: Heimtextil Frankfurt
16th: Munich
19th: Duesseldorf
27th: Cologne
28-31st: Paperworld, Frankfurt
29-1st of February: ISPO, Munich

Italy
9-13th: Milano
16th-18th: Torino
19-23rd: Bologna
24-25th: Florence
26-27th: Rome

February

Germany
1st: Hannover
3rd: Cologne
1-6th: Spielwaren Messe, Nuernberg
8-10th: Fruit Logistika, Berlin
10-14th: Ambiente, Frankfurt
15-18th: Biofach, Nuernberg
20-22nd: Hamburg

Belgium
8-10th: Brussels

March

Germany
4-6th: Prowein, Duesseldorf
4-7th: Eisenwarenmesse, Cologne
6-10th: CeBit, Hannover

France
19-22nd: Paris
26-29th: Lyons

United States
10-13th: Housewares Show, Chicago