Index

ABC Consulting (Shanghai) LTD, 90

Annual cooperative examination, 121–122

Approval Certificate and Business License, 94–95

Articles of association, 79–80

Association of South East Asian Nations (ASEAN), 107

BeiDou, 51

Belt and Road Initiative (BRI), 1, 21–26, 49–51

Branch office, 108

Bureaucracy, 126

Business tax (BT), 117

Catalogue for the Guidance of Foreign Investment Industries, 41, 43

Catalogue of Priority Industries for Foreign Investment, 41, 43

Central-Western Region, 43

Certified Public Accountant (CPA), 65

Chen Zhaoxiong, 50

China, 5–10, 123–124, 129–130

investment, 16, 112

location choice, 124–127

major cities, 124

strategy, 11–13

China Securities Regulatory Commission (CSRC), 74

Chinese Labor Law, 133

Chinese law, 28, 59–61, 84, 111

Circular economy, 36

Climate, 126

Closer Economic Partnership Arrangement (CEPA), 102

Communist Party of China, 6

Company

consulting services, 47

manufacturing, 48

structure, 72, 90, 106, 108

trading, 47

Compensation, 134–135

Competitive threat, 26

Consulting services company, 47

Consumer pull, 25

Consumption, 37–38

growth, 10

Consumption tax (CT), 118

Contracts, 132

Cooperative/contractual joint venture (CJV), 66–67

Corporate income tax (CIT), 111–112, 115

Costs, 127

COVID-19, 2, 3, 8, 18–20, 33, 49

Custom duties (CD), 118–119

Decision-making, 150

Demographics, 38–39

Deng Xiaoping, 17

Digital Silk Road, 50

Documents, 78–79, 83–87, 91–92, 94–95, 98–99

Domain names, 142

Due diligence, 145–147

Employee handbook, 133–134

Encouraged industry, 41, 42, 44

Entry methods, 3, 55

Environmental Impact Report, 94

Environmental Protection Evaluation Report, 80

EO intelligence, 42

Equity joint venture (EJV), 64–66

Establishment process

articles of association, 79–80

documents, 78–79

feasibility study, 79

FICE, 97–99

joint venture, 93–96

preparation, 77–78

Representative Office, 81–88

WFOE/WOFE, 89–92

Feasibility study, 79

FESCO, 132

FIJSC, 71–72

Financial documents, 145

Five-Year Plan (FYP), 32–35, 37

Foreign direct investment (FDI), 15–18

COVID-19 and, 18–20

Foreign Enterprises (FE), 113

Foreign individuals, 113

Foreign-invested commercial enterprise (FICE), 26, 47, 60, 61, 68–69

establishment process, 97–99

Foreign-invested enterprises (FIEs), 16, 112–113

Foreign-invested partnership (FIP), 69–71

Foreign Investment Industrial Guidance Catalogue, 26

Foreign nationals, 87

Foreign trading company, 47

Form for Establishing a Wholly Owned Foreign Enterprise, 91–92

Gross domestic product (GDP), 7–9, 19, 20

High-tech industry, 48–51

High-Tech Zones, 49

Hiring expats, 130–131

Hong Kong, 101–103, 110

advantages, 103–104

to international trading companies, 105

taxation, 104–105

See also Singapore

Human resources, 129–138

Incentives, 127

Individual income tax (IIT), 135–137

Industry, 41

approval authority, 43

high-tech, 48–51

legislation, 44–45

permitted and encouraged, 41, 42, 44

restricted and prohibited, 41–44

Intellectual property rights (IPR), 53, 139–143

International trading companies, 105

Investment, 59

cooperative/contractual joint ventures, 66–67

equity joint ventures, 64–66

foreign-invested commercial enterprise, 68–69

foreign-invested partnership, 69–71

joint stock company, 71–72

joint ventures, 62–64

mergers and acquisitions, 74–76

structures, 72–73

WOFE, 60–62

Joint stock company, 71–72

Joint venture (JV), 62–64, 67

establishment process, 93–96

Labor costs, 32

Laozhu, 149

Legal documents, 145

Limited Liability Partnership (LLP), 110

Limited Partnership (LP), 109–110

Local bank, 86

Logistics, 126

Manufacturing company, 48

Manufacturing production, 19

Mao Zedong, 32

Market

attractiveness, 25

entry, 27–29, 55, 59, 63

size, 125

Market opportunity, 31–32

circular economy, 36

Five-Year Plan, 32–35, 37

robotics industry, 35–36

Minimum wage, 135

Ministry of Commerce (MOFCOM), 60, 65, 74, 77

Ministry of Finance (MOF), 111

Name Preapproval, 93–94

National Bureau of Statistics of China, 103

Office chops, 85

Operational efficiencies, 25

Partnership, 109

Patents, 140–142

Payroll, 146–147

Permitted industry, 41

Personal interview, 130

Post-setup registration procedure, 84, 95–96

Preinvestment, 25–26

Priority industry, 43

Private limited company (PTE Ltd), 108

Probation period, 132–133

Profit repatriation, 121–122

Prohibited industry, 41–44

Public security bureau (PSB), 84

Registered capital, 60

Representative Office (RO), 55–58

establishment process, 81–88

Singapore, 109

Restricted industry, 41–44

Retail company, 47

Robotics industry, 35–36

Sales, 147

Shanghai, 117

Silk Road e-commerce, 22

Singapore, 106–108

branch office, 108

Limited Partnership, 109–110

LLP, 110

partnership, 109

private limited company, 108

Representative Office, 109

sole proprietorship, 109

Social insurance, 137–138

Social issues, 38

Sole proprietorship, 109

Special Administrative Region (SAR), 101

Stakeholder engagement, 26

State Administration of Foreign Exchange (SAFE), 85–86

State Administration of Industry and Commerce (SAIC), 57

State Administration of Taxation (SAT), 111

State Development and Reform Commission (SDRC), 74

State Owned Assets Supervision and Administration Commission (SASAC), 74

State-owned enterprises (SOEs), 8, 15

Supply chain, 147

Sustainable development, 37

Tax, 113–114

bureau, 86–87

business, 117

consumption, 118

corporate, 115

custom duties, 118–119

incentives, 119

profit repatriation, 121–122

rates, 112

value-added tax, 116–117, 120, 121

withholding, 115–116

Taxation, 104–105, 111

Taxpayer, 120–121

Technical supervision vision (TSB), 85

Technological revolution, 39

Trade and currency issues, 38

Trademarks, 140–142

Trade secrets, 142–143

Trading company, 47

Value-added tax (VAT), 77, 114, 116–117, 120, 121

Wages, 31, 135

Wholesale company, 47

Wholly Foreign-Owned Enterprise (WFOE/WOFE), 26, 47, 60–62, 67, 77, 89, 93–94

establishment process, 89–92

Withholding tax, 115–116, 135–137

World Trade Organization (WTO), 7, 27

Xi Jinping, 35, 50