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Tax changed in Cross-border e-Commerce of China, nightmare or new opportunity? read more
Jul-27th-2016 | Post by expatree

Since April 8, 2016 new tax rate of Cross-border e-Commerce brought amounts of public attention, the hottest topic is “more expensive or cheaper” has to be paid for cross-border products. Because “50 RMB tax free” is cancelled, this perks disappear means lower unit price suddenly becomes a disadvantage that no one would buy it. Generally speaking the actual payment affected by new tax rate, still depends on product category. Simply put a word, there is a comparison table for a reference,


First of all, a whole picture of retail pricing in cross border ecommerce platform is changed from low to high level, it’s estimated average 15% to 50% increase at each product. Take advantage of old tax benefit, FMCG products such as baby formula, baby diapers and low-end cosmetics etc. occupied most market share, short product lifecycle and high repurchase rate generate huge visit traffic, results in higher GMV sales volume compared to other product categories. However,
Interesting Question? Tmall or Tmall Global, who is a representative of China e-commerce to world? read more
Jul-8th-2016 | Post by expatree
In China Alibaba group shows the strength on B2C e-commerce retail business thanks to his online weapon, taobao.com and tmall.com these two platforms. Take advantage of the benefits of cross-border e-commerce policy by China government, Alibaba soon built up another online platform, “Tmall Global” towards to worldwide audience. Not satisfied with the domestic leadership, a bigger ambition shows Alibaba is trying to connect the world and get occupied oversea market share as much as possible.
 
Unfortunately Tmall Global’s current achievement is below public expectation although Alibaba did a huge advertising investment on both local and foreign market. “Local registered entity is not required in China” such kind of idea sounds interesting for foreign brand supplier to have a tryout, but Tmall Global still faces a big challenge issue, in additional to the ambiguity fact data on its sales performance, not transparency at all. On the other hand, compared
How Cloud Accounting Benefits Your Business in China read more
May-7th-2016 | Post by Kangming

With the rapid development of China’s economy, foreign direct investment in China has continued to rise in line with economic growth, reaching nearly USD 120 billionin 2015. While it’s tempting to invest in China, there might be barriers and headaches to manage your business, especially when you want to free yourself from accounting administration activities and focus on growing your business. With cloud accounting software, your financial advisor and you can access your business data on a real-time basis, making it easier for you to stay focused on what matters most.

1. Making virtual CFO service feasible

In order to run your business well in China, it’s significant that you have a qualified CFO who is fluent in English, has an in depth understanding of China business compliance and tax systems, and is able to help you better manage the internal control process. In China, it’s especially hard to find the CFO who can meet all the above requirements within the b
New Updated: FAQ on Work Visa and Employment Permit read more
Feb-25th-2016 | Post by visashanghai

Information around work visa as well as residence permit could be confusing for many expats. Everchanging rules and regulations on expat visas makes it harder to find appropriate infomration on the web. Thats why we prepared this Q&A article for frequently asked questions by our customers. Visa Shangahi helps expats here in Shanghai since 10 years and we gathered some of the best practises when it comes to visa. Enjoy and dont forget to share it with your friends!
 
Q1: I have been working in a company here in Shanghai more than 4 years, Can I apply 2 to 5 years residence permit and work permit?
VS: If your company’s registered capital is more than $3 Million USD and if you have an executive managerial position within your company, yes you can. If this do not apply to you, we recommend to renew your licenses every year.
 
Q2: What if I am the owner or legal representative of a company? Can I directly get 2 to 5
No idea of WOFE? Read it! read more
Nov-7th-2015 | Post by expatree
China’s rapidly expanding economy and vast population has made it one of the world’s most attractive markets for business expansion. Today, more and more foreign individuals and entities want to establish company in China. However, how to start? Is there any limitation or requirement on investor? How much will it cost?.....

In this article Expatree would like to introduce the main issues regarding establishing a wholly foreign owned enterprise (WFOE) in China for entrepreneur's information.

Ⅰ. Documents and information required to apply for a WFOE
-- If the WFOE is invested by a foreign individual:
• Proposed company names in Chinese;
• Passport copy and original passport (if the investor never visit China before, also needs to provide the notarial certificate of his/her passport);
• Bank confirmation letter issued by the investor's foreign personal bank;

-- If the WFOE is invested by a foreign company:
• Proposed company names in Chinese;
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