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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;
A Noble Prize reward meets 200 millions wedding read more
Oct-23rd-2015 | Post by expatree
 

Several weeks ago, 2 events drew amounts of public attention, Tu Youyou, an unknown Chinese medical scientist, received the 2015 Nobel Prize in physiology or medicine. She is the first Chinese Nobel laureate in physiology or medicine as well as in natural sciences. Another pair of public figures also drew attention, actor Huang xiaoming and actress Angelababy held their wedding in Shanghai, it was reported that their luxury wedding cost around 200 millions RMB.
 

Tu can only afford to buy a half of a living room in Beijing by using award amount and only a few media reported this great contribution and historic occasion. It's ironic that a celebrity’s luxury wedding attracted most of the Chinese media at that moment. This is alarming that the population prioritizes a celebrity wedding over a Nobel Prize winner from China.


“Compared to these actor and actress, Tu was being paid what we considered a derisory amount of money.”
 

We don't wholly agr

Big News! Changes in Shanghai Free Trade Zone read more
Sep-18th-2015 | Post by visashanghai
 
Starting from May 2015, Shanghai government bodies revised the restricted industries list for foreign investors and made it applicable for Free Trade Zone (FTZ). Amendments made to current list not considered as major change but a revision of 2014 initiatives. Below industries outlines information where foreign investors are treated different than those domestic companies. However, there are number of changes where we think could include various opportunities for new investors and now extended to the three new FTZs

Agriculture in General
 - Agriculture, crop seeds, fishery and animal husbandry is a critical subject and remains sensitive to Chinese citizens. Fishing in certain waters is due to approval from Chinese   government.

Mining, Natural Resources and Exploitation
 -All initiatives needs to be approved by concerned government bodies.
 -Oil and Gas exploitation needs to be contractual or joint venture with a Chinese partner

Other Sources/Materials
Digital World in China, now and future? read more
Sep-17th-2015 | Post by expatree


Digital, Social and Mobile Media have shown no signs of slowing down in the future of China. To begin with, here are some headlines you need to be aware of:


Internet Users: 668 million, a 6% year-on-year increase
Social Media Users: 659 million – more than the USA and Europe combined
Unique Mobile Users: 675 million, responsible for 1.3 billion mobile subscriptions
Mobile Internet Users: 594 million, accounting for 89% of all China’s internet user
Mobile Social Media Users: 574 million, up 15 million since this time last year

The year-on-year growth rates tell interesting stories too.
 

Internet in China


Roughly 100,000 people in China started using the internet every day over the past year – that’s more than one every second. Much of this growth is being driven by improved mobile access, with close to 90% of the country’s netizens using mobile devices to access the internet. It’s worth noting that this is often in addition to PC-based usage too, but an

Attention! Get these certificates and promote your job in China read more
Aug-14th-2015 | Post by expatree


Confused by too many certificates in China? Recently 211 official professional certificates in a variety of industries were announced despite not being qualified or acceptable. In other words, the remaining certificates raise attention to the public, especially the top 10 certificates. Is there any chance for expats to seek a job in China? Let’s explore it.

 

1. National Judicial Examination

Requirement: Candidate with bachelor degree, not limited to law major, but it is highly recommended to have a basic knowledge of law background.

Exam Time Schedule: 3rd week of September every year


Expatree Comments: Entrance to Judge, Prosecutor and Lawyer position in China as well result in high compensation. Unfortunately, this is not opened to the expat community yet. 
 

2. Certified Public Accountant (CPA)

Requirement: Candidate must have accounting diploma or related professional skills background.

Exam Time Schedule: Oct. 17-18 in 2015


Expatree Comme

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