BC Partners Consulting Limited

China's social security law was promulgated by the central government but its administration and specific details are governed by local authorities. It is paid by both employer and employee, and the levels of this payment to the social insurance agencies are connected directly to the employee's salary. It can be complicated as there is not one steadfast rule for the country. Instead it is governed at a regional level, so depending where your company is based in China you will have differing responsibilities as an employer.  China social insurance not only needs to be set up, but also paid monthly, it may be easier to outsource this task to the local experts at Business China. China's new Social Insurance Law, which took effect on July 1, 2011, established the first national, basic social insurance framework for employees across mainland China. The law requires that all employers in China enroll each employee in five insurance programs, plus one mandatory housing ...

One of the inevitable benefits for a Trading WFOE/JV or Manufacturing Company in China is export tax refunding. On one hand, the establishment can bring considerable tax refunds back to the enterprise to improve competitiveness even ease financial pressure; On the other hand, it also helps enterprise to keep an excellent corporate reputation. Export tax refund refers to the value-added tax and consumption tax paid by the exported goods to the actual production and circulation segment in china. The system of tax refund for export goods is an important part of the tax revenue of a country. The export tax rebate is mainly through the refund of export goods of domestic tax paid to balance the tax burden of domestic products, making their products to exclude tax costs to enter the international market to enhance competitiveness. China, known as "the world factory", is a lucrative spot for exporting business. One of the inevitable benefits for a Trading WFOE/JV or Man...

Here's information about " Guangzhou Free Trade Zone ', and you're welcome to contatc us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 To further deepen the reform and opening program of Free Trade Zone in China, Guangzhou Free Trade Zone (FTZ)was issued in the year of 2015. It is a free-trade zone near Hong Kong and Macau. The zone covers an area of 116.2 square kilometers and integrates three existing bonded zones in four areas — Nanshan New Area in Guangzhou (60 square kilometres), Qian Hai and Shekou Industrial Zone (Qianhai Shekou Subdistrict) in Shenzhen (28.2 square kilometres) and Hengqin Subdistrict in Zhuhai (28 square kilometres). Overall Scheme Plan of the China (Guangdong) Free Trade Zone China (Guangdong) Pilot Free Trade Zone (hereafter referred to as GDFTZ) was formally approved by the State Council and established on 31 December, 2014. China (Shanghai) Pilot Free Trade Zone comprises four areas under...

Here's information about the free trade zones, and you're welcome to contatc us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 Guangzhou Free Trade Zone A free-trade zone (FTZ) is a specific class of special economic zone. It is a geographic area where goods may be landed, stored, handled, manufactured, or reconfigured, and re-exported under specific customs regulation and generally not subject to customs duty.  Taking advantage of the Mainland-Hong Kong Closer Economic Partnership Arrangement (CEPA) to drive the liberalization of trade in services, the Guangdong park aims to integrate the economies of the Pearl River Delta (Guangdong, Hong Kong and Macau). Shanghai Free Trade Zone Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. When the Shanghai Free Trade Zone (FTZ) was first introduced in 2013, it ...