An Introduction to Doing Business in China 2019

5 AN INTRODUCTION TO DOING BUSINESS IN CHINA 2018-19 Table of Contents Preface 04 Part 1 | Establishing and Running a Business 07 What are my options for investment? 08 Representative office (RO) 10 Joint venture (JV) 10 Wholly foreign-owned enterprise (WFOE) 11 Other options 12 How do I establish a business? 14 Corporate establishment 14 Key positions in a foreign-invested entity 16 Office premises requirements 18 Opening a bank account 20 Intellectual property considerations 21 How do I make changes to my business? 23 Company name 23 Business scope 24 Registered capital 24 Shareholder structure 25 RO to WFOE Conversion 26 Relocation 28 Part 2 | Tax Audit and Accounting 29 What are the major taxes of China? 30 Income taxes 30 Turnover taxes 31