Mar. 1 – The new issue of China Briefing Magazine, titled Trading With China, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the month of March.
This month’s China Briefing cover art could not be more apt, as it shows the famous Chinese seafarer Zheng He, trading Chinese goods with the West (the image appears to be set in what is now Istanbul). Considering this painting shows him as a young man, the time frame would be around the year 1400 – well over 600 years ago. Yet even today, international trade with China continues to fascinate.
As China’s domestic wealth and disposable income increases, so do the opportunities for international businesses to sell to China. What was a relatively poor country 20 years ago, possessing a young and eager workforce, yet little purchasing power, has matured to become today the world’s largest trading nation.
In this issue of China Briefing, we focus on the minutiae of trading with China – regardless of whether your business has a presence in the country or not. Of special interest to the global small and medium-sized enterprises, this issue explains in detail the licensing framework concerning trading with the most populous nation on Earth – plus the inevitable tax, customs and administrative matters that go with this.
China is about to become a dynamic and vital market for international businesses globally, and here we show you the protocols. For businesses whose trade with China requires a more permanent in-country presence, we conclude the issue with an examination of establishing a trading company in China – allowing you to possess your own import and export licenses as a foreign business.
We hope this issue of China Briefing will sow the seeds of imagination for smaller businesses wishing to participate in, sell to, and trade with what is fast becoming one of the most important consumer markets in the world.
In this issue:
- China’s Import and Export Licensing Framework
- Import-Export Taxes and Duties
- Establishing a Trading Company (FICE) in China
- Global Exports to China
Trading With China is out now and immediately available as a complimentary PDF download on the Asia Briefing Bookstore.
Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
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Hong Kong and Singapore Holding Companies
In this issue of China Briefing Magazine, we take a closer look at the benefits of both Hong Kong and Singapore holding companies, how to establish and maintain a company in each of these jurisdictions, and the relevant double tax agreements.
Double Taxation Avoidance Agreements
In this issue, we look at the evolution of the legal framework of double taxation agreements in China, including the foundations of anti-avoidance, obligations in reporting offshore transactions, how to qualify as a beneficial owner and how to claim treaty benefits. We also outline the interpretations given in Circular 75 of the China-Singapore DTA, which was the first time that the Chinese tax authorities really opened up about DTA interpretations.