In China, except for taxation and industrial restrictions, what the other regulation a company shall comply with? How these regulations influence a company’s operation? How about HR issue and sending foreign staff to work in mainland China?
Except for taxation and industrial restrictions, Law of Corporation is a basic law a company shall comply with. In which, it requires an enterprise must determine following issues:
· a legal representative,
· a supervisor,
· Executive power body, an executive director or forming a board of director,
· a manager or general manager to in charge daily operations
· Responsibility and rights of different parties in the enterprise
Above terms are defined in a Company Act that need to be set and provided to government office during registration process.
The Company Act as provides an o-chart frame work for a company and the company can design its detailed o-chart per its reality.
It is allowed for a foreign company or representative office to send foreign key staff to work in China. However, there are certain process needs to go through. Details about this could be referred to Visa Application.
Company Act is not just a document for establishment process but could be used as a power structure for healthy governance. Advise and assist on the foreign staff working in Mainland with personal tax advices.
Continually study updated corporate laws and regulations to ensure provide updated advice and suggestion to clients.