Franchising in China: An Excellent Business Opportunity But One Not to Take Lightly

Categories: Business In China, China 101, Foreign Direct Investments | By Peter Pang

Franchising American restaurants in China was recently in the news amid reports that fast food giant McDonald’s has sold its mainland China and Hong Kong businesses to a consortium between the state-owned Chinese conglomerate Citic and the American private equity giant Carlyle Group for $2.03 billion. Among the key points of the deal was that…

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Should You Be Legal Representative in China?

Categories: Business In China, China 101, Foreign Direct Investments | By Peter Pang

Under Chinese law, every company must have a legal representative when starting a company or opening a new business in the PRC.  A company’s legal representative is the individual who serves as the legal embodiment of the company’s interests for purposes of the Chinese government.  His or her name appears on the company’s business license…

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The EB-5: A Legitimate Pathway to Obtain a Green Card?

Categories: China 101, Outbound Foreign Investments | By Peter Pang

The EB-5 visa is a United States visa program for immigrant investors that was first instituted by the federal Immigration Act of 1990.  The EB-5 visa provides means to obtain a green card, and eventually a path to permanent residency in the United States, for foreign investors who invest large sums of money in the…

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WFOE’s Registered Address, A Bit More Complicated Than You Think

Categories: Business In China, China 101 | By Peter Pang

The Companies Law of the People’s Republic of China requires that all foreign-owned corporate entities have a registered physical address in China.  However, many foreign investors have gambled (and lost) that Chinese authorities will not catch on if they simply use an inappropriate address (whether it be a virtual office or an address that has…

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Teaching English in China: Let the Buyer Beware

Categories: China 101 | By Peter Pang

As anyone who knows remotely anything about China can tell you, let alone anyone who has lived or is currently living in China, interest in teaching English in China by native (or not) English speakers has grown exponentially as China’s economy has exploded over the past several decades. There were over 300,000 English language schools…

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No More Foreign Investments Approval

Categories: Business In China, China 101 | By Peter Pang

What’s new? On September 3 2016, the Standing Committee of the National People’s Congress of the Peoples’ Republic of China (NPC) adopted the amendments which modified the rules relating to the establishment and alterations of the foreign-invested enterprises (FIEs). Are considered FIEs: equity joint ventures (EJV), cooperative joint ventures (CJV), wholly-owned foreign enterprises (WFOE). The…

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Quick Guide to Chinese Labor Law

Categories: China 101 | By Peter Pang

When the Opening Up process first began in China some three decades ago, the country had very little legislation on the books regarding employment standards for private industry. As the country’s economy moved further and further away from reliance on state-sponsored jobs and the old concept of “the iron rice bowl” (whereby every worker’s financial…

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Can I Do Business in China? A Checklist.

Categories: China 101 | By Peter Pang

Doing business in China opens up unlimited possibilities for business growth. It also exposes the unprepared investor to significant risks. Our years of experience helping countless ventures to get off the ground and succeed in China led us to develop the following rough checklist for businesses considering start-up or expansion in China. Overall, of course,…

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