Recently, many of our foreign friends have been asking us about how to open a bank account in China. They are particularly interested in which banks are more accommodating to foreigners. To address these questions, we have compared five local Chinese banks that are especially friendly to foreigners. You can choose the one that is most convenient for you based on your location. Additionally, we have summarized the steps to open a bank account in China. If you need this information, feel free to bookmark it for future reference.

As we approach the peak season for graduation internships for international students, it's crucial that we address the essential steps and materials required for obtaining an internship visa in China. Navigating this process can be complex, but with the right guidance and preparation, it can be a smooth and rewarding experience. Today, I'm here to walk you through the key documents and procedures that international students need to be aware of when applying for an internship visa. This information will not only help you understand the requirements but also ensure that you are well-prepared to embark on your internship journey in China. Let's dive into the details and make sure you have everything you need to succeed.

Usually, it takes years to become a CEO, but we can help you be the boss of an operational company in just two weeks. Our experts help guide you from idea to launch through every necessary step.

Shanghai, a vibrant international metropolis, has been increasingly attracting global talent. By the end of 2024, statistics show that the number of foreigners settling in Shanghai is on the rise, with Americans accounting for the largest proportion at approximately 45,000. The British follow closely with around 20,000, while Indians settle in Shanghai with a population of 25,000. Australians also have a significant presence with 18,000 people. Notably, Japanese settlers top the list with 130,00

Q1: What is China's 240-hour visa-free transit policy?On December 17, 2024, the National Immigration Administration issued an announcement. Starting from December 17, 2024, China's visa-free transit policy has been fully relaxed and optimized. The stay time for visa-free transit foreigners in the country has been extended from the original 72 and 144 hours to 240 hours (10 days). At the same time, 21 additional ports have been added as entry ports for visa-free transit personnel, and the

According to search results, the rejection rate for trademark registration in China is approximately between 34% and 40%. This data comes from the statistics published on the official website of the State Administration for Industry and Commerce of China, showing that out of 2,999,519 reviewed cases, 1,206,907 were rejected, resulting in a calculated rejection rate of about 40%
. Therefore, it can be estimated that the rejection rate for trademark registration in China is roughly within the range of 34% to 40%.

The promulgation of the revised "Company Law" (effective from July 1, 2024, and collectively referred to as the "New Company Law") has brought about significant changes in the registration and operation of enterprises. One of the key amendments in this law is the introduction of a five-year capital contribution requirement, which has become a major highlight of this revision.

The work permit information for foreigners coming to China will be loaded onto the social security card, and physical social security cards and electronic social security cards will gradually replace the physical work permits.This change will provide convenience for foreigners working and living in China.

In a move to foster greater cultural and economic exchange, China has not only extended its visa-free policy but also increased the duration of stay from 15 to 30 days. This enhancement offers travelers from the listed 38 countries the opportunity to delve deeper into China's heritage and contemporary life, fostering a more profound understanding and connection.

Whether you are doing business in China or planning to reside here, opening a bank account offers numerous advantages.How to obtain a debit cardFor expats working and living in China, obtaining a debit card issued by a Chinese bank can provide a multitude of conveniences.Not only does it simplify the process of making deposits and withdrawals, but it also enables you to shop on Chinese websites and seamlessly connect with popular mobile payment platforms such as WeChat Wallet and Alipay.The acce

When you arrive in China, one of your primary tasks is to purchase a SIM card.China has three major mobile providers: China Unicom, China Telecom, and China Mobile. You can get a SIM card at the official representative offices of these companies.How to get a SIM card offline(1) Go to one of the major stores, found in various locations including malls(2) Choose a mobile package or simply point to the brochure which lists the packages provided(3) Show your passport(4) Show the SIM card size you ne

As we all know, it is complicated for foreigners to apply for work certificates in China. After entering China with a work visa, they need to apply for a work permit and a work-related residence permit in order to be legally employed in China.

What is an Employer of Record?An Employer of Record (EOR) is a service provider that acts as the legal employer of workers employed by their client companies. In China, an EOR can help foreign companies navigate the complex and ever-changing regulations and requirements for hiring and managing employees. With an EOR, client companies can outsource the administrative burden of compliance, payroll, taxes, and other HR functions, freeing up resources to focus on their core business.China's EOR

Feeling overwhelmed by the ever-changing import and export regulations in China? Gomax Expert offers comprehensive support for international companies trading with China. Our team of logistics and finance experts helps you navigate trade compliance, import processes, and VAT refunds, allowing you to focus on your core business activities. Our Services Include: China Entry Incorporation | Finance Outsourcing | Tax Financial Advisory |Work Permit | Trademark Copyright

China's trial unilateral visa-free countries have increased to 8, and the number of countries covered has been expanded from Asia to Europe

On December 29, 2023, the 7th Meeting of the Standing Committee of the Fourteenth National People's Congress voted to pass the newly revised "Company Law", which will be implemented from July 1, 2024.

The National Immigration Administration has introduced five measures starting January 11, 2024, to make it easier for foreigners to enter China for business, study, or tourism.

On March 8,2023, China formally acceded to the Convention on the Cancellation of the Certification Requirements of Foreign Public Documents (also known as the Hague Convention), which came into force on November 7,2023.After joining the Hague Convention, it will be greatly convenient for cross-border companies and individuals to handle all kinds of authentication documents for use abroad. Originally, it may take more than 20 working days to handle an authentication document for use abroad, but a

How to determining tax residency for foreigners?Determining tax residency is a crucial aspect of understanding tax obligations for foreigners in China. The criteria for tax residency status are determined by the Chinese tax authorities and depend on factors such as the length of stay, the purpose of stay, and the existence of a permanent establishment. In general, an individual is considered a tax resident if they have resided in China for 183 days or more in a calendar year.However, there are e

The Ministry of Finance (MOF) and the State Taxation Administration (STA) have jointly issued a Public Notice to provide further relief for qualified foreign individuals. According to the notice, eligible foreign individuals can choose to continue enjoying non-taxable allowances, such as housing allowances, language training allowances, and children's education allowances, instead of applying specific additional deductions for Individual Income Tax (IIT).It is important to note that once a f