2025-03-04

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.

2024-04-14

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

2024-01-17

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.

2023-11-14

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

2023-09-01

Certification is to make the notarial certificate issued by one country recognized by the relevant departments in another country and have legal effect, so that the legal effect of the document will not be affected by doubting whether the seal and signature on the document are true or not. Embassies abroad can handle consular certification for notarial certificates or other supporting documents issued by relevant country agencies and certified by the relevant country department or secretaries of state to be sent to China for use.

2023-08-08

If you plan to start business in China, to register a Chinese company, WFOE can be a good option for you. For now we can help register companies in Shenzhen, Guangzhou, Shanghai, Hangzhou, Ningbo, Chengdu, Zhongshan, Dongguan, and Hainan, etc. Which city is the best option for your business? Well undoubtedly there are different advantages for different cities and here are several pictures for your decision.

2023-08-08

International banking is necessary for more and more individuals and companies and we should make the most of this to cope with globalization for study, work, travel and business. However, you probably have realized that it has become more and more difficult to open bank accounts in Hong Kong, Singapore and USA, etc. Especially under the CRS, most banks have more strict requirements for applicants, either individuals or companies. We has helped many clients with both personal and company bank account opening, based on experience, here to share a few common reasons why applicants fail to open accounts and what we can do to deal with the issues to make the process go well for account opening.

2021-06-01

Latest Government Work Report identified a series of tax incentives (value-added tax, enterprise income tax, employment security for the disabled) for small-scale taxpayers

2021-04-11

All companies in China have to pay value-added tax ( “VAT” ) based on their taxable revenue. According to related taxation laws of China, VAT taxpayers are categorized into general taxpayers and small-scale taxpayers based on their annual taxable sales.Taxpayers with annual revenue exceeding the ceiling set for small scale taxpayers must apply for general taxpayer status. The current ceiling for all companies is 5 million RMB a year.

2021-03-30

Small-and medium-sized companies, usually hire an accounting firm to help them balance the books. This is a smart move. Hiring an experienced accountant full-time may not be necessary for every small company. However, “bookkeeping” is not as simple as some people might think. It’s not only a procedural job rather it necessitates a correct understanding of national tax laws and regulations and experience in the application of local tax policies. In other words, it’s a professional job

2021-03-30

In mainland China, business is not allowed to be done in residential property. This means you have to rent an office to run your company or lease a virtual official address for registration purpose.

2020-10-13

Normally the Business License of Representative Office is valid for three years. You prepare and submit all necessary documents 2 months before it is expired.

2020-10-13

General information about taxation in Hong Kong. The direct taxes of the government are profits tax, salaries tax and property tax. Hong Kong operates a territorial basis of taxation under which only profits or income arising in Hong Kong are taxable. The current corporate profits tax rate is 17.5%. There is no tax on capital gains. Salaries tax is imposed on income arising in Hong Kong from any office or employment. Tax payable is calculated on a sliding scale that progresses from 2% - 15%.Property

2020-10-13

To form a limited company, 1 or more persons (natural and legal persons) may subscribe to the memorandum of association and submit the memorandum, together with other required documents, to the Companies Registry.I. Registration of the Company:1. Choose an intended company name.2. Check the intended company name:The applicants must go to the Companies Registry to check whether the intended company name is the same as one already registered. If yes, the intended company name must be changed.3. Su

2020-10-13

What are the advantages of using limited companies to engage in commercial activities in Hong Kong?Limited companies are companies with limited liabilities. From a legal perspective, a limited company is a separate legal entity and thus has the capacity to institute proceedings against others or vice versa. Since the liability of shareholders is limited to the nominal value of their shareholdings, the maximum possible loss of the shareholders could only be the total sum of their investments.

2020-10-11

Shanghai Free-Trade Zone (Shanghai FTZ) or Shanghai Pilot Free-Trade Zone was officially opened it's door since August 22, 2013. It is the first Free-Trade Zone in China. Since 2017, it becomes one of the most popular destnations to do business in China among our overseas clients. On March 31, 2017, there are 7 more new Free-Trade Zones have been approved in Liaoning, Zhejiang, Henan, Hubei, Sichuan, Shaani and Chongqing. Among them, Shanghai Free-Trade Zone is the best in our opinion.

2020-10-11

Condition(s):Our suggested minimum registered capital for consulting WFOE, Service WFOE, IT WFOE: USD$ 50,000 or Euro35,000. (The capital doesn't nessesary to be deposited in the bank account)Below is the required documentation for Shanghai Free-Trade Zone company formation. (Item 1,2,7,8 should be prepared before visiting China:CHECKLIST:1. 2x Certificate of Incorporations, Articles of Formation or Equivalent document certified by Chinese embassy or Chinese consulate overseas [UK , US, HK,

2017-08-30

deregistration of a WFOE Company in China is much more complicated than registration of a WFOE. It may take more than half a year.

2017-08-30

Once your WFOE is officially registered, it's required to maintain proper accounting records in accordance with accounting standards in China and to report taxes on both monthly (for business tax, individual income tax) and quarterly (corporate income tax) basis. Late submissions will face penalties and surcharges.