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The Inside Scoop: How to use the 144-hour Transit Visa

Posted by PTL Group
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on Wednesday, 10 January 2018
in Business in China

China’s introduction of a 144 hour visa means that it is even for tourist to spend up to six days within the country without the hassles of the visa office. The visa was introduced with the aim at boosting business and tourism within the country.

There are certain rules and regulations that must be determined first in order to first qualify for the visa free entry. Firstly and most importantly is determining ones eligibility. There are only 53 countries that qualify for the visa free transit. The full list can be found here, which includes such countries as the United States, UK, Japan, South Korea and Australia.

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2018 Chinese/Jewish Holidays Calendar

Posted by PTL Group
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on Thursday, 14 December 2017
in Business in China

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Insights from Arie Schreier. How China is changing and what we can do to capitalize

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on Friday, 20 October 2017
in Business in China

By Toby Marshall

ACBC boosted our week with yet another brilliant Round table presentation, this time from speaker Arie Schreier. And nice to see our old friend David Thomas back in the facilitation role - he does it so smoothly and his China knowledge is vast.

With Arie’s extensive experience consulting to and managing organizations globally, his stories held valuable insights for those planning to capitalize on the business opportunities in China.

And loved that he didn’t just share the ‘look at the success we delivered’ stories - he shared some stuff ups as well. So much more real and valuable than the perfect world that many firms pretend to have. What were some of his take home messages? 

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26 Prohibitions Issued for Company Names

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on Thursday, 19 October 2017
in Business in China

Company name creation is the first thing you need to do when applying for setting up your legal entities in China, and the State Administration for Industry and Commerce (AIC) is the ministry that evaluates and approves your application. August 11th 2017, AIC interpreted the newly introduced "Restriction Rules for company names", which clearly stated the creation of company names must comply with the 26 rules.

Among the 26 prohibitions, 11 of them strictly ban those company names containing contents and words that may harm the interests of the state or society or containing any contents that may cause fraud or misunderstanding to the public; company names containing foreign country (area) names or international organization names and company names that consists of foreign characters or Arabic numerals, etc. 

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China Deepens the VAT Reform

Posted by PTL Group
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on Tuesday, 17 October 2017
in Business in China

China’s Value Added Tax (VAT) reform was introduced in 2012 and implemented national wide in May 2016. From May 2016 to June 2017, 85.12 billion RMB has been cut from companies’ burden, according to the Ministry of Finance.

Premier Li Keqiang confirmed that China will continue to refine VAT reform, following an August 18th meeting of the State Council Executive Meeting.

The VAT reform programs announced this year continue to streamline and simplify China's tax structure.

 There are four major changes as followed:

1.Tax tiers have been reduced from four to three tiers (now 6 percent, 11 percent, and 17 percent, with the 13 percent tier removed) and reduce tax rates for farm products, tap water, and publications from 13 percent to 11 percent.

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