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UHY Doing Business Guide

Doing Business IN CHINA CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment and Incentives 10 4 Setting up a Business 12 5 Labour 19 6 Taxation 20 7 Accounting & reporting 27 8 UHY Representation in China 31 3 Doing Business IN CHINA 1 INTRODUCTION UHY is an international organisation providing audit, accountancy, Business management and consultancy services through financial Business centres in around 90 countries worldwide. Business partners work together throughout the network to conduct transnational operations for clients as well as offering specialist knowledge and experience within their own national borders. Global specialists in various industry and market sectors are also available for consultation. This detailed report providing key issues and information for investors considering Business operation in China has been provided by the office of UHY representative there: ZHONGHUA CPAS LLP 6F, 100 Bund Square 100 Zhongshan South Road Shanghai 200010 The People s Republic of China Phone +86 (21) 6352 5500 Website Email You are invited to contact Mr Sun Yong with any further inquiries you may have.

DOING BUSINESS IN CHINA 4 2 – BUSINESS ENVIRONMENT The People's Republic of China (PRC) is situated in eastern Asia and is bounded by the Pacific to the east.

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