Doing business in: China
Produced in partnership with Haibin Xue of Zhong Law Firm
Doing business in: China

The following Commercial guidance note Produced in partnership with Haibin Xue of Zhong Law Firm provides comprehensive and up to date legal information covering:

  • Doing business in: China
  • Introduction
  • The business environment
  • Forming a company
  • Financing a company
  • Opening a bank account
  • Utilising office space
  • Immigration controls
  • Key employment laws
  • Contracting with third parties
  • more

Updated in April 2019

Introduction

The business environment

Forming a company

Financing a company

Opening a bank account

Utilising office space

Immigration controls

Key employment laws

Contracting with third parties

Regulatory compliance

Protecting key assets and employees

Useful links

Introduction

China, officially known as the People’s Republic of China (PRC), is a sovereign state established in 1949 and led by a single political party, the Communist Party of China (CPC). It has a total area of approximately 9.6m sq km and a population of over 1.35 billion. China has 23 provinces, five autonomous regions, two special administrative regions (Hong Kong and Macau), and four administratively-direct-controlled municipalities (Beijing, Shanghai, Tianjin and Chongqing). Beijing is the capital city and Mandarin is the official language.

Through constant economic and political reforms led by the CPC, China has established itself as a country with political stability, economic freedom and legal certainty, making it one of the leading recipients for foreign investments. China is now the second largest economy in the world. As such, it attracts many international companies, regardless of size, eager to tap into and continue to develop a presence in this vital market.

The aim of this guide is to highlight some of the key areas that a new business should consider before entering the Chinese market. This guide is not intended to be exhaustive and specific advice is strongly recommended before setting up a business