China Insight - Corporate
New Regulations on Representative Offices: time to opt for a Wholly Foreign-owned Enterprise?
From March 2011, the costs and formalities of establishing and operating a representative office in China may increase. Foreign companies and their existing representative offices in China will need to conform to shorter time limits, new reporting obligations and stricter limitations on their business scope. Tougher penalties will be imposed if related legal restrictions are violated.
Please access the Newsletter below to read more.