Media reports state that online gambling in China soared during the recent World Cup. The punters put their money into online gambling on the World Cup, with revenue at China's government run lottery site increasing by over 80% during this period. The general ban on gambling in China is subject to one exception. The Chinese
Many of our clients that went to China years ago to have their products made there are now interested in selling those same products within China. One way to do that is to form a WFOE for selling the products, but oftentimes the cost and the hassle of doing that is not worth it, especially
China's labor law provides for a 44-hour work week, but its regulations provide for a 40 hour work week and most municipalities enforce the 40-hour work week, but recognize that this workweek may not be practical for certain employees. A "flexible" working hours system is thus permitted for "senior management" as an exception to this
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) enforces U.S. economic and trade sanctions. OFAC sanctions generally block all U.S. individuals and entities – including in some cases U.S. companies’ foreign subsidiaries – from transacting business with comprehensively sanctioned countries, such as Cuba, Iran, North Korea, Russia, and Syria, or sanctioned
To describe employer and employee taxes in China as complicated is an understatement. My law firm usually advices our clients to secure bookkeeping/accounting assistance for this and we do not get much involved with calculating these figures. However, a client of ours for whom we are handling a number of China employment law matters requested
Just updated our research regarding China Representative Office rules relating to employees and note the following. Q. How many foreigners can work for the Rep Office? What is the proper term for referring to these employees? A. A Rep Office may hire no more than four foreign persons, each of whom is called a representative.
One of the most frustrating things about doing business in China is the paper work. I was cc'ed on an email the other day from one of our China company formation lawyers to one of our clients. The client had signed the documents required for a WFOE by ink that looked like the required ink,
With the US Supreme Court recently holding the Defense of Marriage Act (DOMA) unconstitutional, the writing is pretty much on the wall that gay marriage will be legal in all or most of the United States within five to ten years. What about China? How does China view gays and gay marriage? For answers to
Companies seeking to form a China WFOE are often confused about WFOE minimum registered capital requirements. Part of the confusion stems from disreputable entity formation companies that claim to know exactly how much will be required and boast of their ability to get the Chinese government to agree to a low amount. Under Chinese law,
One of my law firm's international trade lawyers recently got an email from a company that was having a problem with one of its employees. This employee had left the company and at that moment the company realized it should have made this employee sign various trade secret agreements long ago. They came to us
