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SAFE (the State Administration of Foreign Exchange) is China’s foreign exchange regulator. For foreign-invested companies,...
Business scope is the officially approved list of business activities printed on a Chinese company’s...
A company chop (company seal) is China’s official equivalent of a corporate signature. Registered with...
Registered capital is the amount of capital that a company’s shareholders commit to contribute to...
A Z visa is China’s work visa — the visa category that allows a foreign...
A fapiao is China’s official tax invoice — the only document that proves a business...
A WFOE (Wholly Foreign-Owned Enterprise) is a limited liability company established in mainland China that...
Setting up a business in China means learning a new business vocabulary — WFOE, fapiao,...