China Newsletter | July 2014
How to avoid the Cash Trap: strategies to repatriate profits from China in 2014
The People’s Republic of China administration is well-known for controlling heavily the cash flows going in and out the country. The Cash Trap is the consequence of multiple fiscal and legal regulations, impeding about 45% of the profits generated in the country to be sent abroad. Our publication explores the current solutions available to get the largest part possible of your profits out of China.
S.J. Grand joins PrimeGlobal
S.J. Grand has joined PrimeGlobal, one of the five largest associations of worldwide independent accounting firms. With the strength of 320 members coming from 87 countries, the association offers global expertise so as to strengthen its members’ excellency.
>> More about what it changes for you here
S.J. Grand launches its LinkedIn Account!
S.J. Grand has created its LinkedIn Company Webpage in order to keep you aware of its latest updates. We will post about the fiscal, financial and economic news that are likely to impact your business in China. We also offer more in-depth publications about major trends, reforms and best practices.
>> Follow us here
Hot This Month
This month has seen Shanghai Pilot Free-Trade Zone policies updated in two domains: authorized industries and justice.
Shanghai “negative list”, referencing industries closed to foreign investments, has been shortened. Read more here
Its justice system has been modernized, introducing arbitration along with major changes. Discover them here
After 30 years of negotiations, HongKong has released its newest Corporate Laws. They will bring more flexibility to business set-up and management, leading to further improvement of the city’s already amazing business climate.
>> Article here