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2023.11.28 China
Invest in China - The Chinese Individual Tax Subsidies for Expats in GBA
Investing in China can be influenced by various factors, including tax incentives and subsidies provided to expatriates in regions like the Greater Bay Area (GBA). The Chinese government has been implementing initiatives to attract foreign talent and foreign direct investments to the GBA by offering tax subsidies and incentives to eligible expats.
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2023.11.08 China
Invest in China: Exploring Beijing's "Two Zones"
This year marks the third year of construction for the Beijing’s “Two Zones”. Since Chinese President Xi announced support for the development of a national integrated demonstration zone for greater openness in the services sector and the establishment of a pilot free trade zone characterized by scientific and technological innovation, openness in the services sector, and the digital economy at the opening ceremony of the 2020 China International Fair for Trade in Services (CIFTIS), Beijing has been actively constructing these “Two Zones”.
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2023.11.07 China
The Apostille Convention is Officially Effective in China
Starting from today, 7th November 2023, following up the official joining on Marh 8, 2023, China officially implements the Hague Convention of 5th October 1961, abolishing the requirement of legalization for Foreign Public Documents. Per the Convention, also known as “Apostille Convention”, the process of certification of many documents will be easier and will not request a legalization by Chinese local diplomatic consular offices as the approval of the Country where the documents have origin will suffice.
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2023.10.25 China
Cross-border E-commerce in China: Legal and Tax Liabilities
In recent years, China's cross-border e-commerce retail import and export has grown rapidly, due to the expansion of the 2020 cross-border e-commerce retail import pilot program to 86 cities and the Hainan Island. The program has not expanded to all Pilot Free Trade Zones (FTZs), cross-border e-commerce pilot zones, comprehensive bonded zones, import trade promotion innovation demonstration zones, and bonded logistics centers in the city and region.
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2023.10.20 China
Dispute Resolution: China's New Rules to Address Foreign Service
On September 1, 2023, the Decision of the Standing Committee of the National People's Congress to Amend the Civil Procedure Law of the People's Republic of China was examined and approved which shall come into effect on January 1, 2024 (hereinafter referred to as the “2023 Civil Procedure Law”). Among them, the foreign-related litigation procedures have been substantially revised and improved, mainly including expanding the jurisdiction of Chinese courts over foreign-related civil cases, adding the parallel litigation system and the principle of inconvenient jurisdiction, solving the problem of difficulties in service of process in foreign-related cases, and improving the recognition and enforcement of foreign court judgements and rulings, and other aspects. This article briefly introduces the six changes in the rules on foreign-related service of process for the reference of foreign subjects participating in litigation in Chinese courts.
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