A Supervisor (or a board of supervisors) have duties to supervise the execution of the company to ensure full compliance with company rules and regulations.
Azure Group China provide supervisory services to attend board/shareholder meetings, review financial accounts and internal control system, and monitor the duties and conduct of your directors and officers.
We will provide foreign investors with timely reports of any potential risks and non-compliance behavior that is harmful to the company interests.
We can either be engaged as your third-party accounting firm to fulfil your supervisor duties or be appointed as your Supervisor in China to carry out the Supervisor duties.
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Registering a company in China: Foreign Bank or Local Chinese Bank?
One of the legal requirements when registering a company in China is opening a bank account. China’s local banks and foreign banks vary a lot from each other in many aspects. As a foreign business, it’s necessary to figure out which bank should choose.
China setup: 8 Tips to help you easily generate your business names in Chinese
In China, only a company’s registered name in Chinese is legally binding. When applying for registration, the brand name, industrial selection, and registration area should be listed. The typical format for a company name is Registered Area Name + Brand Name + Industry Type + Co., Ltd. Or Brand Name + (Registered Area Name) + Industry Type + Co., Ltd.
Registering a company in China: Do I need to make Company Chops?
Having company chops are mandatory if you want to start a business in China. According to the PRC Company Law, the company chops (or seals, stamps) can be used as legal evidence and represent business activities.
Social Insurance Exemptions for Foreigners working in China
In China, social insurance includes five different types of insurance, including pension, medical, unemployment, work-related injury, and maternity insurances. If you are from one of the following countries that have signed a social insurance agreement with China, you are entitled to a social insurance exemption, once approved, you and your employer may save unnecessary insurance costs from this benefit.
Australian setup: Is Australia an attractive market for UK business to Expand into?
Many foreign companies which have registered a business in Australia in the last two years are growing steadily. Australia is among the countries with the largest GDP worldwide, and thus one of the largest economies.
How long should you keep accounting records?
According to the Accounting Records Management Method, the accounting files in China refer to various forms of accounting information, such as text and charts with preservation value, which are received or formed in the process of accounting and could record and reflect the economic business matters.
China’s latest preferential Tax policies
There are three types of tax preferential policies issued by the Chinese government this year: New preferential tax policies, Continue with some of the COVID-19 relief tax policies introduced in 2020 and Extending the implementation period of some previous tax incentive policies.
Starting a business in Australia Checklist – Before, During and After!
If you want to start your own business in Australia, you will need to know where to find the right information and support quickly and easily. This will position you and your business for success.
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