BUSINESS ANNUAL FILING

Every year all FIEs are required to conduct business annual filings to different government bodies, including the Administration of Industry and Commerce (“AIC”), State Administration of Foreign Exchange (“SAFE”) and Customs, etc.It is worth mentioning that ourannual filing servicesis very good.

We can work independently or together with your accounting and business department to take care of these annual business filings.

TECHNICAL CENTER

Majority of the tenancy agreements are favourable to landlord. So you need to modify the agreement if you think necessary. This may take some time to reach an agreement but can be beneficial in the long run. Company landlords will often have their own contract but a professional agency should also have a more tenant-friendly agreement template which, if possible, can be more advantageous to have agreed.

The agreement should be available in English and Chinese. However, where there is any contradiction between the two versions, the Chinese version shall prevail. So, you should have someone help you to ensure the English version is exactly what the Chinese version is saying.

You may need to register the agreement with the local housing bureau as this will provide some form of protection should any difficulties or disagreements arise during the tenancy agreement.

2. WHAT SHOULD I PAY ATTENTION TO WHEN VISITING THE APARTMENT FOR RENT?

a)Environment – is it convenient for your work, your children’s study or your family’s daily life? Also visit places during the daytime and on an evening to check lights, noises, etc.

b)Property management – is the staff responsible and polite?

c)Security guard -Can they help you when you have any questions?

d)Neighbours – Are there many families living there?

e)Landlord – is the landlord hospital or hostile? Is he/she willing to help you when you have any trouble?

3. WHO IS THE LANDLORD?

The landlord may be a real estate developing company or a private owner. The advantages of having a private landlord are the price is often relatively low and more choices are available. However, you need to be cautious about private landlords in China. Keep in mind that it could be the first time that the landlord has rented to a foreigner or even rented an apartment. Make sure that the contract agreed is clear with regard to repairing obligations, standards and quantities of appliances provided, obligations of issuance of official receipts, settlements of disputes, etc.

Always ensure that you can obtain a copy of the ownership certificate for the property and attach it to your tenancy agreement. This ensures that the “landlord” signing the agreement and renting the property is legally entitled to do this.

4. WHAT TYPES OF PROPERTY ARE AVAILABLE?

Serviced Apartments – Minimum rental term of one day with no maximum stay restrictions. A hotel, for example, is such a kind of apartment, which is fully furnished, including all electrical items, crockery, cutlery and bedding. Laundry services are often available.

Apartments – Depending on the landlord, apartments are usually available for rental for three months and upwards. Can be rented either fully furnished ( including all electrical items but not cutlery, crockery or bedding), unfurnished ( often including kitchen white goods) or semi-furnished. The rental quoted will depend on furniture required, location, area, direction, ventilation, traffic condition, convenience for shopping, etc.

Villas – they are usually standalone houses with a garden and therefore are ideal for families. They can be either furnished or unfurnished.

5. DO I HAVE TO SIGN ANY AGREEMENT WITH THE HOUSING AGENT?

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