.

CAPITAL VERIFICATION

According to Chinese law, all Foreign Invested Enterprises (“FIEs”) should provide capital verificationreports to the Administration of Industry and Commerce (“AIC”), State Administration of Foreign Exchange (“SAFE”), Tax Authority, etc., after their registered capital are injected. The injected capital can be in form of cash, tangible assets, or intangible assets.Especially when doing business in Shanghai, this is a must.

Our practicing certified public accountants can interview your finance personnel, coach them in providing necessary documents and issuing high quality capital verification reports.

  1. WHATS THE COMPENSATION SHOULD I PAY IF I HAVE TO DISMISS AN INCAPABLE EMPLOYEE?

Where you have to dismiss an employee due to their inability to take their relevant responsibilities, you need to pay a compensation amount to him/her one month salary for each year he/she worked with you, with a maximum compensation of not more than 12 months.

  1. HOW LABOR DISPUTES ARE PROCESSED IN CHINA?

All labor disputes are required to be handled according to law and in a timely manner. Chinese government encourages both parties in a dispute to solve their problems through negotiation and consultation.

Chinese laws and regulations clearly define the procedures and government bodies in charge of the settlement of labor disputes. According to the regulations, whenever a labor dispute arises between a worker and an enterprise, either party may apply to the labor dispute mediation committee for mediation. If the mediation fails or if neither party wants mediation, then they may apply to the local labor dispute arbitration committee for arbitration. If either party is not satisfied with the decision of the arbitration committee, he or she may file a lawsuit with a people’s court.

  1. HOW TO PROTECT MY TRADE SECRETS BEFORE THEY REVEALED?

You may incorporate detailed clauses, such as confidentiality and non-competition clauses, into the employment contract. You may also have your potential employees sign a legal document stipulating that they will not divulge their former employers’ trade secrets in order to show that they have no intention to disclose another company’s trade secrets. In addition, you may also establish an internal system to protect my trade secrets, from document filing to key employees’ dismissal procedures

  1. SHOULD I HAVE TO PAY SPECIAL ATTENTION TO WOMEN EMPLOYEES?
  2. WHAT IS THE REQUIREMENT FOR PROBATION PERIOD?

Employers can require a probation period in the employment contract. However, the probation period should not exceed statutory period and it should be in correspondence with the length of the contract term. Generally speaking, the probation period should not exceed 6 months at most. During this period, either contracted party may terminate the contract without upfront notice. After probation period, the notice period of termination by either party should be one month.



Отправить запрос, связаться с поставщиком

Кому: Lee & Lee Associates
Ваш E-mail:
Текст письма:


Send to other suppliers

Другие товары поставщика

BUSINESS DEREGISTRATION
BUSINESS DEREGISTRATION There are a number of government bodies you need to go through if you want to deregister a business. The period to deregister a business generally ...
MANAGEMENT ACCOUNTING
MANAGEMENT ACCOUNTING To cope with a rapidly changing environment, the role of a finance function is shifting more and more from a historical data provider to a manageme...
WHAT ARE THE MAIN DIFFERENCES BETWEEN PRC GAAP, IFRS AND US GAAP?
WHAT ARE THE MAIN DIFFERENCES BETWEEN PRC GAAP, IFRS AND US GAAP? To successfully enter the China market, you may have different options, such as working with a local sales/service agent, setting up a business fro...
TAX DUE DILIGENCE
TAX DUE DILIGENCE If you do not feel comfortable for your company’s tax accruals and payments, if you are facing a tax audit by local tax authority, or if you ...
BUSINESS DEREGISTRATION
BUSINESS DEREGISTRATION You may have achinese employment contract templateat your head office. However, you can expect many differences between it and a “should-be&r...
Все товары поставщика

Похожие товары

TAX DUE DILIGENCE
TAX DUE DILIGENCE Продавец: Lee & Lee Associates If you do not feel comfortable for your company’s tax accruals and payments, if you are fac...
HEAD HUNTING
HEAD HUNTING Продавец: Lee & Lee Associates The role of today’s finance function should not only be a bookkeeper and doorkeeper, but al...
FINANCIAL DUE DILIGENCE
FINANCIAL DUE DILIGENCE Продавец: Lee & Lee Associates To successfully enter the China market, you may have different options, such as working with a lo...
EMPLOYMENT CONTRACT
EMPLOYMENT CONTRACT Продавец: Lee & Lee Associates You may have an chinese employment contract templateat your head office. However, you can expect ...
DOING BUSINESS IN ASIA PACIFIC REGION NEWSLETTER SERIES
DOING BUSINESS IN ASIA PACIFIC REGION NEWSLETTER SERIES Продавец: Lee & Lee Associates Asia Pacific region is the most dynamic investment destination. If you want to invest in the reg...