On 19th November 2010 China’s State Council issued new Regulations to “Strengthen” the Administration of Resident Representative Offices (ROs) of foreign enterprises in China. The new guidelines for what ROs will come into effect on March 1, 2011.
The new regulations require ROs of foreign enterprises to provide audited accounting information on a regular basis, prohibit them from conducting profit activities, and specify the relative penalties for foreign enterprises that violate the rules. These regulations affect foreign investors setting up representative offices in China, as well as ROs already established on the mainland as they touch on the establishment, management, permitted activities and staffing of ROs.
The European Union Chamber of Commerce in China invites you to join us for a comprehensive updating introduction to the three main changes as affect existing representative offices including: management, taxes and RO operations. Our expert speakers will share with you their perspectives on the “Outlook of the Representative Office Structure under the New Policies” and “Regulation Tightened, But Certainty Improved - Recent Developments in Regulatory Environment for Rep Offices”.
The Speakers:
Anthea Wong, Partner, PricewaterhouseCoopers Beijing (bio)
Outlook of the Representative Office Structure under the New Policies
• Practical issues arising from the latest regulations governing ROs
• New taxation rules for ROs and the latest implementation
• RO vs incorporation: considerations for structuring a long-term structure
• Tips for converting an RO into an incorporation
• Case sharing
Thomas Man, Partner, Hogan Lovells Beijing (bio)
Regulation Tightened, But Certainty Improved - Recent Developments in Regulatory Environment for Rep Offices
• Foreign Enterprise Resident Representative Offices ("RO") in China - History and Status
• Functions of ROs v. Other Investment Vehicles
• Regulatory Landscape - Continuity and Changes since 1980
• Recent Developments in 2010
• New Registration Regulations - Tightened Regulation, but Easier to Follow?
• Impact of the New Registration Regulations and Beyond
• Introduction to Foreign Enterprise Resident Representative Offices ("RO") in China
• Comparison between ROs and other investment vehicles, e.g. foreign invested enterprises
• Major regulations over the establishment and operation of ROs in China
• Recent development of RO regulations
• Introduction to the New Registration Regulations
• Impact of the New Registration Regulations to foreign investors
The Agenda:
16:00-16:30 Registration
16:30-17:30 Presentations
17:30-18:00 Q&A
18:00-19:00 Networking with Drinks
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Event Terms & Conditions
Please note that though all are welcome to attend our events we strongly recommend that you register online with us in advance so that we can keep you updated on any changes in the event schedule. From time to time, due to unforeseen circumstances, we need to change the time or venue of an advertised event. So please do let us know by registering online if you plan to attend an event so that we can keep you informed.
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