It should come as no surprise for international businesses that receiving payments from their Chinese counterparties can be a long and cumbersome process. This is especially relevant for overseas companies that do not have a permanent establishment in China in the form of a foreign direct investment, such as a limited liability company or a joint venture. Therefore, for the convenience of both Chinese consumers and overseas sellers, certain banks in China offer a special type of bank account which is available to be opened exclusively by non-resident legal entities. This type of bank account is known as a non-resident bank account or NRA, and it can be opened in one of the People’s Republic of China’s (PRC) banks. Lets discuss it more in depth today! Website: https://www.carlodandrea.it Twitter: https://twitter.com/DAndreaCarloD Amazon: https://www.amazon.com/COMMERCE-CHINA-Doing-business-China-ebook/dp/B09N3DZWGB/ref=sr_1_2?crid=2JIWP6K94MO8B&keywords;=e-commerce+in+China&qid;=1644894411&sprefix;=e-commerce+in+china%2Caps%2C318&sr;=8-2

Can Your Company Open a Non-Resident Corporate Bank Account (NRA) in China?

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The AI Act transposes European values to a new era. By focusing regulation on identifiable risks, today's agreement will foster responsible innovation in Europe.  "Our AI Act will make a substantial contribution to the development of global rules and principles for human-centric Artificial Intelligence”, this is how Ursula Von Der Leyen - President of the European Commission - commented on the agreement reached by the European Institutions on the AI Act on December 9th, 2023, after a negotiation that lasted nearly 36 hours. Let's discuss it in more details today  Website     Twitter Amazon  

European AI Act: New Frontiers For Foreign Investors

The fashion and luxury market in China remains one of the largest and most dynamic in the world. The Chinese fashion market presents both challenges and opportunities for multinational brands looking to establish a presence in China. To achieve long-term growth and success in China, multinational brands must adapt to the complex regulatory environment, understand Chinese culture and consumer preferences, and adopt the right tools and strategies. Let's discuss it today!   Website     Twitter Amazon

Global Luxury Fashion Brands in China

Cross-border e-commerce (“CBEC”) is an umbrella term for cross-border e-commerce retail imports and exports. Cross-border e-commerce retail import refers to the process whereby consumers in China purchase goods from abroad through a cross-border e-commerce third-party platform operator and transport them into the country using either online bonded import (Customs Supervision Mode Code 1210), online bonded import A (Customs Supervision Mode Code 1239) or direct purchase import (Customs Supervision Mode Code 9610). 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. Today will focus on the legal and fiscal matters involved in cross-border e-commerce retail imports under the model of online bonded import. Website: https://www.carlodandrea.it Twitter: https://twitter.com/DAndreaCarloD  Amazon: https://www.amazon.com/gp/product/B091SJLM2N/ref=dbs_a_def_rwt_bibl_vppi_i2

Cross-border E-commerce in China

In the recent years Italy has increasingly attracted the interest of investors who are willing to actively enter the market through the set up of company in Italy or the acquisition of existing entities in various sectors in which Italy has its forte such as fashion, mechanical or automotive sectors, to name a few. Since many years Italy has desired to facilitate and attract foreign investment by guaranteeing the issuance of a special visa. For the first time in the year 2017, Italy launched its program to introduce the so called Visa for Investors, also called as “Golden Visa”, which is a five-year title reserved to those make strategic investments in Italy. Let's discuss it today   Website: https://www.carlodandrea.it Twitter: https://twitter.com/DAndreaCarloD  Amazon: https://www.amazon.com/gp/product/B091SJLM2N/ref=dbs_a_def_rwt_bibl_vppi_i2

The Opportunity of Italian Investor Visa

 China has officially acceded to the Apostille Convention. This will save time and costs for companies and individuals, as foreign documents for use in China will no longer need to undergo multiple rounds of authentication by different authorities. Let's discuss it today.   Website: https://www.carlodandrea.it Twitter: https://twitter.com/DAndreaCarloD  Amazon: https://www.amazon.com/gp/product/B091SJLM2N/ref=dbs_a_def_rwt_bibl_vppi_i2

Can Your Company Open a Non-Resident Corporate Bank Account (NRA) in China?

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