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Company Registration & Maintenance
When setting-up and maintaining operations in China, it
is extremely important that companies fully understand
and comply with PRC regulations due to the links between
the business and political environment. We keep up to
date with the underlying policy trends and relevant
regulations that allow us to assess the impact on our
clients and recommend requisite changes. Bison&Chang
assists clients in setting up wholly foreign owned
enterprises and branches, domestic Chinese enterprises,
equity joint ventures, cooperative joint ventures and
representative offices and nonprofit organizations
(NGOs). We provide annual filing of returns, license
renewals, license changing and other administrative
requirements therefore enabling you to focus on your
core business activities. We cover all aspects of
registration procedure, from initial registration to
post registration.
Our services include:
- Market Entry Advisory & Planning
- Market Research
- Updating Company Certificates
- Corporate Restructuring
- Company Secretarial Services
-
Set-up of
Bank Account
- Company Deregistration
- Company Registration
- Company Annual Report and License Renewal
- Stamp keepings
Accounting & Reporting
As conducting business becomes ever more complex and
challenging in China, the size and complexity of
disputes makes it all the more important that they are
resolved as quickly as possible with the best available
outcome.
Outsourcing your accounting operation
to Bison&Chang gives you access to our very experienced
and specialized accounting team. As a client, you will
receive a professional output without the hassle of
managing your own staff and keeping up with changes in
accounting regulations. You will also not need to be
concerned with computer downtime, software obsolescence,
or staff absence due to leave or resignation.
With China抯 fast growing accounting
sector, it is difficult for many firms to keep on top of
new legislation and accounting standards. Bison&Chang
has a dedicated staff, adept in providing financial
accounting and bookkeeping services to both local and
multinational clients. Bison&Chang seeks to add real
value to your business, working closely with you to
provide quality management accounting information on top
of the regular account keeping that is required to
uphold basic accounting laws and regulations.
The Bison&Chang team is experienced
and well versed in PRC Accounting Standards as well as
IFRS and GAAP standards.
Our services include:
- Bookkeeping
- Accounting software installation and accounting code
creation
- Cashier service (including set-up of bank account,
writing checks, deposit cash in bank)
- Issuing invoice (including Chinese Official Invoice
and Pro-forma Invoice)
- Inventory management
- Account Receivable and Payable Management
- Financial Report Compliant with Chinese Accounting
Standard, US GAAP, IFRS
- Online reimbursement and summary for employees
- Solutions for Special accounting events
- Annual Audit assistance
- Short time accounting service
- Costing and Controlling
- Business Unit Performance Assessment
- Financial Statement Preparation
- Consolidation of Accounts
- Accounting Advisory
- Recruitment and Training of Finance team
Financial Management
Bison&Chang can assist companies in smoothly operating
their finance functions. We are able to provide a full
range of support, everything from overlooking a
company抯 operations to basic book keeping.
When maintaining financial records,
Bison&Chang can provide assurance that our outsourcing
services will work in accordance with proper corporate
and international standards as well as local accounting
practice.
Our services include:
- Cash Flow Management
- Budgeting
& Forecasting
- Monthly/Quarterly/Annual Budgeting
- Administration Support for Finance team
- Financial Review
- Monitoring the Financial Reports
- Internal Control process design and implementation &
assessment
Company Taxation & Individual Tax
Planning
All decisions we make in the corporate world have tax
implications. Decisions made today will often affect
your tax burden in the future. At Bison&Chang, we ensure
you are not only aware of them, but you achieve maximum
tax-efficiency in the short and long-term.
Once registered, all companies,
whether or not they are operational or profit centers,
must file tax declarations. In addition to reducing the
administrative burden of compliance with local tax
regulations, our tax and accounting maintenance services
prevent a company抯 exposure to tax-related risks.
Tax planning is vital when doing
business in China due to China抯 constant changes in
corporate tax regulations. Bison&Chang offers extensive
tax planning and encourages the ideology that it must be
commercially viable and balanced to yield tax
efficiencies and mitigate the risk of challenge to you
by the tax authorities.
At Bison&Chang, our clients have the
opportunity to exercise many taxation services including
developing tax-optimization structures, tax
restructuring for mergers and acquisitions, and
negotiating with tax authorities for a suitable
preparation and submission of tax returns.
We have vast knowledge of transfer
pricing policies in line with both corporate
international strategy and in compliance with Chinese
tax regulations in order to limit overall tax exposure
for multinational companies.
From the Bison&Chang extensive
network of international professional services firms we
are also able to assist companies to effectively
structure 搊ff-shore?tax planning and company
establishment.
Our services include:
- Corporate & Personal Tax Calculation and Filing
- Annual Tax Compliance
- VAT Compliance and Planing
- Corporate & Personal Tax Compliance and Planning
- Expatriate & Local Staff IIT Tax Planning
- Individual Income Tax, Compliance & Advisory
- Tax Refund Application
- Application for
Reduction or
Exemption of Tax
- Application for
Refunding
Export Taxes
- Application for Individual Income Tax Refund
- Transfer Pricing
- Appointment Pricing Arrangement
- Tax Due Diligence
- Tax Advisory
Assurance & Audit
Whether you抮e thinking of buying some shares
or acquiring a company, you will need
to rely on experts to help you make your decision. If
you want to make an informed decision
based on accurate and current information, you will
want to review the audited financial statements of the investment you
are considering.
Ensuring you have reliable information on which to make decisions is
what assurance stands for.
Assurance services and 'adding
value' are not usually viewed together, since the
primary objective of an audit is to provide an
independent opinion on a company's annual accounts.
Bison&Chang does not subscribe to this concept. We
recognize the commercial importance of providing
assurance on business controls so that there are no
surprises. Equally, we understand the importance of
providing advice to help clients develop their business.
The key to a valuable compliance service is the strength
of the relationship between the client and the service
team. This enables our work to be thoroughly and
accurately planned and tailored to their specific needs.
Bison&Chang audit team works closely
with you to understand your business and vision. We
review every aspect of your internal and external
factors, from systems and internal processes to
environmental factors, allowing our audit team to
precisely assess the associated risks and form a
definitive solution to seize opportunities for our
clients. This careful process is the basis of our
recommendations for improving and strengthening your
business operations. Conclusively we provide a
convenient internal audit letter of observations and
recommendations for improving and strengthening the
financial and business operations of our clients.
Our services include:
- Comprehensive risk assessments
- Business performance measurement
- Partner accountability
- Accounts receivable review
- Customer satisfaction survey
- Department & Business Reviews
- Internal audit
- External Audit
- China Statutory Audits
- Non-Statutory Audits
- Rental Audit
- Financial Audits
- Taxation Audit
- Operational Audits
- Follow-up Audits
- Special Purpose Audit
- Tax audit for special events
- Corporate Liquidation Audit
- Tax Assurance Audit
- Credit Investigation
- Corporate
Finance
Whatever ambitions you have for your business,
Bison&Chang corporate finance specialists can help you
to achieve them. We can provide specialist skills,
practical experience, know-how and objectivity to assist
you in your future plans, whether you are looking to
expand, merge or sell your business.
Our corporate finance and accounting
professionals are able to manage a business?cash
forecasting, and help its managers decide how to invest
in ways that will ensure the greatest return. Our
objective at Bison&Chang is to help you look for ways to
free up capital, increase profitability, and decrease
expenses. We will look at the best growth path for your
business and depending on your stage of development
determine whether it is through acquiring other
companies or reinvesting in the business to expand
internally.
A company抯 size, complexity,
industry, and stage of development help to determine the
specific responsibilities that need to be handled. All
companies need to balance their books and usually have a
degree of internal structure to handle this, but some
large companies also need to hire external financial
experts to valuate potential acquisitions. Bison&Chang
is able to provide you with all the expertise that your
business requires to grow.
Our services include:
- Mergers & Acquisitions
- Disposal & Financing
- Transaction Advisory
- Financial Due Diligence
- Debt Restructuring
- Industry analysis report
- Business plan
- Corporate Restructuring tax planning
- Profit Return Solution
- Intern Company Service agreement review
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Payroll & HR Support Services
China抯 employment environment is complex due to the
need to integrate national laws and local policies.
Foreign entities in China, especially new set-ups, will
benefit tremendously from outsourcing their payroll and
HR administration work to Bison&Chang.
Outsourcing of payroll processing
ensures an efficient, accurate, reliable and continuous
service and improves confidentiality of salary
information within the company. By handing the
responsibility and liability for this time-consuming
processing work over to Bison&Chang, our clients
streamline their internal HR departments to concentrate
resources into the core HR roles ?setting strategy,
hiring excellent employees, monitoring employee
performance and ensuring good communication between
management and staff.
China has very complex visa and labor
laws in addition which require an expert to guide you
through the process of the appropriate applications,
social security & housing fund registration and
taxation. With our experience of handling a diverse
range of situations for clients and our grasp of the
labor, tax and employment laws, Bison&Chang is able to
assist your business with these critical operational
steps.
Our services include:
- Payroll Processing Setup
- Monthly Payroll Processing
- Expatriate & Local Employee Services
- Various type of Visa Services (both expatriates and
local citizens)
- Global Insurance and physical checks
- HR Training Course (on board training and company
policy)
- Recruitment Risk Avoidance
- Employee Contract Drafting
- Employment Process Risk Management
- Internal HR Management System Setup
- Internal HR Management Handbook Drafting
- Employee
Performances
Measurement
- HR Risk Management
- Employees Contract Termination Risk Assessment
- Labor Dispute Resolution
- Labor Arbitration & Lawsuit Support
- Candidate background investigation
- Commercial Insurance for employees
- Physical Check arrangement
- IIT calculation and withholding service
- Social Insurance Registration
Investment Advisory
By sharing your investment ideas with our investment
professionals, you can benefit from their specialist
knowledge. You also get a personalized service tailored
to your circumstances, investment objectives, risk
threshold and expectations on projected return.
If you choose to take an active role
in your investment activities, Bison&Chang is here to
assist. We can play an important supporting role,
providing you with specialist advice and guidance that
can help you make valuable decisions.
Bison&Chang will provide the tools
that facilitate you to make better and sound investment
decisions. We can provide guidance to help you
develop an asset allocation strategy and investment
guidelines. Whether you intend to have a long-term or
short-term investment view, Bison&Chang will present you
with the tactical opportunities as and when they align
with your strategy.
Our services include:
-
Investment
Research
-
Propose
investment solutions
-
Evaluate
return on investments
-
Asset
valuation and management
-
Investment
portfolio management
-
Off shore
entity investment
-
Off shore
property investment
Legal Advisory
A business inevitably comes into contact with the law,
often in the two spheres of corporate law or labor law.
At Bison&Chang we strive to answer all your problems,
and our experience in the PRC抯 business landscape means
that our professional legal team are well situated to
delve straight in to finding you a solution. In doing so
we offer you personalized, specific and dependable legal
advice and translation.
Our services include:
-
Legal Due
Diligence
-
Legal
Translation
-
Corporate
Legal Advisory
-
Labor Law
Review & Audits
-
Trademark &
Intellectual Property Legal Advisory
-
Legal Policy
Compliance
-
Trademark
registration
-
Legal
contract review
-
Labor
contract review
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