China Business & Economy | China - Accountant company

China Business & Economy | Chinese Accouting

Contracting

Creating bilingual legal contracts
Distribution and supply contracts
Import-export contracts
Offshore contracting
Sales representative contracts
Financing and investment contracts

Lehman & Co. assists clients doing business under contract in China, helping to ensure that the foreign contractor is legally protected and the Chinese signatory is fully prepared to fulfill the terms of the contract. Because foreign-Chinese contracts are almost always in both Chinese and English, it is also to review the contract in both languages before signing.

Many foreign companies do business in China exclusively under contract, rather than incorporating a company in the PRC. Lehman & Co. provides a wide variety of on-the-ground services to such companies that lack a physical presence in China, including due diligence, legal assistance, quality assurance, and corporate interfacing.

Because China utilizes the Value-Added Tax (VAT) and has a convoluted import-export tax system, there are also a number of tax issues relating to contracts that may be important to foreign contractors. It is important to understand the tax laws (both at home and in China) relating to doing business as a foreign company under contract in China before initiating a business venture in the PRC.

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