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COVID-19 has been one of the most impactful health crisis the world has seen in a long time. The Chinese economy is slowly coming back online but with a changed business landscape, making adaptability a necessary quality for any business wishing to thrive in the current situation.
Now more than ever, it is crucial to re-analyse different cost drivers in your business operations. Chinese government has provided several preferential policies to serve as an impetuous for economic growth, business should be sufficiently flexible to enjoy these policies. There are other cost cutting mechanisms, best practices that can be beneficial to your business; however, people often ignore them in a booming market.
In this seminar, we will discuss practical saving tips for your business in China from the perspective of tax incentives, government supports, human resources, and business operations. We hope that all business owners can be aware of these saving tips, and to determine the best fit for your business.
We will discuss possible saving under the following topics
- Government preferential policies available in special economic zone and industrial zone
- Tax refund and exemption, change on taxpayer status
- Human resources strategy, shifting hiring plan
- Savings in daily business operations