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New PRC tax treatment for disposal of offshore intermediate holding companies

  • Squire Patton Boggs
  • -
  • China
  • -
  • January 12 2009

Offshore holding companies have been widely used by investors from outside the PRC to structure their investments in China, especially if the investor intends to dispose of its China interests in the near future

Further guidance on investing in China with offshore RMB funds

  • Baker & McKenzie
  • -
  • China
  • -
  • October 31 2011

On 12 October 2011, the PRC Ministry of Commerce announced further detailed rules for foreign investors to use their offshore RMB funds to invest in China under the 16-articled Notice of the Ministry of Commerce on Issues relating to Cross-border RMB Direct Investment (Shang Zi Han 2011 No. 889

What the future holds for china’s VIE

  • Kaye Scholer LLP
  • -
  • China, USA
  • -
  • September 25 2012

Two recent and noteworthy events in the US and China cause one to ponder what the future holds for the variable interest entity (VIE), an ingenious creation which, for the past decade, has been widely used to attract eager foreign capital, because it seems to have overcome certain People's Republic of China (PRC) regulatory hurdles facing foreign investors while cleverly using US and international accounting standards that would inject financial life in to offshore companies even though such offshore companies do not own an equity stake in the Chinese operations

New SAFE Rule Circular 19 reigniting round-trip investment in PRC

  • Morrison & Foerster LLP
  • -
  • China
  • -
  • June 14 2011

On May 27, 2011, the State Administration of Foreign Exchange of PRC (“SAFE”) issued Operating Instructions on Foreign Exchange Administration for Domestic Residents Engaging in Financing and Round-tripping Investment via Overseas Special Purpose Vehicles (“Circular 19”), which goes into effect on July 1, 2011

Offshore equity transactions: implications of recent changes to corporate tax law in China

  • Ogier
  • -
  • China
  • -
  • April 9 2010

The Chinese State Administration of Taxation (“SAT”) issued Circular 2009 No. 698 (“Circular 698”) on 10 December 2009

Analysis on Circular 698 and the latest opinions of the State Administration of Taxation (part II)

  • Grandall Law Firm
  • -
  • China
  • -
  • January 24 2014

The Circular 698 states from the very beginning that “Proceeds from an equity transfer arising from the purchase and sale of the stock of Chinese

Analysis on Circular 698 and the latest opinions of the State Administration of Taxation (part I)

  • Grandall Law Firm
  • -
  • China
  • -
  • January 24 2014

As a result of the global financial crisis in 2008, many countries have been with fiscal difficulties these years. From then on, series of methods

Managing offshore holding companies from China: recent case may suggest increased tax risk

  • Morrison & Foerster LLP
  • -
  • China
  • -
  • October 28 2013

As our readers know, foreign investments into the People's Republic of China ("PRC") are typically structured through one or more holding companies

Using offshore RMB funds to invest in real estate and other assets in China: further legal rules announced

  • Baker & McKenzie
  • -
  • China
  • -
  • October 19 2011

On 12 October 2011, the PRC Ministry of Commerce announced further detailed rules for foreign investors to use their offshore RMB funds to invest in real estate and certain other types of projects in China

London as offshore RMB centre

  • Dentons
  • -
  • China, United Kingdom
  • -
  • June 22 2012

In a speech at the London-Hong Kong renmimbi (RMB) conference, the Commercial Secretary to the Treasury, Lord Sassoon, said London is perfectly placed to be the “Western Hub” for the international RMB market