China has undergone the greatest economic transformation in the history of the world. A mere 25 years ago, the Chinese economy was only the same size as the economy of Spain, now it is second only to the United States of America. China is the greatest single recipient of foreign direct investment, foreigners have established all sorts of foreign invested enterprise's "FIE"whereby capital requirement is required by the rules, regulations and policies of China's foreign investment laws.
China has undergone the greatest economic transformation in the history of the world. A mere 25 years ago, the Chinese economy was only the same size as the economy of Spain, now it is second only to the United States of America. China is the greatest single recipient of foreign direct investment, foreigners have established all sorts of foreign invested enterprise's "FIE"whereby capital requirement is required by the rules, regulations and policies of China's foreign investment laws. Among numerous issues affecting multinational corporations doing business in or with China, legal and systematic repatriation cross-border funds remittance is arguably an extremely frustrating and more than challenging matter.The China organ that regulates repatriation, the State Administration of Foreign Exchange"SAFE" stated that most of the violations and inability to repatriate funds by FIE's and Chinese businesses doing business with foreign companiesis caused by ignorance of legal and tax professionals on dealing with SAFE foreign exchange administration laws, regulations, policies, proper documentation execution and regulations.Most FIE's do not clearly understand the latest SAFE administration regulations and their implications, LEHMAN, LEE & XU China & Mongolian Lawyers (www.lehmanlaw.com) have been dealing with these matters for 20 years in mainland Chinaand in this special SAFE master class they will impart through practical examples and with case studies, documentation and forms, a road map as to how to successfully deal withall FIE and foreign companies involved in China repatriation matters. LEHMAN, LEE & XU China legal and tax professionals will explain how an FIE can properly repatriate funds in various forms such as dividend, royalty fee, management fee, a combination of royalty and management fee and management and know-how (when there is no intellectual property at issue). LEHMAN, LEE & XU will explain in detail the common traps FIE's must pay attention toandissues to spot when dealing with SAFEbefore you decide to organize and repatriate funds, so the strategy is proactive, rather than reactive or unsuccessful.
Edward Lehman, legal affairs commentator for China Central Television, managing director of LEHMAN, LEE & XU China, and an expert in China tax and foreign exchange issues will share with FIE executives and Chinese legal counsel related issues on foreign exchange management with regards to SAFE and pro-active strategies when dealing with cross-border transactions in China. Further the LEHMAN, LEE & XU Master Class will deal with intellectual property licensing issues, domain names registration, trademarks and service marks registration, and trade secrets and how these issues are related to repatriation of fundsfrom the mainland and China tax planning ideas and China practical handling advice as it pertains to SAFE matters.The LEHMAN, LEE & XU China half-day master class will be held in LEHMAN, LEE & XU China's building at the China Ministry of Foreign Affairs Liangmaqiao Diplomatic Compound (beside the Embassy of the United States of America in Beijing) 22 Dong fang Dong LU on June 21, 2012 from 8.30am to 11am (breakfast to be provided). For registration or any further information, please contact Claire Yao, LEHMAN, LEE & XU China Administrator at [email protected]The Master class will be conducted in Chinese & English and all case studies and forms will be provided on a complimentary basis in Chinese & English.
For more information on LEHMAN, LEE & XU China see www.lehmanlaw.com
For more information on LEHMAN, LEE & XU Mongolia see www.lehmanlaw.mn