China CFO: Optimizing profit repatriation and cash allocation

Richard A. van Ostende

Categorie: Management

€ 16,99
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In this book multiple channels for repatriating profits from China are discussed. Focus starts with the more conventional means such as payment of dividends and royalties and service fees via intercompany payments and continues with the more recently introduced channels of effecting RMB and foreign exchange intercompany loans and cross border cash pooling. Per channel requirements and procedures are described step by step, which help navigating through China’s strictly regulated foreign exchange controls. The information aims to support entrepreneurs with relevant insights to successfully repatriate profits from China and optimize funds in present within their China-based operations.

Uit het boek

Since the start of its reforms in the early 80’s of last century, China’s economy has been developing rapidly with a growth rate of more than 8% year on year, transforming the Chinese economy into the world’s second largest economy in terms of size.
 
Over the years, China has acquired an increasingly prominent role in international trade, which is expected to continue to increase in the years to come. Its importance cannot be ignored and is further underlined by the fact that during the current economic slowdown, China’s economic developments are the driving force behind worldwide economic growth.
 
When considering to do business with China or when developing and expanding existing businesses in China, it is important for foreign companies to develop a strategy on how to repatriate profits most effectively.
 
In this book multiple channels for repatriating profits from China are discussed. Focus starts with the more conventional means such as payment of dividends and royalties and service fees via intercompany payments and continues with the more recently introduced channels of effecting RMB and foreign exchange intercompany loans and cross border cash pooling.
 
Per channel requirements and procedures are described step by step, which help navigating through China’s strictly regulated foreign exchange controls.
 
The purpose and functioning of Double Taxation Agreements are highlighted, as well as how application for the use of these agreements these can benefit businesses in lowering tax liabilities and thus optimizing profits.
 
The information provided is not exhaustive, it aims to support entrepreneurs with relevant insights to successfully repatriate profits from China and optimize funds in present within their China-based operations.

Over de auteur

Richard van Ostende lives and works in China since early 2007 and is currently based in Shanghai. During his career Richard held several senior financial management positions and currently holds the position of Finance Director Asia Pacific for a European multinational and is responsible for Finance, Controlling, Administration and IT throughout the region.

From these capacities he has remitted accumulated profits and excess working capital abroad, using a combination of constructions described in this book.

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Productinformatie

Titel:

China CFO: Optimizing profit repatriation and cash allocation

Auteur:

Richard A. van Ostende

Categorie:

Management

Aantal pagina's:

94

Geïllustreerd:

Ja

Uitvoering/Formaat:

Paperback 16 x 24 cm

Verschijningsdatum:

07-04-2017

ISBN:

978-94-0223-513-5 / 9789402235135

Vaste prijs:

€ 16,99