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China and the WTO
Charles W. Freeman III

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CHINA: "Transfer Pricing: China Steps Up Documentation Enforcement in 2010"

CHINA: "Transfer Pricing: China Steps Up Documentation Enforcement in 2010". 3-page Alert by Baker & McKenzie.

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backCHINAtalk July, 2008

Navigating China's Visa Problem

Doing business in China can be lucrative, but obtaining visas has become more difficult. Foreigners who hope to operate a business or a branch in China need to apply for a "Z" work visa that can cost $2,000 to $5,000 to file and $8,000 to $10,000 in legal fees.

Applicants must also pay a minimum "capital requirement" to be deposited in a bank in China at the time of registration; that sum is determined by a local government in China. Individuals who need to conduct business in China without opening a company or branch need to get an "F" visa that costs about $130. Such visas require that the applicant obtain a formal invitation from the entity he or she is doing business with. Tourist visas also cost $130, and anyone who illegally runs a business while unregistered runs the risk of having their business shut down by police "in one day," says international lawyer Dan Harris, while foreigners with invalid visas are fined. Their passports are also stamped with a statement reading, "has to leave China within 10 days," which essentially prohibits the issuance of a future visa to China, says Harris. He says by being tougher with foreigners, nationalism is boosted, which helps keep the government in power.

Source: Globality magazine - GAI

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