Cathy Accounting Firm

23/05/2026

“Can I actually send my salary from China back to my home country?”

This is one of the most common questions expatriates ask after starting work in China, especially during the first few months of adapting to a completely different financial system.

For many foreign workers, understanding how international money transfers work in China can feel confusing at first. Banking procedures, documentation requests, and transfer rules are often very different from what people are used to in their home countries.

The good news is that learning how the process works early can help avoid unnecessary stress later.

This video touches on an important topic every expatriate working in China should understand sooner rather than later.

20/05/2026

Can foreign-invested company capital be used for any payment in China?

Not exactly. Once the capital arrives, the bank carefully checks how the money is being used. The funds must support legitimate business operations, and most payments require supporting documents before approval.

This includes expenses such as office rent, supplier payments, equipment purchases, utilities, and travel expenses. Employee salaries are generally easier to process and usually do not require invoices.

For other transactions, contracts and invoices are essential. Without proper documentation, payments can be delayed or rejected by the bank.

Understanding these rules early helps foreign companies avoid compliance problems and operational disruptions in China.

What challenges have you faced with international business banking?

16/05/2026

A lot of companies operating in China believe that once profits are generated, sending money overseas is simple.

But international dividend transfers involve far more than most business owners expect.

Between tax obligations, compliance procedures, and supporting documentation, even experienced companies can face unexpected challenges if they are not properly prepared.

As more foreign-invested businesses expand globally, understanding these financial processes is becoming increasingly important for long-term international operations.

This video covers one of the most important topics for companies dealing with cross-border finance and overseas fund transfers from China.

13/05/2026

China has one of the most advanced tax monitoring systems in the world, and it is already analyzing your company's invoices in real time.

The Golden Tax System has evolved into an AI-powered platform that automatically cross-checks tax, banking, and customs data. For foreign companies operating in the country, understanding how this system works is no longer optional, it has become an essential part of risk management.

Is your company's invoice process ready for China's new tax rules?

👇Read the full article and find out.

China Golden Tax System explained for foreign companies: VAT invoice compliance, e-fapiao rules, and Phase IV tax risks in China.

11/05/2026

Thinking about expanding a company from China to overseas markets?

Most businesses focus on the opportunity abroad… but very few are prepared for what needs to happen inside China first.

As more Chinese and foreign-invested companies pursue international growth, outbound investment regulations and approval procedures are becoming a major topic for finance, legal, and management teams.

Understanding these processes early can help companies avoid delays, compliance risks, and unexpected complications during international expansion.

09/05/2026

🚨 Are you renewing your company’s business license every year in China… unnecessarily?

This is one of the most common misconceptions among foreign businesses. Many assume that maintaining a valid business license requires annual renewal, but that’s not actually the case.

The real requirement lies elsewhere, and overlooking it can lead to serious consequences for your company, including penalties, operational issues, and reputational impact.

Understanding the difference between what needs to be maintained and what must be actively filed every year is critical for staying compliant in China.

Small compliance gaps can quickly turn into bigger problems if ignored.

▶️ Watch the video now!

07/05/2026

Does a foreign legal representative in China need a work visa or to live there?

No, a foreign legal representative of a company in China does not need to live in the country, and a work visa is not always required. It depends on whether they are actively working and being paid in China.

If they are only appointed as legal rep, a business visa is usually enough. A work permit is only needed when they are actually managing operations locally.

This is a key compliance point that many companies misunderstand when setting up in China.

Have you checked how your structure is set up?

01/05/2026

Behind every growing business, there’s a lot of work people don’t see.

From setup to daily operations, it takes consistency and the right support to keep things running smoothly.

Happy Labor Day!

29/04/2026

Did you know that taking your profits out of China involves withholding tax, government approvals, and a full audit?

If your company operates in China, this is a must-read before your next dividend distribution.

We broke down the entire process, step by step, no jargon. 👇

Dividend repatriation from China involves withholding tax, SAFE approval, strict documentation. Learn the treaty rates and what causes delays.

28/04/2026

Delighted to share my session, Partnering for Success between China and Europe, at the MGI Europe meeting.

Really appreciate the positive feedback from peers across Europe. Glad to help them better understand China and explore tangible ways for China-Europe cooperation.

Communication builds connection, and collaboration creates win-win results.

27/04/2026

What if you’re not just working… but missing the chance to scale?

A lot of people focus on earning commissions and managing deals, but don’t think about the structure behind it.

There’s a bigger opportunity: creating your own company as a vehicle for your business.

This allows you to operate more strategically, especially if you’re working between suppliers and international clients. It’s not just about earning income, it’s about how you receive it, manage it, and grow from it.

And more importantly, it opens the door to something many overlook: expansion.