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China Expert Global Expansion

SBA Stone Forest (“SBASF”) is an international advisory and public accounting group, and a wholly-owned subsidiary of RSM Stone Forest in Singapore. We are headquartered in Shanghai with offices in Beijing, Suzhou, Shenzhen, Chengdu, Hangzhou and Hong Kong.

For over 20 years, we have provided expert knowledge and comprehensive, hassle-free solutions for companies entering or currently operating in China, ensuring they remain compliant with local regulations.  If you aim to manage and operate your business efficiently in China, our proactive, in-market professional team is dedicated to helping clients overcome the challenges associated with international best practices in the region.

China Experts Global Expansion

As a proud member of the Allinial Global network, we not only assist businesses operating in China but also help them expand globally. With a global reach of 947 locations in 105 countries, including over 60 cities in China, we are well-equipped to support businesses in achieving effective local operations by  providing one-stop business solutions.

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How We Can Help You In China

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Incorporation in China

Establishing a business presence in China can unlock significant opportunities for foreign enterprises, given its vast market and rapid economic growth. The incorporation process typically involves selecting the appropriate business structure, such as a Wholly Foreign-Owned Enterprise (WFOE), Joint Venture (JV), or Representative Office, each with its own regulatory requirements and implications. Companies must navigate local laws, register with relevant authorities, and obtain the necessary licenses and permits to ensure compliance with Chinese regulations.

By partnering with our experts, foreign businesses can streamline the incorporation process, mitigate risks, and position themselves for success in one of the world's most dynamic markets.

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Land and Expand

The "Land and Expand" strategy is a powerful approach for foreign enterprises looking to enter the Chinese market. This strategy involves initially establishing a presence in China and then gradually expanding operations, customer base, and service. Foreign companies can effectively implement this strategy while addressing critical aspects such as compliance, professional services management, and internal control formation.

Here’s an overview of how Foreign-Invested Enterprises (FIEs) can use professional services to enhance their management while addressing critical aspects such as compliance, professional services management, and internal control formation.

√ Initial Entry and Compliance

√ Outsourcing of Recurring Services Like Accounting and Payroll

√ Compliance for Expansion Across Multiple Locations

√ Formation of Internal Control Systems

√ Reporting and Monitoring

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HR Advisory and Payroll

When foreign enterprises expand into the Chinese market, effective human resource management becomes a crucial factor for success. HR advisory and payroll services play a vital role in managing people in China, ensuring that businesses can bridge the gap between their organizational goals and the needs of their employees for sustainable growth.

√ Set Up Roles and Responsibility along with Organization Chart

√ Supporting Smooth Onboarding

√ Employee Benefits Package Design and Implementation

√ Compliance in HR Practices and Payroll Processing

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Partner for International Tax

Our firm is equipped with a team of experienced professionals who possess in-depth knowledge of local regulations and tax policies. We offer a comprehensive range of services, including tax advisory, compliance support, professional tax verification services and strategic planning, to help foreign companies navigate the complexities of the Chinese market. Our goal is to ensure that our clients achieve successful market entry and sustainable growth while efficiently managing their tax obligations. Our independent CTA (Certified Tax Advisor) firm provides sign-off for tax authentications, including:

√ Verification of Annual Corporate Income Tax Filing

√ Verification of Deductible Asset Loss for Corporate Income Tax Purposes

√ Verification of Super Deduction of R&D Expenses

√ Verification of High-Tech Revenue and R&D Expense for High and New Technology Enterprise Recognition Purposes

√ Other Tax-Related Verifications

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Delivering High value-added services for expanding

We offer a variety of high-value services tailored to business expansion, equipping companies with the insights and strategies necessary for thriving in the Chinese markets. These services include: 

√ Transaction Support

√ Pre and Post M&A Support

√ Investigations and Forensics

√ CFO Support

Serving Internationally Active Companies

Over the years, we have walked alongside our clients, earning their long-lasting trust and recognition.

We continue our journey, always in search of excellence, providing quality service and support to our clients.

Embrace change, and strategise for the future.

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Our Services

  • Assurance
  • Non-Assurance

 

Tax

Our Services

  • Compliance & Planning
  • Tax Advisory

 

Business Advisory

Our Services

  • M&A
  • Pre-IPO Review
  • Transaction Support

Corporate Secretarial & Advisory

Our Services

  • Corporate Secretarial Services
  • Corporate Advisory
  • Legal Services

Accounting & Advisory

Our Services

  • Accounting Outsourcing
  • Accounting Advisory
  • CFO Support Services
  • Audit Support Services
  • Onsite Support Services

 

HR Advisory & Payroll

Our Services

  • Global Payroll Outsourcing
  • HR Information Syestems
  • HR Advisory
  • Services for Expatriates in China
  • Equity Incentive
  • Onsite Support Services

Global Expansion Advisory

Our Services

  • Strategic Planning
  • Positioning & Optimisation
  • Incorporation & Initial Set-up

 

 

National Accounts Management

Using national account management methodology to ensures that the client receives consistent service and experiences across all their locations, regardless of geographical differences. This consistency helps build trust and streamline operations.

Assign an account manager with PMP certificate as the key contact window, centralize coordination efforts, making it easier to manage multiple sites without having to juggle between different teams or points of contact.

This methodology allows for tailored strategies and solutions that meet the needs of the client across diverse locations, while still adhering to overarching goals or standards that the client has established at a national level.

In  summary, national accounts management is effective for multi-location clients because it simplifies service delivery, enhances consistency, and ensures a cohesive approach to managing their needs at a national level, benefiting both the service provider and the client by offering one point of contact.

Case Study 1

Our Engagement

Provide our professional services since Y2015

1. Assist the client in tax declaration for branches overall China:

  • One point of Contact for the client’s 150 stores overall China 
  • Traveling arrangement of the legal representative for registration and bank setup of local branches.

2. Recurring services:

  • Accounting and Advisory Services
    - Tax compliance
    - Annual Inspection
  • Payroll Services
    - Payroll calculation
    - Monthly IIT filling

The Client

The client is an international athletic apparel company that has established retail shops in Shanghai and Beijing since its entry into the China market in 2013. It also has an online shop on a Chinese business-to-consumer e-commerce website. 

Our Approach

  • SBA Stone Forest assisted in expansion of Client’s business development during the rapid expansion of stores. We have offered our professional solutions in national accounts management and vendor assessment management for assisting the client to expanding their business smoothly and rapidly in China. 

  • SBA Stone Forest’s dedicated service team provided full scope one stop services and help the clients to meet compliance requirements and let the client to focus on their core business. 

Case Study 2

Our Engagement

Provide our professional services since Y2021

1. Assist Tax Filing Process Outsourcing

  • Process tax filing outsourcing service for 200 more entities located in over 100 cities
  • Assign a project manager with national tax filing experience and understanding of tax differences across the country to manage and train the project team
  • Complete the tax amount calculation in advance to ensure the payment of taxes by client’s fund pool and complete the tax filing and fapiao issuance in time
  • Periodically report to clients for any issues and service feedback

2. T&E Process Outsourcing

  • Process T&E outsourcing services for 10 more entities, over 6,000 invoices per month
  • Assign one project manager to confirm the procedures, deliverables and overview the correspondence with client
  • Complete the collecting, recording and reviewing of bills, and provide efficient and timely invoice management services
  • Periodically report to clients for any issues and service feedback 

The Client

The client is a global integrated energy company located in French. It produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. 

Our Approach

  • We have offered our professional solutions in national accounts management and vendor assessment management for assisting the client to expanding their business smoothly and rapidly in China. 


  • We have established a dedicated team focus on client’s financial sharing service center’s tax filing and reimbursement module work. Our team work closely with clients to resolve the tax and invoice issues, help the clients to meet compliance requirements and let the clients to focus on their core business. 

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A Handy Guide to Doing Business in China 

This edition of A Handy Guide to Doing Business in China offers new updates and insights, such as the “Belt and Road Initiative (BRI)”, that are relevant to investors. Common questions answered include: How does the BRI affect business decisions? How do I decide on an appropriate business entity to set up operations in China? What unique taxation and accounting issues should I be aware of to ensure compliance? What are the unique administrative procedures in areas such as establishment, taxation, employment and liquidation?
A Handy Guide to Doing Business in China is an informative guide produced by SBA Stone Forest.

Resource

Download your free copy of “Doing Business in China”

SBASF_Website-Map_About SBASF

 

Why Us?

International businesses appreciate our Singapore background as it reflects a commitment to high standards and international best practices. We adhere to the same systems and service culture established by our parent company, ensuring that our clients receive the highest level of service and professionalism.

As your trusted local advisors, we empower you to navigate uncertainty, manage risk, and seize opportunities. With a deep understanding of your business and industry, we deliver tailored solutions that adapt to the ever-changing global landscape, ensuring you thrive and make confident, strategic decisions as you grow.”

How can we help?

Complete this form and a SBA Stone Forest representative will be in touch.