Your firm doesn’t have to be sending people to work on deep-water oil rigs or in terrorist hot-spots to expose itself to legal and ethical risks when expanding overseas. In fact, you're more likely to find yourself dealing with more mundane threats, like food poisoning. Events like these serve as the most potent reminders of an international business’s duty of care to the employees it sends overseas.
Why does setting up operations in China give finance and human resource professionals pause? China has very complex business and tax regulations that can be utterly mind boggling for foreign businesses. Complicating the issue is the fact that regulations are subject to frequent change, as well as different interpretations by both state and local authorities. It can be a challenge just to keep track of what’s permitted, where, at a given point in time.
Here are some China business practices to consider when getting your operation off the ground.