Welcome to our ECOVIS Ruide News and Blog section

Here you will find information about our company’s events organization to accounting, tax and consulting topics on which regulators in China are about to publish, enforce or change regulations and requirements.

Furthermore you can via this page also access our Focus China Blog. Be ready for monthly updates in form of articles from our professional auditors and tax consultants, and news of events and changes in China’s tax laws as they happen.

Bookmark our site, and check back often to learn more about the news influencing your finance, controlling and accounting departments and to stay on top of changes to your business environment before and as they happen to the advantage of your overall business.

The "director contract" in a GmbH

Author：ECOVIS Ruide China
Date：2024-11-30

As Chinese companies accelerate their pace of internationalization, an increasing number of them are choosing to establish limited liability companies (GmbH) in Germany and appoint managing directors to oversee local operations. This trend underscores the importance of understanding the German legal framework and contractual requirements. In a German GmbH, the term "Director" typically refers to the position of *Geschaeftsfuehrer* (managing director or general manager). The appointment of a "Director" differs from hiring a regular employee, as it requires drafting a management contract, which is governed by the provisions of a service contract. This article provides an overview of the legal framework and key components of a "managing director contract" required when appointing a "Director" in Germany.

ECOVIS@Austria Connect China 2024

Author：ECOVIS Ruide China
Date：2024-10-31

On October 24-26, 2024, as the largest Sino-Austrian business event in the Greater China region, the Austria CONNECT China 2024 was grandly held at the Murray Hotel in Hong Kong, with the theme of "Navigating New Horizons: Unleashing Opportunities in Hong Kong, the Greater Bay Area & Beyond".

China’s new company law 2024 and liabilities – why the Supervisor can still be useful

Author：ECOVIS Ruide China
Date：2024-10-31

Even though underestimated many times, the Supervisor could play a crucial role in the performance of a Chinese business. Being on an equal level of communication with the management comes with many plus points. The new company law brings profound changes for company representatives, shareholders, capital distributions and the Supervisor. Where after the old law a Supervisor was mandatory, this won’t be the case from 1 July on. This change could make the Supervisor even more important than ever. Why?