Obtaining and Maintaining SAFE Approval for Employee Equity Programs in China
Webinar
25 January 2011
Request for webinar
The issues surrounding obtaining and maintaining approval for equity plans from the Chinese State Administration of Foreign Exchange ("SAFE") continue to be a hot topic, as more and more companies are applying for the approval, and companies with existing approvals grapple with the ongoing requirements.
We last gave an update in July 2010, but already, there have been several new developments that we think are worth reporting on. In particular, we will cover the following topics:
- Update on SAFE filing requirements/process
- Developments in provincial SAFE requirements (beyond Beijing and Shanghai)
- Update on mechanics of repatriation requirements and conversion of currency requirements/timing
- Practical advice on managing risks in China prior to receiving SAFE approval
- Ongoing requirements once SAFE approval is in place and guidance on how to manage the process
- Special considerations for ESPP
- Market information on what US multinational companies are doing with respect to SAFE approval/award types for employees in China
If you are considering obtaining SAFE approval, or are wondering about the ongoing requirements, you will want to listen in on this webinar.