Many people with great ideas decide that they want to go it alone and start their own business. Those with the best chance of ever going on to make their dreams a reality will plan carefully and listen to the best advice.
Once underway, they may decide that their business could benefit by expanding overseas, which while an exciting thought, needs careful consideration. Which is why those thinking of the Far East as a destination, need the best advice when it comes to China business registry, which can fortunately be offered by a professional company with years of experience.
- Fortunately, the expertise can guide any foreign business, investor, or funded startups to start and manage a business in China. Those deciding it is a good idea should ensure that they align with those who guarantee mutual respect to build a trusting relationship as they provide full expertise throughout the process and additional support where necessary thereafter.
- Expert guidance is invaluable throughout the entire company registration process, which can seem very daunting to those doing it in their homeland, never mind overseas. Finding a team that can offer time-saving services which can see registration complete in 3 to 4 weeks will provide peace of mind, along with transparent pricing so budgets can be adhered to. Perhaps such a modern business may wish to also revolutionise their staffing strategies.
- There are several structures to choose from, with the most popular being a wholly foreign-owned enterprise, or WFOE, which we will concentrate on. This allows for a foreign investor to fully own the Chinese-based business and remain the legal representative as well as being able to appoint a supervisor. It can be fully operated from overseas so there are no relocation costs.
- It is wise to continue to use the previous providers of the best advice when formulating an investment structure, leaving themselves to consider the complexities and lead time. Legalised documents must be obtained from relevant Chinese Embassies or Consulates. This is where expert guidance can again prove invaluable.
- Choosing the right location can influence tax, which is collected in each district. Offer factors to consider are the accessibility to the nearest city, whether will it be a good place for recruitment and what are the tax benefits from one district to another. Another important part of the decision-making is whether suppliers and customers are within sustainable proximity. Maybe a visit to the successfully operated business may include a trip to a world-famous attraction.
- Depending how the business operates in, special licenses may be required. For instance, it can take between 1 and 3 months for the correct paperwork to deal with the food industry or construction. Registered capital is also important to put into the equation as the amount determines the amount the investor can contribute tax-free.
Setting up business in China offers many attractions, but it must be carefully planned, with the assistance of experts being a wise move to ensure compliance and all the procedures are correctly followed.