The business-friendly governmental programs and the permissive legislation that sustain the foreign investments in China are appreciated by international entrepreneurs who see this country as a great startup destination that allows access to other markets too. Interested in the conditions of opening a startup in China? You are invited to talk to our company formation agents in China and solicit information and guidance right away. We are here to help you create a business plan and to help you with the incorporation formalities of company registration in China.
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What is the proper business structure for a startup in China?
WFOE or the Wholly Foreign-Owned Enterprise is dedicated to international investors in China and it is the best option for a wide range of activities. Your startup in China can run under the rules of a WFOE in China that can be established with a minimum share capital or CNY 30,000 deposited in a local bank account. We can provide complete services for international entrepreneurs who want to open companies in China, so you should address your requests to our specialists.
Steps for opening a startup in China
Once you decided on business formation in China, it is recommended to have a specialist by your side and let him/her create a good business plan for your startup. Here are a few steps to consider when opening a startup in China:
- Choose the business structure – the WFOE is the structure that suits most of the business needs of an international investor and can be chosen for a startup.
- Create a business plan – this task can be easily handled by our specialists if you tell us what kind of activities you want to develop.
- Decide on the location – China is a large country, but one should choose the region or the city in which he/she can develop.
- Respect the local laws – Specific licenses and permits might be necessary for your future operations. These are issued by the State Administration of Industry and Commerce in China.
- Register for taxation in China – this is required for companies in China.
- Obtain the company seal – you are ready for business.
All the above-mentioned steps are part of the incorporation process of a company in China. Complete support and guidance can be offered by one of our specialists in company formation in China. We are at your disposal for creating a business plan for your future startup in China. Here is extra information about startups in China:
Do I need a local partner for a startup in China?
Even though it is not an obligation, you can consider having the support of a local partner and understand even better the business climate and the socio-cultural environment of China. Some partners might open paths to all sorts of collaborations that can help your startup grow, so bear in mind this kind of support.
A website for your startup in China
Startups in China need a solid marketing and promotion plan to create awareness on the market right from the beginning. Even if it is a competitive market, it is always room for new businesses that can be sustained and promoted with the help of a website. The online environment is quite appealing in China, and most of the businesses are listed on the internet, whether on varied sale platforms or on dedicated websites. If you want to create a website for your startup in China, you can talk to us for assistance and recommendations.
Why make investments in China
China is home to a large number of businesses and successful companies, whether established by local entrepreneurs or by international investors. China is a great market with worldwide connections in terms of business and partnership, so numerous investors already enjoy the profits generated in this country. For instance, more than 60,000 foreign companies were registered in China in 2018 solely. Being the largest FDI recipient in the world, the country continues to offer great business opportunities and conditions to all interested in operating in complete confidence and competitiveness. You can analyze the following facts and figures that show the business direction of China:
- a major improvement was highlighted by the World Bank and the 2020 Business report that ranks China 31st out of 190 economies in the world, compared to 46th for the previous year;
- around USD 1,627,719 million was the total FDI stock for 2018 in China;
- 871 was the approximate number of greenfield investments in China in 2018;
- Germany, Hong Kong, UK, Singapore, and South Korea are China’s main investors and business partners.
International entrepreneurs interested in startups in China can contact our team of company formation agents in China for information and support.