Why Start a Business in China
Why Start a Business in ChinaUpdated on Sunday 02nd February 2020
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China is one of the most important emerging markets in the world and one that offers many business opportunities for foreign investors. Its fast growing economy and low labor costs are just two of the reasons to consider starting a business in China.
Our Chinese law firm can help you start a company. The language can be a barrier and the business environment different from that in other countries. However, despite the initial differences and challenges, China is an excellent place to start a business.
Advantages of doing business in China
China is a country that provides great access: outside the country through imports and exports in the Asian area and inside the country because of its potential for selling consumer goods. The fast economic development of the country gives the investors the possibility to place goods on the market and, at the same time, expand the business. The advantages of doing business in China include:
- a large emerging market with great potential;
- trained workforce;
- a dynamic economy;
- low labor costs.
Our Chinese attorneys can help you learn more about the business start-up costs if you want to open a company in China.
We invite you to watch a short video about the reasons to open a business in China:
What to consider when deciding to invest in China
While the market size and products opportunities are advantages for starting a business in China, foreign investors are advised to seek professional help or assistance when deciding to enter the Chinese market. Business relationships need to be built carefully and certain processes and business protocols will be different from those in other countries.
When registering a business, it is advisable to seek the services of a professional who can help you submit all the necessary documents (in Chinese if applicable) and obtain all the necessary business permits and licenses. If you are looking forward a new partnership with a Chinese company or if you are interested in purchasing a company or performing a merger, our Chinese attorneys can help you with a company due diligence procedure. They can also help you obtain the EORI number for your company.
For more information about investing in China and business opportunities for foreigners, you can contact our Chinese law firm.