Why setup business in China?

With a population of 1.5 billion people, China is the most populous country in the world. Of that 1.5 billion population around 500 – 600 million are consumers. This equates to just over the population of the entire European Union.

The Chinese government over recent years has made a big push towards turning the Chinese economy into a service based economy with services such as IT and Financial services. As the UK & Ireland economies are along the lines of service based economies it creates excellent opportunities for businesses. The Chinese government has also over recent times made it easier for foreign businesses to enter into China by creating free trade zones and making regulations less restrictive.

In Hong Kong the business enviornment is more western due to the history of being a former British colony. Some businesses may prefer to setup in Hong Kong due to less red tape compared to the mainland market. However this is fast changing.

About the Service

We provide clients along with our partner with a service to help enter the Chinese market in whatever form they require from partnerships, complete enterprises or a representative office. We will research the market to get the best location and help in all ways possible to help grow and develop the business inside China. We will help you develop your market entry plan along with business plans that maybe required by partners in China. Through our partner we can also provide market entry to the Chinese market via Hong Kong.

Publications

Our partner has written a number of publications in the area of starting business in China. See below for details:

Starting a business in HK

China Company Comparison Table

Business in Shenzhen

WFOE Checklist

Our partner

Hongda Business Services has been assisting foreign companies with setting up and managing local Chinese businesses in Shenzhen, Guangzhou, around the Pearl River Delta (PRD), in Shanghai, and in Hong Kong since 2007.

Their local China experts, some of whom have more than 15 years experience in dealing with foreign companies doing business in China, are fluent in English and Chinese and specialize in the disciplines you need. Services include WFOE in China set-up in Shenzhen and beyond, China accounting, Hong Kong company registry, and China work visa applications.

Some of Hongda's clients have been Lenovo, enveflo, Sound United and Travis Perkins.