Question 1

What are the regulations for starting a business in China?

Accepted Answer

The following are some of the Chinese foreign company regulations:   1. As a foreigner you are regulated to start  a company category type foreign invested Enterprise (FIE). 2. For technology Enterprises the Chinise law regulates companies with the data security law.

Question 2

How to setup a company in China as a foreigner

Accepted Answer

Here are the steps to set up a company in China as a foreigner: Decide the company name. Prepare the articles of association and Memorandum of association. Prepare the particulars of directors and company secretary, like their identity documents and addresses. Reserve and pay for the chosen company name. Lodge the company application form and the attached documents to the State Administration for Industry and Commerce (SAIC) authority for company registration. Apply for a company business account. Get the registration certicate and apply for a business license.

Question 3

What are the challenges in doing business in China?

Accepted Answer

These are some of the few challenges of doing business in China despite the huge upside: Difficulty to penetrate the Chinese market due to stiff competitions. SODA Global Marketing will help you with this. Unique Chinese culture and language, making it hard to do business in China. You can work with local Chinese marketing experts like SODA Global Marketing to overcome this.  An entirely new online space in China. Unlike the rest of the world where online marketing is dominated by the same, same tech giants. China offers a new bunch of online platforms which are entirely new to people looking to do business in China.

Question 4

How much does it cost to set up a company in China?

Accepted Answer

Depending on the industry and scope of your business in China, the company registration fee will vary. But typically, it costs between $200 to $1000 of company registration fee on avarage to register a company in China.

Question 5

Why do companies set up in China?

Accepted Answer

Companies are setting up in China because of the huge demand and market for goods and serices and the availabiltiy of both skillled and unskilled labour for any industries. Companies are also flocking to invest in China due to the recent rise of the middle class with high purchasing power in China.

Question 6

Can foreigners start a company in China?

Accepted Answer

Yes. Any foreigner can setup a company in China. As long as one is law abiding and without a criminal record, any one is free to register a company in China as long as the company is legally registered and meets the Chinese set company regulations for foreign invested Chinese companies.

Question 7

Does China have a company registry?

Accepted Answer

Yes. China has a company registry. The government authority concerned with the registration and regulations of companies in china is the State Administration for Industry and Commerce (SAIC).

Question 8

How to get a China business registration certificate?

Accepted Answer

Here are the steps required to get China business registration certificate: First you have to decide the name of the company to be established. The second thing is preparing the articles of association and Memorandum of association for your company. Then prepare the particulars of directors and secretary of the company as documents. Reserve and pay for the chosen company name. Lodge the company application form and the attached documents to the State Administration for Industry and Commerce (SAIC) authority for the company registration. Pay for the company registration certificate. Wait for the company registration certicate to be processed by the SAICand apply for a business license.

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