Business in china essay

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Business in china essay

It has become easier for entrepreneurs to start new businesses without quitting their day Jobs. Still with starting a new business always come risks.

Small business administration half of small businesses fail within their first 5 years. Among the challenges facing many businesses today re: However, depending on your kind of business and location, you may find reduction in cost.

Surplus may cut better deals, rent could be lower and workers may be more willing to work for less. You could probably hire better people more cheaply starting out now that you could when things were booming.

This is why a lot of businesses are importing goods or even starting business in other countries. Throughout this paper, I will explain the process that needs to be taken to start a business in China.

I will also discuss the cultural and language barriers that are often encountered. First, I will start by letting you know the registration requirements including; timeshare and cost association. Orientation to the registration requirements were found at Doing Business.

Org website, which are the most important steps when starting a business.

If you are too lazy to read the review watch the videos below.

Org the following are the requirements: Obtain a notice of pre-approval of the company name, 1 day, no charge 2. Open preliminary bank account; deposit fund in the account and obtain the certificate of deposit, 1 day, no charge. Obtain capital verification report from an auditing firm, 2 days, ARM Obtain the approval to make a company seal form the police department, 1 day, no charge.

Business in china essay

Make a company seal 1 day ARM Register for both state and local tax with the tax bureau, 10 days, ARM Open a formal bank account of the company and transfer the registered capital to the account, 1 day, no charge.

Purchase uniform invoices, 1 day, ARM 1. File for recruitment registration with local career service center, 1 day, no charge. Register with Social Welfare Insurance Center, 1 day, no charge. Org The Chinese economy is considered by many to be the ultimate investment opportunity.

Not only does it offer a market of up to million possible consumers, it also brings about massive annual growth rates. This is further strengthened by the fact that the Chinese government is doing everything in its power to continue to improve the investment climate for foreign companies by, among other things, continually spending large amounts of money on the improvement of the infrastructure.

Here is a brief overview of the four main forms that a business establishment in China can take. There is much information that one needs to learn about establishing a business in China.

A Representative Office in China is not a separate legal entity but is considered to be part of its parent company.

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Before a foreign company is allowed to establish a OR in China the relevant authorities will have to approve the request and the registration of the office has to be completed. Once the documents have been submitted to the relevant approval authority, the approval authority will review the documents and decide whether it will approve the registration and establishment of a OR in China.

This Joint venture in China is based on a cooperative Joint venture contract in which terms of cooperation, the division of earnings, the ownership of property upon the termination of the contract term of the C.

It is a limited liability company and it has the status of Chinese legal person. Woofs are becoming increasingly more popular, mainly because of the fact that there is no involvement of any Chinese investor thus giving the foreign company complete control over the newly established business.

Business cards are important. When exchanging business cards, it is polite to present your card Witt thumb and forefinger of both hands.

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Become friends with local influential Take time to discuss issues, ask for feedback and explain your The Chinese respect this approach over the preferred fast meetings in the United States.

Handshaking is the accepted greeting, with a light handshake encouraged, lasting as long as 10 seconds. It is considered a serious insult. Now, let me tell you about the Language barriers and how to handle it explained by Bobby Jan from Gabbler Ventures.

Doing business in China comes with both great opportunities and great challenges. If you do not speak Chinese, overcoming the language barrier will be one of the biggest challenges you will face.Try Our Friends At: The Essay Store. Free English School Essays.

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Business in china essay

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