Low Cost Ways to Expand Into China
September 15th, 2007 Subscribe To Our Feed
Are you thinking of expanding your outsourcing business to China? So what are your options for a low-cost solution?
The solution will differ according to the nature of your activities, which can generally be classified into two types:
Sourcing, distribution and exporting; or manufacturing.
For sourcing, distribution and exporting business, you could consider setting up a representative office in China for the following reasons:
- No registered capital required;
- Low incorporation costs; and
- Short incorporation procedures.
For manufacturing businesses, you can consider setting up a wholly-owned foreign enterprise or find an original equipment manufacturer for contract manufacturing.
Setting up a wholly-owned foreign enterprise will require the commitment of a certain amount of registered capital.
