Challenges while starting a business in China

China and its massive economic capacity have become omnipresent in all forms of business and in all parts of the world. Infected by the ' China fever ' though, many foreign companies rush into the market without a carefully planned strategy.

Entering China you will leave your "comfort zone" !

Challenges

• Size of the country
• Language and cultural barriers as well as different business methods
• Complex and bureaucratic process of setting up a company
• Getting the right team in place
• Importance of ' Guanxi ', an established strong relationship network
• Heavy taxes if not avoided by appropriate tax planning
• Financial risk arising from tight monetary controls
• Complex corporate compliance procedures
• On-going changes in laws and business environment
• Repatriating profits out of China
• Lack of infrastructure

China offers great business opportunities. Additional risk can be reduced significantly with a well-planned China business strategy!