01 · ChinaMNC
Ou China wuk fi farin bizniz
China a no one big market; it a plenti market put tugeda. Di man weh a sel inna Shenzhen no have di same customer like di one inna Chengdu. Suut yu self: a wa yu a sel, a huu a buy it, ah ou dem a buy it now? If yu ansa dem ya fuss, yu save time ah money.
Farin owna kyaan jus op a kumpani like dem a Kingston. China have rules bout ou farin invesment fi wuk, ah di rules dem can change. Yu affi wuk wid di right papawork, di right ajres, ah di right lokal help. Di good ting: China respeck bizniz weh come prepared. Dem no respeck di one weh tink a likkle chat an a WhatsApp going mek tings happen.
Plan fi di lang game. Set up propa, kip yu buku clean, ah no try run before yu walk. Di founda dem weh mek it a di one dem weh tek di setup serious.
02 · ChinaMNC
WFOE, JV ar RO — pik yu vehicle
WFOE a fi yu own kumpani. Yu kip di control, yu kip di profit, ah yu no affi share decision wid no lokal partner. It tek more setup, bot fi plenti farin founda it a di clean choice if dem waan build dem own brand inna China.
JV a joint venture: yu go in wid a Chinese partner. Sometimes dat gi yu door weh farin owna kyaan open by demself. Bot yu affi chek di partner good, chek di contract, ah chek huu really a call di shot. Bad partnership worse dan no partnership.
RO a representative office. It cyan do full bizniz — it a fi liaison, research, ah market work. If yu jus waan look before yu leap, RO can wuk, bot it have limit.
No vehicle no betta fi everybody. Match di vehicle to yu plan, no di oda way round.
03 · ChinaMNC
Di five step fi set op
Di exact detail dem can shift by city ah by industry, so treat dis as di shape, no di whole map.
- Step 1 — Plan: Fix yu bizniz model, yu budget, ah yu target market. Pick di vehicle. Dis a weh yu decide before yu spen a dollar pon papawork.
- Step 2 — Name ah scope: Reserve di kumpani name, ah write di bizniz scope so it match wa yu really a go do. Too broad can cause question; too narrow can lock yu out.
- Step 3 — Dokiment: Get yu artikle, yu shareholder papawork, yu ID dem, ah di rest. Farin dokiment dem affi meet China standard — no shortcut.
- Step 4 — File ah regist: Di lokal authority dem handle di licence dem. Yu affi ansa question dem, no hide.
- Step 5 — Op bank ah tax: Bank account, tax registration, ah di likkle compliance dem. Dis a no di end — it a di start of running di ting.
No rush no step. Di one weh rush usually affi come back.
04 · ChinaMNC
Dokiment yu affi get ready
Yu dokiment list go depend pon yu vehicle ah yu city, bot di core ting dem no change. Get dem ready early, because translation ah notarization can tek time.
- Passport copy fi di shareholder dem ah di legal rep.
- Proof of address fi di shareholder dem — sometimes need notarized.
- Kumpani name fi reserve.
- Bizniz scope fi write out.
- Artikle of association, draf fi China rules.
- Bank reference ar proof of funds, as di authority dem require.
- Lease ar proof of registered address.
- Board resolution fi appoint di legal rep ah di supervisor.
Translation ah notarization a no small ting. Mek sure di translator understand legal document, no jus any translate app. One likkle wrong name pon one paper can sen yu back to start.
05 · ChinaMNC
Ajres, bizniz scope, ah di fine print
Yu registered address a no jus mailbox. Di authority dem fi able fi reach yu deh, ah some city no allow certain address fi certain type of bizniz. If yu wuk from one address weh no match yu scope, dat can cause problem lata.
Di bizniz scope a di list of wa yu kumpani allow fi do. Write it carefully. If yu put too much, di officer dem go ask why; if yu put too likkle, yu cyan do wa yu plan fi do widout amendment. Some activity dem need extra licence, so chek dat before yu commit.
Also memba: if yu change address ar scope lata, dat a one more filing. Plan fi di long run from di start so yu no affi run back ah forth. Di registered address ah di scope a di two ting weh farin founda dem mos underestimate.
06 · ChinaMNC
Bank, tax, ah visa
Bank account no automatic. Even afta yu register, di bank go do dem own checks, ah dem can ask fi more paper. Get yu dokiment set clean before yu go inna di bank, ah no expect it fi happen one day.
Tax: yu kumpani affi register fi tax, ah yu affi know which tax apply to yu. China tax rule dem detailed, ah dem can change. Get a lokal accountant weh understand farin owna. No guess.
Visa: fi wuk inna China, yu need di right visa ar permit fi di right purpose. A bizniz visa no mean seh yu can wuk full-time inna di kumpani. If yu plan fi live ah run di ting, sort out yu permit properly.
Di point simple: bank, tax, ah visa a no side ting. Dem a part of di kumpani. Treat dem so from day one.
07 · ChinaMNC
Common mistake fi watch out fa
Plenti farin founda lose time pon di same thing dem. Learn from dem.
- Rushing di setup ah using di wrong vehicle fi di plan.
- Writing bizniz scope weh no match wa di kumpani really a go do.
- Using one registered address weh di authority dem no accept.
- Ignoring translation ah notarization until di last minute.
- Tinking bank account open same time as registration.
- Assuming one visa cover all wuk.
- No keeping buku from day one, den scramble lata.
- Trusting a partner widout proper contract ah check.
None a dis a rocket science. It jus need patience ah proper help. Di founda dem weh mek it a di one dem weh tek di small detail dem serious. Yu can do di same.
08 · ChinaMNC
Kwestian weh farin founda dem aks
Wi get di same question dem ova ah ova. Ya di plain ansa dem.
- Ou long it tek fi register? It depend pon city, vehicle, ah ou clean yu dokiment. Nobody can gi yu one exact numba, so no trus nobody weh claim dem can.
- A fi mi own kumpani mi can get as farin? Yes, WFOE allow farin owna fi own 100% inna plenti sector, bot no all. Chek yu industry.
- Mi need Chinese partner? No fi every bizniz. JV a one option, no one rule.
- Mi can run it from abroad? Some founda do, bot yu still need proper legal rep ah lokal support. No try run it blind.
- A one accountant mi need? Get one weh understand farin kumpani ah China tax. Cheap accountant can cost yu more lata.
Ask question early. Betta fi ask now dan pay fi fix lata.