The process of registering a business in China is considered complete only after capital injection and verification. Below are the two options of capital injection that companies can choose from:
1. Full injection within six months from the issuance of the business license.
2. Or 15% to 20% injection within 3 months…
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“How much money should I take with me to China?” is a common question that I receive when I am working with prospective teachers. Of course, the answer to this question really depends on the person. People who are high maintenance, like to party, and go on buying sprees are naturally going to spend the most money in China. People who do not mind riding a bicycle around town, eating on the street, and buying items in open markets are going to save more…
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One of the things past experience has taught me that while it is possible to guess that some business will take off in China, it is almost impossible to tell when. The most common scenario is that for many years, a western business will devote its people and resources to making its business popular with Chinese, it will not show results. Frustrated, it will depart China with nothing to show for its hard work and investment. (This happened frequently in the eighties and nineties; now it is much more rare.)
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Firms coming into China always include research into local market conditions and human resources in their business plan.
Unfortunately, once a business is established and operating efficiently within the local system many of these firms abandon those resources which were responsible for their initial success and substitute their own (western) corporate hiring practices.
This dysfunctional cycle has become SOP for…
a. The expenditure for the investment budget may include the following: initial fee; training fee; real estate and decoration fee, procurement fee fpr equipment, office supplies, furniture, etc; initial inventory; water, electricity and gas fees; fees needed to obtain licenses and other governmental approvals; and working capital; and,
b. The statistical source and estimation basis for the above-mentioned fees.
Read the rest of “Guide to franchising in China part 3″ or post a comment>>
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