For more than 30 years, Primasia has been dedicated to helping entrepreneurs, SMEs and privately-owned and publicly-listed companies to establish and grow their business in Asia, particularly China and Hong Kong.
We provide tailor-made solutions to help you achieve your business objectives: Company Incorporation(HK&China)
‧ Company Secretary
‧ Accounting&Tax Filing
‧ Bank Accounts Opening
Monday, 19 March 2018
Starting a Business in China: Part 2
Business in China: Part 2
is one of the fastest growing economies in the world. Primasia
is the partner you need to assist with setting up and growing your business in
Hong Kong and China. Hong Kong is known as “the gateway to China”, and the
growing consumer economy in China is making companies of every size look
Eastward for their share of the growing market-- and to increase profit
margins. To best navigate the complexities of Chinese legislation and business
practices, you need a partner with the knowledge and expertise to help you set
up a foothold in the region. We are backed by years of experience, as well as a knowledgeable and competent team of
professionals that can get you on the right track without wasting your
investment or time.
we’ll share a few elements you need to be aware of before you start a business
or expand your business in China.
China is huge! The
landmass and population size is simply staggering. As with anywhere you decide
to set up a business, location is everything-- so research regarding locations
is vital for success. Primasia’s team of experts is available to advise you
about the various options available throughout both China and Hong Kong.
on a business model
As mentioned in Starting a Business in China: Part 1, there are two main business models used in China: The
Sales Office via Labour Dispatch and the Wholly Foreign Owned Enterprise (WFOE).
There are two other options: joint venture and
representative offices. Each option has its
own advantages and disavantages. Wheather to go for a WFOE or a representative
office will be depending on your expansion plan to China. We will
understand your business nature and business plan, and will provide a market
entry solution that suits you.
and trademark your intellectual property
Much of the foreign-owned businesses fall foul of
intellectual property laws in China.
Many assume that because they possess a trademark in their home country,
that it will automatically transfer to China.
However, that does not happen as China’s intellectual property laws a
lot different to most other countries.
The first person to register a trademark in China owns the rights,
irrespective of trademarks held elsewhere.
Having a partner like us is essential to helping you navigate
China’s legal and trademark laws.
Primasia’s expert team has the tools and knowledge to help you
with all the points mentioned above, as well as develop a business plan that is
specifically China-based, organize the correct documents, and liaise with a
bank. Other services we provide include:
Market Entry Solutions, Trade Services, Accounting (including Xero, Cloud
Accounting), Business Matching (sourcing local Hong Kong or China business
partners that are suited to best assist your company), Payroll Management, Visa Applications and
Employment Compliance, Tax Compliance, HR & Payroll Services and more.
Primasia is the perfect partner to help you set up or expand your business in