Secrets To Starting A Business In China

Posted by Trevor in Entrepreneurship, China

Normally, for a foreigner to start a business in China, at least 50% of the ownership must belong to a local. This creates a barrier to most people for obvious reasons. However, there is one way to get around this. When Hong Kong went from being an English territory to part of China, they made the agreement that Hong Kong’s legal system would remain a separate entity from China and maintain its western standards. What this means is that you can start a business in Hong Kong with as little as an Investment Visa and $350. I’m not sure what the laws would be then to expand the business to the mainland, but if anyone can find out, let me know. Otherwise I may make another post on that topic later.

More information can be found here.

Popularity: 42% [?]