Why do business in China?
- Major emerging market
- Large trained labor pool
- Favorable business atmosphere
- Dynamic fast-growing economy
- Rapidly increasing consumer wealth
- Very low employment costs
Devott provides four different corporate structures below which can be utilized to do business in China including:
- Representative Office (RO)
- Joint Venture (JV) with a Chinese partner
- Foreign Invested Commercial Enterprise (FICE)
- Wholly Foreign Owned Enterprise (WFOE)
Before anything, companies should always carry out thorough research of the market. The habitual question amongst would-be investors is the type of business they should seek: a Representative Office, Joint venture or wholly foreign-owned enterprise etc. There is no right answer. Experience suggests a widespread preference for a WFOE amongst Foreign investors in China in recent years.
If you do need decide that open a Representative Office (Rep. Office) or an Offshore Development Center (ODC) in China, one easy and cost-effective option is Devott, which allows you to get more information before committing yourself.
Our services will cover the following:
- Assisting in formulating localization strategies and other information services
- Finding suitable city, area and premises for your center
- Investigating, buying and installing equipments, software and services necessary for work
- Headhunting, recruiting, training and forming development and supporting/administrative teams
- Legal, financial and personnel consulting
- Website localization and marketing