How much does it cost to start a business in China?

How much does it cost to start a business in China?

Under Chinese Company Law, the minimum capital requirement for multiple shareholder companies is around RMB 32,000(USD $5,000) and for single shareholder companies around RMB 84,000(USD $13,000). However, these numbers don't mean much if you are forming a WFOE in China.

Can foreigners start a business in China?

There are many good agencies that specialize in doing this. Foreigners can't open a company directly in China. First the company must have been opened outside China and then the foreign company can be registered in China.

Can you start your own business in China?

Can I start a business on my own or do I need to hire someone to help me? There's an old addage that locals know best. So while it's technically possible to start your business in China without any assistance, hiring a local consultant can seriously ease the process if you have the means to do so.

How long does it take to open a business in China?

Depending on your industry and documents accuracy, the process generally takes from 3 to 6 months. Before starting, call us to understand more about the company registration process.