China Company

China is one of the fastest-growing economies in the world with an annual gross domestic product (GDP) growth by 8.1% in 2020. In 2021, China accounts for 19% of the global economy. Foreign investors are attracted by China’s strong economic growth and are seeking to expand their business to China. With that, China is known as a land of rising business opportunities. It develops a business-friendly environment by helping investors to set up a business in China. Since December 2004, China has become a member of the World Trade Organization, and thus, starting a business in China is more simpler than before. 1. Types of companies in China If you are a foreign investor who wishes...

If you are looking to expand your business into China, there are many considerations to be taken account into before proceeding with the China business registration. In this article, our team at Tetra Consultants has highlighted 9 pros and cons to know before you set up company in China which will help you in deciding whether to register company in China. Pros: 1. Technological Advancement in China China is well known as a leading technology innovator all around the world. As seen from emerging famous handphone brands such as Huawei, Oppo and Xiaomi, China is shifting towards being a technology producer. The advancement in China is a driving force for economic growth, and this...