Before Doing Business in Guangzhou -Touch Law Firm| Company Registration in Guagnzhou

Guangzhou, as the third economy city of China, is no longer just a place for low-cost manufacturing. It is also an increasingly attractive destination to do business. Businessmen are looking to get a foothold in Guangzhou.

Here are five things you should know when doing business in Guangzhou.

1. Have a Good Reputation

If you are planning to make investments in Guangzhou by your own company (the company in your country) or individual (apply by your passport), you should prepare the whole document certification to show you have a good reputation. And also have not committed any acts in violation of Chinese laws.

Company Registration in Guagnzhou

2. Market Situation

Guangzhou, one of the largest cities in China, there is no single consumer profile. Foreign investors should remain flexible and innovative, while understanding how their company would fit in each specific market. And get to know people who've been in the market, know about trade associations, trade promotion bodies, bit by bit get to understand the dynamics.

3. Culture and Etiquette

One key aspect of Chinese culture is the concept of "face”. What you need to know to do business in China, social role and self-esteem than has the potential to either destroy or help build relationships. And if the person feels you are trustworthy enough, and if they can get their network of contacts to trust you, there is a chance you will succeed. Chinese want to do business with people they trust. At first, they don’t know if you will be a good partner. Show respect by keeping some distance. Focus on building the relationship before talking business. Do not go for big profit on your first contract.

4. Intellectual Property Protection

In China, Every company owning trademarks or patents to do business is strongly advised to use the Chinese Intellectual Property system. It is absolutely crucial to apply for Intellectual Property protection in China for each and every innovation, even if the launch of the respective product on the Chinese market is not yet on the horizon.

5. Foreign Investment Policy

The authorities of China encourage foreigners doing business in Guangzhou. Though the new Company Law came into force on March 1, 2014, the WFOE regulations have not yet been amended in light of changes (minimum registered capital for establishing company), it awaits to be seen what specific requirements.

Meet minimum capital requirements as stipulated by the Company Law (see below for clarification) and the required ratio of registered capital to total investment (see accompanying chart: Mandatory Total Investment of each district).

Mandatory Total Investment
District	Yuexiu	Tianhe	Haizhu	Liwan
Minimum Registered Capital (US$)	20,000	15,000	20,000	20,000

If you are planning to open a company in Guangzhou, Touch Law Firm can assistant you! It provides Guangzhou company registration (including Hong Kong company registration, foreign-invested company registration), tax & accounting and trademark registration, etc. If you are interested in our services, please call us at 020-8355 5515 or email to info@touchlawfirm.com