- What is the current state of the Chinese economy?
- Which sectors are particularly strong at the moment?
- How does China’s geography affect potential business opportunities?
- What is the difference between a JV, a WFOE and a RO?
- What visas will I need to come to China?
- Why would an established business need help from an external consultant?
- I have Chinese friends/staff, can’t they help me establish a company?
- I am uncertain whether I should establish a full operation in China. How can BJCG help?
- How important are cross-cultural considerations in China?
- In which areas/industries does BJCG specialise?
- What is BJCG’s fee structure?
- Who are BJCG’s clients?
What is the current state of the Chinese economy?
Which sectors are particularly strong at the moment?
How does China’s geography affect potential business opportunities?
What is the difference between a JV, WFOE and Representative Office?
Put simply, a joint venture (JV) is a company whose ownership is divided between at least one Chinese and one foreign investor. In contrast, a wholly owned foreign enterprise (WFOE) and representative office are both company structures that are fully invested by foreign investors. The main differences between a WFOE and a representative office are the functions that they may perform and their respective cost of establishment. There is no “best structure” but rather a company type that best suits the needs and goals of your business.
What visas will I need to come to China?
The appropriate visa for which you should apply depends on the frequency and length of your visit(s) to China. For a short, single-entry visit, an L (tourist) visa is probably the best option. For longer visits or where you plan on making multiple trips to China, an F (business visit) visa is more suitable. Unlike L visas, applications for F visas require a letter of invitation from a company in China. Those who have established a company in China can apply for a Z (business) visa. A12-month multiple entry visa is the best option for those that plan on making frequent journeys to China. For specific visa requirements and relevant application fees please check with your local Chinese embassy or consulate.
Why would an established business need help from an external consultant?
Rather than advising on your day-to-day business matters, our services are focussed specifically on helping you decide how to enter the China market, and manage aspects of your established China business in order to achieve growth. Whether it be determining potential business opportunities or managing Chinese HR matters, our background, experience and expertise in the China market ensures we are able to help clients resolve problems and make informed business decisions in relation to the China market, saving you time and money.
I have Chinese friends/staff, can’t they help me establish a company?
Many people underestimate the complexity of establishing a company in China. It is not simply a matter of completing and submitting forms, but a process that involves much negotiation and consultation, as well as a considerable investment in time and energy. You won’t be able to fly in, complete the procedures and fly out again. To establish a company you will need permanent, on-the-ground support in China.
Another common misconception about establishing a company in China is that it simply involves translating and interpreting. The problem with entrusting Chinese friends or staff with establishing a company is that they lack relevant experience. Establishing companies is our profession and we are aware of all the pitfalls and traps that this process entails. Our rich knowledge of the complex legal, administrative and business environment in China also ensures that our clients establish their companies with a minimum amount of time delays and risk.
I am uncertain whether I should establish a full operation in China. How can BJCG help?
The needs, goals and capacity of individual businesses will determine whether or not establishing a full operation in China is the best option. If this is the case for you, there are alternatives! BJCG is able to represent clients on a permanent, agency-basis, meaning that even without an actual company in China, you can still access Chinese market opportunities. For more information, see Local Representation or Contact Us.
How important are cross-cultural considerations in China?
In which areas/industries does BJCG specialise?
BJCG has experience in many different areas and sectors, from agriculture and primary industry to retail and the service sector. However, we are not industry experts nor do we try to master all areas of our clients’ industry knowledge. Our specialty is mapping our clients’ expertise in the Chinese market, combining clients’ specialised knowledge with our own skills and experience of how to get things done in China. Review our list of clients for more information on industries we have worked across.
What is BJCG’s fee structure?
While specific costs vary from project to project, there are several principles upon which BJCG bases its fee structure. One of BJCG’s core principles is that we only charge clients for services that are value-added. In consultation with clients, this may be done on either a project fee basis or an hourly retainer basis. We also strongly believe in providing competitive, value-for-money services. Please feel free to contact us if you require more specific information about our fee structure.
Who are BJCG’s clients?
Please see Our Clients page.