|China is the largest and fastest growing market in the world. When you first decide to form a business in China, your concerns are probably required capital investment, formation and operating costs, company tax liabilities and deductions, total income tax and so on. But seriously, put some thought into this; what you really need is a personal assessment:
• Can you operate a localized multilingual business according to mainland or Hong Kong China laws and regulations?
• What are the differences between Representative Office (RO), Wholly Foreign Owned Enterprise (WFOE) and Joint Venture (JV)?
That's just the tip of the iceberg. These additional challenges are even more important:
• What about tax deductions, interest payments, property acquisitions or charitable donations?
• Should you form an international trade (import/export) firm in mainland or Hong Kong China?
• What about elderly residential care, home loan, fund and retirement scheme contributions?
• How do you assess first-year business losses and bring forward previous years losses?
• Do you need independence, legitimacy, issue invoices in RMB or protect your intellectual property?
• Will you need more than four staff?
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