China, the world’s fastest growing economy, offers wonderful business opportunities to foreign companies. China has something for everybody. The Chinese government is doing everything in its power to improve the investment climate for international investors. Among other things, they continually spend large amounts of money on the improvement of the infrastructure. Business Registration Hong Kong guides you to successfully start your business in China.
Starting a business in China presents great opportunities and great challenges. Foreign companies can go into China as a Wholly Foreign-Owned Enterprise (WFOE), a Representative Office (RO), or as a part of a Joint Venture (JV). For the last few years, well over half of all foreign companies have chosen to enter China as a WFOE.
A Wholly Foreign-Owned Enterprise (WFOE), is a limited liability company established within the territory of China through foreign investment only. It is now becoming more popular, mainly because of the fact that there is no involvement of any Chinese investor and gives the foreign company complete control of the newly established business. The WFOE enable the investors to increase their marketing decision and response speeds. It also provides security for the foreign investors to protect their scientific research confidentiality and keeps the management intact.
To simplify the establishment of a business in China for foreign companies municipalities and provinces have established so-called foreign investment service centers. They offer foreign investors complete service from the first consultation on how to establish a company in China, to the actual procurement of approval from the government.
China is the ultimate foreign market. It can be complicated but for those in the right industry who are committed to aggressive growth China has it’s potential rewards. It may even be too alluring to ignore. If you need assistance in establishing a business presence in China or in Hong Kong, visit Business Registration Hong Kong for more information.
They say grass is always greener on the other side. Working overseas has always been a dream to many smart job seekers, especially in the early stages of their career. Working abroad doesn’t have to be just a dream with these practical tips from smartjob.com. smartjob.com makes it easy to keep a lookout for overseas jobs. You can search for jobs by specifying overseas locations, or create timely email alert so that when an opportunity is available, you’ll be notified.
smartjob.com offers comprehensive tools to search for overseas job postings
Do your research on the hiring company. What’s the work culture like? Are their employees happy? Is the pay structure attractive?
Learn more about the environment. To live in a new country is different from traveling for leisure. A good place to start is expat community forums, as they often address specific concerns of foreigners living in the country. You can even start making friends immediately!
More Hongkongers are crossing the border.
Calculate your cost. Your main expenses will be accommodation, transportation, food and entertainment. Depending on country these differ vastly; smartjob.com recommends that you speak to an expat already stationed there for practical advice. It helps to know exactly how much your future employer will subsidise, and and how much will come from your own pocket. Get started on the local language. Knowing even a few commonly-used phrases is a smart way to help you settle down and get around. Improving on your English will not go amiss either, as this is spoken in many countries.
Working abroad is both an exciting and challenging prospect. Be open minded and try to see things from a wider perspective. You may just be in for the ride of your life.
Smartjob.com knows you face international culture everyday. With Hong Kong’s history as a trade port, it has seen more cultural exposure than most other places in Asia. When conducting business, cross-cultural understanding is crucial. It is easy to cause unintended offense with miscommunication based on a traditional background.
When dealing with coworkers and clients from other places of the world, you should be aware of important cultural differences. In places like Germany, Scandinavia, and Australia, verbal communication is weighted heavily and conversation can sometimes be characterized as blunt. This is not the case in high-context Asian cultures where information is delivered less directly, sometimes relying on the unsaid message. In addition, the fast-paced nature of Hong Hong may result in employees like yourself finding mainland business too slow. Another example is the handshake: a polite Asian handshake could appear limp to someone from North America where the strength of the handshake effects how assertive you seem.
Intercultural training and awareness can help foster successful international business. Social and business practices can be researched online for more intricate explanations of cultural differences. Gain insights into the conduct of coworkers, this is the first step to fostering a tolerant and sensitive workplace. Together, people of many backgrounds can work well when placed in a safe environment. Just remember to be aware and let your colleagues help guide you to proper cultural behavior.
Speed, height, danger and spectacular stunts, if you like all this you are in the right arena. Xtreme athletes from around the world will gather in Cityplaza in Hong Kong for the first time to compete for the title of International Trial Bike Challenges. SO-U.TV will bring you the “WOW” game of the year. You don’t want to miss it see it all at http://www.so-u.tv/playVideo.php?contestid=&id=4117
A Glow Glow Macro Interactive Media Arts Exhibition takes it to the streets. Movie superstar Andy Lau opened the exhibit. Hong Kong LED artist, Teddy Lo premiered PHAEODARIA and United Visual Artists from the U.K. launched their awarding winning VOLUME for the first time in Asia. Thousands turned out to watch this amazing multimedia art spectacle of sound, light and motion on the Avenue of Stars. More information can be found at http://www.microwavefest.net/aglowglow/ and be sure to check out www.SO-U.TV to see more.
Did everyone have a good week? We sure have! We filmed here, there and everywhere and you can catch the coolest videos on So-U.TV. Here is what’s in store:
Music:
• Battle of the Bands Hong Kong 2007, we have captured the competition on camera along with exclusive interviews for all the rockers out there! This international band contest continues to grow every year with local heats build up to a National Final.
http://www.so-u.tv/playVideo.php?contestid=&id=421
Sports:
• Do you like extreme sports? King of the Hills is as tough as it gets. We brought you the first race and now catch the second one. We went to Tai Po and followed the runners climbing up and running down the steps covering the hills. Watch the highlights. http://www.so-u.tv/playVideo.php?id=451
Keep checking SO-U.TV for more great stuff including a press conference for ‘Animal Rights’ and exclusive footage of Pat Cash, one the greatest tennis players of all time, playing against Yu Hiu Tung, Hong Kong’s best player.
Lost Laowai China Expat Community The no-nonsense China expat and traveller community. Everything you need to know about travelling to China; living, teaching and working in China; and learning Chinese.
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