For more than two decades, China has surprised everyone because of its meteoritic economic growth. Almost all top companies, from Dell to GM, have some presence in China or plan to go there. If you are a US citizen and want to see your company grow rapidly, the idea is simple, incorporate your business in China.
The Chinese administration adopted a pro-business approach that targets two things, attracting new businesses and supporting them to grow. In addition, the country has a large market that you can capitalize on to catapult your business to the next level.
To take advantage of these opportunities, you need to register a company in China, but this can be complicated because it involves dealing with multiple offices and preparing loads of documents. This is one of the reasons why you should consider working with agencies of experts.
Keep reading to identify more benefits of working with an agency for company incorporation as a US entrepreneur.
Agencies Work with Experts
The most challenging process of registering a WFOE in China is probably the large number of documents that need to be prepared. Most of these documents, such as articles of association and the business structure might be too complex, especially to those without legal backgrounds.
However, agencies are run by experts in company registration. This means that they know how to prepare the documents professionally, raising the chances of your company’s application getting approved.
Having been in the Chinese market for some time, it will also be easier for the agency to navigate through the different entities. Whether it is getting approval for the business name or application for the business license, the agency will make the process simpler, convenient, and cheaper.
Agencies can Tell You Strategies that Work and Those that Don’t
For your business to be successful, you need to use the right strategies. However, a lot of businesses fail within their first year because they adopted the wrong strategies. This brings us to the main question, “How do you identity the right strategy for your company in China?”
By working with an agency, you have the best opportunity to identify the strategies that work and those that do not. Having worked with other companies, these agencies’ experts will have seen what does not work and caution you in advance. See – why risk using strategies that will yield no fruits?
A Helping Hand during the Early Phase of Business Establishment
Company incorporation as a US entrepreneur is only the first step in your effort to make it a multinational.
The next most important step is getting the enterprise started. The agency you select will be there to hold your hand and ensure your company’s entry is seamless. In addition, the agency can also help you with bookkeeping, filing tax returns, and offer important advice for faster growth.
If you are a US entrepreneur and plan to invest in China, the best route is working with an agency. These firms not only help to simplify the process of company registration in China, but also come in handy to ensure you become successful. With experts on your side, you cannot go wrong!