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Setting up an Export Trading Company


#1  2012-01-29 22:55:32

Dubai28
New member
From: Dubai
Registered: 2012-01-29
Posts: 7

Setting up an Export Trading Company

Hi guys,

Ive heard so much about Guangzhou from freinds and family and you gorgeous bloggers, but i would like to know if it would be a good idea to set up an export company in Guangzhou.

Is it the right time to set up a Trading Company?

I speak Arabic, English and Swahili, Would these languages be an advantage to the Business?

What is living there like?

Any advice would be appreciated.

Thanks guys......




 
 
 
 

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#2  2012-01-29 23:16:06

Lazytrader
New member
Lazytrader
From: NYC
Registered: 2012-01-28
Posts: 6

Re: Setting up an Export Trading Company

I'm looking into similiar avenues but on the banking and financing side of things abroad as well.
Check out my blog

Investnicaragua.blogspot.com




 

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#3  2012-01-30 04:18:39

Magnus Zi
New member
Magnus Zi
From: Guangzhou
Registered: 2011-07-08
Posts: 4

Re: Setting up an Export Trading Company

first to see what kind of goods you are selling and who you are targeting to.
Open a business in Guangzhou would be a good idea but with enough knowledge of local employee cost, this is how a new company start in a new place.




 

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#4  2012-01-30 04:28:01

qcychen
Active member
From: Guangzhou
Registered: 2011-11-28
Posts: 42

Re: Setting up an Export Trading Company

My name is Summer from Guangzhou, China. I am local here.

Below is my suggestion:
1. You can rent an small office(with public reception and public tea room) and employ few person(maybe 1-2 person)to do business first; If the business is good, you can start to register your own company step by step;

2. More and more people can speak English in Guangzhou. Language is not a problem.

3. What is your product? There are a lot of wholesale market here and some factories nearby. It is very convenience for you to visit them and inspect the goods.




 

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#5  2012-01-31 02:18:19

markhoward
New member
markhoward
From: Xiamen
Registered: 2011-04-16
Posts: 8

Re: Setting up an Export Trading Company

Hi,

I own and operate an export sales trading company in Xiamen, handling ceramic products, and there is a lot of information I could give you generally about setting up a trading company in China.

Part of it depends on what sort of products you plan to handle, but setting up a WFOC (wholly foreign owned company) is essential (and a legal requirement), unless you already have Chinese partners.  Without an WFOC it would be difficult to employ staff and you wouldn't be able to benefit from export subsidies, etc, which are a necessary part of trading company income.

Setting up a trading company in China is do-able, but nothing in China is ever easy or straightforward. With regards to the actauly company formation and registration, there are company formation agents who can handle that, but if you aren't fluent in Chinese, you will need staff you can reply on to deal with smaller factories and to liaise with the various government bureaus for day to day operation of the company.

It's actually a fairly complex thing to do, and the start of a fairly steep learning curve, but if you would like more information about the process, let me know and I'll try to answer your queries.




 
 
 

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#6  2012-02-11 02:49:37

Dubai28
New member
From: Dubai
Registered: 2012-01-29
Posts: 7

Re: Setting up an Export Trading Company

Thank you all for the replies.

I think i would go for WFOC as Mr Mark suggested.

I am planning to fly over there somewhere in March, and would definetely appreciate some more advice on how to proceed with the formation and legalities involved in starting a company.

So ill be disturbing you guys once again in less than a Month!

All Your replies have been much appreciated!

Thanks.....




 
 
 
 

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#7  2012-02-11 16:28:57

kevin136
New member
kevin136
From: Guangzhou
Registered: 2011-11-08
Posts: 9

Re: Setting up an Export Trading Company

Hello Guys,
Welcome to GZ and wish you run a successful company!
I'm a mechanical Engineer work here.So if you are going to run a company which has something to do with process,prototype...I can do some help.
BTW,I always pleased to show my foreign friend around here,for shopping,yummy

Kevin




 

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#8  2012-04-02 05:19:48

ilaowaivisa
New member
From: Guangzhou
Registered: 2012-04-02
Posts: 5

Re: Setting up an Export Trading Company

Hi Dubai

Yes a WOFE is the only way to go. I work for a company who specializes in setting up companies for foreigners in Guangzhou.

Depending on what you want to import/export different licences are reqired. You will also need to rent a premisis before you can apply for registration and you will have to show the government that your company is financially stable. I can give you an estimate of how much money you will need to show the government.

Once all the paperwork is lodged the process will take between 60-70 days.

Please contact me for further information.

Good luck




 
 
 

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#9  2012-04-20 03:51:48

eric mwaki
New member
eric mwaki
From: Guangzhou
Registered: 2012-04-20
Posts: 4

Re: Setting up an Export Trading Company

Karibu sana naitwa Eric niko hapa pia kwa hivyo kama kuna shida ata ya lugha naweza kusaidia nimekaa china lugha naielewa tena nafanya business ya kutuma mizigo kenya kwa hivyo at customers naweza kutafutia sana sana kutoka kenya na congo   karibu sana:)




 
 
 

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#10  2012-04-20 07:49:21

Harmonie
ViP
Harmonie
From: Mauritius/Ile Maurice
Registered: 2011-06-13
Posts: 19273

Re: Setting up an Export Trading Company

Hi Eric and welcome to Expat Blog!

Could you please write in English in this Anglophone forum, so that each member may understand?

Thanks,
Harmonie.wink




 

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#11  2012-06-08 06:17:24

G.O.
Member
G.O.
From: Foshan
Registered: 2012-06-07
Posts: 11

Re: Setting up an Export Trading Company

Hi Harmonie, it sounded like gibberish to me as well. Well, did you make that comment because of your name? kidding




 
 
 

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#12  2012-06-08 08:53:00

eric mwaki
New member
eric mwaki
From: Guangzhou
Registered: 2012-04-20
Posts: 4

Re: Setting up an Export Trading Company

in fact be fast for that its a nice conducive place for business




 
 
 

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#13  2012-06-19 09:55:54

Life_is_good
Active member
Life_is_good
From: Guangzhou
Registered: 2012-06-19
Posts: 31

Re: Setting up an Export Trading Company

[Moderated: No free advertisement on the forum please]

Last edited by Life_is_good (2012-06-19 10:00:26)




 
 
 
 

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#14  2012-06-21 02:38:39

stinirene
Guest

Re: Setting up an Export Trading Company

i would suggest establish an offshore company in Hongkong, that's costless, and most important thing is can save more on the tax.

#15  2012-08-04 18:38:58

Vadim.g
New member
Vadim.g
From: Guangzhou
Registered: 2012-08-04
Posts: 4

Re: Setting up an Export Trading Company

The most right time is one month before canton fair. And to establish company in Hongkong can help you to save much money.

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#16  2012-09-07 07:50:53

foreverjia.u
Member
foreverjia.u
From: Guangzhou
Registered: 2012-09-06
Posts: 24

Re: Setting up an Export Trading Company

Hi,Dubai28,it is nice to meet you and other guys here. I am Ella from GZ.
Doing business in China is a good thing. As others mentioned above, a HK company is more flexible in Tax, money transfer,and business operation. Regarding the registration in China mainland,there are different types(Representative Office, Trading company, Consultancy Company, Partnership Company), which depends on your buiness scope and your requirement on residence.  The proceduce is also different amony different types.

If you want further information, you can feel free to contact me. i hope i can help you.

Best Regards.

Email: ella[at]snaves-china.com
QQ:2414864455

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#17  2012-09-10 03:43:58

jayz123
Member
From: Shenzhen
Registered: 2012-09-07
Posts: 12

Re: Setting up an Export Trading Company

Hi Dubai28,
    It really depends on what kind of biz model you are doing?

    For example: if you wanna develop your biz in China, you shall set up WFOE for invoice, import/export license even general taxpayer if you want to issue 17% VAT tax .


    However, if you are entrepreneurs startup, you can set up Hong Kong Company and find purchase your goods in China then let your supplier to send your goods directly to your clients. then it will say alot of taxes.

    Should you have any questions, you can consult me via consultant01[at]0086rich.com

Best Regards
Chester

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#18  2013-06-11 06:49:12

MUHAMMAD KHUBAIB KHAN
New member
MUHAMMAD KHUBAIB KHAN
From: Lahore
Registered: 2013-06-11
Posts: 4

Re: Setting up an Export Trading Company

I need your help to get complete information about registeration of a WFOC in Shenzhen , I want to do export business from china for Medical Equipments.

Regards,

Muhammad Khubaib Khan




 
 
 
 
 

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