Valuable insights for strategic market entry
As China’s booming economy is quickly becoming the world’s largest trading and consumer market, the country itself is home to unique and dynamic ways of doing business. Horizons team of experts have been a staple in the globalization industry by providing foreign companies with high-quality, tailor-made research projects to ease their international expansion.
Flexible solutions for your expansion into China
Market Entry Strategy
Feasibility Analysis
Advisory services
We manage all legal, legislative, and tax-related functions to ensure full compliance with local Chinese regulations.
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Why conduct a market research project before expanding into China?
- Gain in-depth insights into the biggest consumer market in the world
- Creating awareness of the growth possibilities
- Minimization of risk factors
- Save cost by knowing the market beforehand
- Understanding different cultural aspects and business practices
Key factors to consider in your expansion strategy for China
In order to successfully establish your operations in China, there are a few key factors to consider. Businesses must pay close attention the local regulations that govern employment, legal, and tax compliance. Being 100% compliant with these local regulations is paramount for starting your expansion on a positive note.
Take a look at the additional measures to consider when planning a market research project or expanding into China:
Global PEO / Entity Setup
To be able to begin operating in China, companies have two primary options – establish their own legal entity, or, partner with a global PEO. In this decision making process, business owners must consider important factors such as tax regulations, banking capabilities, and additional expenses.
If you determine that setting up your own entity is the best route for your business, then your business will need to prepare for the additional time and financial resources needed in order to maximize the entity’s potential.
If your business plans on hiring local workers in your China upon the commencement of your expansion, hiring a PEO like Horizons may make the most sense for your business. Horizons manages ongoing payroll, benefits, and HR compliance for all of our clients who are expanding or have already expanded into China.
