The Basics of setting up your business in Asia

Expansion is a necessary step in business survival before the competition is getting ahead of you. Setting up your business in Asia is a step undertaken by many a business world-wide over every day. Business consultancies and agents have discovered this expansion strategy as their own business opportunity and are provided a range of services to those in need (and with enough money to pay it).

Just like in the picture above, a business requires foundations and the basic groundwork for small- and medium-sized enterprises have to be laid out precisely to avoid everything crumbling to dust after the polishing. As such the following checklist should serve as a first reminder on the complexity of the task and what should be the minimum effort involved. For the country of China some further detailing links are included for your reference.

Stepping in the plane …

-> Understand the visa needs (business / work visa), see the visa guideline for China
-> Understand the taxation
-> Know where to go (city / country)
-> Plan the trip

Buying that first patch of land

-> Understand where you put the shovel down
–> Accessibility to airports / seaports
–> Closeness to manpower / universities
–> Logistics and transportation
-> Get an office (rental vs. purchase), see this example eGuide on renting office space in Beijing
-> Get bank support (overseas / local)

Filling the rooms with laughter and life

-> Secretarial services and translation, e.g. as provided by The Executive Center in Beijing.
-> Registration, licensing and permits (A more detailed list tailored to the registration process of setting up a business in China is available with more details.)
-> Understanding the job market (Check out this white paper about finding the right talents in China)
-> Recruiting, recruiting, recruiting
–> Utilize professional job hunters for executive stuff, delegate them or make use of one of the many HR job databases in China.
-> Training! Either overseas or locally
–> Understand the need for training, what is available, what is required. Get MS Office known to your staff.

Bring out the drawing board

-> Structure the first ten weeks
–> What do you need? What is your aim? What do you need to fulfill it?
–> Whom do you need to contact?
-> Where? What? Who?

Irrespective of whether each task is being completed by yourself or entrusted agents, it is always of advantage to have people on ground in the country being able to help you. Want to know more? Contact me at MLVONSCHAPER AT YAHOO DOT DE.

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