Interested in starting an export business in China? Here are a few steps to get you started: Find a partner, get a license, and find a factory. You’ll also need to be aware of customs duties and regulations and work with a U.S. Commercial Service office. Then, learn more about the regulations and requirements and get ready for a long road ahead. Here are some tips to make it easier to get started.
Find a partner
Before you get started, you need to know that China is a very complex market. The regulatory environment is quite complicated, so you should invest time and resources into market segment research and developing your market entry strategy. Moreover, you must engage local Chinese staff and partners to ensure that your efforts do not go to waste. In addition, you cannot assume that your success in other markets will translate to China. There are many challenges that await you.
Get a license
You can start a food and beverage trading company in China. But you need an actual office address. Generally, a company must have an office area of 35 square meters. The license for this business must also include your actual office address. Companies in China, as well as foreign investment enterprises, are registered in Chinese, not in the English language. However, you need an English name to register your company in a bank and receive payments from overseas customers.
Work with a local U.S. Commercial Service office
When considering doing business in China, the first step is establishing a profile of your company in the country. A business profile is a document that is used to attract foreign partners or acquire foreign companies. You can also work with a local U.S. Commercial Service office to conduct face-to-face interviews and connect with the right people for your company. These people can help you establish your company’s reputation, which is essential if you want to do business in China.
Find a factory
There are many reasons why you should consider setting up an export business in China, but perhaps the most compelling is the ecommerce boom. The country is the world’s top exporter and its third-largest goods export market, and the vast manufacturing base makes it possible to manufacture almost anything. However, if you’re new to this sort of business, you should first learn about the legalities of importing from China.
Work with a distributor
You can work with a distributor in China to help you with sales, marketing, and imports. They can also assist with shipping and sales, and often have contacts throughout China. A 3rd party can help you get your products into stores and earn commissions for sales. You don’t need to set up a Wholly Foreign-Owned Enterprise, which can be time-consuming and have a low success rate.