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Many business owners like to open companies in Hong Kong because the company's decisions are fair and environmentally friendly. Business rules that are not too strict include changing personnel for various company positions. One of the most important personnel changes in a company is the position of director because this position holds important decisions in carrying out special business operations on behalf of the company. We must study the legal change of directors in Hong Kong, because it can be applied to all Hong Kong companies. Hong Kong allows local and foreign directors and shareholders to leave or assume their position in a company. Companies in Hong Kong are allowed to change their structure, such as changing personnel such as directors or company secretaries whenever they need or according to their desires. Before changing a director in a Hong Kong company, there are several things that must be done. This article will discuss what is needed to change directors in Hong Kong companies. Can a director be replaced? So far we know that a director is a high position in a company and cannot be replaced. But in Hong Kong, directors can be replaced and that is legal in every Hong Kong company, as long as the requirements are met. You can look for assistance with this task by taking care of proper steps and documents needed for new directors. If everything is ready, the process will only take 1 or 2 days. Every Hong Kong company must prepare at least one person to be the company director and one person to be the company secretary. It doesn't matter if a company has many directors, long as none of them have the double position of company secretary. Reasons why directors can be replaced There are many reasons why a company must change its director. What we know is that every Hong Kong company must have at least one active director for arranging for incorporation. Changing a company's board of directors can occur as a result of necessity or voluntarily. Reasons why a company must replace its directors are resignation, death, removal, or other circumstances. All Hong Kong companies must act within the company incorporation laws for legal change of directors. For example, if a director resigns voluntarily, it must be with the approval of the other directors, and the company can ask the director to resign in the correct way to avoid being sacked. Every director who wants to resign must follow the terms of their contract, until they agree to resign and the company's register must quickly make the change. The second example is the removal of directors through different means. If there are directors who do not meet the legal requirements in Hong Kong, they can be removed from their position. The disqualification can be done instantly when they do not meet any of the compliance requirements. the company's shareholders can pass a resolution to remove the director as long as it does not violate any contractual agreement and legislative rule. Or the final example is a court order that can help change company directors. What is the procedure to change the director? There are two ways to change directors, namely by adding a director or removing a director. To add a director, some paperwork needs to be prepared. The form of a resolution is required to be signed by all the directors with the following information should be included such as the effective date of the change, full name, permanent addresses, and signed resolution. Highlight the situation during the legal change of directors, because we must be clear that there is no conflict between the directors and company owners so that the process runs smoothly. After the resolution is received, the notice of change of director form must be submitted within 15 days until the resolution becomes effective. All complete documents will be processed within 2 working days at the Hong Kong companies registry. The exact time to change the new director can be done during the next annual return. What are the requirements to become a company director in Hong Kong? The Hong Kong government has regulations that for every company there must be at least one director and it must be a natural person. That person may not serve as the company secretary. Directors can be local citizens or foreigners. The requirements are: the candidate must be at least 18 years old, citizen or foreigner, must have a valid passport, there is no limitation to the number of possible directors and at least one natural person, can be a corporate director or individual. Why a Notary Is Essential for Every Single Business Before legal change of directors, directors must understand specific statutory duties and responsibilities. The director must act in the best interests of the company, responsible for filing the profit tax returns and employees' returns, ensures that the company makes relevant filings and complies with all statutory laws, maintains accurate company records and carries out full accounting, monitors the company progress and achieve all set-out goals, making strategies and priorities on behalf of the company. Some of the documents required for a Hong Kong company's change of director are: Letter of consent of new director, a signed director's resolution, resignation letter if necessary, change of director date, death certificate if the previous director died, full name of director which is the same as in their passport, permanent address of new director, identity card or information page of international passport. Who can help with Legal change of directors in Hong Kong? SMEBrother is the right place to help you with structural changes in the company. We will provide you with company incorporation services, one of which is changing directors for any reason. SMEBrother can handle all documentation and company registrations, to ensure that your company's needs comply with Hong Kong laws and we do it as quickly as possible. Our experience is sufficient to handle your change of director processes and other company needs in accordance with Hong Kong law. If you want to learn more about the services we can provide for your business, please contact us.

Every business needs to adapt and continue to grow in order to stay survive and get bigger. One of the biggest challenges every organization faces is how to improve employee productivity. With the development of technology, the hybrid work model and company tech that need to develop to keep up with the times made it hard for business owners to manage employees to be more productive during the pandemic until now. However, even during any situations, an organization must be able to measure the productivity of employees at the company down to the individual level to boost overall workplace efficiency. Let's take a look at how to increase employee productivity. Why productivity is important in business? A company can easily achieve it goals with the help of high productive employees. Even though there are many other factors that can make a company achieve goals, productivity has an important role in business progress. Productivity creates a company culture of excellence, boosts morale and a positive workplace environment. When the company is highly productive and is headed for success, you can motivate employees by advancing their careers, giving bonuses, medical insurance, incentives, etc. Every company needs to monitor productivity as an essential aspect and plan for improvement to enjoy success. What are the key factors affecting productivity? There are many key factors that can affect productivity in the workplace. We summarized some of the most common factors that affect productivity. Work Environment No one can enjoy working in a toxic or negative environment. Ensure you as a business owner or top management to create a positive workplace atmosphere based on the company's values where the employees feel valued, safe and supported. Give access to employees to influence the work environment when they can compete, cooperate, and emphasize with co-workers and superiors. The positive environment helps employees develop healthy work habits and contributes to boost productivity. Establishing Processes With processes, you can provide your employees with positive experiences. Even though the process takes a lot of time and requires trial and error, once you get the pattern, your company can be more organized and efficient and can be practiced to the rest of the team. Each employee has a different process and development. If you focus on them one by one, they feel cared for and always seen. This will have a positive effect on workers who want to be in the spotlight and reward their loyalty by increasing productivity. Employee Wellness The physical and mental health of employees is determined by employee wellness. As an employer, you must provide the best resources and tools for employees whenever they experience problems and show how you care and prevent any serious problems they experience. The wellness program can be carried out in various ways, such as preparing healthy food in the office cafeteria, qualified office equipment, special comfortable rest areas and stress free. Put their welfare first to create a happy and healthy employee. Several key factors have been explained, now its time to get the top ways to improve employee productivity. 8 Ways To Improve Employee Productivity Take feedback When employees can provide feedback to the company, it will create an employee-friendly environment because they can share something they know for the betterment of the company. There's nothing wrong with employees suggesting a new policy, setting up a workplace layout, or making suggestions regarding company progress. When employees feel they are taking part in company decisions, they will further increase productivity and try their best. Don’t do micromanaging There are many misconceptions from leaders regarding micromanaging. They think it can play a major role in increasing productivity, in fact controlling things that make employees feel burdened and decrease their productivity. Employee empowerment can only work when the business trusts employees to give them the freedom to control their daily activities and complete their tasks. Employees can grow well with their flexibility and independence. You still have to monitor how employees are performing and direct them to stay on the same goal tracks. Corporation gift Each company for brand awareness will have several products for marketing such as t-shirts, mugs, Tumblr, or other useful materials with the company logo. Give some corporation gifts to employees as appreciation when they work to the best of their abilities. You will receive many benefits if employees use that gift in public places or in their homes. It will bring more opportunities to introduce your brand to potential new customers, as well as being a useful item for your employee's needs. Accomplishments list The team will be satisfied with their work if you distribute an email with their accomplishments list. When they have an important project or small job that they can complete and the company can give a bonus, it will improve their productivity. It's important to make employees feel good and inspire them to do better at the next project or job. Employee training Involve employees in seminars, training, or courses to boost their knowledge and work. The training will help employees to broaden their horizons, get to grips with the resources, become familiar with technological developments, and understand the companies' internal tools. Reduce distractions Distractions can exist in many ways. Music, lights, or cell phones can keep people away from their work. You can provide specific rules regarding the use of mobile phones while working, or how employees can listen to music. If there are a lot of impactful interruptions, you can't ignore that problem. We must respect each other with fellow workers by not disrupting them, and agree with a mutual agreement for a calm and conducive environment. Transparency Companies cannot only be transparent when they are in a difficult position. When a company is at a successful level, employees have the right to know and it's vital for leaders to be transparent about it. It will gain employee's trust and make them aware of the companies' expectations and measure success together. Plants in the office Sometimes the office environment seems boring if there is no good and unique arrangement. You can add plants in the office, and let employees take part in caring for the plants for a fresh office atmosphere and increase employee efficiency. The more oxygen in the air, it will help the office to get a more natural environment. Conclusion You can get ambitious workers by means of companies that have to start to improve employee productivity. Gratifying and watching what your employees do individually can foster a sense of trust and their personal happiness. It's good for office efficiency and achieving goals together. If you're looking for a reliable source of information and resources for small and medium-sized businesses, look no further than smebrother.com. Our website offers a wide range of articles, guides, and tools to help entrepreneurs grow their businesses and overcome challenges. Whether you're just starting out or looking to take your business to the next level, our team of experts is here to support you every step of the way. Check out smebrother.com today and see how we can help your business thrive.

The past few years have probably been the most difficult years for your new and young business. The effects of a pandemic, economic changes, the credit squeeze and recession can become a big problem and make it difficult for businesses to progress. But as business owners, we cannot give up on circumstances and must keep our business alive. We need to learn how to survive in difficult economic conditions and continue to develop accordingly. Splitting the two focuses between how to survive and how to grow is a challenging task but it’s still possible to do. That's why we need to know about business survival tips in 2023. What is survival and growth in business? The survival of business is when your revenue barely covers expenses. You will still be in survival mode if your growing rate of inflation is 2-3% per annum. If a business continues to be in survival mode for a long time, then they will go out of business. While growth is the long-term survival of a business by means of fund investments, drives profit and business performance, attracts new talent, brand awareness, and any efforts to make the business grow. Growth is necessary for every business, because it allows you to employ more staff, expand products or services, attract more customers, and take advantage of new opportunities. If you are out of survival mode, you can respond to market demand, capitalize on your brand, and increase your market share. Growth does not run by itself. You need to have a business survival strategy, business plan, and run it in a sustainable manner. What is most important for survival of business? Shifting from survival mode to growth mode takes a fair amount of time and effort. Every entrepreneur must find their position and know some of the important factors that make them survive. Know where you stand Survival mode means tightening profit margins, saving cash, cutting costs, and sometimes you need to lay off employees. Unlike the growth mode which expands their operations, adds employees, and reinvests profits. But growth mode also requires brainstorms with long-term payoffs. You need to know the current position of your business whether it is at a safe level or is it worrying. If you feel that too many resources are wasted, then you must immediately find the problem point and minimize resource wastage. There are several checklists that can be used as a reference whether your company is still in survival mode or not. Is the company's cash flow break-even? does the company have credit lines or existing cash that can be used for growth? Are there always new discussions for business development with existing staff? If you can answer all these questions, then you are in a good spot and ready to start developing. Focus on staff development Every staff must have a collective mindset to continue to grow and not be stuck in the same position. If your business is shifting to growth mode, then staff need to change their performance by adopting a proactive attitude, not stopping learning new things, and taking part in providing suggestions during meetings. You cannot force some of these things on every staff, but you can give them training or courage by giving them a positive attitude. Know why you need to survive Business survival must have a strong reason. Even though the recession is a pretty good reason, it can't be the main reference for why you have to keep moving and growing your business. Brainstorm with staff to assess your company's strengths and weaknesses, let staff provide their educated opinions for the common good. One of the biggest mistakes is business owners who are rigid and don't want to hear staff's opinion about what steps should be taken for the company in long-term measures. Each staff has their own input for what can be improved in the company, and this can become a shared spirit to build the company and stay alive. Top 10 business survival tips Here are some tips for those of you who are in survival mode and are struggling with the staff to ensure your business is running well to grow. Have a business plan A business plan must always be in every business and constantly reviewed. A business plan is like a route map to help business owners go in the direction they want. A good plan must have targets and a track record of whether your business stays on track. With a business plan, business owners will always be forced to think about the next step and what makes the business different from other similar businesses. Measure every numbers Every business owner must understand the key numbers in their business. Not only about finances, but also quantitative measures, such as numbers of inquiries, conversion rates, website traffic, capital for advertisements, etc. Great measuring numbers can be good records and understand critical key performance indicators when you want to grow your business. Good time management There are many time management tools that you can use to find out which tasks are urgent and which are non-urgent, try to get all of your staff to use the same tools so that the direction of the plan can be in accordance with what you want. Good time managers can become great routines and be followed by all staff. Don't let you or stagg do many things at the same time, and complete tasks one by one without being overwhelmed. Differentiate yourself Every business always has something in common with other businesses. Make your business unique by differentiating in the services, products, or after sales section. It's not an easy process, but you can start by asking for feedback from customers to improve service and product quality, and brainstorm with staff what marketing steps you want to take to differentiate between your business and competitors. Look for references from successful business men Looking for good people around you, like someone who is already successful in their field, can be your step for business survival. You need to hear their stories about how to deal with problems, how to survive, and how to thrive in tough competition with competitors. Don't hesitate to take part in seminars or add relationships for your additional knowledge in doing business. Audit your business Even though everything is going according to plan, you must still have a neutral outsider to see whether your business is developing positively or negatively. You can hire a professional auditor like Smebrother who can give you the best advice on how you can survive and move forward on the track you plan. Go online Technological developments require us to do business online. Make an online presence such as a website or social media, because every customer will see whether or not the company is trusted based on their social media and websites. There are many platforms that you can use for free to introduce your products and services, paid or free. Manage the cash Cash is crucial in business. Conserving your cash is necessary if you feel that the money is tight and it seems that the business is not running as it should. Keep an eye on expenses and watch for possible unnecessary costs. Work as a team Running a business doesn't have to only come from your own mind. You can brainstorm with staff, find out their suggestions and criticisms so you can have many perspectives on how you run your business. Take a mutual agreement to achieve success, and research together possible problems that arise and immediately deal with them carefully. Maintaining communication between the owner and staff can trigger higher morale. Always improve Every great business leader will never stop learning and improvising. Set aside some time to learn new things that suit your products and services, invite some of your staff to upgrade their skills. You don't need to do it every day, but you have to do it at least once a month. By learning new things, you can prepare long-term plans and invest in self-improvement.

Having a business is hard work and full of thought. For many owners, the cost of living crisis and pandemic impact probably adds up to the problem, and is the reason why small businesses must survive despite the many challenging economic circumstances. Many small business owners have priorities for balancing the books for every month and achieving growth too. By carrying ambition and positivity, every business owner must understand how they are going to survive and take their business to the next level. Do small businesses need to level up? Every businessman will pursue their dream to bring their business to success. No business owner wants to be stuck in a condition and not develop their business. Leveling up their business is necessary to reach a wider market and aligned with more income. If there is a business that does not have a goal and does not understand what goals they are going to achieve next, then the business being run also cannot be understood whether it is profitable or losing. Even though running a small business is not an easy job because you have to think about ways to survive and brand awareness, business owners must still maximize opportunities and try to bring their brand to the wider public. That's why small businesses need to level up. What does it mean to take business to the next level? Taking small business to the next level implies that you need to bring high quality products and services, constantly refining and improving every aspect of what you provide and how you do it. Companies that continue to strive to provide the best and always have new steps to improve something that is lacking in their business show that they are ready to step into a better position. Knowing the results of taking the business to the next level can be seen from how many people are interested in our products or services, how much positive feedback we get from consumers, as well as evaluations from management to improve the quality of our products or services on a regular basis. We cannot judge for ourselves whether the small business we are running is already at a higher level or not, because there must be an outsider who evaluates it neutrally. If you need someone who can assess what is lacking in the business you are running, you can hire a professional auditor to conduct an overall audit. Smebrother is your answer for conducting audits and preparing your business to the top. There are many things that you can prepare to take your business forward and start to earn more. Let's take a look at some ways to take our business to the next level. Ways to take small business to the next level Doing many ways can ensure how we can do the best for the growth of our business. If you feel that in some way it will open up many new opportunities, then you can do several things at once and evaluate afterwards, until you feel the results. Stay current with technology Technology will continue to develop, and our efforts must be on the regular track of the technologies. Staying updated with technologies can open doors for enhancement and development. Knowing which side of technology can be utilized for our business will help a lot to save money, time, and other resources. We can assess whether our business can be aligned with the latest technology, or we have to find a way, so that our business is not left behind. Innovation by keep moving forward Many business owners still question why small businesses need new innovations. Innovation is the lifeblood of every business, because every business must keep moving forward and unlocking better ways to deliver what the customer wants. Providing services or products without new innovations will not make consumers happy with your services or products. If you are always thinking about targeting a new market, trialing a fresh way of working, testing a new product, offering new services or products with a new look, you will never lose sight and add new customer possibilities. Remember, whatever changes you make must be in line with your goals, and evaluate whether they are in accordance with business growth. Ensure every employee understands the direction you are headed to achieve the same business mission. Boost productivity Do not get the wrong idea that productivity will increase along with the number of working hours. Having to work every day of every week doesn't always make your business run well, in fact, this hustle culture will burn you out. You have to understand how many hours of employee time will spend their best thought and energy, without having to waste time on things that have nothing to do with work. Do not force your employees, or yourself to work more than 6 hours, because scientifically humans will only be able to fully focus on working for a maximum of 6 working hours. Instead of making long to-do lists without timings, you can change them with quick ticks lists and flexible working hours. Give rules such as not allowing employees to use cellphones for purposes other than work, and giving time alone for employees to take a small break. Don't forget to organize additional hours or certain days for relaxation such as game time, time to chat with co-workers, and discuss something fun. Commit to continous learning Learning new things and continuing to upgrade knowledge is one of the keys to bringing your business forward. You need to commit to doing regular learning to build prospects for new ideas. No matter how much a person has achieved and gained, there's always room to grow. You can learn from other people who are more experienced, read books, attend seminars, or brainstorm with employees. Continuous learning must not only be carried out by business owners, but also employees. You can involve employees to take part in online training, mentoring, self-paced programs, or integrated opportunities. You can implement what you learn into a business strategy until you can go in the right direction and help your business in the long run. Change of marketing activities Along with the development of technology, many entrepreneurs have carried out online marketing for their business expansion proceedings. Online marketing techniques can move your business forward faster than using a traditional approach. You need to learn some social media, and online methods to market your products and services. Opening online platforms is now much easier, and you can get knowledge for free on YouTube or online documents. If you can use social media well, you can create a website to gain customer's trust and flourish the business professionally. If you feel overwhelmed to carry out one of the marketing methods, you can do both traditional and online methods, and do more methods that you think will generate more opportunities for new customers.   Maintaining a business and bringing it to a better direction is the goal of every business owner. You can start from how you learn new things yourself, and continue to innovate so that your business is not stuck in just one position. You can involve employees for business development and align your business goals with them and reach the top together.

近年，中國政府也放寬了外商獨資企業（WFOE）的註冊要求，不再強制要求100萬人民幣的註冊資本，而且也降低了企業的所得稅率。對於想上大陸開公司的港人是絕對的利好消息！那麼上大陸開公司之前，首先要了解究竟有什麼需要特別注意的: 大陸公司類型 想在中國大陸開立公司，首先要找出適合你的業務計劃的公司類型，可以選擇的業務結構包括：有限責任公司（LLC）、股份公司、合資企業（JV）、外商獨資企業（WFOE）、代表處（RO）、國有企業、私營企業和個體企業。以下會介紹三款比較常見的公司類型。 外商獨資企業（Wholly Foreign-Owned Enterprise WFOE） WFOE是最受歡迎的公司種類，由外國投資者成立，不涉及任何大陸的投資者。由於公司由外國人全權控制，因此公司營運上有更大的靈活性，可以從事營利活動並僱用本地和外國員工。WFOE是一種有限責任公司（LLC），股東只需就公司的債務損失承擔有限責任（Limited Liability），即是只局限於其投入的本金。成立過程通常需要2 – 4個月，而最低註冊資本則因業務種類而異，一般為10至50萬人民幣。 個體企業（Individually-Owned Enterprises IOE） 個體企業是最簡單的公司類型，通常適用於預型且簡單的業務，例如非連鎖式的商店和小餐館。只有中國公民才可以成立個體企業，因此香港人都可以考慮以此方式創業，經營一些小生意。成立個體企業無需註冊資本，亦無需聘請員工，而且因為不是法人公司而可以享有較低的稅率和營運成本。但是，亦因為這類型的公司不是法律上的個體，經營者要為其承擔無限責任，當公司資產不足以償還其債務時，經營者就要用個人財產去償還。 合資企業（Joint Venture JV） 合資企業是兩間或以上的公司同意共同成立一個單獨的企業，其業務結構是有限責任公司（LLC）。合資企業的參與者會共同承擔投資金額、管理責任以及公司的債務損失。在中國，合資企業一般為一家中國公司和一家外國公司或外國投資者共同合作而成立。此類型的公司特別適用於一些受限制的行業，例如傳媒行業，而在其餘行業依然是外商獨資企業（WFOE）最受歡迎。 大陸開公司注意事項 1. 我應該如何選擇設立業務的地點？ 中國大陸在業務經營方面分了不同的區域，例如自由貿易區（FTZ）、經濟特區（SEZ）、高科技區（High-Tech Zone）等。自由貿易區包括上海、廣東、天津等18個區域。在自由貿易區會有較多的外商企業，營運業務的形式亦較多元化，會比較適合香港人在當地創業。 2. 我需要為我的公司註冊商標嗎？ 中國不承認在其他國家/地區申請的商標。若果你打算把現有的香港業務擴展到中國內地，緊記要重新在內地作商標註冊。即使是新創業，也建議花一筆小錢去完成商標註冊，以保護品牌的知識產權。 3. 我應該選擇WFOE還是個體經營？創業前有什麼要考慮？ 作為香港人可以選擇個體經營，因其申請程序較簡單，涉及的創業資金和營運成本也較低，但注意不要經營高風險的行業。雖然註冊過程無需提交公司章程或詳盡的業務計務，但最好還是作最周全的準備，例如店舖的選址考慮，即使是一街之隔，人流也可以差很遠。 完成公司註冊後和開設公司銀行帳戶後，就要把剩餘的初始資金轉移到大陸的銀行戶口。 大陸開公司稅款 在中國大陸經營公司可能會面對以下幾種主要的商業稅項： 企業所得稅：標準稅率是25％，但對於某些受中國政府鼓勵的行業而言，稅率可以降低到15％，甚至還有免稅期。應稅款項為業務獲得的收入減去經營業務所涉費用的金額。 個人所得稅：累進稅，稅率為3 – 45%。 非居民預繳稅：只適用於非居民，針對利息、租金、特許權使用費和其他被動收入而徵收10%的稅款。 增值稅：適用於在中國境內銷售的商品和服務，標準稅率為17%，某些必需品的稅率則為13%。 消費稅：適用於14種消費品，包括煙草、酒精、化妝品、珠寶、汽車等，應稅款項為總營業額。 商業稅：適用於在中國境內銷售的服務，包括無形財產的轉讓和房地產的銷售服務，稅率從3%到20%不等。 房地產稅：對房屋和建築物的擁有人徵收的稅項，稅率為物業價格的1.2%，或年租金的12%。 契約稅（Deed Tax）：購買或轉讓物業時要繳納3 – 5%的稅款。

The COVID-19 pandemic might be slowing down, and governments all around the world are slowly planning on returning to something similar to the “normality” in the past. As the first country to feel the impact from the pandemic, China is also rising back to its former glory. BBC.com reports that China has reported an economic growth of 18.3% in the first quarter of 2021. Hence, new businesses were created, and job opportunities are advertised for new recruits. The post-pandemic world also presents a new opportunity for new entrepreneurs. During the lockdown, e-commerce and digital marketing grew significantly. Online sales grew by 3% during the first two months of the pandemic, and it surely will not stop. If you are looking to start a new business in China, creating an online platform would be a perfect place for you, considering that it could also reach a wider range of audience. Plus side is: it won’t even bother your main job! You could just consider it as a side business if you are hesitant in leaving your main income. Starting A New Business: Now (or never?) Now let’s get back to the topic. Online sales or not, starting a new business in China is a pretty good opportunity, and one that you can’t afford to miss. Even before the pandemic, owning your own business is definitely a risk that will pay off with high rewards if you play your cards right. Perhaps, you would wonder: why now? Is it really the right time, considering that the economics are still in recovery? Well, we are here to explain why now, more than ever, would be the perfect time to open a company in China!   Interest rates at a low point Business climate in China and everywhere has definitely changed since the pandemic. New businesses are emerging in China after the lockdown. And if you are wondering ways to get a business loan in China, then worry not! Interest rates have been lowered as a result of COVID-19, and it’s probably best for you to seize this opportunity to invest in your business.   Cheap, cheap, and cheaper In this digital world, your business won’t be successful without the help of services such as Canva, Zoho, and other tools you need. Fortunately, due to the impact COVID-19 has on the economy, vendors need to activate their survival mode and offer a lower price for their services. With the promotional prices and discounts all flooding the market, what better time to be doing a business here in China right?   Digital world: a world for everyone One of the positives to be taken out of the pandemic is the increased networking via digital channels. As a result, it’s so easy to find talents you will need for your business to grow. Most of the workers out there are currently looking for a new shift and job opportunities. Before big time companies such as Google and Apple, who are aggressively hunting for fresh faces snatch them, you best bet that now would be the perfect time to hunt down quality workers. Can’t afford to pay them on a monthly basis? Worry not, as there are so many freelancers out there that could suit your criteria! Time for You to Step Up Another positive to be taken from the ever-growing world of digital platforms is the opportunity it presents for you to compete with big time players out there. With ideas and creativity, it’s not an impossible task to be David and beat Goliath. But those things alone are not enough, as there are a lot of Goliaths you will be facing out there. You will need strategic planning, as well as careful considerations to execute your mission in order to be the best and beat out other businesses in China. There are a lot of ways to build and plan out your mission, but here are some of the basics you will need to know in order to really get you company going:   What’s your passion? It may seem simple, but it could be really essential. Here’s why: building a business based on something you like would definitely reduce the burden of “working” on your mind, as you are doing something you are passionate for. To start a business, you will need to do some background research. It will certainly require less time to research when you do something you like. The period of time you saved can be used for you to fasten up the launch of your business   What’s happening out there? Unfortunately, there’s a possibility that your passion doesn’t align with the trend. Don’t sleep on this fact, and make sure to study China’s business market. It would be a waste of time to build a cool company that attracts no interest. You could also check out the top 10 industries in China, and use them for your reference in starting your own. One more thing: try to think of what your potential customer needs now rather than what they needed before during the COVID-19 pandemic.   Planning and execution A good plan will help guide you to the right path. To make it right, you will need to answer some questions, such as: -          What’s the cost of doing business in China? -          How many tools will I need to help develop my business? -          What kind of marketing strategy I needed to use, and which platform to use it for? Hopefully, those questions will be able to help you in mapping out your business strategy. You could also search out other companies and learn how they are doing their business in China. Business in China for foreigners: doable? Starting your own business is a very interesting opportunity for everyone, including foreigners. In fact, what better way to make a living by being your own boss? The Chinese government allows foreigners to start their own company. In fact, they could own a wholly foreign-owned enterprise, or WFOE. Other alternatives would be to open a joint venture and do business with Chinese companies. Either way, it’s a very exciting prospect. Still unconvinced that doing business in China as a foreigner is a huge opportunity? Try to search for the list of foreign companies in China, and you will find a huge number of it. By the end of 2019, there were a total of 179,268 companies with foreign direct investment in Guangdong alone, and the list will keep on getting bigger as time goes by. Here are some of the top foreign companies you could find in China: -          The Daimler Group -          GE (General Electric) -          Walmart -          Microsoft -          Honda -          Casio -          Fujifilm Mind the Culture! As a foreigner, it is important for you to learn and adapt to the local culture. It will proof to be beneficial, and helps you to understand people in your environment. The same thing goes for business reasons. You wouldn’t want your business going down in flames just because of a clumsy misunderstanding with others, right? Besides the local Chinese culture, you will need to understand the business culture here in order to avoid any errors. We have listed down some of the basic cultural knowledge that you could note down.   Discipline The Chinese held on to a strict discipline. They really value punctuality, and working hours are usually 8.00 am to 5.00 pm, Monday to Friday. They have two hours break within that period, and work stops during the time to eat, nap, or refresh yourself. However, sticking to an end of a schedule is not a common thing, as the end of an appointment is rarely scheduled. Chinese people also held a strict hierarchy. During a meeting, people who enter the room first are the one with the highest rank.   Conversation Chinese people liked to have small talks at the beginning of the meeting. Popular topics to begin a conversation are: art, landmarks, climate, or travelling experience. However, avoid political-related discussion at all costs. They would also appreciate it if you learned and used a couple of sentences in Chinese.   Numbers Numbers play a huge part in Chinese business culture as well. As part of their beliefs, some number hold a good omen, whereas others don’t. Here are some of the examples: o   8 is the luckiest number, giving something with this number means a good gesture too o   Number 6 is often considered as a blessing for progress and smoothness o   4 is the number of death, and 73 means “funeral” How to Register a Company as a Foreigner? You may wonder this question, right? Perhaps you would worry that it will be one of the many challenges for foreign companies in China. But turns out that it is not a difficult task to do, after all. Registering a company in China is a simple task to do. Follow this task below!       Prepare all of the documents Typically, you will need to submit the documents such as: Legal ID, homecoming permit, and Shareholder ID. You will also need to provide the name address for your company, business scope, and proposed capital.   Figuring out your legal structure Before moving on, it is best for you to try and figure out the legal structure of your company. As previously mentioned, there are different types of companies owned by foreigners: WFOE, Joint venture, and Representative Office. WFOE is a company owned fully by foreigners, whereas Joint Venture is a cooperation between foreigners and Chinese partners with less restriction.   Recruit talents It’s highly advisable for you to try and recruit local workers for your staffs. They understand the local culture and market better than foreigners do. They could even provide you with suggestions to further develop your company while adapting to the local culture. To accomplish this, you will need to find a recruitment agency. They will be able to find top talents that are suitable for your needs.   Opening a bank account If you haven’t already, make sure to open a new bank account intended solely for your business purpose. WFOE is required to have a minimum of two bank accounts: an RMB basic account to help your daily operation and foreign currency capital contribution account for receiving financial injection abroad. Both of them will function are a must have for your operation, so be sure not to miss it.       Find agencies Registering a company by yourself will take a lot of your time and money. Therefore, you could use the help of agencies that specialize in this situation. We could help you to register your company! So, what’s the procedure? After making sure that you have all the documents and legal files needed, you will need to follow these steps: -          Application for name verification and registration online -          Supply information -          Waiting for review the application. It usually takes up to three working days -          Finalization completed registration -          Business license obtained and your company is a go! Sounds easy and simple, right? Just like that, you will own a legitimate international business in China. SME Brother won’t take you to a longer path in order to obtain your licenses. What are you waiting for? Go do some research for your business, and get rich by doing so!

2023深圳創業指南：前海及深圳政策優惠詳解，南山前海專為港澳青年提供多項創業補助，包括資金、場地減免及專案補貼。龍華區提供辦公場地減免，人才住房補貼等福利。羅湖區則鼓勵港澳專業人才入駐，提供就業及創業補貼。深圳成為香港人開拓市場的理想之地。

深圳公司註冊下來後，就需要辦理銀行基本帳戶的開戶了，那麼深圳公司辦理中國四大銀行基本帳戶開戶都需要準備哪些資料呢？

隨著社會的發展，越來越多的香港人有自己的想法，開始走進中國內地市場。 你是否同樣厭倦平淡無味的朝九晚五？想走出自己的小圈子去看這個大世界？