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<title><![CDATA[business - Post by kentcy23]]></title>
<link>https://www.gokunming.com/en/forums/thread/4997/business#post-20596</link>
<description><![CDATA[any suggestion on what small business should i start in kunming.]]></description>
<content:encoded><![CDATA[any suggestion on what small business should i start in kunming.]]></content:encoded>
<pubDate>Sun, 25 Sep 2011 14:33:03 +0800</pubDate>
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<title><![CDATA[business - Post by GoK Moderator]]></title>
<link>https://www.gokunming.com/en/forums/thread/4997/business#post-20597</link>
<description><![CDATA[If you are new to Kunming, and especially if you are new to China, and have no connections (Guanxi), your options are limited.<br />
<br />
Opening a bar or restaurant can be difficult to do legally, it&hellip;]]></description>
<content:encoded><![CDATA[If you are new to Kunming, and especially if you are new to China, and have no connections (Guanxi), your options are limited.

Opening a bar or restaurant can be difficult to do legally, it can take years to get the correct permits.

Unless it is your Chinese family, don't have a Chinese business partner. There is not real sense of business ethics in China. I know several Chinese nationals who have been ripped off by local partners. The stories of foreigners being ripped off are manifold.

If you are going to set up a company, one of the few options truly open to foreigners is some kind of consultancy. The most common consultancies are for trade or education. The former is a possibility if you can find western companies who need a bridge to Kunming, or if you can find western customers for Kunming products. The latter being teaching or training, as you need a license to be a school.

To set up and register a company you need at least 100 000 rmb, that would be a local company that would need a local/Chinese figurehead. I am not sure how much money you need for a WFOE (Wholly Foreign Owned Enterprise (pronounced Woofee) currently.]]></content:encoded>
<pubDate>Sun, 25 Sep 2011 15:14:58 +0800</pubDate>
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