Mainland China
Business Expansion
made easy.

Why Mainland China?

Mainland China is the fastest growing emerging market and has the largest economy in the world, with vast opportunities for business in technology, luxury goods, engineering, healthcare and finance.  This market presents immense business opportunities and should rank at the top of the list for global expansion and investment.

Mainland China has enjoyed a remarkable period of rapid growth moving from a centrally-planned to a market-based economy. With a population of 1.3 billion, Mainland China is the world’s second largest economy by nominal GDP (the largest by PPP) and plays an important and influential role in the development of the global economy. Mainland China has been the largest single contributor to world growth since the global financial crisis of 2008.

Mainland China is the world’s largest manufacturer and exporter of goods. But, with population changes resulting from economic growth, it is also the world’s fastest-growing consumer market and second-largest importer of goods. Mainland China is a net importer of service products. It is the largest trading nation in the world and plays a prominent role in international trade.

Reasons to do business in Mainland China include:

  • Access to an economic powerhouse
  • Technology and innovation leader
  • Proximity to world-class manufacturing
Greater China EN Incorporation Guide

Doing Business in Mainland China

Like all markets in Asia, Mainland China has unique business and cultural considerations that impact foreign businesses. To make business expansion easier, here is a list of important aspects about doing business in Mainland China:

  • Government policy and regulations
  • Complex tax system
  • Rigid payroll compliance
  • Rigorous foreign exchange control
  • Locally based accounting
  • Visa Processing
  • Business Registration
  • Employment considerations
  • Business etiquette

Planning to set up or further expand in Mainland China? Download our Mainland China business expansion guide to learn more.

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How Tricor can help in Mainland China

Tricor Consultancy (Beijing) Limited (Tricor Mainland China) provides services on location from five cities in Mainland China – Beijing, Chengdu, Guangzhou, Shanghai and Shenzhen.

Tricor Mainland China, first set up as a representative office in Beijing in 2001, further expanded into a wholly foreign-owned enterprise (WFOE) in 2004, and subsequently acquired certain businesses of Ernst & Young in Beijing and Shanghai in 2005.

Tricor Mainland China specialises in guiding investors to navigate the vast Mainland China market, where business conditions and industry specific requirements may vary from province to province.

Tricor specialists, in collaboration with legal advisers and banks, provide expert advice and professional solutions to our clients, supporting their Mainland China operations while providing maximum flexibility and scalability.

Tricor is well positioned to unlock the potential of your business in Mainland China, and help your company stay one step ahead of today’s diverse and fast evolving regulatory environment.

Tricor can help your business with company incorporation as well as corporate solutions including accounting, payroll, payment processing, tax compliance and corporate governance and secretarial services.

Whether you are looking to set up shop or streamline and expand your current operations, we can help you. Our services include:

  • Strategic and practical advice: guiding the selection of business models between Wholly-Foreign Owned Enterprise and Representative Office balancing our clients’ business needs and local government requirements.
  • Business model implementation assistance: setting up business entities through registration with government authorities and subsequent bank account opening.
  • Compliance advisory: navigating local policies and regulations related to corporate governance, tax, payroll and foreign exchange.
  • Accounting support: ensuring records are maintained according to local requirements and concurrently furnishing the group reporting package with required schedules and periodic reports.
  • Bank account set-up support: providing bank signatories, settling your organisation’s payment obligations, bank account reconciliation and administration.
  • Payroll support: Assisting in payroll processing including gross to net calculation, individual income tax filing, social security and housing fund administration.

Strategically headquartered in Hong Kong SAR, we operate out of 21 countries/territories and across a network of 47 offices. 

We proudly serve over 30,000 clients including 1,300 companies listed on the Hong Kong Stock Exchange, over 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.

As the leading business expansion specialist in Asia, Tricor provides the building blocks for, and catalyses every stage of your business growth, from incorporation to IPO.

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