Outsourcing China accounting
Posted by vilybily on February 25th, 2015
Starting a company in China is not as easy as we would think it to be, at least not as easy as it would be for us to start a company in our own country. However, the profitability of such a move is or at least should be more than obvious. The main problem comes from the language barrier since the language is hard to learn and we’ll need to hire interpreters. However, we can setup our company easier by hiring Hong Kong payroll services from professional companies.
There are many reasons for which we should consider opening a company in China as opposed to anywhere else in the world. If we were to look at a report from a few years back, we would see that those that use the internet are close to 485 million. When it comes to how many people are using mobile internet, the number decreases slightly, with a reported 318 million. The market has been rapidly growing ever since then and we shouldn’t be surprised if the numbers are with a quarter higher by now. One issue that we might find isn’t that China is a different country from those that we already know as it would be fairer to assume it’s an entirely different world. Simple things like China accounting will require a different approach. However, we should consider getting Hong Kong payroll services as well as accounting services from a professional company that knows the ins and outs of the trade.
Being a big country, China is split into different regions that have their own governors. Another thing we will find different and possibly quite disturbing at the same time is that even though the laws are the same in all the regions the way in which they’re applied or interpreted depends on the governor of the region. This means that we’ll find ourselves in a better position by consulting directly with high officials from our region rather than just ignoring them. However, more often than not we will see that getting in contact with region officials is almost unavoidable. While it’s not uncommon for region governors to get switched and arrested on accusations of corruption, what we’ll most notably be interested in is the fact that any previous deal we had with the former government official are off the table. This also means we’ll need to keep our China accounting in serious order. An easy way to avoid complications is to outsource these departments by hiring Hong Kong payroll services and accounting.
While we can certainly find talents in the vast population of China, albeit not necessarily easily, holding on to them is another thing completely. We always have to be prepared to get someone else to fill in the missing employees without which our company’s productivity will suffer. Having a Human Resources department is mandatory, but it won’t guarantee loyalty, not even of those in the department themselves. A much safer alternative is to outsource this as well, and having a single company that can handle our China accounting, HR and provide us with Hong Kong payroll services will help us focus on more important things like product development and marketing campaigns.
About the Authorvilybily
Joined: November 18th, 2014
Articles Posted: 71
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