In this article you’ll find all the preliminary information that you need to open a company in Singapore. We wrote it in collaboration with the agency that we recommend for opening your company. Here what you’ll learn:
In the year 2011, I was in China for the first time. I remember that I was traveling with my best friend, and as he was passionate about coffee, he couldn’t hold out and ended up paying more than 40 Yuan for a black coffee at a Chinese hotel.
One year later, in 2012, I went back to China to learn the language. I arrived in Yantai (in the Shandong Province), a small coastal city with a large amount of South Korean and Japanese influence (if you ever go to Yantai, you will most likely try Korean and Japanese food). In Yantai, I saw how people were starting to open up small specialty coffee shops, some of which had coffee from many different places of origin, and how Chinese customers were slowly starting to try the drink.
Since 2013, coffee shops of this type have slowly started to increase in the city and the offering is getting broader, following the Chinese precept of the art of war… Or maybe the art of imitation.
virtual telephone numbers!
What is a virtual phone number?
A virtual number is a phone number that isn’t associated with any physical phone line: all the incoming calls are redirected to another number (for instance your mobile number)
Why you may need a virtual phone number
Have you ever used a roaming service while you were abroad? I did it when I just arrived in China and I ended up paying a huge amount of money (at the time my family needed to contact me quite frequently and I was often offline). After the first crazy expensive bill I decided to find a solution to this problem. This is how I stumbled upon virtual numbers.
Using a virtual number to redirect calls from a local number in your country to your Chinese mobile number is probably the best option to receive calls in China or wherever you are. It’s cheap and you won’t have to teach your grandma to use Skype!
The Canton Fair is held every six months on the island of Pazhou, at the China Import and Export Fair Complex (380, Yuejiang Zhong Road, Guangzhou).
This is the biggest Commercial Exhibition Fair on the planet. Just to cite a few numbers, in the Spring edition of 2015, some 24,713 manufacturing companies (or wholesalers) participated and 184,801 foreign importers.
In this article you’ll find all you’ll need to plan your trip to the fair. Specifically, we will cover the following topics:
- When does the Canton Fair begin?
- How to sign up for the Canton Fair
- Visa for the Canton Fair
- International flights to China
- How to get to Guangzhou from Hong Kong, Beijing or Shanghai
- Hotels for the Canton Fair
- Health Insurance
- Internet and communications
- Getting around Guangzhou by taxi or metro
One of the most frequently heard problems of those who move to an Asian country such as Hong Kong, Thailand or Vietnam is that of sending the necessary money for initial expenses to their new country, without getting fleeced by the banks, who can make you pay up to 5% commission.
5% may seem “acceptable”, but if you send 10.000 USD we’re talking about a bank commission of 500 USD!
This goes not just for those who move for work, but above all for students, who not having a salary need to send the necessary funds from home to survive in their new country, such as Hong Kong for example, for the entire length of study (even six months or a year).
How can you solve this problem? By using TranserWise!
Ps. I lost a ton of money transferring it via wire transfers up until last year. The reason is that, even if I was aware of the existence of TransferWise, I never tried it because I thought it might be complicated and, moreover, I didn’t understand how it worked.
This is why, at the end of this article, I will explain in detail both how to use the service and the strategy (all legal and safe) that TransferWise uses and similar platforms to lower costs.
What is TransferWise?
Simplifying it to the extreme, TranserWise is an online platform that allows you to send money abroad that could save you up to 8 times what you would spend on bank commissions sending the same amount via wire transfer or credit card.
TransferWise’s commission is 0.5% for the majority of currencies; that commission can however increase depending on the currency.
To send USD from your bank account in US and receive Hong Kong Dollars in a Hong Kong bank account, for example, the commission is 0.5%. [Read more…]
Click here to find out more!
This article is a complete guide to getting a Chinese VISA. Keep reading to find out the answers to the following questions:
This article is a complete guide to starting a company in China. Here’s an index of the subjects we will cover:
In this article I’ll explain how to use the job search engine of SDC, which is specifically tuned to only returns results relevant for who is looking a job in China.
You can click here if you want to try it right away.
This article is a step by step guide on opening a company in Hong Kong. I own a company there, so every piece of information that you’ll find on this page comes from personal experience.
Here what you’ll learn in this page:
- How to spot an honest agency and avoid scammers while opening your company (you need an agency if you don’t want to handle all the paperwork yourself and/or you don’t want live and rent an office there).
This article is provided only for informational purposes only and neither the author nor any companies and/or service providers mentioned in this text makes any representations as to the accuracy, completeness, currentness, suitability, or validity of any information in this article. This article only represents the views of the author and is not endorsed by any company and/or service provider mentioned in this text.
Do you dream of setting up your own online shop or import business? In both cases, the best way is to begin your research on the internet.
But how to get started?
I asked my friend and business partner Fredrik, who’s been helping Western companies import from China since 2009, to write this article for my website. Here is what he has to say!
Alibaba.com and Aliexpress.com are well known among importing businesses worldwide. Both websites are owned by the Alibaba Group, based in Hangzhou, China. The difference between the two websites can be hard to spot at a first glance, but they have two very different business models with different strengths and weaknesses. This article will help you choose which one to use.