Thursday, November 21, 2013

November 21st 2013 - Accounts of my Start Up Part 1

It's always hard to start. Beginning are usually full of complications, insecurity and distress. If so, I guess every day is a new beginning.

I started International Partners Consulting Asia more than 4 years ago with the idea that companies in Panamá and Central America needed a secure and practical way to find qualified suppliers in China and keep an eye on the whole process of acquiring products from those suppliers. Later on, as we got more experience and clients, it also became necessary to handle our client's suppliers relation, which is important when it comes to negotiations.

In late 2008 I started registering the Representative Office in Beijing. I used this form of incorporation due to the fact that it was the cheapest way to do it in those days. The other forms of incorporation for foreigners have an initial investment of a minimum of a 25,000USD, which I think is a consulting WOFE. I did all the paper work an registration by myself, it was hard but by February 2009 I was running.

Doing the paper work gave me a lot of insight of how the Chinese government works. It also made me understand which branch regulates what, and that as a foreigner, it was going to be hard. Half of the population thinks that as a foreigner you are wealthy, the other half thinks that you come to make money off of them, net very helpful thoughts.

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