Offshore Investing in 2021: Why You Should Consider China

China is the new go-to jurisdiction for any investor seeking to rapidly grow his/her company. For about four decades, China has demonstrated its outstanding zeal to become the indefatigable global leader in business. This indicates one thing about the country – no matter the time or season, your business in China will flourish. Check the scenario that was captured the last few years. 

In 2019, China ran into serious challenges, from uncertainty about the US-China tariffs to the Hong Kong crisis. Despite all the challenges, most businesses flourished, and the country’s economy grew by 6%. In 2020, the country was hit hard by the COVID-19 pandemic, but its resilience is impressive. This assurance for growth is just one of the benefits that you can anticipate after opening a business in China. Here are other remarkable advantages that you do not want to miss. 

China is the International Leader in Science and Technology Industries :

One secret that China has discovered and used to lever its economic empowerment in science and technology. The Chinese administration has been targeting investments, especially in the “strategic emerging technologies,” with incentives to boost their growth. If your business is in any of the following areas, it might qualify for financial support, tax incentives, and research & development assistance. 

• Environmental technology. 
• Green vehicles development. 
• Advanced material processing. 
• Renewable energy. 
• Advanced manufacturing. 
• Biotechnology. 
• Information and telecommunications. 

World-Class Infrastructure:

For businesses to thrive, they need to have jurisdiction with well-developed infrastructure, and China leads the way as others follow. For years, the country has put effort into developing its infrastructure and now has some of the best roads, airports, inland container depots (ICDs), and information technology-related infrastructure. Take the example of one of the facilities, the Shanghai port: 

• Shanghai port has been in operation since 1842. 
•  In 2019, Shanghai port handled a total of 43.3 million TEU. 
• Today, it is the largest port in China and across the globe too. 

An Enormous Local Market:

The primary reason that makes investors consider going offshoreis the shrinking local market. Whether your enterprise is in the health industry, hospitality, telecoms, or manufacturing, among other niches, you can count on China’s more than 1.3-billion people for the market. The country is also strategically positioned in the heart of Asia, allowing you to also expand to their markets. With China, the sky is the limit. 

Work with an Agency of Experts to Grow Your Business Faster:

As you can see, China is a country with a fast-growing economy, huge market, and stable political economy – attributes you can count on to grow your business. However, we must indicate that the national laws, local regulations, and legal framework for doing business can be pretty complex. The best method to deal with these complexities is working with an agency of experts. 

These are professionals who have been in the Chinese market and understand how multi-agencies work during registration and company growth. They can also come in handy to help you with executive functions, from accounting to filing returns for your company. Besides, you can ask them to help with crafting strategies for success. With a professional on your side, you are sure of fast growth and success for your business in China.