Starting a business in China / Visa considerations

[James3]

@deremifri

 

Not so much that, but having to prove there's enough money to run the business. Kind of starting this on a shoestring, if you will; wouldn't be able to satisfy such a "proof" requirement.

[Matty]

Not so much that, but having to prove there's enough money to run the business. Kind of starting this on a shoestring, if you will; wouldn't be able to satisfy such a "proof" requirement.

 

A little like me actually, I can keep you up to date as I go.

 

It pretty much involves showing expected earnings, how many managers and employees, how much each of those will be paid per month.

Rent costs for the year, electricity, water.

Equipment, etc.

 

For me... rent is free, I don't really need any employees yet, but you can't really leave everything as 0's.

 

So we just upped our expected earnings, added some employees.

Made up a low rent (even though we have a free location owned by a friend).

 

I don't believe the numbers look great, but we'll see how it goes.

They seem to like bigger companies and such. You'll probably need at least one Chinese employee, maybe more, for legal reasons.

 

The whole thing's given me a bit of a headache, but we push on.

 

The money I need is more than what I claim I have, so I put in some large expect earnings so offset it a little.

 

......

 

I prove how much money I have with a bank reference letter from Hong Kong. HSBC gave me a Chinese copy, so I didn't need to have it translated.