National SEO vs. Local SEO
National SEO is driving website traffic on a national level. National SEO focuses more on brands, not location or service. When you don’t have any geographical borders and you are eager to present your business worldwide, National SEO campaign is a good approach. If your company is ready to take an international online challenge, so you can choose National SEO campaign, offered by GetGoogleSeo experts.
As you create and expand your online business, you need to figure out exactly the difference between local and National SEO, in order to decide which strategy to implement. Our highly educated SEO team will do our best to provide full information to you and to take care about all difficulties you will face. Here are some key points that will help you to define which one to choose – local or National SEO.
- Severe competition. If you want to expand nationally, you must take into consideration, that a struggle in gaining more customers will be serious. Your company must be prepared to compete with national brands. GetGoogleSeo can cope with every challenge and help your business to develop both nationally and locally.
- National brands. Surfing the Internet you can find a lot of famous brands on the top of SERP. Because they are internationally-recognized, people can rely on their products and services. A smart approach and logically built chain of National SEO campaign is exactly you need to be on one level and even one step ahead your strong competitors. We are here to manage it in a best way.
- More complicated and in-depth marketing services. Appearing in the National SEO market your campaign automatically becomes a part of a robust marketing campaign. This level of campaign includes a content strategy and paid advertising, also Local strategies like local citations and map listings. Be ready that it will take both time and money.
Why to choose GetGoogleSeo?
First create a smart content
SEO is an on-going process and a smart content is an important component. When Google introduced it’s Hummingbird Algorithm update, there has come changes in the targeting keywords and content generation. Optimization of content and authoritative linking strategies are the main components that we use to keep your website up to date and to push it to the top of the results page.
The importance of quality
GetGoogleSeo is the company, that focuses on achieving the highest results in the National SEO market. That is the reason of effective link building and it’s adjustment to the ever-growing changes of search engine algorithms.
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Last year has come to an end ,thank you for all the support and trust you have given us during the year. We are looking forward to a year that brings new challenges and opportunities .
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Looking to make your first order from a Chinese factory?
Or maybe you’re currently doing it and still crossing your fingers that it is going along well.
We know how nerve racking it is, and hope to help you today.
Here are some 10 tips we have learned over the years from our own experiences and talking to experts in the field.
Make Clear Specifications
If you want to avoid problems with a Chinese factory, then look professional from the beginning. If you come to them looking like an amateur, then they will underestimate you.
What can you do?
So do as much upfront research and work on your product as possible before approaching a factory. Is it a pre-existing product, an enhancement, or a brand new innovative product? Each one of them requires different level of specifications, but the more homework you do the better. And the ideal is to have a sample of the product in your hands and sending it to the factory, they can look at it and give a full and complete estimate.
But please be careful and make sure this factory is trustworthy before sending over your hard work.
Don’t Focus on Price Alone
If a factory can tell you are looking at price and price alone, then in my experience the good factories will step away and the lower quality, more desperate factories will step forward. I’m sure you want the best quality product with a top supplier, so don’t show them that you are a cheap buyer.
If you want a cheaper price, they can go as low as you want to go.
But don’t expect a nice and shiny new toy…
I can speak from firsthand experience, in my early days in China I kept pushing down the price of a wine corkscrew, and the factory finally “broke” and agreed to my price. Unfortunately for me, the metal was a cheaper one that would rust quicker and I had many returns on my e-commerce website for the next year or so.
If it’s your first time to buy from China, don’t rush it. And this article isn’t going to make you an expert, sorry to say. Give it at least six months I’d say to do your first order.
Think about it.
* Finding the supplier
* Shipping samples back and forth
* Making a sales contract
* Sending a deposit payment
* Quality inspection
* Shipment to your facility
Just listing these out I’m thinking this is longer than six months!
Always Get a Sample – Production Sample!
This is where people get impatient and rush. They get one sample that is “kind of close” to what they want. They are based in USA and Europe and tired of spending the 80 US dollars for UPS to ship the samples back and forth each time, so the factory convinces them this is a “basic idea and they will change X, Y, and Z” to make it the way you want.
So then get them to make that sample and send it back!
Yes, it is exhausting but if you cut corners at the beginning, it will cause bigger headaches later on.
Do a Test Order
Buy from a couple factories a lower quantity.
The best time to get to know a factory (or anyone in life or in business) is to do a practice run with them. This is when their true colors come out, as often during the sales process all the promises in the world are made, now is the time to see if they can execute.
It’s Sometimes OK to Use a Trading Company
Many people always talk about going “factory direct” and “cutting out the middleman”, and yes, while you may keep more of the money yourself, there are sometimes extra value add services they can do.
Another reason to use a trading company, they have a network of factories, so you can do a lower quantity across multiple product categories, while a factory has higher minimum order requirements and then you’d need to coordinate with all of the factories yourself.
Use Third Party Services
Similar to potentially using trading company, there are a wide range of third party service providers out there. From quality control, CAD design, sourcing, to logistics, the more of these you use yourself the better control of the entire process you will have. Normally the factory will tell you not to worry about these things – as they have their own partners they work with or they don’t do these services at all! But of course if you pick your own third party vendors you can rest assured they will help you more ensure the factory is doing things in your best interest.
I remember when I was first searching for a factory while home in USA. I had no idea where these factories were located and I thought they were all in the same vicinity. Yup, I didn’t comprehend at the time China is a massive place, and various “clusters” of factories form in certain cities – for example Ningbo is where a lot of gifts and home decor is made, Shantou for toys, Shenzhen for electronics. Learn where these clusters are, and then determine if you can source all your various products and components in that area. Why? This will reduce headaches long term when consolidating shipments and doing just in time (JIT) scrambles for unexpected situations.
It’s Better To Lose / Waste Money At The Beginning Than At The End
Many people look at R&D and they think, yes, this is a worthwhile cost to design a new product. But I think they don’t classify things correctly – I put a ton of various costs as R&D – flying to the factory, sample shipments, buying samples from various potential factories. We can’t cut corners on these upfront investments, and we need to look at them like this – investments – not expenses. As like any investment, the value increases over time, and the knowledge, awareness, and correct suppliers you find at the beginning will save you countless hours and dollars in the long term.
Sadly, when we make the right decisions it isn’t as easy to see as when we make the wrong ones. But if you’re not having headaches in the years ahead, count your blessing and thank yourself for making the right investments and decisions at the early stages
Make a Contract in English and Chinese
This one I wish I knew when I first started buying from Chinese factories. And you can’t just find one on a Google search and tweak it, this is something that will be with you for years to come. Find a qualified lawyer, on my podcast we have Mike Bellamy sharing some of his legal contacts there to use. Or go through recommendations in your own network. While if you’re a smaller buyer, a contract may be hard to enforce, at the minimum it sets the rules of engagement from the beginning and reduces miscommunication later.
So I hope today’s rather brief article helped and got your brain flowing here. It’s a daunting task, sourcing from China, but we need to stay motivated and do it step by step. If you’re currently buying from wholesalers in your home country (like I was) take it one product at a time until you’re confident and comfortable to expand.
This was a guest post I wrote originally on JumpStart Magazine.
This article is originally found here: https://www.globalfromasia.com/shanghaiorshenzhen/
So you’re thinking to move to China? Or maybe come to a visit – and 2 cities are sticking out for you – that is Shanghai and Shenzhen.
Which one should you choose?
It’s such a heated debate with expats over beers, I thought today I’d take a crack at writing it up a bit! Let’s just go through each factor and see who is the “winner”! Though the winner will depend on which of these points are more important for you!
Cost of Living
Shenzhen is cheaper than Shanghai. Costs have been skyrocketing across China, with rents doubling or tripling in the years I’ve been here. Yet I think for the same living standard and central location in Shenzhen, you’d pay much more in Shanghai.
Of course this main cost is rent. Let’s just say for a 2 bedroom in Shanghai the cost is about 10,000 CNY and that same place and location in Shenzhen would be 7,000 to 8,000. Of course this is going up and up as the economy gets hotter. Yet as a general rule of thumb from my experience housing is about 30% more in Shanghai.
Borders with China
For those entrepreneurs and other hustlers who come to China on a longer term stay and don’t have the proper work permit / residence visa, I feel your pain! You will need to leave China most likely every 30 days, or if you have a good visa, every 90 days.
This adds up quick in travel costs and travel time.
If you’re based in Shanghai, this will require a flight somewhere. Maybe you can come down to Hong Kong (or some come to Shenzhen for the cheaper flight then take a bus to Hong Kong), while others fly to Korea or Philippines, etc. Its up to you- but you need to take that exit stamp on your passport to not overstay your Chinese visa.
Overstay your China visa? Just a fine per day for each day you’re late, but then the second time it is more serious. Customs may ban you from entering China going forward, which I can say has happened to a few people I know. So don’t risk overstaying your visa, it can cost more than just fines.
So back to the comparison of SZ and SH. Shenzhen has over 7 border entry points to Hong Kong, and going across any of them counts as exiting China for your visa. I won’t get into the political reason of “but isn’t Hong Kong the same as China” argument – it is a different “region” (SAR). So this will count as exiting China.
A ton of expat entrepreneurs I know, myself included for a couple years, got by this way. Just crossing into hong Kong every 30 days. Not a bad thing at all, go shopping, maybe do some banking or other Hong Kong company related business. Maybe a customer too, can stay overnight. You can also file for a new China visa from Hong Kong, and do an express one that you can get back the next day.
Do You Like Snow or Sweating?
Here is a decision you need to make – what weather do you like? There is a ton of hot days in Shenzhen and it never snows, ever. I’m typing this up in December so it is a bit chilly today and I have a sweatshirt on – but you’ll never have snow or ice.
Shanghai doesn’t have a ton of snow, but it will get chilly and there will be snowfall in the wintertime. Not like a risk of an avalanche or blizzard but it will pile up a bit.
Yet here’s a plus for the cold times in Shanghai – apartments have heating systems installed! Shenzhen, none! So you will need a space heater for a couple months in the year here in SZ or extra thick blankets.
Both cities have pretty hot summers, well Shenzhen has EXTREMELY hot summers. And humid, you’ll be sweating and maybe changing your outfit once or twice a day.
So not sure which weather you prefer, some like the different seasons and then others like the warmer climate.
Selling Into China
Shanghai is the place to be if you want to do China market entry. Not exactly sure how that came to be, but it is known as the “cosmopolitan” center of China. Everything comes in there for marketing and design. Its full of creative marketers. They can help you do everything from creating the marketing campaign to customer service to e-commerce building and distribution.
Tons of people ask me if I know people in Shenzhen who can help them sell in China – but most of these full service agencies are up in Shanghai.
Maybe that means there is opportunity for Shenzhen. Shenzhen is more known for hardware and electronics. As well as export e-commerce, which we’ll hit in the next point.
Electronics + Export E-commerce (B2C)
Shenzhen is the king of electronics. Apple via Foxconn has been making iPhones here for years and there has become a complete front to back industry here. From marketplaces to manufacturers to prototyping, Shenzhen has it all. Anything is possible here in Shenzhen for your hardware project.
I meet a lot of Kickstarter campaign entrepreneurs coming here for their manufacturing. They will be coming here often. Some who take it to the next level even open their own office here.
On top of the electronics and hardware, there is the exporting via B2C (business to consumer) e-commerce. Because there is a ton of e-commerce via electronics, the hubs for e-commerce has now spawned into Shenzhen. When people buy iPhone cases and backup batteries, via eBay or wherever, a ton of the time they will ship it direct from Shenzhen. Right out of the electronics market, most likely Hua Qiang Bei.
I have to admit, my Chinese language skills aren’t too great. My excuse maybe is because I’ve been down in Shenzhen. Because this is a melting pot, there are tons of Chinese dialects, especially Cantonese. And a lot of immigrants that don’t know how to speak Mandarin well, or correct. I have had friends from north China come down and say how hard it is for them to communicate. Yes! Even though they speak decent mandarin, the taxi drivers or shop owners don’t hear it well and don’t speak it well.
So if you’re looking to study Chinese, sure you can study down here in Shenzhen. You will most likely enroll at Shenzhen University, but I’d recommend going up north. So Shanghai could be a good place, there are tons of chinese learning centers there.
Another side note, for whatever reason, Chinese in Shenzhen have been shy to try to speak Chinese to me. They immediately think I don’t speak Chinese and speak in English. Or they just don’t even make any attempt at all – without me even opening my mouth. When I am in Shanghai or other north china cities, the “general public” speaks Chinese with me straight away.
I’m thinking because more foreigners speak Chinese there. Maybe here in South China because people do a lot of manufacturing here. Foreigners just come for short trips to visit factories. So over and over again the Chinese public sees the foreigner can’t speak any Chinese. So they become accustomed to just making that assumption.
Pretty frustrating for me who is trying to learn Chinese,so take that into account when deciding which city to live in.
Shanghai is a City Your Friends Back Home Know
Even though Shenzhen is a city with around 17 million people, my friends back home don’t know the city when I tell them. I have to say it’s across the border from Hong Kong. Then they get it.
Shanghai is so famous around the world. And it has that big city image. People know it is a hustle and bustle city with tons of opportunities.
Maybe this is something you could care less about – but Shanghai definitely has more “sexy appeal”. When telling people where you live and work, they seem to show more awe and interest.
Fashion Center is Shanghai
If you’re doing fashion or design, you deal with Shanghai. There are all kinds of events with models and designers on a regular basis there. Not a bad gig right? Shanghai has been building that reputation up for generations. It is well established as a global fashion center.
It is also known as a pretty classy place. Even foreigners there can’t get away with being in tshirt and jeans at bars and clubs. I always notice the difference when traveling. In Shenzhen everyone seems more casual attire and in Shanghai people dress to impress, from morning till night.
Not sure which one is more appealing to you – but image is important in Shanghai when you go to business meetings.
Shanghai Closer to Beijing + Rest of china
Shenzhen is down south. South China is just, how do you say, different from the rest of china. It was Canton, it has Cantonese. There is Hong Kong, and Southeast Asia nearby.
You’re just not in the center of action. Just like an earlier point about selling into China – a lot of that you will do in Shanghai. The distribution is more engrained there.
Plus in Shanghai you can take a fast train up to Beijing no problem, so if you have a meeting there the next day – it’s possible. Whereas in Shenzhen, sure you can get to Hong Kong or Guangzhou quick but it’s more for product based business. The real action for domestic Chinese business is up in Shanghai and Beijing.
My wife moved down to Shenzhen for example, and she still had to always go up to Shanghai and Beijing for business trips. You do things face to face in China, and if you’re selling local -you then need to do a decent amount of travel.
More Expensive, But More Money
While shanghai may be more expensive, you can also earn more money. Salaries are higher, and consulting projects have bigger budgets.
So while the costs are higher, the chances to make more money, local is where it’s at.
Compare that with Shenzhen, and you make most of the money from the export market. So that means a lot of e-commerce, online B2B directories. You won’t get as much sales as an agency or consultant in Shenzhen.
But, Hong Kong is just across the border, and there are a lot of chances to get bigger contracts there.
Less “Guanxi” Requirements in Shenzhen
Was a thing I liked a lot about Shenzhen when I came here. My Chinese friend Huck said it too. He said, there isn’t this “relationship” requirements like in other Chinese cities. It is a melting pot in Shenzhen, and everyone is new – the city is only 30 years old.
So you don’t have these multiple generation family business conglomerates. “Normal class people” need to dig through every time to get some bigger project done. But in Shenzhen, no one knows anyone else. So they have to put down these traditions and get back into finding genuine business relationships based on price and the ability to deliver.
A bit of a stretch here and hard for me to explain, but does that make sense? Sure, it isn’t everywhere in Shanghai or other established cities, but of course there is more “roots” from being there for so long.
Shanghai Nightlife is World Class
Shanghai has the most amazing clubs and bars in the world. It was Lady Gaga who said she loved that city when she visited, and it is a center of party mayhem.
Shenzhen is catching up, with more and more clubs and bars, for the most part in Coco Park area. But Shanghai has them everywhere, every district, you can find amazing clubs and bars.
Not just nightlife, there is more culture too. More history for being around through so many different phases of Chinese history and culture.
Shenzhen being so new doesn’t have this nightlife built up nor the long history and places to visit. They are working hard at it though.
Thoughts? Which City Do you Prefer – Shenzhen or Shanghai?
Have you been to one or the other, or both? What do you think?
I’d love to see your comment below! It can also help give some other readers some perspectives besides mine alone!
Was I too biased on one side or the other? I have no real interest in swaying you on either side, so I didn’t mean to – both have their good and bad, just like anything in life! But if you think I was out of line, please let me know by also commenting below! Cheers!
In a big city like Shenzhen, it is noticeable that many fads come and go rather like in the food, shared bike or even hotel industry. Some trends stay for good, whilst the next best thing is slowly replacing others. One trend, however, that seems to be developing very well in Shenzhen is the fitness trend. With a growing awareness of staying fit and living a healthy lifestyle in such a work driven city like Shenzhen, sometimes the biggest frustration can be the lack of time to really focus on a dedicated daily routine.
For professionals, staying fit is definitely something that’s needed but not always a possibility due to time constraints. Furthermore, if your really trying to exercise and see fast results – it takes even more dedication than usual to get the figure you’re trying to achieve which many don’t have the time to give. This is because normal exercise will typically burn fat that the body can easily access, not necessarily fat that you want to focus on removing. For this reason, many people will diet and/or exercise and find that the weight they are losing is coming off other areas of their body such as their arms but not the areas that count such as their stomach or hips. I know for me personally, this was an issue I had quite a bit when I was trying to lose weight myself. I didn’t have a lot of time to focus on exercise but the time I did put into exercise didn’t seem to do much for the areas I was wanting to target.
Fortunately, a company has arrived in the Shenzhen that’s answering these issues by offering gym equipment that focuses on specific problematic areas while offering a light workout that doesn’t take an exaggerated amount of dedication. This company is HYPOXI and their Spa is located at the Grand Hyatt in Luohu. HYPOXI’s exercise equipment focuses on targeting stubborn fat deposits, reducing cellulite, tightening/toning the skin and improved complexion.
When talking about stubborn fat deposits, fat burns more readily in areas where there is good circulation. This is why many people find it difficult to eliminate cellulite and fat in certain areas. A good test is to touch your skin around the legs, buttocks, hips, and stomach after a 30-minute exercise. The areas that are still hot have good circulation while the cold areas have very bad circulation. The cooler the surface of the skin – the less circulation it has. This is what makes the HYPOXI machines so effective. By using a unique technology known as the “HYPOXI-Method,” they are able to create a fat burning exercise that uses vacuum and compression therapy to maximize fat and cellulite loss in the right areas.
The vacuum therapy used in HYPOXI stimulates targeted areas of the body through a unique combination of alternating pressure therapy and moderate fat burning activity. This saves you a lot of time and energy that would otherwise be spent on non-effective methods to lose fat and firm the skin. For example, one thirty-minute workout using the HYPOXI bike is equal to three workouts on a regular bike and targets the right areas. Because of this, the gyms and spas that supply the HYPOXI-Method offer an effective exercise as opposed to a hard workout and will give you faster results.
At the Grand Hyatt in Luohu, guests have the option to enjoy effective workouts using the HYPOXI-Method. My colleague and I were lucky enough to give this method a try on our last visit and fell in love with using this technology in our workout. The first machine used was the HYPOXI Trainer S120. This machine focuses on the lower body by providing a light workout of biking to help activate blood flow in your lower body area. During this exercise, the lower half of your body is enclosed in a tight vacuum alternating pressure chamber.
This pressurizes the right areas while you are working out and helps to stimulate circulation in the problem areas. I could definitely feel the difference during the workout as my lower body became extremely hot. Also, I noticed the pressure around my stomach and waist would alternate and give those areas quite a workout while I was biking. After a session was over, I noticed the lower part of my body had sweated a lot more than the upper part and could feel like I just did a rigorous workout – even though that was definitely not the case.
Later on, I went to the gym wearing the HYPOXI Vacunaut. This suit targets pressure around the stomach and waist giving the result of a flat stomach without the use of sit-ups. It only takes a simple workout such as walking or jogging and really enhances the experience by providing alternating high and low pressure to the stomach; thus, giving more than just a cardio exercise. Trying this out, I could definitely feel the pressure and knew that it was doing its job well. After only half a session, I was definitely feeling the heat as the pressure suit applied pressure to my waist and stomach area. This made a workout that usually would be simple for me quite difficult and it showed in the amount of sweat that my body was producing while just doing a light jog. If you are looking at losing fat in the stomach or hip region, you definitely need to give this technology a try.
My college Wendy gave the HYPOXI Dermology a try and loved the therapeutic feeling it gave. In order to remain elastic and smooth your skin also needs to be exercised. This technology does just that by using integrated chambers within a pressure suit (HD-Pressure Suit) to apply high and low pressure to the skin around problem areas. There are many bubble-like indentions in this suit that seem to massage you while the low and high pressure circulates. This gently stretches and compresses the skin tissue in a similar way that muscles are trained. Wendy loved the feeling and found it to be very relaxing. It’s comforting to know that you can reduce cellulite and enhance your complexion in just a relaxing twenty-minute session.
Shenzhen is lucky to have an HYPOXI Spa located at the Grand Hyatt Hotel in Luohu. Here an extensively trained HYPOXI coach who all has a wealth of knowledge in fields such as sports training and nutrition will closely supervise you. With HYPOXI, only two to three short sessions per week are more than enough to have fast visible results. Currently, at the Grand Hyatt there is a special opening price with 30% off the regular rate of HYPOXI Spa treatments.
For more information be sure to check out their website at WWW.HYPOXI-CHINA.COM
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I’m getting a lot of heated debates lately about should an entrepreneur choose Belize or Hong Kong for their global business.
Today we’ll break this up a bit and see what is best for your situation. Again, please ask an expert for your specific case and situation.
What’s Your Nationality?
The first is what passport do you hold? It’s easy to incorporate a new company almost anywhere in the world, the challenge always comes up at the bank account opening process.
If you’re a USA passport holder, you can apply for a bank account in America without a problem. So what people are doing is opening offshore companies and then via this offshore company opening a US bank account. Seems pretty wild right? Open a company overseas as an American, and then go back to America to open the bank account.
I’m not a tax specialist, but I have heard that this is a great tax shelter setup. And Belize is the most common company structure to have when applying for a USA bank account.
So the reason this section of the guide is asking you which passport you have, if you open a Belize company as a European, for example, it won’t be that easy for you to get a USA bank via this Belize structure. But if you’re American, I’m told this is pretty straightforward process.
How Can A Belize Company Work For Americans?
You may be wondering, I thought America is cracking down on Americans hiding their money overseas. It is crazy to me to hear this can work, but the answer I have heard is this.
High profile American politicians and rich executives in America have this exact same structure. So they won’t make laws that go against their own corporate structure.
So by having a company setup the same as the “big boys” in USA, man feel safe this can work for the long term. Or at least the longest out of the other options.
Hong Kong Case For Your Business
Hong Kong is great if you don’t want to setup this Belize structure with a USA bank account. Maybe you’re not sure how long that will work for. In Hong Kong you will be 100% operating in Hong Kong with a Hong Kong bank account and all your reporting and operations.
Hong Kong isn’t like these offshore island companies that don’t have established banking in their own jurisdiction. HK is a financial center of Asia and the world and has plenty of banking options.
Yes, I have been talking a lot on the Global From Asia blog about how it is getting harder to open a bank account. That is happening all around the world, and you need to have more reasons and cases for relevancy in that region. More enforcement by governments to make sure banks KYC (know your customer) but also report back to the USA government who has accounts there (FATCA) has caused these headaches for legitimate business owners.
What I’ve noticed is that while a Belize company may work for Americans, the hard part for everyone else is to get a USA bank account. This has then re-directed a lot of Europeans to talk to me about setting up shop in Hong Kong.
So Really – It’s About Where You Want to Bank
When it boils down between Hong Kong or Belize, you need to think about where you want to bank. Belize means you’ll apply to a USA bank, with a Hong Kong company you’ll apply for a Hong Kong bank. I have had other people get a bank in Europe via their Hong Kong company for tax reasons, which is pretty interesting and a future topic for the blog.
At any rate, a company in itself isn’t the critical factor – it’s about the banking.
Americans can get USA banks without a hitch. I am told (disclosure, I do not have this structure) that it is pretty straightforward to get a Belize company setup and a USA bank.
But if you’re not American, then you can open the Belize company but will have issues with a USA bank account. Then you may look at other company structures.
It Seems Risky For Me To Bank in USA to Avoid Taxes?
I’m not a tax guru, I’m a business owner. And yes, I’m American (I should put the scarlet letter on my forehead!). While no one likes taxes, I think it is part of life. The tax avoidance game will probably never stop and next year there will be some new way to get around paying your taxes.
Yet I know this is such a hot topic, and heck, may as well have a couple blogs on the site to see what comments we get.
I think it is kinda crazy, as an American, to open a USA bank account in an offshore company to avoid paying USA taxes. Sure, there are really smart people that say this works – but it seems so counter-intuitive. Maybe really wealthy American people do it, but those people probably have really smart lawyers watching over the laws. As soon as there is a policy update, they’ll immediately react and move to another complex structure.
So to me, you need to do what is right for your business. Not just about avoiding taxes.
Does Hong Kong Help For Your Asia Business?
What I’m more excited about when I write up these blogs is doing business in Asia. A lot of readers are buying from Chinese factories, or have development shops in Vietnam. In these cases, it helps a lot to have a Hong Kong company. Sure, taxes are also lower than other places in the world, but that isn’t my focus to recommend it.
You want to do business in Hong Kong because you can headquarter your global business here. Pay your suppliers in China, your outsourcing team in Philippines and Vietnam. And yes, receive your sales income from clients around the world.
You can also open subsidiary companies in China and even in Western companies to do sales and operate locally there.
So those wondering Belize or Hong Kong, try to step back and think where are you going to be operating your business ?
Think Long Term – Play To Win
Make long term decisions. For your competitive advantage as a business owner. Where will life be the most simple? Where can you go to stay on top of the trends in global business?
I’ve been witnessing Asia grow as a global player for almost a decade now. Do you think that will continue? Will you be raising money from investors? If so, where are those investors located? Where are they comfortable investing?
What Are Your Thoughts? Belize or Hong Kong?
I hope I helped you out. You’ll have a lot of other consultants and business experts talking to you about where is best to set up. Full disclosure, I am a consultant and agency to help you set up shop in Hong Kong, so I have my natural bias. Yet I tried my best to give the pros and cons of both sides.
I’m not sure what the yearly upkeep fees for a Belize company are. But in Hong Kong, we have a guide covering the yearly fees you can check out.
Please, leave me a comment below. Am I missing something? I am completely ignorant! Let’s all share and learn together.
The Greatest Showman
mǎ xì zhī wáng
Thursday, February 01
Movie Info: age 10+
Inspired by the imagination of P.T. Barnum, The Greatest Showman is an original musical that celebrates the birth of show business & tells of a visionary who rose from nothing to create a spectacle that became a worldwide sensation. Continue reading 8 Foreign Movies Open in Shenzhen Theaters in February 2018