Shanghai Retail Opportunities

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natalieprincess

Newbie

Joined: Mar 15, 2004
Posts: 1

Status: Offline

Posted: Mar 15, 2004 - 05:39 PM
Post subject: Shanghai Retail Opportunities

Hi to one and all,

I would like to find out if anyone has any experience in setting shop in Shanghai, 100% foreign owned.

What are the estimated set up costs? requirements, tax etc?

Any information would be gladly appreciated.

-natalie

shanghaimatt

Seeker

Joined: Mar 06, 2004
Posts: 54
Location: Shanghai
Status: Offline

Posted: Mar 23, 2004 - 03:23 PM

I'm working doing that now. Do you really want to know? It ain't pretty! It ain't cheap! It can be done, but it is an adventure. Best to have many Chinese friends in high places, the higher the better. We had to have over 20 documents to get past the local tax office and business registration, and without some pull from important Chinese people, we would still be floundering. I've been in country 1 month now, and we are just starting to move (grind?) ahead.
I'm not trying to discourage you, just be prepared!