As a retailer, brand or trading company, you may have products that you can make or source from China or India
Depending on your business size & volume you have various options to be able to set up your sourcing office or capability in these countries
Hiring full time staff and operating your own office is surely an option but this may add several more responsibilities onto your organization. It may also restrict you in terms of being able to pull in specialist resources for different types of merchandise that you may have to produce or source
Setting up a foreign owned company in China and India is quite simple. You have options that range from a full trading company to a simple representative office that can have staff but not do any business transactions
The general rules for setting up a company in China and India are quite similar
While a 100% foreign owned company in China can participate in active business, the same is not allowed in India (as of October 2018).
Foreign owned companies also have a restriction on the number of foreign staff they can hire
Full time employees in China and India need to be on the payroll of the company and the company has to make statutory contributions towards medical in long term benefits
Once you have established your legal entity in China or India you need to get a workspace. In China, a foreign owned company can sponsor work permits only if a minimum amount of workspace is hired. In India, you may use the address provided by anyone like your company accountant
Hiring of staff can be done using job portals & consultants and by advertising in the local newspapers
Both countries have various statutory filing and taxation requirements and this is best done by a local professional firm
Once your company, office & teams are set up. You can truly operate your very own sourcing office in China and India. Unless you have a very large sourcing requirements or wish to have a long-term presence in China and India, you may consider another option to set up your sourcing office
Consider a services company that can provide you with the team and infrastructure and local contacts and capabilities to conduct your merchandise sourcing and product manufacturing
A services company like Tiger Pug is an ideal partner for your sourcing needs. At Tiger Pug you can set up your dedicated sourcing team. The team will be hired based on your requirements and will be based at the Tiger Pug offices in China and India.
The advantages of having an outsourced team at Tiger Pug are several as below:
To know more about how you can take advantage of having your sourcing operators set up at Tiger Pug China and Tiger Pug India, please write to email@example.com or Wechat tigerpug or WhatsApp +86 18813228742.