There was recently an article on HN (sorry, can't find it ATM) about how to create a startup in China. The typical route is to create a business entity called a WFOE[1], which lets you operate your business in China as a foreigner, and has some tax/legal advantages. The gist I got out of the article and HN comments was that this can actually be very expensive and difficult; the application fee is inconsistent, and especially if you try to base the WFOE in a city like Beijing or Shanghai, in practice the cost can be in excess of $100k USD (of course the alleged nominal cost is lower).
This is from memory, so it might not be entirely accurate, but if you're considering starting a business in China you should definitely do some research into how much it will really cost to create and operate your business. There are some good resources on chinalawblog.com, and of course in the comments of HN articles about the topic.
This is from memory, so it might not be entirely accurate, but if you're considering starting a business in China you should definitely do some research into how much it will really cost to create and operate your business. There are some good resources on chinalawblog.com, and of course in the comments of HN articles about the topic.
[1] http://en.wikipedia.org/wiki/Wholly_Foreign_Owned_Enterprise