No one ever said it would be easy in China

TMF Group’s Global Benchmark Complexity Index 2015 has ranked China as the fifth most complex country for multinationals to stay compliant with corporate regulation and legislation, and the second most complex in Asia.  There are several reasons for this, but paramount among them is the complex governmental structure.  Throughout China's many provinces, there are separate regulatory regimes along with a range of dialects.  Further, at time, different governmental agencies appear to have overlapping responsibilities.  For example, China's complex and rapidly-evolving Anti-Monopoly Law is currently enforced by the National Development and Reform Commission (NDRC), the State Administration for Industry and Commerce (SAIC) and the Ministry of Commerce.  Negotiating such agencies takes experience and patience.  

However, as the TMF report points out, China is actively attempting to make the rules for opening and running a business in China easier for foreigners.  The keys to success are having reliable advisors that can provide trusted guidance.  In addition to functional expertise, such advisors must have good relationships with the relevant agencies and parties.  And, of course as always, every foreign company must make sure it is acting as a friend of China.  

Luckily, many such advisors exist.  The hardest task is finding someone you can trust.  If you need help in this regard, feel free to contact me, and I would be happy to facilitate any connections you may need.


See the TMF report at https://www.tmf-group.com/en/media-centre/press-releases/china-complexity-report

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