Virtual Office in China for your local Sales, Marketing & Order Processing teams
PassageMaker’s Virtual Office is an ideal solution if you have Chinese customers or distributors and you wish to protect your Intellectual Property (IP), receive payment in RMB (local currency) and offer your buyers official receipts (know as “Fapiao” in China).
Why use the Virtual Office rather than setting up your own company in China?
- Shorter ramp up time
- Lower set up costs when PassageMaker’s existing infrastructure and licensing is leveraged
China’s market is full of local buyers who are crying out for premium Western goods, but how do you sell to them?
Problem 1: Mainland China-based buyers prefer to pay in local currency (RMB) as they don’t have easy access to foreign currency. Buyers often require an official receipt inclusive of tax. If the seller does not have a fully-registered, physical office in China, the seller cannot provide formal receipts, pay taxes or accept RMB from sellers.
Problem 2: International firms who instruct their Chinese suppliers to sell to a China-based buyer may face problems with collusion among the Chinese entities and eventually find themselves cut out of the supply chain when the China based supplier and buyer become acquainted.
Setting up your own company is certainly a solution, but not if you want sales now. PassageMaker’s Virtual Office gives you instant infrastructure.