If I set up one new company in Taiwan and the other one in Beijing at the same time, I am not sure whether any risks might happen on the trade between the two companies. There is one issue to aware, which is transferring pricing, a taxation term which I am not familiar with.
Transfer pricing usually occurs among associate enterprises, resulting in decrease of a nation's tax revenue. There are many complex concepts and operations on this issue. Although I thought of this benefit as well, the motive of starting two companies in different places stem from the high criteria of capital amount of a Joint Venture company, the only form that 2 Taiwanese and 1 Chinese can invest in the Mainland China.
Although transfer pricing and Advance Pricing Agreement are not easy subject for me, I found they are quite interesting. If I do not try to start my own company, I would never encounter this issue, and, from my work, I would never learn something new and similar to it.
Related Article:
Tax Co-operation in an International Setting (by Chinese scholar)
Thursday, May 31, 2007
Wednesday, May 30, 2007
Creating a Start-up Is Demanding and Challenging
Creating a start-up is never an easy thing. These days I gleaned related info on the Internet, talked with friends or previous boss about their start-up experiences, and contemplated possible solutions for obstacles. There is always something unexpected happened in the process of register our new company. It is true that if we do not have passion, we would give up the idea of building a company of our own.
On Monday, I visited my previous boss and he gave me many useful advices. Inspired by his words, I begin to consider the possibility of setting up a company in Taiwan. Afterwards, I found some insurmountable impediments to a Joint Venture in Beijing, prompting me to figure out a way to build corporations with limited capital.
There was a time I felt so tired that I was thinking of giving up the start-up plan. However, I realized that to create my own business requires right timing to meet some right partners, business opportunities, and proper locations, factors that one could not always meet anytime in one’s life. I think I have to seize the chance to live up with my dream right now, or I might not get the same chance later even I left China.
China is all the rage just now. Now that I live in China at the moment, I should do something on this piece of land. If I do not give it a try, I would never know whether I could make it or not!
On Monday, I visited my previous boss and he gave me many useful advices. Inspired by his words, I begin to consider the possibility of setting up a company in Taiwan. Afterwards, I found some insurmountable impediments to a Joint Venture in Beijing, prompting me to figure out a way to build corporations with limited capital.
There was a time I felt so tired that I was thinking of giving up the start-up plan. However, I realized that to create my own business requires right timing to meet some right partners, business opportunities, and proper locations, factors that one could not always meet anytime in one’s life. I think I have to seize the chance to live up with my dream right now, or I might not get the same chance later even I left China.
China is all the rage just now. Now that I live in China at the moment, I should do something on this piece of land. If I do not give it a try, I would never know whether I could make it or not!
Sunday, May 27, 2007
My Friend Did His Best to Recruit Me
Colt invited me for dinner yesterday in Guomao. He used to invite me for dinner this Monday but I had to wait for my landlord to pay the rents.
He tried his best to persuade me to join his company, although he was unwilling to give me any shares of his company. He explained that there is no difference between holding some shares of the company and merely sharing profits of business, an idea which he can only talk about theoretically and can not give me pragmatic salary package. His company has set up for more than one year and has not broken even. Therefore, his company can not afford my salary for sure. This is why I proposed him to give me some shares because as a stockholder, I could comfort myself that I am working for my own company although the pay is so low.
The atmosphere of the end of the dinner may be kind of uncomfortable. He kept saying that I do not admit the wrong decisions I made about my previous job selection. Nonetheless, I thought he was the person who was too confident to see his own weakness and to understand that each person has his or her own values. It was not necessarily wrong if I chose a different path from his.
I revealed to him that I might have four options for my current career path. Among these choices, the most possible is to create a start-up with my other friends. I stop convincing me after knowing my thoughts.
This talk makes me feel that there is no possibility for cooperation between his company and my future start-up, a beautiful plan I considered for a long time before today’s meeting.
He tried his best to persuade me to join his company, although he was unwilling to give me any shares of his company. He explained that there is no difference between holding some shares of the company and merely sharing profits of business, an idea which he can only talk about theoretically and can not give me pragmatic salary package. His company has set up for more than one year and has not broken even. Therefore, his company can not afford my salary for sure. This is why I proposed him to give me some shares because as a stockholder, I could comfort myself that I am working for my own company although the pay is so low.
The atmosphere of the end of the dinner may be kind of uncomfortable. He kept saying that I do not admit the wrong decisions I made about my previous job selection. Nonetheless, I thought he was the person who was too confident to see his own weakness and to understand that each person has his or her own values. It was not necessarily wrong if I chose a different path from his.
I revealed to him that I might have four options for my current career path. Among these choices, the most possible is to create a start-up with my other friends. I stop convincing me after knowing my thoughts.
This talk makes me feel that there is no possibility for cooperation between his company and my future start-up, a beautiful plan I considered for a long time before today’s meeting.
Friday, May 25, 2007
NTU(臺大) Students Visiting Qinghua(清華) Students in Beijing
Students form National Taiwan University visited Qinghua University in Beijing
Originally uploaded by taigerwan.
This is a meaningful activity because students in Taiwan seem not to understand China so much as those in China seem to understand Taiwan. It might be caused by the manipulation from the politicians in Taiwan. Whatever one's positions, one should understand as much as possible about the China affairs in order to making a wise decision.
Generally speaking, students from Taiwan were more laid-back and joyful than those from China, who appeared to be serious. There was one thing that amazed viewers – the Chinese students were open-mind to discuss some issues that we thought were taboo here. Perhaps, the young generation of China would really become the hope of this rising empire.
In the occasion, I met some Termite and Syrup, a Taiwanese couple who went to study in American together. Both are brilliant people. I might enter NTU one year earlier than Syrup. It was nice to talk with them.
Tuesday, May 22, 2007
Go to See a Doctor in Beijing Xiehe Hospital (協和醫院)
Yesterday was my first time to see a doctor in Xiehe (協和) Hospital, the most well-known hospital in Beijing. Unusually, I got up before 6 o'clock and then dashed to the bus stop because it is said that registration would be full after 7 o’clock. Fortunately, I succeeded in registration and left the hospital about 9:30.
Although the medical services in Taiwan must be better than those in China, for me who do not have the public health security, the cost to see a doctor in Taiwan becomes very expensive. Registration in China may be only 5RMB, while that in Taiwan may cost 150 NTD.
Except the terrible crowded patients, I had a good impression on Xiehe Hospital. Therefore, I went to apply a card issued by the hospital which can make the registration process become easier after second time.
Although the medical services in Taiwan must be better than those in China, for me who do not have the public health security, the cost to see a doctor in Taiwan becomes very expensive. Registration in China may be only 5RMB, while that in Taiwan may cost 150 NTD.
Except the terrible crowded patients, I had a good impression on Xiehe Hospital. Therefore, I went to apply a card issued by the hospital which can make the registration process become easier after second time.
Sunday, May 20, 2007
A Software Localization Meeting Beijing
Yesterday, I attended a localization meeting in Beijing, which consisted of several speeches given by sponsors and main players in translation or software localization industry. Nonetheless, all the speeches were very crass-some become product sales conference, and some sound like college job fair- except the part about the curricula of School of Software and Microelectronics, Peking University.
The only value for me to attend this meeting is to know a Senior Project Manager from a Taiwan Vendor. I might contact him later when I was free. He said some of clients asked its company to arrange some Taiwanese professionals to work in Beijing. However, this is not a permanent request. I think that is especially suitable for me.
At night, Sheath and I discussed about our business. I was exciting. I am going to give it a try. He treated me dinner in a western restaurant. I do not think the price is cheap, but he said in Guangdong the prices for such a meal are much higher. Well, it seems some local Chinese people are just richer than me!
The only value for me to attend this meeting is to know a Senior Project Manager from a Taiwan Vendor. I might contact him later when I was free. He said some of clients asked its company to arrange some Taiwanese professionals to work in Beijing. However, this is not a permanent request. I think that is especially suitable for me.
At night, Sheath and I discussed about our business. I was exciting. I am going to give it a try. He treated me dinner in a western restaurant. I do not think the price is cheap, but he said in Guangdong the prices for such a meal are much higher. Well, it seems some local Chinese people are just richer than me!
Monday, May 14, 2007
Hop spring in Beijing (九華山莊/小湯山/北京)
Hot spring is always fun. Yesterday, Squash, Oliver, Henry and I went to Jiouhua Shan Zhuang (九華山莊) again, because we enjoyed the time spent there in March with Jupiter and Neptune. However, this time is not as exciting as last time, partly because this is our second time visiting so that no novelty exists any more, and partly because the atmosphere of spending time in hot spring in the afternoon can not compare with that at night, making us feel kind of mysterious and romantic.
The hot spring in Xiaotanshan (小湯山) contain sulfur, and it is beneficial for health, preventing skin diseases occurring. Salt rubbing is the most interesting part for this trip. I had to take off the swimming pant and lie on a bed first. A man put a small amount of water and plenty of salt to my entire body and then began to rub. According to the man, this massage can kill bacteria attaching on human body. Surprisingly, I did not get any strong feelings during the whole treatment. On the contrast, Squash was too sensitive to complete the process. He asked to rub himself, a funny thing to say and to do.
Under the recommendation from Squash, we had a dinner in a Japanese restaurant called "ISSHIN" in Wudaokou (五道口), where is famous for many Korean living in the neighborhood and ,therefore, is called "small Korea in Beijing". Many foreigners ate in ISSHIN. The food was delicate and palatable, and of course expensive.
The hot spring in Xiaotanshan (小湯山) contain sulfur, and it is beneficial for health, preventing skin diseases occurring. Salt rubbing is the most interesting part for this trip. I had to take off the swimming pant and lie on a bed first. A man put a small amount of water and plenty of salt to my entire body and then began to rub. According to the man, this massage can kill bacteria attaching on human body. Surprisingly, I did not get any strong feelings during the whole treatment. On the contrast, Squash was too sensitive to complete the process. He asked to rub himself, a funny thing to say and to do.
Under the recommendation from Squash, we had a dinner in a Japanese restaurant called "ISSHIN" in Wudaokou (五道口), where is famous for many Korean living in the neighborhood and ,therefore, is called "small Korea in Beijing". Many foreigners ate in ISSHIN. The food was delicate and palatable, and of course expensive.
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