Brief Introduction To QuanZhou,Set Up Business,Company Registration,Corporate Formation In Quanzhou

Ever-versatile and Dynamic Long one of the world’s most prosperous ports, Quanzhou has built upon its strategic location to transform itself into a vital modern centre of commerce, trade and culture Situated in the southeastern part of the Chinese mainland, Quanzhou is one of the three largest cities in Fujian Province. It neighbours Fuzhou, the province’s capital, to the north and borders the Xiamen Special Economic Region to the south. To the east, it faces Taiwan across the Taiwan Strait. As a prefecture-level city, Quanzhou is one of the three cities designated by the provincial government for expansion and strengthening. The city occupies a land and sea area of 110.16 million hectares and 11,360 square kilometres respectively, and is blessed with a 541-kilometre-long coastline. Under its administration are four zones, three cities, five counties, and the Quanzhou Economic Technology Development Zone and Quanzhou Taiwanese Investment Zone. Urbanisation of the city has reached 64.5 per cent, and it has a total registered permanent population of 8.58 million residents, accounting for 23 per cent of the province’s total population. A flourishing economic hub  Since China’s period of reform and opening up, Quanzhou has maintained one of the nation’s fastest growing economies. It registered a GDP of RMB664.7bn in 2016, contributing about one-fourth of the province’s production, leading Fujian for the 18th consecutive year. The year 2016 also saw the realised added value of industrial output increase 7.4 per cent to RMB348.03bn, contributing 49.6 per cent to the city’s economic growth. Addedvalue for large-scale industrial product amounted to RMB305.26bn, representing growth of 7.7 per cent, while utilised foreign investment grew three per cent to US$1.63bn. The total recorded import and export value for the year was RMB154.1bn, representing 15 per cent of the province’s total trade. Quanzhou incorporates a complete range of industries, with the textile and garments, petrochemical, shoe, machinery, building materials, and food and beverage industries forming industrial clusters each worth more than one hundred billion US dollars. There are 2,308 enterprises (an increase of 141 over the previous year) with production value of over a billion dollars, followed by 189 (28 more than in the previous year) with production value exceeding a hundred-million US dollars.  A special zone for the private sector  Quanzhou has been chosen as one of the 18 regions for reform and opening up, one of the three regions for experimental national-level financial reforms, and a pilot base for consolidated reforms of the state- and privately owned economies. There are a total of 103 enterprises based in the city listed on securities exchanges outside the city, placing Quanzhou first among cities in the province and at the forefront of the nation’s prefecture-level cities.  Capital of brands  Quanzhou has earned many accolades for its brands, including the titles of “National Capital of Brands”, “Top Ten National Brand City” and “Demonstration City for National Trademark Strategy Implementation”. These titles attest to the fact that the city owns the largest number — a total of 154 — of nationally famous trademarks of any prefecture level city. It is also the first demonstration region for “Made in China 2025”.  Culturally rich city  With its rich historical legacy, it is only fitting that Quanzhou was among the first batch of 24 cities to be announced by the State Council as a “Famous Historical and Cultural City” and a “Museum of World Religions”. Quanzhou is also a multicultural demonstration centre set up by UNESCO. Quanzhou also possesses four registered UNESCO “Intangible Cultural Heritage” traditions at the international level and another 31 at the national level. Among them are the earliest Muslim temple in the country and the world’s only relic of Manichaeist Buddha stone cuttings. The city is also home to the oldest Taoist stone sculpture, as well as a temple and pagoda that are over a thousand years old. It is no wonder, then, that Quanzhou was honoured as the first “Cultural Capital of Eastern Asia” in August 2013.  Point of departure for the Maritime Silk Road  Quanzhou has been recognised as one of the origins of international maritime culture, and was undeniably one of the departure ports of the ancient Maritime Silk Road, as recognised by UNESCO in 1991. Marco Polo is said to have named it the greatest port inthe world and a “City of Light”. It is no wonder, then, that Quanzhou is listed as one of the pilot regions of the 21st Century Maritime Silk Road under the nation’s Belt and Road Initiative.  A hometown for overseas Chinese  Quanzhou is also the hometown of many overseas Chinese, with over 7.5 million people tracing their origins to the city living in 129 countries and regions all over the world. In addition to overseas Chinese, Quanzhou is also the primary ancestral homeland of the Han Chinese population of Taiwan, with nearly half of the Han population there, or ninemillion people to be exact, tracing their origins to Quanzhou. Moreover, since the reform and opening up of the country, Quanzhou has received more than 10 billion dollars in donations from compatriots in Hong Kong and Macau, representing 60 per cent of the total donations made to the province.  A lovely place to live  Quanzhou ranks among the top 10 cities in the country in terms of the satisfaction of its citizens. It continues to enjoy numerous honorary titles including “National Civilised City”, “National Sanitary City”, and “National Charming City”, and has won the “China Habitat Award”. The city is also scheduled to hold the 18th Gymnasiade in 2020.  Titles of Quanzhou Cultural Capital of Eastern Asia Renowned Chinese city for overseas Chinese Primary ancestral homeland of the Han Chinese population of Taiwan The departure port of the ancient Maritime Silk Road One of the first to be named as a renowned historical and cultural Chinese city International garden city Top Chinese city for tourism National charming city National captial of brands China Habitat Awards National sanitary city National garden city National model city for environmental protection National model city for cultural development National civilised city One of China’s top 10 harmonious cities One of the cities with greatest investment potential in 2012 Quanzhou Business Formation also can be understood as: Quanzhou company setup, Quanzhou corporate formation, Quanzhou business setup, Quanzhou company registration, Quanzhou business establishment and Quanzhou business registration. To facilitate people who want to invest and set up business in Quanzhou, here is an introduction of Types of business presence in China:  Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company. Wholly Foreign Owned Enterprise (WFOE)is a Limited liability company wholly owned by the foreign investor. WFOE requires no registered capital and it's liability of equity , can generate income, pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise in China which is 100 percent owned by a foreign company or companies can be called as WFOE. Representative Office (RO) is a LiaisonOffice of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China. Joint Venture (JV) is a Limitedliability company formed between Chinese investor and Foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc. Since March 1, 2010: Measures ofEstablishment of Foreign Invested Partnership Enterprises (FIPE) in China istaking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign Invested Partnership Enterprise (FIPE) in Shanghai, Beijing, Shenzhen, Hangzhou and rest cities of China Hong Kong Company usually been used as aSpecial Purpose vehicle (SPV) to invest Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China (Mainland China and Hong Kong, See Wiki 1 country, 2 systems), lots foreign investors, especially investors from Europe and North America still chose to setting up a Hong Kong company as SPV to invest China. After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep. Office setting up in China At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China. Business set-up in China is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls Since 2006, TCBC has been focusing on consulting services for our clients to invest in Quanzhou China. We are specialized in establishment of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization, Assist in obtaining government approvals and certificates for running business,negotiate and draft various legal documents provide legal advice, negotiate government officer for Landacquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Quanzhou China, drafting privacy policies and structuring commercial transactions TCBC will manage all aspects of incorporation to get you a business license in Quanzhou China. We offer a range of company formation services including helping you to set up: -Wholly Foreign Owned Enterprises (WFOE) -Representative Offices -Joint Ventures (Equity/Co-operative) -Foreign Invested Partnership Enterprises (FIPE) -HongKong Holding Company. Contact Tom Lee for business setup consulting in Quanzhou now.