Quanzhou is located on the southeast coast of Fujian province and faces the Taiwan Straits. It was among the first group of famous historical and cultural cities designated by the State Council. Quanzhou was also an important harbor and starting point of the Maritime Silk Road. It is the ancestral home of many overseas Chinese.
Quanzhou covers 11,015 squre meter of land surface and 11,360 square meter of oceanic area. Its resident population reached over 8.65 million in 2017. It has four districts, three county-level cities, five counties - and also includes the Quanzhou Economic & Technological Development Zone.
The city has a subtropical marine monsoon climate, a coastline of 541 kilometers, and 58.7 percent of its area is covered by forest. It boasts rich mineral resources such as iron, manganese, gold, coal and quartz. The port of Quanzhou has facilities in four bays of the Taiwan Strait.
Visitors to the city can still see traditional Chinese temples and opera houses, and there are also 686 historical and cultural sites, including 20 sites under state protection, such as Kaiyuan temple, Anping bridge and Chonggu ancient town.
In 2017, Quanzhou's GDP amounted to 754.8 billion yuan, an uptick of 8.4 percent over the previous year, official statistics show.
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:
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)
Contact Tom Lee for business setup consulting in Quanzhou now.
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