Friday, February 25, 2022

Quanzhou fuels marine economy

 The Quanzhou Development and Reform Commission has laid out several major projects for 2020, focusing on major marine industries such as marine biomedicine, marine engineering equipment, modern fisheries and marine tourism.

Based on existing marine economic industrial parks in the city, the projects are expected to bring the local marine economy to a new level. 

Quanzhou has a sea area of 11,360 square kilometers, a 541-km-long coastline, 14 large and small harbors and 207 islands. Most of the harbors are deep-water harbors which provide 123 deep-water berths of more than 10,000 tons. 

It also boasts large fishery resources. The area of marine fishing grounds is more than 5,000 sq km, 118 sq km of which can be exploited. There are more than 500 main kinds of aquatic organisms, nearly 100 varieties of commercial fish, and more than 200 kinds of shellfish and algae.

According to the Quanzhou Development and Reform Commission, 28 projects launched in 2020  were recognized as key projects under construction in Fujian Province, with a total investment of 68.292 billion yuan ($999.22 million). 

These projects cover fields such as emerging marine industries, water product deep processing and cold chain logistics, marine tourism, shipping logistics and marine ecology. 

They have attracted annual investment of 15.64 billion yuan, accounting for 112.5 percent of the annual investment plan. 

According to local officials, the commission has received provincial-level funding of 15.17 million yuan for marine biopharmaceutical projects. 

Marine productive projects and comprehensive marine utilization projects in Quanzhou will receive subsidies of 20 million yuan from the municipal marine economic development fund.

8465553694837258029.jpg The coastal city of Quanzhou has a unique advantage in developing its marine economy. [Photo/people.com.cn]


Quanzhou supports development of cross-border e-commerce

 East China's Fujian province recently issued the implementation plan for the China (Quanzhou) Cross-Border E-commerce Pilot Zone, including the zone's overall requirements, main construction tasks, and specific measures.

According to the plan, Quanzhou will accelerate the formation through three years of planning and construction of a "closed-loop" cross-border e-commerce ecosystem for industrial chains in sectors including manufacturing, trading, collection, payment, logistics, settlement, and foreign exchange.

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Cross-border e-commerce companies in Quanzhou practice for the upcoming online China Import and Export Fair. [Photo/qzwb.com]

It will build three or four demonstration-driven functional parks, and strive to reach a total of 45 billion yuan ($6.29 billion) in cross-border e-commerce imports and exports by 2022.

In order to promote the transformation and upgrading of foreign trade, the city will build a national cross-border e-commerce supply base, support enterprises to build overseas warehouses, and encourage the development of professional supporting services related to the cross-border e-commerce industry, such as livestreaming activities, omnimedia, blockchain, and intelligent platforms.

It will also optimize cross-border e-commerce supervision through methods such as facilitating customs clearance, implementing tax support policies, and supporting innovation in business regulations.

In addition, the city will also establish a multi-level cross-border e-commerce information cooperation mechanism and sharing platform, and a financial service system to provide supporting financial services for cross-border e-commerce enterprises, including financing, insurance, payment, local currency settlements, and foreign exchange settlements and sales.

Meanwhile, Quanzhou comprehensive bonded cross-border e-commerce functional zone will be built to develop cross-border e-commerce online shopping bonded imports and bonded export businesses.

 

Intelligent upgrading boosts Quanzhou's manufacturing industry

 Benefiting from the developed foundation of its real economy, Quanzhou, a city in East China's Fujian province, has further focused on intelligent manufacturing to promote project construction, to enhance the digital transformation and upgrading of its manufacturing industry, and to achieve high-quality development.

On the basis of promoting numerical control (NC) and automation demonstration products and demonstration production lines, the city has innovated its system integration capabilities, forming a complete set of digital workshops and intelligent factory solutions.

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Equipment status and production orders can be seen through the terminal display at a warp knitting workshop of SinceTech Group in Quanzhou. [Photo/qzwb.com]

"Since this year, the COVID-19 epidemic has broken the normal industrial operation model to a certain extent, but it has made enterprises deeply aware of the need for the upgrading of the manufacturing industry," said a staff member at Quanzhou municipal bureau of industry and information technology.

Through intelligent transformation and strengthening the application of NC technology, traditional industrial enterprises can reduce labor by at least 30 percent and shorten the product development cycle by more than 40 percent.

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An automatic guided vehicle robot transports products to the production line. [Photo/qzwb.com]

Enterprises can also effectively shorten procurement costs by accelerating the layout of intelligent manufacturing networks and deploying logistics and transportation resources.

According to related statistics, there are currently more than 2,300 industrial enterprises above a designated size - those with an annual sales revenue surpassing 20 million yuan ($2.8 million) - in Quanzhou which are participating in the "NC New Generation" intelligent transformation and upgrading program, accounting for nearly half of the city's total.

 

Quanzhou Port sees increasing foreign trade cargo throughput

 The throughput of foreign trade cargo at Quanzhou Port in Fujian province's Quanzhou city saw a year-on-year increase of 6.36 percent, totaling 1.92 million metric tons in the first half of the year, according to Fujian Quanzhou Port Development Center.

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Container trucks load and unload goods at Quanzhou Port. [Photo/qzwb.com]

During the COVID-19 epidemic, Fujian Quanzhou Port Development Center organized special surveys to coordinate enterprises resuming work and production and solve problems encountered by exporters.

The port has ensured the smooth flow of the industrial supply chain through numerous measures, including reduced logistics costs and the increased frequency of channel cruises.

Also, enterprises in the port area have taken steps to control costs and improve their operational capabilities, while striving to improve the quality and efficiency of port logistics services.

Quanzhou Port will continue to track the flow of cargo sources, continuously improve the route layout and promote the further development of its facilities. Additionally, the export hub will maintain its epidemic prevention and control measures while work resumption continues.


Quanzhou Work Visa Application Service

 


Work visa is required for individuals who found appropriate employment here in Quanzhou. Work visa is also called “Z Visa” and “Residence Permit”. Processing you paperwork is a complicated and tedious process when it comes to processing your work visa and we understand that. Our experts are here to assist you with your needs and also walk you through the process.

Our services for work visa services in Quanzhou. Application for your work and residence permit. Extending your current work visa and residence permit. Amendment of your work visa and residence permit with a new employer. Applying for 2 years working and residence permit Visa services for Taiwan and Hong Kong citizens Cancellation or Modification of your work related permits in Quanzhou.Please be aware that our company provides service only in Quanzhou.Employment License and Permits Employment license and permits are required for you to have an appropriate track record with government agencies. Each time your find an employment here you are required to process your licenses accordingly. For further information, please contact us accordingly and let us assist you to process your paperwork.

 




Essential Information
From 1st July 2015
*If you are holding L, F, or X visa and would like to apply for working permit and residence permit, you dont need to leave the country anymore.
*If you have applied working visa continuously for two years in Shanghai and do not have any criminal records, we can also assist you to apply for 5-years residence permit here in Quanzhou. Please be aware that this service is not 100% guaranteed and really depends on the final decision by government.Please be aware that if you find another job when holding your 5-year residence permit, you will need to hand in your current 5-years residence permit. We can assist you to re-apply a new working permit and new residence permit through your new company. If failed to do so, it will be considered as criminal records and will cost a huge penalty.

Application conditions for work visa:
1.If foreigners work in Shanghai, Alien Employment License, Work Permit, Health Certificate, avaible passport is essential.
2.Be in health, and be emplyed a certain enterprise.
3.Necessary professional skills related to the job, suitable education background, and at least 2 years work experience.
4.No criminal record.
5.Age Scope: Male:18 to 60. Female: 18-55.

Related documents for Alien Employment License Application
Application letter for Foreign Employee( explain the hire reason, occupation and duration, with the company official chapter on it. If hired by the branch company, parent company chapter is also needed.)
2.Bussiness License(copy), approval certificate,(copy);
3.Organization Code Certificate (copy);
4.Resume (including final degree and complete work experience, printed in Chinese, with the employer stamp on it);
5.Related qualifications for the occupation.( the relevant technical skills certificate or the qualification proof related to the current job issued by the previous company);
6.Copy of passport;
7.Copy of Labor Contract;
8.8 pieces of recent identification photo.

 

Contact Us For Your Quanzhou Work Visa Application Service

Quanzhou Company Registration, Set Up Business In Quanzhou

 

Quanzhou is the famous hometown of overseas Chinese, but also the ancient "Silk Road on the Sea" starting point. Taiwan and Taiwan, the Taiwanese approved by the State Council in an open economic zone triangular an important component of the reform is the integrated support of the pilot cities, since reform and opening up, Quanzhou proceeding from reality and strive to make good use of the national and provincial conferred the special policies and flexible measures, a market-regulated, mainly export-oriented economy, the development of a variety of economic sectors, comprehensive economic strength has markedly increased. Quanzhou have formed a textile and apparel footwear industry, building materials industry, technical products industry, the food and drink industry, machinery manufacturing, and other five major traditional advantage industries, and the oil and chemical industries are working to cultivate, the electronic information industry, tourism, and other three leading industries. Now, with China's accession to the WTO, more and more foreign companies come to invest in Quanzhou, in order to make more efficient entrepreneurs to understand how the registration of foreign-funded companies, Denite for streamlining the following:

 

Company Name of Quanzhou Company
The name of Quanzhou Company should be in the form of Administrative division (Quanzhou) + Trade Name + Sector Expression +Limited. Each enterprise shall use only one name and not be the same with or similar to the registered name in the same industry. If the word “China” is within the company name, it is required to be pre-approved by AIC at national level in Beijing.
 

Business Scope
Business scope is one of the most important issues in FIE registration application, divided into the licensed business item and the general business item. Licensed business item means a pre-approval is needed before business license application. Quanzhou Foreign Invested Enterprise can only conduct business within its approved business scope, which ultimately appears on the business license. There is some connection between business scope and register capital. Generally speaking, larger register capital, more business items can be approved.


Shareholder, Director and Manager, Legal Representative, Supervisor
1. Shareholder must be Chinese natural person or legal entity.
2. Director and Manager can be the same person, acted by shareholder, non-shareholder.
3. Legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business, acted by director, manager, shareholder or non-shareholder.
4. Supervisor shall not serve concurrently as legal representative and senior management, acted by shareholder, non-shareholder. Supervisor’s duty is that check the company’s financial condition; supervise executives’ behavior of performing his duties, propose suggestions on dismissing any director or senior manager whose behavior is contrary to laws and regulations.


Documents Required
Company Name of Quanzhou Company;
Determine shareholder, business scope;
Determine register capital, shares allocation proportion;
Office address in China, 2x original leasing contracts, 2x copies of house property certificate;
with company stamp or signature of lesser and 2x landlord identification documents;
ID Copy of Shareholder, Director, Legal Representative, Supervisor.

 

Working Time Needed
(1) Manufacturing enterprise: 20-40 working days (the time of approval papers application from the fire & environmental protection bureaus is not included);
(2) Trading& Service enterprise: 10-15working days.
Quanzhou Company Registration Service
Quanzhou Company Business License;
Having a corporate seal engraved by the public security authorities;
Seal Carving Registration card;
Organization Code Certificate;
Digital Certificate of Organization Code Certificate;
National Tax and Local Tax Certificates;
Assist bank opening, but not including the bank charges;
Three stamps (company stamp, financial stamp and personal stamp of legal representative).


General Tax Information
All enterprises are required to report to the Tax Administration Department monthly, quarterly and annually. TCBC provides accounting services for our clients; you are welcome to contact us for more information.


Annual Audit Report
Any limited companies in China should summit annual audit report to the relevant authorities. Any company will be subject be to a fine if the Annual Audit Report is not submitted in a timely manner.
 

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.

Thursday, February 24, 2022

Quanzhou — A Coastal City with Outstanding Economic

 

From ancient times to the 21st century, Quanzhou has always been a leading port for commerce and trade, performing well both economically and industrially. Amid the ongoing COVID-19 pandemic, it was still able to register a GDP of over RMB1,000bn in 2020, reinforcing its status as a premier city not just in Fujian Province, but in all of Mainland China
Located on the southeast coast of Mainland China, Quanzhou is one of three core cities in Fujian Province. The city occupies a land area of 11,000 square kilometres and a sea area of equal size with a coastline of 541 kilometres. It is home to a permanent population of 8.74 million residents and is also the ancestral home of more than 9.5 million overseas Chinese.

Quanzhou is among the first batch of cities announced by the State Council as a “famous historic and cultural city” and one of the major places of origin of Minnan (southern Fujian) culture. It is the world’s first “multicultural showcase” and “East Asian Cultural Capital” and is regarded as a “museum of world religions”. The city was the starting point of the ancient Maritime Silk Road and its port was the largest in the East during the Song and Yuan dynasties. It is a strategic and pivotal city of the Belt and Road Initiative, a pilot zone of the 21st-century Maritime Silk Road and the seat of the Secretariat of the Business Council of the United Nations Maritime–Continental Silk Road Cities Alliance.

A national economic powerhouse
In 2020, Quanzhou became yet another Mainland Chinese city with a GDP exceeding RMB1,000bn — it registered a GDP of RMB1,015.9bn and a GDP per capita of RMB110,000. The city’s economic aggregate has ranked first in Fujian Province for 22 consecutive years, while its other economic indicators such as GDP, industrial output value, total retail sales of consumer goods and volume of express delivery have leapt into the top 20 among all Mainland Chinese cities.

Quanzhou has three core industrial sectors: traditional industry, new and hi-tech industry and heavy and chemical industry. It has established nine industrial clusters each with a production value of RMB100bn, namely textiles and garments, footwear, petrochemicals, machinery and equipment, building materials and home furnishings, artefacts and decorations, paper and printing, electronic information and food and beverages. While textiles and garments from Quanzhou account for 10 per cent of Mainland China’s output, sports shoes made in the city comprise 40 per cent of the country’s production and 20 per cent of the world’s. Moreover, 65 per cent of the Mainland China’s stone materials come from Quanzhou, as do 40 per cent of the world’s.

As the “national capital of brands”, Quanzhou owns 159 famous national trademarks. There are 109 listed companies in the city, placing it at the forefront of the nation’s prefecture-level cities. Quanzhou is an export-oriented city, establishing trade relations with over 200 countries and regions around the world. Despite the adverse impact brought by the COVID-19 pandemic, Quanzhou’s total import and export value reached RMB197.08bn in 2020. Its export value even recorded a 3.4-per-cent growth to reach RMB150.36bn.
A pioneer in reform and opening-up
Quanzhou is one of 18 regions in the country leading the way with the reform-and-opening-up policy. Since the implementation of the policy, Quanzhou has been known throughout the country for its “Quanzhou Model” and “Jinjiang Experience” (Jinjiang being a county-level city of Quanzhou). It has earned many accolades, including the “national pilot zone for comprehensive reform in financial services”, “pilot city for comprehensive reform in the private sector”, “national demonstration zone in innovation”, “national innovative city”, “national demonstration city in e-commerce”, “pilot city for national-level market procurement trade” and “national comprehensive pilot zone for cross-border e-commerce”.

A place for investment
Quanzhou is one of 40 cities in Mainland China with an excellent physical investment environment. It has been honoured as a “national model city in environmental protection”, “national garden city”, “national eco-friendly city”, “national civilised city”, “national hygienic city” and the “best city for expatriates”.

Well-developed land, sea and air transportation
Quanzhou has a 360-kilometre high-speed railway network, with routes directly reaching cities such as Beijing, Shanghai, Shenzhen and Hong Kong. There are 19 expressways passing through the territory, representing a density that is on par with other developed countries. Jinjiang International Airport is a national first-class airport with routes to 76 domestic and international destinations. In 2019, the airport received more than 8.4 million passengers, over one million of which were international travellers. At Quanzhou Port, there are 25 deep-water berths, each with a capacity of more than 10,000 tonnes. In 2019, the port had a cargo throughput of 100 million tonnes and handled 2.5 million standard containers.

Suitable for living
Urban construction in and around Quanzhou is progressing full speed ahead, with an urbanisation rate already reaching 68.5 per cent. Green coverage of the downtown area is 43.2 per cent, resulting in an excellent air quality rate of 97.3 per cent. The 13 prefecture-level-and-above potable water sources have maintained a 100-per-cent quality rate.

Comprehensive coverage of information network
Quanzhou is entirely covered by a fibre optic broadband network, and its core urban and rural areas are covered by a 4G network. The city has already initiated the planning and base station construction for a 5G network. It is among the first batch of cities in Mainland China to have implemented commercial operation of 5G and built 10,000 base stations, making it part of the first batch of “Dual Gigabit Cities” in the country.


Enhanced business environment
Quanzhou is the first in Fujian Province to waive company incorporation fees and the first pilot city in the province to implement a system reform of business affairs. It has taken the lead in launching “multi-certificate integration”, collective registration, simplified enterprise deregistration and service by appointment. The city has also set up a new “one-stop” administrative service centre and implemented a new “one number, one window, one network” service model. Quanzhou was praised by the State Council for its effort in streamlining the regulation of administrative approval procedures and industrial and commercial registration.

Attracting and keeping talents
The city has implemented a talent recruitment programme. Currently, it has 67 academic workstations, 98 specialist workstations and 25 post-doctoral workstations, as well as introduced 59 state-of-the-art scientific research institutions. More than 100 experts from the national talent recruitment programme, nearly 700 experts from the provincial talent recruitment programme and about 16,000 municipal high-level talents are now based in Quanzhou. The city’s talent development index has ranked first among all the districts and cities in Fujian Province for three consecutive years.

Burgeoning academic and industrial platforms
Quanzhou is moving forward with the construction of the National Independent Innovation Demonstration Zone and the establishment of the “Quanzhou Chip Valley”. It has introduced and set up a number of high-end platforms with strong capabilities in technological innovation, including the Institute of Equipment Manufacturing from the Chinese Academy of Sciences, the Industrial Research Institute from Harbin Industrial University, the Maritime Silk Road Time Center from the Chinese Academy of Sciences and the Nanyang Research Institute.

Overview Of Quanzhou

 

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Quanzhou in Fujian province boasts abundant cultural and natural resources. [Photo provided to enquanzhou.com]

Quanzhou, located in the southeast of Fujian province, is one of the three major central cities of Fujian. The city is south of Fuzhou, the provincial capital, north of Xiamen, east of Zhangzhou, Longyan and Sanming, and with Taiwan to the east. It has jurisdiction over four districts (Licheng, Fengze, Luojiang and Quangang), three county-level cities (Jinjiang, Shishi and Nan'an), and five counties (Huian, Anxi, Yongchun, Dehua and Jinmen [to be unified]). It is also home to Quanzhou Economic and Technological Development Zone and Quanzhou Taiwan Investment Zone.

The city covers 11,015 square kilometers (including Jinmen) and by the end of 2018 had a permanent population of 8.7 million (excluding Jinmen). According to the sixth national census in 2010, there are 53 ethnic minorities in the city, with the largest being the Hui, Tujia, Miao and She. Quanzhou dialect is based on Minnan (southern Fujian) dialect and the common language is mandarin.

Topography

Quanzhou stands in front of mountains and faces the sea. Hills, valleys and basins are scattered throughout the city. Its terrain is high in the northwest and low in the southeast. There are more than 667,000 hectares of mountainous land in Quanzhou, taking up 80 percent of its land.

Coasts and ports

Quanzhou has sea area of 11,360 sq km, a 541-km-long coastline, 14 large and small harbors and 207 islands. Most of the harbors are deep water harbors which provide 123 deep water berths of more than 10,000 tons. Xiaocuo and Douwei ports on the south shore of Meizhou Bay are rare natural harbors in China and even the world. The area of marine fishing grounds is more than 5,000 sq km, 118 sq km of which can be exploited. There are more than 500 kinds of main aquatic organisms, nearly 100 kinds of main commercial fish, and more than 200 kinds of oysters, mussels, clams, snails, kelp, laver and other shellfish and algae.

Climate

Quanzhou features a subtropical oceanic monsoon climate, with warm and humid weather throughout the year. The annual average temperature is 19.5-22 C. The four seasons in Quanzhou are all like spring, so Quanzhou has been dubbed "Wenling" (warm mountainous area).

Resources

Quanzhou's forest growing stock is about 40.18 million cubic meters. Quanzhou has proven reserves of more than 130 mineral deposits, including eight large ones. The main mineral resources include more than 30 kinds, such as kaolin, granite, diabase, quartz sand, limestone, coal, iron, manganese, geothermal and mineral water.

The city receives abundant rainfall throughout the year. There are 34 streams with a total length of 1,620 km. Quanzhou's surface water totals 8.76 billion cubic meters, available water of 1.46 billion cu m, and hydropower reserves up to 430,000 kilowatts.

Jinjiang River is the largest river in Quanzhou, originating from the southeast foot of Daiyun Mountain, running through Yongchun, Anxi, Nan'an, Licheng and Jinjiang, and finally into Quanzhou Bay. The river system is 404.8 km long, with a drainage area of 5,629 sq km. In addition, Quanzhou has one billion cu m of groundwater resources, and 76 million cu m of available groundwater.

Humanity history

Quanzhou has a long history and its economic development began as early as the Zhou Dynasty (c.11th century-256 BC). In 260, during the Three Kingdoms period (220-280), Dongan county was established in today's Fengzhou town in Nan'an, which marked the start of Quanzhou's prefecture system.

At the end of the Western Jin Dynasty (265-316), due to wars in the central plains area, many people moved into Quanzhou and settled along the river. The river has been called Jinjiang ever since. The people brought advanced production technology and cultural knowledge, which led to rapid development on both sides of the river.

With the development of the economy, the administrative division system in Quanzhou changed several times. In January 1986, Quanzhou prefecture-level city was set up.

Quanzhou is one of the famous historical and cultural cities approved by the State Council, Culture City of East Asia, and the starting point of the ancient Maritime Silk Road. With profound cultural accumulation, Quanzhou is known as the "world museum of religions".

The city has 824 cultural relic protection units at all levels, including 31 at the national level and 87 at the provincial level. Renowned cultural relics include the oldest existing mosque in China, the thousand-year-old Kaiyuan Temple, and the oldest existing cross-sea girder bridge in China, Luoyang Bridge.

The rich cultural landscape, unique folk customs and natural scenery make Quanzhou a national and international tourist resort, attracting more and more tourists from across the world.

Quanzhou was an important port for foreign trade in Chinese history, with an over-1,000-year history of overseas transport. Since the Tang Dynasty (618-907), it has been one of the four major foreign trade ports in southern China. During the Song (960-1279) and Yuan (1271-1368) dynasties, Quanzhou port rose to be the first of the four major ports, known as Zayton Port worldwide, and became the "largest port in the east" comparable to Alexandria in Egypt.

Quanzhou is also a famous hometown of overseas Chinese and the main ancestral home of Taiwan Han compatriots. Quanzhou is the ancestral home of over 7.2 million overseas Chinese living around the world, over 700,000 compatriots in Hong Kong and Macao, and over nine million compatriots of the Han ethnic group in Taiwan. Many of these people invest in plants, schools and public projects in Quanzhou. They have become an important force in the economic and social development of the city, and a link between Quanzhou and the world.

Economic development

Since China's reform and opening-up began in 1978, Quanzhou's economy has achieved leap frog development, becoming one of the fastest growing and most dynamic areas in China, as well as officially one of the 18 typical areas of reform and opening-up in China.

Quanzhou's GDP in 1978 was 779 million yuan ($111 million), 10 billion yuan in 1992, 100 billion yuan in 2002, 500 billion yuan in 2013 and 994.67 billion yuan in 2019. Total revenue in the general public budget increased from 80 million yuan to 83.9 billion yuan. In 1978, the per capita net income of rural residents was only 75 yuan, and in 2019 the disposable income of rural residents was 22,142 yuan. The per capita disposable income of urban residents increased from 324 yuan in 1978 to 49,592 yuan.

Quanzhou is striving to build a characteristic economy, promoting characteristic industries such as resin processing, shoes and garments, building materials, stone carving and oolong tea in China and around the world.

The process of urban and rural integration has been accelerated by professionalization, localization, regionalization and clustering of production, which have led to the construction and prosperity of Quanzhou. The city's urbanization level is 65.7 percent, the bay area is 220 sq km, and central urban green coverage is 43.2 percent, with a complete three-dimensional traffic network and municipal facilities. Quanzhou is among the three central cities in Fujian province.

Besides economic development, Quanzhou pays special attention to its culture and urban construction. The city has won various titles and honors such as International Garden City, National Civilized City, National Sanitary City and National Garden City.

It’s Easier to Apply for Work & Residence Permits in Xiamen Now!

 Xiamen recently launched a one-stop service window for expats, bringing more convenience to them for work and residence permits application. Eligible foreigners in Xiamen can apply for work and residence permits at the same time now! 

It's Easier to Apply for Work & Residence Permits in Xiamen Now!
△ An expat applies for work and residence permits at the one-stop service window in Xiamen Software Park.
According to Xiamen Daily, a one-stop service window for expats to apply for work and residence permits recently started operating at Xiamen Software Park in East China’s Fujian province. 
 
The service window was created by the city’s science and technology bureau, public security bureau and the administration of Xiamen Torch Development Zone for High Technology Industries. It is the first service window of its kind in Fujian to integrate administrative procedures from different departments, as reported. 
 
 
CUT THE RED TAPE
 
Previously, expats and their employers had to apply for the work permit at the sci-tech bureau and then handle the residence permit at the public security bureau after acquiring the work permit, which would take about a week. 
 
It's Easier to Apply for Work & Residence Permits in Xiamen Now!
 
At the one-stop service window, expats can apply for the work and residence permits at the same time. Those who qualify can receive the work permit on the spot, while the residence permit will be mailed in two weekdays
 
 
MORE SERVICES ARE COMING
 
According to Luo Lei, senior official at the city’s sci-tech bureau, more targeted services such as online registration will be introduced in the near future to bring more convenience to expats in Xiamen. 
 

Wednesday, February 23, 2022

Fuzhou Coastal Development Area, Set Up a WFOE in Fuzhou

 Fuzhou is the capital of Fujian province found on the northern part of Min River, the largest in the county. There are more than 7 million residents living in Fuzhou and the province was ranked as the 10th fastest growing metropolitan area in the world in 2015. The business climate is appealing to foreign investors who want to establish their operations in this part of China, as they have complete support in matters of company registration, investment incentives, etc. If you are interested in opening a company in Fuzhou Coastal Development Area, you may get in touch with our team of company formation specialists in China and find out more details in matters of incorporation.

 


Short facts about Fuzhou Coastal Development Area

 
Gulou, Cangshan, Mawei, Changle, Jin’an and Taijiang are 6 important districts in Fuzhou, alongside 6 large counties like Pingtan, Minhou, Luoyuan, Lianjiang, Yongtai and Minqing, plus the satellite city of Fuqing. Here are some facts and figures about the economy and the business direction of Fuzhou Coastal Development Area:
 
  • RMB 785, 680 represent the province’s GDP registered in 2018.
  • 8,7% rate represents the economical growth of the city in the previous year.
  • Fuzhou is an important city seaport which opened the doors for business and trade in 1867.
  • There are more than 200 foreign projects approved on a yearly basis by the authorities in Fuzhou.
 
WFOE in China is the most popular business structure a foreigner can choose, whether in Fuzhou or in any coastal development area. The registration of a wholly foreign owned enterprise in China is not complicated, however, it is best to talk to one of our company incorporation agents in China and ask for immediate support and assistance.
 

How many economic and technological zones are established in Fuzhou?

 
There are six economic and technological development zones in Fuzhou, with the following characteristics:
 
  1. Fuzhou Economic & Technological Development Zone was established in 1985 and it is home to companies activating in the manufacturing sector, trading and distribution, shipping and warehousing, electronics assembly.
  2. Fuzhou Export Processing Zone opened its doors in 2005 and hosts companies with trading and processing activities that enjoy all kinds of tax benefits.
  3. Fuzhou Free Trade Zone encourages activities like trading, distribution, heavy industry, assembly and manufacturing, industrial equipment production.
  4. Fuzhou Hi-Tech Industrial Development Zone is the leading electronics industrial zone with establishments since 1999.
  5. Fuzhou Science and Technology Park hosts industries like biotechnology, electronics, and related sectors.
  6. Fuzhou Taiwan Merchant Investment Area is the commercial district related to the development of Taiwan where the main industries are food processing, IT, textiles, metallurgy.
 
If you are interested in opening a company in the above-mentioned special zones part of the coastal development area in Fuzhou, you are invited to talk to one of our company formation agents in China and solicit information. 
 

How can I set up a WFOE in Fuzhou?

 
Foreign investors who choose Fuzhou Coastal Development Area for company formation can decide on WFOE in China and prepare the Articles of Association, verify and reserve a business name, create a feasibility report, appoint the board of managers, apply for special licenses and permits and register for tax purposes in China. Once your WFOE is registered in Fuzhou (sometimes incorrectly spelled WOFE), the incorporation certificate is issued, and the company is ready for business. Special zones in Fuzhou Coastal Development Area might be subject to different tax policies and incentives, so WFOEs can be established without having to deposit the minimum share capital. In terms of costs of WFOEs in China, one must bear in mind the registration fee of RMB 10,000, the company formation costs, the accounting costs and the minimum share capital if applicable. Some investors from abroad might be interested in ready-made companies which are already registered and kept on a shelf until someone buys them. Also, a virtual office package can be the ideal business start for small and medium-sized entrepreneurs in China instead of a traditional office, considering the minimal costs involved.
 
In any case, if you want to set up a company in Fuzhou Coastal Development Area and wish to start your activities in the special economic zones in China, do not hesitate to contact our team of company formation specialists in China and find out more about the support we can offer.
 

About Fuzhou: Economy, Connectivity and Development Zones

 Fuzhou is the capital city of Fujian province located in the Southeast China, facing Taiwan to the east. Since China's opening up in 1978, Fujian has received significant investment from overseas Fujianese around the world, Taiwanese and foreign companies. Here is an overview of Fuzhou's economy, transportation and development zones.

 
 
Economy 
In 2015, Fuzhou’s GDP reached CNY 5.6 trillion, increasing 9.6 percent from the previous year. Its pillar industries include:
  • Aquaculture
  • Textiles
  • Machinery
  • ICT
  • Construction materials
  • Tourism
 
Transportation 
 
Railways
  • High-speed railways 
  • 5 hours to Shanghai
  • 5 hours to Shenzhen
 
Highways
  • Connecting all cities and counties within the province
  • Connecting the Pearl River Delta and Yangtze River Delta
 
Ports
 
Fuzhou has two deepwater ports and an undeveloped deepwater shoreline, with a gross deadweight tonnage of up to 500,000 tons. 
 
Jiangyin Port in Fuzhou can accommodate ships with a gross deadweight tonnage of up to 250,000 tons, ranking among China’s top ports. The Luoyuan Bay, facing Taiwan across the sea, is home to Mainland China’s largest and closest deepwater port to the Port of Keelung in Taiwan.
 
Fuzhou Port has opened 43 foreign trade ocean-going and near-sea container lines. The city has shipping links to North America, Europe, Middle East, Southeast Asia, Japan, South Korea, Taiwan, Hong Kong, and Macao.
 
Airport
 
The Fuzhou Changle International Airport (长乐国际机场) links to more than 50 destinations and has nearly 160 inbound and outbound flights every day. 
 
Development Zones 
 
Fuzhou has 22 industry parks and development zones. Below is an overview of the major parks. 
 
Fuzhou Software Park
  • Largest in Fujian, an area of 1 million sqm. 
  • 436 enterprises employing 13,000 people 
  • Key fields: computer services, software design, outsourcing services and creative industries
 
Rongqiao Economic and Technological Development Zone
  • Targeted businesses: overseas Chinese businesses 
  • 519 enterprises in the sectors of electronics, auto parts, plastics, food, and building materials
 
Fuzhou Bonded Zone
  • Targeted businesses: trading companies
  • 1.8 square kilometres
  • 4 functional quarters: bonded warehouse, export-oriented processing, international trade and bonded port
  • Preferential tariff policy, tax policy, free trade policy and financial policy
  • Easy access by air, sea and land
  • Licence-free for cargo shipment in and out of this area
 
Fuqing Jiangyin Economic Development Zone
  • Targeted businesses: electrical energy, metallurgy, machinery equipment, manufacturing, modern logistics, chemical new materials
  • Planned area: 158.6 sq.km.
  • 3 in 1: container port, logistics centre and port-surrounding industrial base
  • Preferential land policies
 
To learn more about Fuzhou, view our webinar recording and slides here.
 
Contact
 
If you are interested in learning more about the business environment in Fuzhou, contact the China Council for Promotion of International Trade Fujian (CCPIT Fujian)/EEN Southeast China for more information: http://www.ccpitfujian.org/