Brief Introduction To Guangzhou Huanghuagang Science Park, Start Up Business, Company Registration In Guangzhou Huanghuagang Science Park

Huanghuagang Science Park, located in Yuexiu District—the administrative center, business trade center, financial center and cultural center of Guangzhou municipality, has the unique advantage of developing service and trade industry.

Huanghuagang Science Park, one of the five science parks in Guangzhou High-tech Zone, was officially conferred as the national new and high-tech industry development zone (policy zone) by the State Science and Technology Commission in 1991. On top of the Science Park, Huanghuagang Information Park was established in June, 2000 with the approval of Guangzhou Municipal Government.

With an area of about one sq.km., Guangzhou High-tech Zone Huanghuagang Science Park is a national new and high-tech industry development zone approved by the State Science and Technology Commission in 1991. Since its establishment, it has striven to develop the high-tech industry, which concentrates on the development and application of the information technology and forms the advantage of centralization. The high-tech park characterized by the information service industry, medical industry and creative industry has come into being, which makes positive contributions to the development of the high technology industry in Guangzhou.

It has been successively awarded such titles at the national, provincial and municipal level as the "National Animation and On-line Game Industry Development Base", the "China's Service Outsourcing Base City Guangzhou Model Area", the "National Information Service Industry Model Park", the "National Information Service Industry Development Base", the "State Intellectual Property Pilot Park", the "Demonstration Base of the Copyright Industry in Guangdong", and the "Demonstration Base of High Technology Industry in Guangzhou", etc.

To facilitate people who want to invest and set up business in Guangzhou Huanghuagang Science Park, 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 OwnedEnterprise (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 aLiaison Office 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 is taking 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, Guangzhou, Shenzhen, Hangzhou and rest cities of China

Hong Kong Company usually been used as a Special 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 Chinabecomes 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 Guangzhou 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 . Tommy China Business Consulting has direct connections in the local government

Since 2006, TCBC has been focusing on consulting services for our clients to invest in Guangzhou 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 Land acquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Guangzhou China, drafting privacy policies and structuring commercial transactions

TCBC will manage all aspects of incorporation to get you a business license in Guangzhou 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 set up in Guangzhou Huanghuagang Science Park now.