Nansha district was set up on April 28, 2005, and was duly approved by the State Council as a national new zone and free trade zone in 2012 and 2014.
Located in the southern part of Guangzhou right at the geometric center of the Greater Pearl River Delta Economic Region and situated at the supporting position of the "A" shape formed by Guangzhou, Hong Kong and Macao, Nansha is the hub connecting the city groups on the banks of the Pearl River Estuary.
Aerial view of Nansha district [Photo provided to chinadaily.com.cn]
Nansha district is the principal water thoroughfare of the Pearl River Estuary and the only passage from Guangzhou to the ocean. It has the advantages needed for the building of an international deepwater port and development of port-related industries, and as such is the perfect region for Guangzhou and Guangdong province to adjust and upgrade their industrial structures.
The district has the world's top 12 ports and shipping hubs and top three shipbuilding bases, as well as China's leading automobile and parts manufacturing and export bases and advanced equipment industry clusters. It also has a number of national-level scientific research innovation institutes and incubators such as the Chinese Academy of Sciences and Hong Kong University of Science and Technology (HKUST).
The Nansha deepwater port's cargo routes cover the world's major trade areas, such as Europe, the Americas, South East Asia, the Middle East, and Australia. With the completion of the second and third phases of the Nansha Port project, it has formed a new pattern for modernized international ports coupled with related industrial zones. The Nansha government plans to take advantage of the international port to develop an ancillary industrial zone which will include fundamental industries such as ship building, iron and steel processing, and petrol-chemicals, promoting the concerted development of Guangzhou's traditional industries, the high-tech industries located nearby and service industries.
Nansha New Area is the China (Guangdong) Pilot Free Trade Zone Nansha Area of Guangzhou. It is the country's sixth state-level zone, and boasts excellent geographical advantages and an abundance of natural resources. Its seven functional areas are committed to promoting the economic and technological development of the Nansha district and Guangzhou and to building a world-class integrated service hub based on all-round Guangdong-Hong Kong cooperation via focusing on the development of shipping logistics, international finance, international trade, science and technology innovation, marine economy and high-end manufacturing industries.
Nansha Port [Photo provided to chinadaily.com.cn]
Nansha enjoys unique natural conditions with densely covered water networks and various lakes and ponds which are part of its beautiful natural environment and rich land resources. Most of the land in the north is farms and fields, while in the south the majority of the land has been reclaimed to its original natural ecology.
The properties of the estuary sedimentary plain have created large wetlands in Nansha New Area. Nansha built the first wetland forest park in China which is now called "the kidney of Guangzhou"; it consists of over 3,000 mu (200 hectares) of wetlands and 400 mu of mangrove forest, and is home to more than 20,000 migratory birds in both autumn and winter.
In 2017, the average temperature in Nansha was 23.6 C, 1.0 C higher than the annual average. The annual precipitation was 1611.2 mm, and the number of haze days was 59 days.
By the end of 2017, there were 725,000 permanent residents and 415,400 residents with household registration. In 2017, the district registered a household birth population of 11,809, a birth rate of 15.8 per thousand; the number of deaths reached 2,544, a death rate of 3.4 per thousand; and a natural increase of population reached 9,265, a natural growth rate of 12.4 per thousand.
Seafood Gourmet Street in Shijiuchong, Nansha district [Photo provided to chinadaily.com.cn]
Famous scenic spots in Nansha district include Nansha Puzhou Park, Nansha Tianhou Palace, Suzhou Watery Region Street, the Nansha Golf Course, Sunflower Garden, Sheraton Hotel and other tourism resorts and facilities. Nansha is also a port district with the largest number of cruise lines to Southeast Asia in China. It has become a leisure resort to attract tourists from both home and abroad.
In accordance with its physical layout, Nansha district will be built into a modern industrial base integrating the logistics industry, port-related industries, high-tech industries, and a new modernized ecological urban area with reasonable industrial distribution, strong economic radiation capacity, and complete supporting infrastructure – all set in a beautiful natural environment.
To facilitate people who want to invest and set up business in Guangzhou Nansha, 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:
Contact Tom Lee for business set up in Guangzhou Nansha now.
Great post you have shared, thanks for sharing such informative post. We are providing affordable legal services for business issues and property issues.
ReplyDeleteThanks for sharing the information. You can also read
ReplyDeleteBeacon To Buyers
Best Earbuds
Best Gaming Console
Best Bluetooth speaker