Sunday, April 14, 2019

Investment Guide of Nansha Area,Set Up Business,Company Registration,Corporate Formation in Guangzhou Free-trade Zone



How to get to GDFTZ (Nansha)? 
Within the radius of 100km in Nansha, there are: 
-- Five international and domestic airports: Hong Kong International Airport, Macau International Airport, Guangzhou International Airport, Shenzhen International Airport, Zhuhai Airport. 
-- Four deepwater ports: Hong Kong Victoria Harbour, Zhuhai Gaolan Port, Guangzhou Nansha Port, Shenzhen Yantian Port. 
-- Seventeen expressways: Beijing-Zhuhai Expressway, Nansha port Expressway, and other main national-level expressways converge in Guangzhou. 
-- Two rail transits: Guangzhou-Shenzhen High-speed Rail and Guangzhou metro line no.4. 

Brief introduction of of GDFTZ (Nansha) 
Located in the Pearl River Estuary at the southernmost of Guangzhou and the geographical center of the Great Pearl River Delta (PRD) region, Nansha is the city’s only gateway to the sea, with great strategic significance for the international trade. Nansha is also an important stop along the ancient Maritime Silk Road—a bridge connecting the western and oriental civilizations.
As a bridgehead for Guangzhou’s southward urbanization expansion, Nansha was selected to set up an independent district in 2005, ushering in a new chapter for Nansha’s economic, social and political development at a much accelerated speed. As a city with long-established trading history, Guangzhou was thus upgraded from a riverside city to a coastal city.
In September 2012, the State Council approved the Development Plan for Guangzhou Nansha New Zone, thus making the development of Nansha as part of the national development strategies. After Shanghai Pudong New Zone, Tianjin Binhai New Zone, Nansha New Zone became the third state-level new zone to accelerate the regional economic development.
In December 2014, as part of the key measures to promote the new round of reforms and opening up to the outside world, the State Council decided to set up three new pilot free trade zones in Guangdong, Tianjin and Fujian respectively, and Nansha New Zone was selected as an integral part of the China (Guangdong) Pilot Free Trade Zone. Nansha was therefore allowed to introduce favorable policies and real incentives as a state-level new zone and a pilot free trade zone, which was an unprecedented opportunity for Nansha to accelerate its development. 

Geographical advantage of GDFTZ (Nansha) 
Located in the southernmost of Guangzhou and the geographical center of the Great Pearl River Delta region, Nansha is 38 sea miles away from Hong Kong and 41 sea miles from Macao. 11 major cities in the Greater PRD region and 5 international airports are situated within the 100 radius of Nansha. In addition, Guangzhou-Shenzhen-Hong Kong high-speed railway, Beijing-Hong Kong-Macao highway, PRD south ring highway and Foshan-Dongguan highway are running through the entire Nansha. Ferries departing from the Nansha Passenger Port can reach the Hong Kong Central directly. Nansha is indeed the regional transportation hub in the PRD region.
As an important vehicle to promote closer economic cooperation among Guangdong, Hong Kong and Macao, the participation of Silk Road Economic Belt and the 21st Century Maritime Silk Road for provinces and cities in the Pan-PRD region and the development of the 21st Century Maritime Silk Road, Nansha has vast economic hinterland and unlimited development potential. 

Registration for foreign investments 
Negative List Management Mode:Negative list is a mode in which any sectors not banned on the list are open to investment. The New District adopts "negative list" approach to foreign investment, which is permitted in all sectors unless explicitly prohibited by the inclusion of a given sector on the negative list.
The advantages of adopting negative list administration are as the following: 
Firstly it facilitates the access to international-standard investment regulations. Implementing negative list administration is conducive to a new round of opening up, to the negotiation of investment protection protocol, and to the outbound investment and trans-national operation of domestic enterprises. Secondly, the negative list provides clear-cut and transparent industry access for investment. Thirdly, filing system is introduced to complement the traditional approval system so that a new administrative mode in which domestic and foreign investment enjoy equal opportunities are fostered.
For sectors not included in the negative list, the filing system takes the place of the traditional approval system for foreign investment projects (excluding those domestic investment projects stipulated by the State Council); Moreover, contract filing replaces contract approval for foreign-invested companies.
Foreign investment is allowed to access sectors included in the Special Administrative Regulations for Foreign Investment. However, it is prohibited to invest in industries banned by the state or by international treaties which China signed or participate in, in projects which endanger national and social security, or in business operation which undermines social and public interest.
Since Guangzhou Free-trade Zone ,Nansha New Area was established , Tommy China Business Consulting has been focusing on consulting services for our clients to set up business in Nansha New Area, we offer one stop services for Nansha New Area company formation.
To facilitate people who want to invest and set up business in Guangzhou Free-trade Zone,Nansha New Area, 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 )
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)


Contact Tom Lee for business set up in Guangzhou Free-trade Zone,Nansha New Area now.

1 comment:

  1. Hello, we are interested to establish a Wholly Foreign OwnedEnterprise (WFOE) in Nansha.
    Please send us a presentation about your company. My email is ilumax-china@ilumax.com.co

    ReplyDelete