Brief Introduction To Guangzhou Private Science and Technology Park,Establish Business, Register Company In Guangzhou Private Science and Technology Park

Guangzhou Private Science and Technology Park. [Photo/southcn.com]

Guangzhou Private Science and Technology Park was jointly funded and built by the Guangdong Science and Technology Department, Guangzhou Science and Technology Bureau and Guangzhou Baiyun District People's Government in 1995, with approval from the Ministry of Science and Technology.

With an area of 1,223 mu (81.5 hectares), the park is part of the "One Zone, Five Parks” in the Guangzhou High-tech Development Zone. As a national science and technology park, it enjoys national preferential policies provided to high-tech development zones.

The park is situated in the middle of Guangzhou Baiyun district, surrounded by green hills and blue waters. Convenient transportation makes it easily accessible from both central Guangzhou, located 15 kilometers away, and Guangzhou Baiyun Airport, located just six kilometers away.

The park consists of one core region located in Taihe town and covers an area of 7.15 square kilometers. It includes four industrial parks - Shenshan Rail Transit Equipment Industrial Park, Baiyun Industrial Park, Baiyun Electrical Supplies Park and Home Supplies Industrial Park.

A high-tech industry cluster has begun to take shape in the park, which has become Guangzhou's private business demonstration base in the realm of science and technology. There are over 60 hi-tech enterprises in the park. More than 90 percent of the companies in the park are privately-owned and had a combined turnover of 46.6 billion yuan ($7.4 billion) in 2016, up 9.0 percent year on year. The gross output value in the park stood at 42 billion yuan, up 10.2 percent year on year, with 1.2 billion yuan in taxes going toward the local economy.

The core region of Guangzhou Private Science and Technology Park. [Photo/people.com.cn]

To facilitate people who want to invest and set up business in Guangzhou Private Science and Technology 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 Private Science and Technology Park now.

Brief Introduction To Zengcheng Economic and Technology Development Zone In Guangzhou, Set Up Business Register Company In Zengcheng Economic and Technology Development Zone In Guangzhou

As an urban sub-center of Guangzhou, Zengcheng takes pride in its time-honored history of over 1,800 years. Covering an area of 1,616 square kilometers, approximately one fifth of the total area of Guangzhou, Zengcheng is located at a critical juncture along the "golden corridor" of the city cluster of the Pearl River Delta, linking Guangzhou, Dongguan, Shenzhen and Hong Kong. Blessed with a sound eco-system and picturesque landscape, Zengcheng is well-renowned as a production base of litchis, a city of jeans, an advanced manufacturing base and an eco-tourism demonstration zone.

Located in the east of Guangzhou and the south of Zengcheng, Zengcheng Economic and Technology Development Zone is a crucial platform for the development of Zengcheng, serving as a key engine of growth and representing the image of the city. As the newest national development zone of Guangzhou, a national central city, Zengcheng Economic and Technology Development Zone constitutes a key building block for the development of a high-tech industrial belt in the east of Guangzhou. Under the development model of "one zone and multiple parks", Zengcheng Economic and Technology Development Zone is set to become an international and modern industrial new zone and an eco-friendly new city with an environment favorable for business, living and innovation development.

To facilitate people who want to invest and set up business in Zengcheng Economic and Technology Development Zone In Guangzhou, 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 Zengcheng Economic and Technology Development Zone In Guangzhou now.

Brief Introduction To Guangzhou Development District,Incorporate Business,Register Company In Guangzhou Development District

 
Guangdong Development District [Photo/msweekly.com] 

Approved by the State Council in 1984, Guangzhou Economic and Technological Development District (广州开发区) was one of the first national economic development zones in China.

By 2002, together with Guangzhou High-tech Industrial Development Zone, Guangzhou Export Processing Zone and Guangzhou Free Trade Zone, it formed part of the Guangzhou Development District.

Located in the administrative scope of Huangpu district, Guangzhou Development District serves as a driving force for Guangzhou's economic growth and scientific innovation.

The comprehensive strength of Guangzhou Development District has been ranked in the top three of the country over the past 30 years. The district is home to 1,580 enterprises above designated size, 31 listed companies, more than 3,000 scientific companies including 442 national high-tech enterprises and 29 listed on the New Third Board. The district also has built 3.45 million square meters of incubators and accelerators. Over 3,100 foreign-funded companies and 80 international companies have set up research institutions in the district and Global Fortune 500 companies have invested in 120 projects. 

The district was one of the first pilot areas for Sino-European and Sino-Israeli cooperation as well as a hot spot for innovation and entrepreneurship, attracting 32 academicians, 50 experts under the national Thousand Talents Program and 3,000 other innovative talents. It offers strong support to Guangzhou's efforts in building a global innovative resource gathering area and a demonstration area for innovation-driven development.

Guangzhou Development District focuses on economic development including industrial growth, industrial park construction and investment attraction, while Huangpu district government puts social development as a priority, including city construction, social management and public services. The two districts will combine their resources and utilize each other's advantages to seek coordinated development to create a powerful engine for east Guangzhou's economic and social growth.

To facilitate people who want to invest and set up business in Guangzhou Development District, 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 Development District now.

Guangzhou Development District streamlines regulatory processes

A man completes the process of registering his business license at the administrative service center of Guangzhou Development District, Guangdong province. The registration process has been streamlined to no more than 34 days. [Photo provided to China Daily]

Guangzhou Development District in South China's Guangdong province has streamlined its services for the registration and completion of investment projects so that the process now takes no more than 34 days from beginning to end.

A couple of years ago, the administrative approval for new investment projects meant that companies would spend as long as 800 days going through all the procedures from registration to construction, according to a report by Guangzhou Daily.

But in Guangzhou Development District, one of China's earliest State-level economic and high-tech development zones, the government promises that it will take no longer than 34 working days to complete all procedures.

A preview of the streamlined process took place in March 2017, when automotive industry supplier Magna International wanted to set up a joint venture with Guangzhou Automobile Group. They received a single piece of paper from the Guangzhou Development District government on how to go through all the administrative procedures needed.

There was "not much time for us, as the production line was required to finish the relocation and testing and start operation before China's National Day holiday in October, or the supply to the downstream firms would be suspended," said Chen Guocheng, general manager of Cosma, as the joint venture is known.

Surprisingly, it took just one day for the company to fulfill the registration, he recalled, and the whole must-do list was accomplished in 28 days, much fewer than the previous average of 110 days, making it a model example to showcase how efficient government could be.

As a result, construction of the joint venture's production center began on April 26 and came into operation on schedule.

Guangzhou Development District is the first such area in China to make the 34-day completion promise. In fact, according to the government, the process is completed in only 10 and a half working days on average, and 99 percent of the applications are completed in due time.

The streamlined process is part of the district's ambition to make itself "a place closest to success" for corporations and talents.

A government staff member at Guangzhou Development District hands over a business license to an applicant. [Photo provided to China Daily]

Reform zone created

Guangzhou Development District got the nod from the provincial government to become a reform and experimental zone for Guangdong's business environment in June.

The district government issued a guideline in July to improve the local business environment to a world-leading level and launched a series of policies and documents covering 10 sectors, including starting a company, applying for a construction permit, power installation, real estate registration, tax and cross-border trade, to keep the district an ideal destination for global and domestic investors.

It leads the country in issuing expedited lists - which means the applicants can get the results immediately on site - that comprise a total of 223 categories of services, accounting for nearly one sixth of all that are provided by the government. The services include many matters that are closely connected with manufacturing and people's lives, such as household registration management, social insurance and transportation, according to the local government.

For new companies, the district government has launched reforms in the commercial system that roll 44 certificates into just one. As a result, when investors apply to set up a new company, they need to hand in just one application, which could help them get all the certificates needed, including business licenses, banking information and tax information.

The market watchdog of Guangzhou Development District said the new measure could cut application materials by 80 percent and dramatically lower the costs of starting a company.

"We set a goal that any new registration application could be accepted on site and handled at one time," said an official with Guangzhou Development District.

"We aim to create a world-leading business environment that is simplest in procedure, the most time-saving and with the lowest costs," an official from the district's administrative approval department said.

Official figures show that the district has already become more attractive to capital.

Another employee performs civil affairs work at a local service center. [Photo provided to China Daily]

The district government held a launch ceremony for 12 projects with an accumulative investment of more than 7 billion yuan ($1.02 billion) in late August, which together will generate at least 32 billion yuan in industrial output after they come into operation.

Among the projects, Agile Group Holdings, a leading property developer in China, will build an industrial park that is composed of an industrial incubator, biomedical research and development facilities and employee accommodations.

"We started to hold talks with the district government last year and were introduced in through public bidding," said Ruan Jiasheng, vice-president of the real estate investment arm of Agile.

"The business environment is very good. With so many preferential policies, we were comfortable to put the innovation project in the district," Ruan said.

Bluemoon, one of China's leading detergent brands, is also one of the investors.

"Guangzhou Development District is our company's home base. When our production capacity (became) saturated, the local government helped us find a new site for additional manufacturing facilities, which greatly supported our future development," said Luo Wengui, chairman of Bluemoon.

According to official figures, as of the end of August, nearly 17 billion yuan of fixed-asset investment was finished in the first seven months this year, representing an increase of 42.1 percent year-on-year.

Statistics show that there have been 89 foreign investment projects from January to July this year, up 64.8 percent from a year before.

Brief Introduction To Guangzhou Science City,Start Up Business In Guangzhou Science City, Register Company In Guangzhou

In

Guangzhou Science City, developed and built by Guangzhou Development District in 1998, is currently one of the most important high-tech research and development and industrial bases in Guangzhou.

For a higher concentration of electronic information industry, the Science City has planned another area of 8.73sq.km., which will be used to build an electronic information industrial base. The sound industrial environment in Guangzhou constantly attracts the world’s large-scale electronic information enterprises to settle in the Development District----ST STMicroelectronics from France has signed up to establish an integrated circuit research and development center in the Science City; Sony (China) has invested 30 million USD to establish Sony Electronics Huanan Co., Ltd., which engages in design and manufacturing of electronic products; Sanyo Electric intends to invest 20 million USD to build an enterprise specializing in auto electronic products manufacturing in Huangpu District; Nanco Electronics, the first manufacturer of 8-inch integrated circuit chip in China, has invested 586 million USD totally, including 186 million USD for the initial phase.

Six major competitive industries of software design, research & development and creative design, commodity inspection and detection, financial innovation, consulting and management services and modern logistics services have taken shape gradually. There are about 100 software enterprises with the operation revenue of 2700 million yuan RMB, among which 3 enterprises have passed CMM/CMMI certification, and Superdata Software and Bamboo Computer have passed CMMI Level 5 certification. 15 countries (regions) have invested to establish over 50 service outsourcing enterprises, with the aggregate investment of about 200 million USD, 45％ of which is invested in information technology outsourcing (ITO) and 55％ is invested in business process outsourcing (BPO). The annual number of service outsourcing contracts is over 30, with the total revenue of about 200 million USD. Currently, the major service outsourcing enterprises include Microsoft, IBM, Oracle, Intel, Dongya Electronic and Friends Software, etc.

To facilitate people who want to invest and set up business in Guangzhou Science City, 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 consulting in Guangzhou now.

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