Brief Introduction to Liangjiang New Area In Chongqing China,Company Registration Set Up Business In Chongqing Liangjiang New Area

Liangjiang New Area was formally established on June 18, 2010. It was the third national development and opening zone in China - and the first in the inland - approved by the State Council, after Shanghai Pudong New Area and Tianjin Binhai New Area. It is located in the main urban area of Chongqing, near the north of the Yangtze River, and borders Jialing River in the east. Liangjiang New Area includes three administrative districts - Jiangbei district, Beibei district and Yubei district - as well as the northward new district and the free trade port area - and covers an area of 1200 square kilometers, including 550 square kilometers of potential development area, and a permanent population of 2.24 million.

Liangjiang New Area - one of the new focus zones for global industry transmission, a transportation hub of Eurasia international logistics, the area of strategic shift of China's development and the core area of the newly-established market in the inland - received authorization from the State Council concerning five functions: a pilot region of coordination of the urban-rural comprehensive reform; a foundation for important advanced manufacturing industries and modern service industry in the inland; the financial and innovative center upstream of the Yangtze River; an important opening-up area of the inland; and a standard area for scientific development.

According to the development outlines of the 12th Five-Year Plan(2011-15), Liangjiang New Area, along with the Pudong New Area and the Tianjin New Area, is considered to be an important developing and opening-up platform and is required to promote development and opening-up in the Chongqing Liangjiang New Area. Since its establishment, it has aimed to explore new approaches for inland reform and opening-up and achievements have been made - so that Liangjiang New Area has become one of the biggest global manufacturing bases of cars. The rapid development of international trade has enabled it to become one of the world's most important investment destinations.

Liangjiang New Area - the third district in China - enjoys incomparable advantages such as convenient access to public transportation, a good industrial foundation, sophisticated comprehensive functions, huge development potential - as well as low costs and loose policies. Liangjiang New Area promotes its industrial foundation and capacity, and is building four opening-up platforms along with the industrial base - and investment continues to pour in.

Click here for Ten Preferential Policies for Liangjiang New Area

To facilitate people who want to invest and set up business In Liangjiang New Area In Chongqing, 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 Owned Enterprise (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 a Liaison 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 Limited liability 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 of Establishment of Foreign Invested Partnership Enterprises (FIPE) in China istaking 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 China becomes 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 Chongqing 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 Chongqing 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 Chongqing China, drafting privacy policies and structuring commercial transactions

TCBC will manage all aspects of incorporation to get you a business license in Chongqing  China. We offer a range of company formation services including helping you to set up:

-Wholly Foreign Owned Enterprises (WFOE )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for company registration in Chongqing Liangjiang New Area  now