Brief Introduction to Jiangbei District Chongqing China,Company Registration Set Up Business In Chongqing Jiangbei District

Jiangbei district - one of the key districts of Chongqing city - is located near the Yangtze River and Jialing River, and also near other districts such as Banan, Yuzhong and Yubei. Its highest altitude is 679m and the lowest 152m. It covers an area of 220.77 square kilometers and has a population of 561,000.

Jiangbei district is involved in projects of various enterprises, including AOTES, Alibaba and Taiwan Blue Sky, and foreign capital investment reached 1.16 billion dollars in 2013- the highest amount in the nine districts of Chongqing and an increase of 34.3% compared to last year. The total export and import volume of the year reached 2.43 billion dollars, a year on year growth of 61.6%. The total export volume generated 1.64 billion dollars, a year on year growth of 65.0%, and service outsourcing generated 49.78 million dollars, an increase of 580%. Jiangbei district is involved in 1505 projects generating RMB41.56 billion yuan, an increase of 105.2% compared to last year.

In 2011, Jiangbei district enjoyed rapid growth in fixed-asset investment, with total investment in social fixed assets reaching RMB36.87 billion yuan, ranking the third of the nine districts in the city in total investment volume, with a year on year increase of 20%. The investment in construction and reformation reached 11.75 billion yuan, an increase of 18.3% compared to 2010; investment in real estate development reached 25.12 billion yuan, an increase of 20.8%; investment in industry reached 5.29 billion yuan, an increase of 42.2%. Industry investment capital accounted for 14.35% of the whole district investment. Gangcheng industry park and Yufu industry park received investment of RMB1.28 billion yuan and RMB3.64 billion yuan respectively, 93.01% of the district’s total industry investment.

Jiangbei district’s real estate investment capital reached 25.12 billion yuan in 2011, an increase of 20.82% compared to 2010.

To facilitate people who want to invest and set up business In Jiangbei District Chongqing China, 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 Jiangbei District Chongqing now