Here are seven
national development zones in Chongqing, China.
Rongchang High-tech Industrial Development Zone
Rongchang
High-tech Industrial Development Zone (hereinafter referred to as the High-tech
Zone) consists of five blocks, with a planned area of 17.05 square kilometers.
On February 28, 2018, the State Council decided to promote the Rongchang
High-tech Industrial Development Zone to a national level development zone
enjoying relevant preferential polices. This is the first national high-tech
zone specialized in agriculture and animal husbandry that approved by the State
Council. Also, this zone is focusing on agriculture and animal husbandry to
promote the integration of the first, second and third industries. Taking the
advantages of animal husbandry science and technology, in 2017, the transaction
volume of national-level (Rongchang) pig trading market reached RMB 37 billion,
which accounted for 8% of the national annual pig production.
Yongchuan High-tech Zone
Yongchuan
High-tech Zone is a state-level development zone which located in Da’an
Town, Yongchuan District, with an area of 1.39 square kilometers. On February
28, 2018, the State Council promoted Yongchuan High-tech Zone to a national
level development zone enjoying relevant preferential polices. Yongchuan
High-tech Zone is focusing on developing the industry of intelligent
manufacturing equipment with high-end computerized numerical control (“CNC”)
technology. This zone is becoming one of the most concentrated parks for
high-end CNC machine and robot enterprises in western China.
Chongqing High-tech Industrial Development Zone
(Jiulongpo)
In March 1991,
Chongqing High-tech Industrial Development Zone was approved by the State
Council and established as one of the first five national pilot development
zones for comprehensive reforms. Lying at the heart of Liangjiang Peninsula,
being the core of the developed economic circle of Chongqing, this zone is a
door of Chongqing in Chengdu-Chongqing economic zone as well as an important
base for Chongqing to develop high-tech industries and upgrade traditional
ones. Since the reorganization of the Management Committee of this zone, 12 new
high-tech enterprises have been recognized, and 58 high-tech products have been
successfully reported. It becomes the pilot area for securing intellectual
property rights in Chongqing.
Bishan National High-tech Zone
Bishan High-tech
Industrial Development Zone (former Chongqing Bishan Industrial Zone) is a
provincial-level development zone approved by Chongqing
municipal government in December 2002. It became a high-tech zone in
Chongqing in 2014 with a planned area of 30 square kilometers. Adhering to the
concept of “innovation, leading, integration and development”， this zone promotes the development of
advantageous and special industries, like equipment manufacturing, electronic
information, food and medicine. It was called “National New Industrialization
Demonstration Base”, “China Automobile (Motorcycle) Parts Manufacturing Base”
and “National Low Carbon Industrial Zone (Pilot)” by the Ministry of Industry
and Information Technology.
Chongqing Economic and Technological Development
Zone（Nan’an）
Chongqing
Economic and Technological Development Zone
Chongqing
Economic and Technological Development Zone was established in 1993 with
the approval of the State Council. It is the earliest state-level economic
development zone established in the western region. In 2010, it expanded to the
Chayuan area of Nan’an District with a planned total area of about 60 square
kilometers. This zone is oriented by electronic information, high-end equipment
manufacturing and modern service industries. It is the national high-tech
industrial base, the national high-tech industrialization base of mobile
communication and the national demonstration base of new industrialized
electronic information (Internet of Things) industry.
Wanzhou Economic and Technological Development
Zone
Wanzhou Economic
and Technological Development Zone
Wanzhou Economic
and Technological Development Zone, formerly known as Wanzhou Industrial Zone,
was upgraded to a state-level economic and technological development zone with
the approval of the State Council in June 2010, enjoying the current
preferential polices for state-level economic and technological development
Zone. Serving as the “big engine” of Wanzhou’s economic and social development
and the “big bulldozer” of urban infrastructure, this zone is focusing on the
development of salt gasification industry, new materials and energy, textile
and clothing, machinery and electronics, food and pharmaceuticals and other
five characteristic industries with an area of 50 square kilometers, according to
the spatial layout of “one district, three gardens”.
Changshou Economic and Technological Development
Zone
Changshou
Economic and Technological Development Zone
Chongqing
(Changshou) Chemical Industrial Park is a provincial industrial park approved
by the Chongqing Municipal Government in December 2001. The park is located in
Yanjia Street, Changshou District. The first planned area is 31.3 square
kilometers. It is divided into natural gas chemical zone, petrochemical zone,
fine chemical zone and chemical material zone. The comprehensive chemical park
integrated with the industries of natural gas chemical, petrochemical, biomass
chemical, fine chemical and new materials is an important platform for
Chongqing’s resource processing industry.
Source: Chongqing Association of Enterprises with
Foreign Investment
To facilitate people who want to invest and set up business in seven national development zones 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 )
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)
Contact Tom Lee for company registration in seven national development zones in Chongqing now
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