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Tommy China Business Consulting partner with Chine Inspection, which is third party quality control company founded by french,Bruno Gerber.
Chine Inspection is a company that performs quality control in China and Taiwan. It was created in 2008 and its activity is divided into four areas:
Inspections China
Audits China
Laboratory tests China
sourcing Product From China
Our goal is to secure your imports and help you buy with confidence.
Our expertise in quality control is carried out in various fields of activity: electronics, printing, corporate gifts, toys, textile, foundry, etc ... We have a team of 48 inspectors, 42 in China and 6 in Taiwan, they are all certified and have a minimum of 2 years experience in their field. The management of Chine Inspection is carried out by four Westerners.
Our strengths:
A strong and multicultural team made up of people from China and the West.
A medium size structure that allows us to respond with speed and flexibility.
Our knowledge of the Chinese market.
Our commitment:
We are an independent company that follows a certain set of ethics, and we are committed to ensuring that all employees comply with them. Our key commitments are
Our integrity
To refuse any gift or gratuity
To respect the confidentiality of our clients
Compliance with international standards by our employees
We are an innovative leading company based in Hong Kong that performs quality control in China. We have a team mixing Western and Chinese people and we are Implemented in all China. More than 900 importers, brands, e-retailers have taken advantages of our services. We are focusing on technology and we are the first company to offer Real Time Video Inspection through our Online Platform.
Factory Audit
Factory audit checks the production equipment and performances of the companies. This provides an overall picture of the factory with complete information on the management system, the working conditions, the infrastructure and the quality process.
Our auditors use ISO 9000 standards and check the following:
1. Profile of the factory and general information: name of the factory, of the director, contact information;
2. Verification and certification of documents
3. Management, employees, R & D, quality control, purchasing inspection, design inspection, product testing, storage capacity, inspections, test production
4. Inspection of the facilities: offices, machinery, storage rooms, and production lines.
Chine Inspection puts a qualified auditor at your disposal to inspect your products according to recognized international standards (MTL-STD 105). We send you the audit report within 24 hours
Price:269 USD all inclusive per person/day
Social Audit
The social audit is your guarantee that the company is in compliance with social standards.
In accordance with international standards
Our audit report allows you to select your suppliers with a maximum of elements while meeting the SA 8000 standards of social responsibility.
Benefits of a social audit: Work safely and in compliance with labor laws. Avoid a negative publicity campaign denouncing the working conditions of your suppliers.
Chineinspection puts a qualified auditor at your disposal to inspect your products according to recognized international standards (MTL-STD 105). We send you the audit report within 24 hours.
Chine Inspection puts a qualified auditor at your disposal to inspect your products according to recognized international standards (MTL-STD 105). We send you the audit report within 24 hours.
Price: 269 USD all inclusive per person/day
Initial Production Check
Initial production inspection is key before starting production; it ensures that the factory has the capacity to perform your specifications correctly. We verify the techniques, production equipment, raw materials, components and management of your supplier. We make sure that all elements of your order are in line to proceed smoothly.
Benefits of the initial production inspection:
Detecting production problems immediately.
Correcting defects early in the production process to save time.
Chine Inspection puts a qualified inspector at your disposal to inspect your products according to recognized international standards (MTL-STD 105). We send you the inspection report within 24 hours.
Price: 269 USD all inclusive per person/day
During Production Check
Inspection during production checks the processes and production capacity of the manufacturer as well as the product quality. It allows you to modify certain defects and avoid delivery delays. Finished or packaged products are inspected when at least 20% of your production is ready.
Chine Inspection puts a qualified inspector at your disposal to inspect your products according to recognized international standards (MTL-STD 105). We send you the inspection report within 24 hours.
Price: 269 USD all inclusive per person/day
Pre-shipment inspection
Pre-shipment inspection takes place when the status of your order represents 80% to 100% of the production. It takes place at the production site before loading product into containers. In accordance with your specifications, our inspectors conduct an inspection of all the main points of your product: quality, weight, measurements, colors, packaging, and barcode. We check that your production meets your specifications. Benefits of pre-shipment inspection:
Knowing the percentage of products with defects.
Checking to see if you need to make changes to the products.
Paying your supplier when you have the assurance that the products meet your specifications.
Chine Inspection puts a qualified inspector at your disposal to inspect your products according to recognized international standards (MTL-STD 105). We send you the inspection report within 24 hours.
Price: :269 USD all inclusive per person/day
Container Loading Check
Container loading inspection is the final step to ensure that all products being shipped are in compliance and properly packaged. The inspector verifies the quantity, quality and the entire loading process of your products. He inspects the condition of the container, making sure it is clean, well sealed and waterproof.
Benefits of container loading inspection:
Last inspection to verify that the quantities loaded are correct.
Checking the presence of seals on the container.
Chine Inspection puts a qualified inspector at your disposal to inspect your products according to recognized international standards (MTL-STD 105). We send you the inspection report within 24 hours.
Price: 269 USD all inclusive per person/day
Production monitoring
This is permanent monitoring of your production thanks to the presence of an inspector who visits the factory on a daily basis. Every day you will be given an inspection report on precise production progress.
Benefits of production monitoring:
You know the exact status of your production at any time.
The inspector is in daily contact with the factory and in perfect control of your products and supply chain.
The inspector can quickly detect defects and have changes made.
You receive detailed inspection reports every day.
When to undertake production monitoring?
Production monitoring may begin after the initial production inspection. It can be performed throughout the manufacturing process.
Our rate: 269 USD all inclusive per person/day.
Lab testing and Certifications
Your products must comply with international standards and follow the regulations that are in effect. We work with different certified laboratories that conduct chemical, mechanical, metallographic, and corrosion tests, as well as failure analysis and raw material inspection. Our inspectors can collect your samples directly on your production site. The tests: Each country has its own rules and standards. Certain products must follow several guidelines, inscriptions or labeling.
Here are the main ones:
· Inscrition CE
· EMC
· Low power electrical appliances
· REACH
· RoHS
· WEE
· Inscription NF
· UL Certification
· Inscription FFC
· GOST inscription
· Australia-New Zealand C-Tick
· Inscription CC for China (Chinese compulsory Certification)
Price: They depend on the tests, please contact us by email..
REACH-Chemical Compliance
SVHC and restricted substances
REACH is a regulation of the European Parliament on the Registration, Evaluation, Authorization and Restriction of Chemicals. It went into effect on June 1st 2007 and modernized the European Union’s former regulatory framework on chemical products. The objectives of REACH are to ensure a high level of protection of human health and of the environment against the hazards of chemicals, the promotion of alternative testing methods, and the free circulation of substances on the internal market.
Improving competitiveness and innovation are also part of these objectives. REACH aims to remove the most dangerous chemicals and to have manufacturers assess and manage the risks posed by chemicals.
REACH Tests
Chineinspection works with a large network of laboratories to conduct physicochemical, toxicological and eco-toxicological testing, as well as testing for environmental improvement, testing of residues, of testing services and of analysis services. Various tests:
Services testing
Analytical services testing
Identification of the test substance services
Similarity testing
Determination of the physicochemical
NMR Analysis
QSAR and QSPR Services
Design and optimization of toxicological and eco-toxicological tests
SVHC Testing and Screening
Testing Programs
Related Services
Registration Services
Data sharing and compensation services
Classification, labeling and packaging services (CLP)
RoHS Electrical Components Testing
RoHS stands for "Restriction of use of certain hazardous substances in electrical and electronic equipment." The European RoHS Directive (2002/95/EC) aims to restrict the use of six hazardous substances. It applies to all electrical and electronic equipment manufactured and imported in the EU.
Substances concerned
No products containing these substances may be commercialized in the EU:
Hexavalent chromium
Polybrominated biphenyls (PBBs)
Polybrominated diphenyl ethers
The highest concentrations of these substances are 0.1% by weight of homogeneous material, except for cadmium, where the limit is 0.01%.
Equipment concerned
Chine Inspection works with a network of laboratories that perform ROHS tests if you work with any of the product categories specified in the European WEEE directive:
Large household appliance
Small household appliances
IT and telecommunications equipment
Consumer equipment
Electrical and electronic tools
Outils électriques et électroniques
Added in 2010: Equipment dependent on electric currents or electromagnetic fields, and equipment for the production, transfer and measurement of such currents and fields designed for use with a voltage rating not exceeding 1000 volts for alternating current and 1 500 volts DC, except in special cases (large stationary industrial tools or large scale stationary installations).
Toys, leisure and sports equipment
Vending Machines
Equipment located on offshore drilling platforms (see revised directive)
Photovoltaic modules (see revised directive)
Since July 2012, the number of appliances involved has been expanded and eco-design is encouraged, meaning the selective sorting and recycling of certain components rather than their disposal
Lying in the southeastern coast of China and bordering Zhejiang Province, Jiangxi Province and Guangdong Province, Fujian is facing Taiwan across the Straits and one of the closest mainland provinces to South east Asia and Oceania, as well as an important window and base of China for global exchanges. Boasting a long history, Fujian was called the Region of Minyue during the Spring and Autumn Period and the Prefecture of Min-Zhong during Qing Dynasty. In the middle of Tang Dynasty, the post of Fujian Military Commissioner was established, and the province was hereafter called Fujian. The brief name of Fujian, "Min", is derived from Min River, the greatest river within the province. Covering a land area of 121,400 square kilometers and a sea area of 136,000 square kilometers, Fujian governs Fuzhou, Xiamen, Quanzhou, Zhangzhou, Putian, Longyan, Sanming, Nanping and Ningde (nine municipal cities), as well as 85 subordinated counties, cities and districts (including Jinmen County).
Our 48 inspectors can conduct inspections anywhere in China. Our coverage zone is indicated in green on the map; transportation is included in our rates when travel is no more than 1 ½ hours outside major cities in the zone.
Contact Tom Lee for your quality control services in China now
#Tommy China Business Consulting Offer Third Party Quality Control Services In Quanzhou#Xiamen#Fuzhou
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With rapid economic and scientific development shaping the commercial landscape in China, protecting ideas and innovation is the key to safeguarding China’s market competitiveness and an emerging generation of entrepreneurs. Offering strategic commercial solutions and an enviable track record in disputes, we work with you to solve your most significant challenges across patent, trademark, intellectual property (IP) legal and IP litigation
We work with Chinese intellectual property law firm that help clients worldwide protect their Chinese intellectual property rights through patent, trademark, and copyright services, as well as through litigation when necessary. Our experienced attorneys and technical experts can assist you even in the most difficult Chinese intellectual property cases. In fact, those challenging cases are our specialty. We also know that many of our clients may be intimidated by the complexities of Chinese IP law, and that is why we are prepared to not only protect your ideas, but also to help you understand those rules and restrictions.
If you have intellectual property, you need to take the steps now to protect it in China in order to maintain ownership of this valuable asset and to prevent others from misusing your innovation. The best protection is prevention. Through our computerized management, advanced communication, and competitive pricing, our specialized legal team will secure your rights, your financial compensation, and your peace of mind.
We provide legal consultation and services for the prosecution and litigation of patents, copyrights and trademarks, unfair competition and trade secret matters. Our legal associates are specifically qualified to assist clients with business matters concerning the acquisition, protection and exploitation of all forms of intellectual property.
Our IP Legal Services
Trademark
Trademark Legal Service
Trademark application agency
Report on trademark retrieval;
Advice on trademark application by trademark laws and regulations in China;
Application for trade mark.
Other Agency
Trademark inquiry, renewal, transfer, modification, authorization record, opposition, review, etc.
Trademark Infringement Combating
Against the manufacture, sales, publicity, payment and other aspects concerning trademark infringement.
Method: litigation, administrative complaint, trademark record in custom.
Copyright
Copyright Application
Copyright registration of literary works, fine works, software works, music works, etc.
Infringement Combating
Against any website infringing the copyright of literary works, fine works, software works, music works;
Scope: comprehensive combating on infringement related to the infringing website’s domain name, IDC hosting, website promotion, pay link and other aspects.
Method: lawyer’s letter, administrative complaint, litigation.
Policy Consultancy
Our attorneys are expert in China laws and administrative policies on copyright.
Other Services
Drafting, examination, modification on copyright contract and other legal documents related
Patent
Administrative Affairs
Drafting patent application, patent claims and other documents
Patent application;
Paten re-examination application, drafting application document, re-examination statement or reasons and other documents;
Invalid patent application, drafting application document, statement or reasons and other documents;
Communication and negotiation with patent officer in the process of patent application and dispute settlement.
Patent Strategy
Establishment of patent protection system, determination on the protection scope of peripheral patent and the establishment of patent pool.
Patent Transaction
Drafting and examination on the contract of patent sales, transfer and license;
Patent contract record and registration;
Investigation on patent ownership;
Assessment on patent value.
Litigation
Administrative litigation;
Infringement litigation;
Patent ownership confirming litigation.
Trade Secrect
There has promulgated no Trade Secret Law in P.R.C, while the regulations concerning trade secret are respectively provided in Anti-unfair Competition Law, Labor Contract Law and other laws or regulations, such complicated legislation makes it crucial for international companies in China to maintain the legality and effectiveness of any legal documents containing trade secret.
Drafting and Modification of Legal Documents
Localizing clients’ documents related to trade secret by China laws and regulations;
Drafting various legal documents concerning trade secret on clients’ demands, including the Confidential Articles of Association, Non-infringement Undertaking, Non-disclosure Agreement, Non-competition Agreement, Project Non-disclosure Agreement, Confidential Undertaking, etc.
Litigation
Acting in dispute of competition restriction, trade secret infringement, as well as criminal report and acting in crime of infringing trade secret case.
Field of business activities: Intellectual property (Copyright, Patent, Trademark, Trade Secret) ;Corporation affairs; Foreign investment).
Our lawyers have accumulated wide experience of IP Legal Services in Fujian
Lying in the southeastern coast of China and bordering Zhejiang Province, Jiangxi Province and Guangdong Province, Fujian is facing Taiwan across the Straits and one of the closest mainland provinces to South east Asia and Oceania, as well as an important window and base of China for global exchanges. Boasting a long history, Fujian was called the Region of Minyue during the Spring and Autumn Period and the Prefecture of Min-Zhong during Qing Dynasty. In the middle of Tang Dynasty, the post of Fujian Military Commissioner was established, and the province was hereafter called Fujian. The brief name of Fujian, "Min", is derived from Min River, the greatest river within the province. Covering a land area of 121,400 square kilometers and a sea area of 136,000 square kilometers, Fujian governs Fuzhou, Xiamen, Quanzhou, Zhangzhou, Putian, Longyan, Sanming, Nanping and Ningde (nine municipal cities), as well as 85 subordinated counties, cities and districts (including Jinmen County).
our service team has helped many international corporations to invest in China and protect their intellectual property rights.
#Xiamen English Speaking Lawyer trademark attorney patent attorney From Chinese intellectual propert
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Manila Xiamen International School Address: 735 Long Hu Shan Lu, Zeng Cuo An, Shi Ming District, Xiamen 361005, China Postal Area Code: Xiamen 361005 Telephone: 86 59 2251 6370 Email: [email protected] Website: http://www.mxis.org/ Info: Nursery School (age 3-5) Primary School (age 6-10) Middle School (age 11-16) High School (age 17-18)
Xiamen International School Address: 262 Xinglin North 3rd Rd, Jimei, Xiamen 361022, Fujian, China Postal Area Code: Xiamen 361022 Telephone: 86 59 2625 6581 Email: [email protected] Website: http://www.xischina.com/ Info: Nursery School (age 3-5) Primary School (age 6-10) Middle School (age 11-15) High School (age 16-18)
Fuzhou Lakeside International School
No.72 Meng Shan Road, Gulou District Fuzhou, Fujian Province, China
地址:中国福建省福州市鼓楼区北梦山路72号
http://www.flis.cn/index.php/Index/index/cid/1.html
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Lying in the southeastern coast of China and bordering Zhejiang Province, Jiangxi Province and Guangdong Province, Fujian is facing Taiwan across the Straits and one of the closest mainland provinces to South east Asia and Oceania, as well as an important window and base of China for global exchanges. Boasting a long history, Fujian was called the Region of Minyue during the Spring and Autumn Period and the Prefecture of Min-Zhong during Qing Dynasty. In the middle of Tang Dynasty, the post of Fujian Military Commissioner was established, and the province was hereafter called Fujian. The brief name of Fujian, "Min", is derived from Min River, the greatest river within the province. Covering a land area of 121,400 square kilometers and a sea area of 136,000 square kilometers, Fujian governs Fuzhou, Xiamen, Quanzhou, Zhangzhou, Putian, Longyan, Sanming, Nanping and Ningde (nine municipal cities), as well as 85 subordinated counties, cities and districts (including Jinmen County).
To facilitate people who want to invest and set up business in Fujian, 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 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) isa 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: Measuresof 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 Fujian, Beijing, Fujian, 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 inChina 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 Fujian 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 Fujian 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 Fujian China, drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Fujian 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.
Once your business is officially registered in Fujian, it's required to maintain proper accounting records in accordance with accounting standards in China and to report taxes on both monthly (for business tax, individual income tax) and quarterly (corporate income tax) basis. Late submissions will face penalties and surcharges.
When foreign companies come to Fujian to set up Small Medium Enterprises, one of the headaches is to find an English-speaking professional accounting & tax advisory and agency firm. Even there is help from local professionals, due to language and communication problems, it is still hard for investors to find the correct way of investment and to completely understand the local investment and tax policy. Furthermore, it is hard for the foreign investors to set up a complete and legal financial & tax system as well as the related procedures. Therefore, different kinds of incompliant problems regarding tax and legal areas will be accumulated with the invested company and lead to serious legal risks step by step.
A lucky investor may get the fluent English-speaking internal accountant by recruitment, but it does not mean the invested company no longer needs an external consultant. Due to the professional limitation of internal accountant, particularly when it comes to comprehensive issues regarding taxation, customs, foreign exchange, labor, banks and so on, it is hard for the internal accountant to propose sophisticated professional advice and options to the company’s management.
During the practical operating, many small and medium sized companies conclude that full time cashier and full time accountant cost a lot and create certain burden for operation. Meanwhile, as they might not be full occupied by works due to the limited work load. To be successful, any enterprise regardless its size often needs a financial and accounting expertise.Outsource your accounting project to us is the best solution to this problem. With Our professional accounting service, clients can have the expertise they require when they require.
Our accountant could assist you and negotiating with your local officer to use the proper tax reporting method for your China presence. And submit the tax reports monthly and quarterly on your behalf. . The details of our services are set out below ◾Update the books in accordance with the Chinese Accounting Standards ◾Prepare monthly financial statements for tax filing purpose and submit if applicable ◾File monthly Business Tax Return and Individual Income Tax Return ◾File Corporate Income Tax Return quarterly ◾Annual Corporate Income Tax Filing ◾Monthly Bookkeeping Service ◾Audit of Financial Statements
Foreign companies come in contact with the Chinese legal system the moment they decide to doing business with china. Our legal teams have served the clients in Fujian China since 1990s. We have advised on some significant investments, international trades, real estate projects, arbitration, litigation and individual needs to date. The expertise we have allows us to place ourselves at your full disposal to offer our advisory services in China, to suggest the best path to lead you to the best solutions for any challenge in your business.
We have extensive experience with the entire spectrum of business entities in China, from simple Representative Offices to more complex Foreign Invested Enterprises such as Wholly Owned Foreign Enterprises (WOFEs) and Joint Ventures (JVs). We have served hundreds of clients from more than 30 countries in virtually every industry sector. Our consultants have developed an extensive network of local connections to expedite business registration projects and to negotiate for favorable incentives for large Foreign Direct Investment (FDI) projects.
We assist our clients with their China projects regardless of which stage of development they are in, like researching the business environment, entering the market or already growing their business within China. We are committed to guiding our clients through the challenges of achieving their goals by not only keeping them abreast of current trends but also anticipating how those trends may impact the market they are in. We customize our approach according to our clients’ specific needs.
Contact Tom Lee for business setup consulting in Fujian now.
#One-stop services for foreign investing in Fujian China#offer business setup consulting#company regi
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Quanzhou is located on the southeast coast of Fujian province and faces the Taiwan Straits. It was among the first group of famous historical and cultural cities designated by the State Council. Quanzhou was also an important harbor and starting point of the Maritime Silk Road. It is the ancestral home of many overseas Chinese.
Quanzhou covers 11,015 squre meter of land surface and 11,360 square meter of oceanic area. Its resident population reached over 8.65 million in 2017. It has four districts, three county-level cities, five counties - and also includes the Quanzhou Economic & Technological Development Zone.
The city has a subtropical marine monsoon climate, a coastline of 541 kilometers, and 58.7 percent of its area is covered by forest. It boasts rich mineral resources such as iron, manganese, gold, coal and quartz. The port of Quanzhou has facilities in four bays of the Taiwan Strait.
Visitors to the city can still see traditional Chinese temples and opera houses, and there are also 686 historical and cultural sites, including 20 sites under state protection, such as Kaiyuan temple, Anping bridge and Chonggu ancient town.
In 2017, Quanzhou's GDP amounted to 754.8 billion yuan, an uptick of 8.4 percent over the previous year, official statistics show.
Quanzhou Business Formation also can be understood as: Quanzhou company setup, Quanzhou corporate formation, Quanzhou business setup, Quanzhou company registration, Quanzhou business establishment and Quanzhou business registration.
To facilitate people who want to invest and set up business in Quanzhou, 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 LiaisonOffice 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 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, Shenzhen, Hangzhou and rest cities of China
Hong Kong Company usually been used as aSpecial 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 China 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
Since 2006, TCBC has been focusing on consulting services for our clients to invest in Quanzhou 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 Landacquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Quanzhou China, drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Quanzhou 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 setup consulting in Quanzhou now.
#Quanzhou Profile#Incorporate Business#Company Registration#Corporate Formation In Quanzhou Business
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Fuzhou, capital city of Fujian province, is located in the east of Fujian. When China initiated its reform and opening up drive in the 1980's. Fuzhou became one of the first coastal cities to open up to the outside world. The history of Fuzhou dates back 2,200 years, and it covers an area of 12-thousand square kilometers. There are six administrative districts, one county-level towns and six counties. In 2017, the resident population in Fuzhou reaches 7.66 million. It has a subtropical marine monsoon climate, and an average temperature of about 19.6. The jasmine is the city flower and the banyan is its city tree.
Fuzhou is the mainland provincial capital nearest to Taiwan. It has been called the most competitive city of manufacturing in China, one of the 200 most attractive cities in the world, and the eco-city in China with the highest investment value.
In 2017, Fuzhou's GDP registered 710.4 billion yuan, up 8.7 percent year-on-year, official data shows.
Fuzhou Business Formation also can be understood as: Fuzhou company setup, Fuzhou corporate formation, Fuzhou business setup, Fuzhou company registration, Fuzhou business establishment and Fuzhou business registration.
To facilitate people who want to invest and set up business in Fuzhou, 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 LiaisonOffice 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 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, Shenzhen, Hangzhou and rest cities of China
Hong Kong Company usually been used as aSpecial 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 China 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
Since 2006, TCBC has been focusing on consulting services for our clients to invest in Fuzhou 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 Landacquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Fuzhou China, drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Fuzhou China. We offer a range of company formation services including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE)
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-Foreign Invested Partnership Enterprises (FIPE)
-HongKong Holding Company.
Contact Tom Lee for business setup consulting in Fuzhou now.
#Brief Introduction To Fuzhou#Set Up Business#Company Registration#Corporate Formation In Fuzhou Busi
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Beijing fuels the second cities race investing in one of the Dragon’s most dynamic and productive regions
With an almost continental size, the ‘real’ People’s Republic of China lies in the diversity and richness of its regions. It’s a far more heterogeneous territory than Westerners often imagine. Official government statistics estimate a 56% increase in consumption in urban areas by 2022, with a new Chinese middle class constituting roughly half (54%) of the PRC’s urban population. But what is changing in less popularized regions of the country, and which regions make the best case for foreign investment?
The obvious answers – Beijing or Shanghai – are now close to saturation, so it’s best to look at China’s new economic centers, many of which remain unknown to outsiders. The race has just begun, and the Chinese government has already put significant infrastructure and manufacturing facilities in place. Investors must play ahead of competitors, and to do so, must watch out for the rising markets of Fujian.
The Fujian Clique: Chinese leadership has big plans for the province
Located in China’s Southeast – the Strait of Formosa in front of Taiwan, to be precise – this green, wooded province boasts an ancient and millenarian history. It’s a top choice tourist destination for Chinese citizens but remains off the map of their Western counterparts. Inside China, Fujian is referred to as ‘八 山 一 水 一 分 田’, meaning ‘eight parts mountain, one part water, and one part fields’, to summarize the region’s natural bounty.
But Fujian isn’t just forest. Its GDP currently ranks 10th among all China’s provinces with an annual growth rate of 8.4%, and Chinese leadership has big plans for the region. Xi Jinping was Governor of the province from 1999 until 2002. As such, the region’s path toward progress started under the watchful eye of Xi, who transformed the region into a lighthouse for foreign investment.
So why follow the economic development of Fujian? Look to who has power in Beijing. Many of the key posts in the country’s current leadership are held by those who were Xi’s comrades and colleagues during his Fujian tenure, thus forming the “Fujian clique”.
Xiamen: the Pearl of Fujian and gateway to southeastern China
The province perfectly embodies the production prototype of China 2.0. Few heavy industrial zones, wide open spaces for high-tech, respect for the environment, and R&D capacity for foreign investors. Furthermore, Fujian exists in a productive ‘cluster’ between Fuzhou and Xiamen, making it an exemplar of a second-class metropolis that is progressing, developing and looking abroad with curiosity. In short, Fujian is emerging as a potential market for many foreign brands.
So where to invest? Not only in infrastructure, but also in web and technology. Noteworthy is the “Digital Fujian” project started by Xi Jinping himself when he was Vice President of the Republic. This economic program is the emblem of a China that views e-commerce and the internet sphere as one in the same. Thanks to this initiative, Fujian is currently the sixth most digitized region in China and many of the country’s most successful start-ups have been born within its confines.
Although Fuzhou is the administrative capital of the region, Xiamen is the true pearl of this coastal province and leads to the southeast of the country. Positioned exactly in front of Taiwan and hosting one of the most prestigious universities in all of China, Xiamen has been labeled one of the best Chinese cities for quality of life. It’s headquarters for the country’s best-known sports brands such as Anta, 360 °, and Peak. Much of the economic success of this second-tier city comes from its nomination as one of the first four Special Economic Zones in China that engaged in trade with the outside world. This advantage, after thirty years, continues today.
Xiamen International Airport welcomes 38 million passengers per year, topping traffic for second-tier cities. Fujian’s flagship airline, Xiamen Airlines, which links the province with some of the best known international destinations such as Amsterdam, Los Angeles, and Singapore, was the first Chinese air carrier founded entirely with private capital. The company has also established 33 new international routes in the past two years.
International outlook continues today – now it’s time to invest
…But Zhongnanhai’s projects are long-term, and they’re directly related to the New Silk Road. Currently, Fujian ports have recorded a cargo traffic of 500 million tons, and Xiamen’s single port is one of the most important in the People’s Republic of China. According to Beijing’s calculations, the expansion of the city’s port will go hand in hand with the development of the Fujian Free Trade Zone (FTZ), a vast area inaugurated in 2015, which sees the Fuzhou, Pingtan, and Xiamen as central poles to the nervous system of the greater region. Through pointed taxation and investment in these areas, the government will achieve its aims.
Why look to Fujian? The answer is obvious. This province is the gateway to the entire southeast of China. A huge market with the highest growth rates in the People’s Republic. An arrival of goods via infrastructure based on rubberized and railway transport in Xiamen that facilitates influx into the greater region, such as Hunan province or the Low Zhejiang. All areas bordering Fujian.
So the Xiamen FTZ is a real opportunity for many players. This is why, since 2015, international brands with offices in Beijing or Shanghai have opened branches in Xiamen. This is China 2.0. In Fujian, an all-dimensional, multilevel and wide-ranging model of openness has emerged that has enabled the Province to trade globally, leading it to establish economic and commercial relations with 225 new markets that include entire nations.
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Xiamen and Fuzhou are lesser known Chinese tech cities, compared with Beijing, Shenzhen, Hangzhou, Chengdu or Shanghai. Both are part of Fujian, a province on China’s southeastern seaboard historically known for its entrepreneurial spirit.
Though Fuzhou is the provincial capital, Xiamen currently is more attractive to tech startups and talent, being more economically advanced as one of the five Special Economic Zones established in the 1980s. Tech founders in Fuzhou also enjoy the advantage of relatively low labor costs. But talent acquisition is a big problem for entrepreneurs in both cities.
Unlike most other Chinese tech hubs, Fujian has few highly ranked schools in computer science, or even in science and technology in general. Meitu, the fast-growing Xiamen-based mobile photo app developer, is trying to lure employees working at big tech companies in other cities but originally from Fujian province. It has successfully hired staff from companies such as Baidu.
NetDragon
NetDragon, headquartered in Fuzhou and established in 1999, is one of the first and best-known Fujian tech companies. It went public as an online gaming company in Hong Kong in 2008. But to many, it is better known for Baidu’s US$1.85 billion purchase of 91Wireless, a third-party mobile app distributor NetDragon acquired in 2010.
In almost all Fujian-based tech companies I’ve visited or know of, there are key managers who came from NetDragon. Ma Zhijun was one of the first language specialists NetDragon hired to help export its games overseas. Ma, an Arabic-speaking Muslim, and his team successfully took several NetDragon PC games to the Middle East. After leaving NetDragon and briefly working at a mobile game company, Mr. Ma co-founded SoarDragon which focuses on localizing Chinese mobile games and exporting them to the Arabic-speaking countries. Since its licensed games generate healthy revenues, SoarDragon has begun developing mobile games in-house and other utility apps. SourDragon’s goal is to become one of the most highly regarded internet service providers in the Middle East.
Cai Wensheng
Cai Wensheng (also known as Mike Cai) is associated with many Fujian located tech companies, including Meitu, 4399 (casual game platform), Feiyu Technology (game developer) and Feibo (social marketing agency). Briefly, after moving back to China from Southeast Asia in 1999, he made a fortune from internet domain name investment and then began to invest in Chinese tech startups. Besides those located in Fujian, he has also invested in 58.com (NYSE:WUBA), Baofeng (online video streaming and tools), CNZZ (online data service).
There are many stories about how shrewd an industry insider Cai is. In 2003 he founded web directory 265.com, a clone of Hao123.com, launched in 1999 and acquired by Chinese search giant Baidu in 2004. About a year after Google entered mainland China, Cai successfully sold it to Google China, then a direct competitor of Baidu.
What’s interesting is Cai later invested in 4399, the next startup by Hao123 founder Li Xingping, and then became chairman of the board. Though Li isn’t originally from Fujian, 4399 is located in Xiamen. 4399 is one of the most popular small casual game platforms in China. More than 400 million users now consume in-house and licensed games on the platform. The company filed for IPO in December 2014. If successful, 4399 will be the second gaming company invested by Cai to go public, after Feiyu Technology which was listed in Hong Kong in early December 2014.
Cai now serves as chairman of Meitu, the photo app developer based in Xiamen. Starting up in 2008, the company has developed some of the most popular photo editing and sharing apps in China, with 800 million users combined, and is expanding overseas.
Rising Stars
Apart from Meitu, other rising stars in the Fujian tech scene include MeetYou (Xiamen), Wifibanlv(Xiamen) and Babybus (Fuzhou).
MeetYou and Dayima are the two of China’s biggest woman’s health apps. BabyBus is one of the few Chinese app developers making educational content for markets outside China. Wifibanlv (or Wifi Partner) provides a network of WiFi hotspots for free.
Editing by Mike Cormack (@bucketoftongues)
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FUZHOU, China, Jan. 12, 2018 /PRNewswire/ -- U.S.-based on-line auction giant eBay is taking new steps into the Chinese market by setting up a filiale in China (Fuzhou) Fujian Pilot Free Trade Zone on January 11.
The eBay Fujian company is eBay's first cooperation platform with the Chinese government and is eBay's second branch company in China following Shanghai.
eBay on the same day also announced that it has teamed up with Linca Industrial (Fujian) Group Co., Ltd. to build a cross-border e-commerce industrial park in Fuzhou, capital of east China's Fujian Province. The park will be the first industrial park with a full industry chain of cross-border e-commerce in China. It is the outcome of a proposal signed by Fuzhou City government, the Department of Commerce of Fujian Province and eBay in April 2017.
The planning area of the first stage of the park is about 30,000 square meters, comprising a logistics center, maker incubators, a talent training center as well as a payment service support center, among other services.
"Fujian sellers have always been active on eBay and offering a rich variety of products with quality services. The landing of the industrial park showed our firm faith in the huge potential of cross-border e-commerce in Fujian. We hope we can work together with local government to bring more companies and products from Fujian on eBay, and further on help them reach more consumers across the globe," said John Lin, chief executive officer of eBay Greater China.
"We hope to stimulate the potential and vitality of Fujian, which has always been a major province of export trade, and nurture a demonstrative policy environment and ecosystem for cross-border e-commerce industry in China, " said Liang Yong, deputy director of the Fujian Pilot Free Trade Zone.
An eBay cross-border e-commerce institute was also established on the same day. Jointly organized by the Fujian Pilot Free Trade Zone, eBay and Fujian Business University, the institute features two majors - e-commerce and international trade, along with other optional courses. Qualified graduates will be granted a certificate from eBay and offered opportunities to work at excellent e-commerce companies in Fujian. The institute is estimated to educate 2,000 to 3,000 e-commerce professionals for Fujian every year.
From March 13 - 15, 2018, the eBay-Fujian Cross-Border E-commerce Summit will be held at the Fuzhou Strait International Conference and Exhibition Center.
The summit, boasting an area of 22,000 square meters and 1,000 booths in seven sections, will become an important opportunity for cross-border sellers to attract millions of possible clients in the Chinese market and enhance the influence of Chinese brands.
E-commerce has become a major growth engine in China. According to a report jointly released by Alibaba and Accenture, China will become the world's largest market for buying and selling products online by 2020, with the total value of commodity sold by e-retailers to overseas consumers estimated to reach 994 billion U.S. dollars. The partnership between eBay and Fujian will no doubt be a win-win choice.
Established in 1995 in California, eBay is one of the largest, most dynamic e-commerce platforms in the world. The company has been the top choice for many Chinese companies to explore overseas markets.
Fujian is the second largest cross-border e-commerce exporting province in China and registered an annual growth of over 35 percent in cross-border e-commerce exports over the past three years. The capital city of Fuzhou is home to many manufacturers and e-commerce sellers. In the future, Fuzhou plans to partner with global e-commerce titans including eBay and Amazon and wish to further strengthen its role in cross-border e-commerce.
SOURCE China (Fuzhou) Pilot Free Trade Zone
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Due to Deng Xiaoping’s opening reforms, Chinese cities have shown extraordinary growth over the past decades helping the country to become the second largest economy in the world. Moreover, some of these cities have achieved such an economic development that now Western business hubs have got nothing on these Eastern economic centers. Chengdu, Jinan, Weifang, and Xi’an are just some of the second-tier cities that are quickly developing new industries attracting worldwide enterprises.
Although they are mostly unknown to the Western world, these are the Chinese Tier 2 cities, which are now considered “first-class opportunities” by both Chinese and foreign investors. Boosted by local investments, the growth of these emerging areas and the country as a whole have been influenced by the development of infrastructures that increased access to these regions.
© Pixabay. Although it is popular for its mountains and nature, the Fujian Province is also home to Chinese internet giants such as Net Dragon, Meitu, and MeetYou.
Fujian Province, with its two emerging Tier 2 cities, Fuzhou and Xiamen, is surely one of the most promising growing local economies of the country.
Located in China’s Southeast, the Province is a top choice tourist destination for Chinese citizens. It is referred to as “八山一水一分田” meaning “eight parts mountain, one part water, and one part fields” but it recently became much more than that.
Thanks to the “Digital Fujian” project started by Xi Jinping when he was Vice President of the Republic, the region now embodies the production prototype of China 2.0 with few heavy industrial zones, spaces for hi-tech, respect for the environment and also great opportunities for foreign investments.
Today, Fujian’s GDP ranks 10th among China’s provinces with an annual growth rate of 8.4%and it is the 6th most digitized region having given birth to many of the country’s most successful startups.
In April 2015, the Pilot Free Trade Zone in the Fujian Province was implemented, and since then cities like Fuzhou and Xiamen could benefit from the possibility of importing goods without the application of customs duties.
Ranked as the 10th Fastest Growing Metropolitan Areas in the world by Brookings Institution in 2015, Fuzhou is the Province’s capital. It is known as the “city with good luck” and it is one of the cities, which developed the most after the reform and opening policy since the late 70s.
During the 80s, Fuzhou was the first city in China where the stored program control – a telecommunication technology – was introduced and it was opened to overseas investments marking both a milestone in the history of telecommunications and the building of a rapid development area.
© Unsplash. Fuzhou, Fujian. Many of China’s industry leaders have been funded in Fuzhou such as Net Dragon, one of the first and best-known Fujian tech companies.
Since the Fuzhou High-Tech Industrial Development Zone was launched in 1991, the city entered the first group of state-level hi-tech zones. The 42 square miles area now hosts six industrial parks attracting various kind of resources and influencing the local economy. The area always attracted talents from all over the country, in fact, several industry leaders have been funded in this Zone while many international companies such as LG and Epson set up their factories here.
Today the Fuzhou Zone is among the top 34 of 116 state-level High-Tech Industrial Development Zone, powerfully supporting the most promising startups and actively contributing to the country’s hi-tech development.
In addition, in December 2016, the first offline cross-border business center was opened, covering an area of 7.45 square miles, with a wide variety of stores selling products from many overseas countries. A project that allowed the city to become one of the forerunners in the vast cross-border market.
© 123rf. Recently, supermarkets such as Walmart and Carrefour in Fuzhou have launched the “Pay while Buying” service that allows consumers to scan and pay food directly from the smartphone.
However, although Fuzhou is the administrative capital of the region, Xiamen is the true pearl of this coastal province. Positioned exactly in front of Taiwan and hosting one of the most prestigious universities in all of China, Xiamen has been labeled one of the best Chinese cities for quality of life.
Much of the economic success of this second-tier city comes from its nomination as one of the first four China’s Special Economic Zones that engaged in trade with the outside world, an advantage that still pays off after thirty years.
The city not only hosts the annual China International Fair for Investment and Trade but it is also the headquarter for the country’s best-known sports brands such as Anta, 360°, and Peak Sport.
As the primary international port of the Province, Xiamen soon became a center of China’s trade, with hundreds of thousands of tons shipped abroad every year.
In 2018, Amazon Global Selling decided to invest in the city and it launched its Xiamen Cross-border E-commerce Park, the first cross-border e-commerce park in South China opened by Amazon, and the second cross-border e-commerce park in the country. This marks the strong intention to promote the export of regional cross-border e-commerce embracing foreign trade.
Today, the Xiamen International Airport welcomes 38 million passengers per year. Moreover, Fujian’s flagship airline, Xiamen Airlines, which links the province with some of the best known international destinations such as Amsterdam, Los Angeles, and Singapore, was the first Chinese air carrier founded entirely with private capital.
So, Xiamen embodies both a strategic commercial route as well as one of the most popular Chinese tourist destinations.
© Pixabay. Xiamen, Fujian. Historically known as the British tea trade harbor, today Xiamen is one of the busiest centers of China’s trade.
Fuzhou and Xiamen are thus rapidly expanding manufacturing and commercial hubs while many of the world’s leading digital Chinese companies have been founded by people from the Fujian area.
Currently, Fujian ports have recorded cargo traffic of 500 million tons, while Xiamen’s port keeps being one of the most important in the People’s Republic. Then, since the Fujian Free Trade Zone was developed in 2015, the Province quickly became the most important gateway to the entire southeast of China.
So, as more foreign companies do business in China’s second-tier cities, why is Fujian so important?
In China 2.0, the Fujian Province represents an all-dimensional, multilevel and wide-ranging model of openness.
The Province not only is a huge market with the highest growth rates but it represents also a hub for the arrival of foreign goods through developed infrastructures, which facilitate influx into all the areas bordering Fujian.
For this reason, since 2015, international brands with offices in Beijing or Shanghai have opened branches in Xiamen enabling the Province to trade globally. Fujian, in fact, already established economic and commercial relations with 225 new markets that include entire nations.
While the Made in China 2025 plan lays its foundations in ambitious local economies for building a self-sufficient hi-tech leader, Fuzhou and Xiamen are two strategic outposts for the Belt and Road Initiative that will connect this new Chinese hi-tech superpower with the global market.
The two fast-growing cities speeded up their development to become future hubs for Beijing’s new plans of innovation and now they represent an emerging opportunity for both local economy and foreign enterprises.
From a strategic port for the tea trade from Britain to a strategic gateway for the global market, the Fujian Province is probably going to attract much more foreign interest in the near future.
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Over the last 40 years, China has transformed itself from an agrarian society to the world's second-largest economy thanks to its continuously evolving reform and opening-up policies.
As a commitment to the continuation of deepened reform and opening-up, a total of 12 pilot free trade zones (FTZs) have been established in China since 2013, including in Shanghai, Tianjin, Guangdong Province, and most recently, Hainan Province. Inside these zones, policies related to foreign investment, trade liberalization and facilitation, the currency market and banking are more relaxed.
The China (Fujian) Pilot Free Trade Zone is closest to the Treasure Island of China - Taiwan. It was officially launched in 2015 and integrates three areas – Xiamen, Fuzhou and Pingtan. The Free Trade Zone covers a total of 118 square kilometers and promotes free-flow of goods, capital and services, while giving full play to Taiwan's advantages.
"Over the past three years, we've used the Fujian FTZ as a platform to help boost cross-Strait communication and integrate development between the Chinese mainland and Taiwan," said Dai Bin, Director of Policies and Regulations Bureau of the Administration of Xiamen Area of China (Fujian) Pilot Free Trade Zone.
Dai further explained that the Fujian FTZ established some new models and mechanisms in the process. For instance, the FTZ used its negative list management system to attract investment and cooperation opportunities from Taiwan's emerging and modern service industries. To strengthen cross-Strait economic ties, the FTZ has also utilized the province's shipping service to import and distribute goods from Taiwan. From the sea to the land, the FTZ has also facilitated the transportation of Taiwan's electronic components via China-Europe freight trains to countries in Central Asia and Europe.
The Fujian FTZ had a total trade volume of 192.93 billion yuan in 2017, a year-on-year increase of 31.6 percent.
To adapt to the increasing import and export volume through Fujian, the Xiamen Area of the Fujian FTZ, which is also an important international seaport on the southeastern coast of China, is developing a smart port model as part of the FTZ's technological innovation. The intelligent port model employs remote control technology on the port's quay cranes. Thanks to this update, quay cranes can now be commanded remotely from a control room. It dramatically enhances the efficiency of crane operations while improving the work environment of operators by reducing safety risks.
"By installing new electronic devices onto our original cranes, including scanners, vehicle tracking systems and ship monitoring systems, and by pinpointing trucks, we have realized the semi-automation of moving containers from the sea to the land," said Chen Shulin, a mechanic operator of Xiamen Container Terminal Group.
Chen said the smart-port technology has reduced his workload by 70 percent and has vastly improved the working environment. "In my ten years as a crane operator, I never thought I would be operating quay cranes so easily. For the foreseeable future, all ports can use this technology in large-scale application," he added.
The Fujian FTZ doesn't only focus on innovation along the coastline. In Fuzhou, 250 kilometers north of Xiamen, a prominent financial innovation feature known as Fuzhou Mawei Fund Town is managing the investment of over 100 billion yuan from around the world to help boost Fujian's real economy. The private equity fund was established in 2017 based on the FTZ's advantages in geography and policymaking. The aim is to serve the real economy by attracting high-quality fund enterprises from around the world to set up investment operations in the Fujian FTZ.
Zhang Zhenmin, Vice General Manager of Fuzhou Mawei Fund Town, said some of their fund products were explicitly planned for Belt and Road programs.
"The famous Quandt Family from Germany is expected to issue a fund with a total value of over five billion yuan, which will be invested primarily in biomedicine and logistics programs under the BRI [Belt and Road Initiative]," Zhang said.
"The town has enjoyed huge profits brought by China's 40 years of reform and opening-up. In the future, we'll continue to utilize the FTZ's geographical and political advantages to be of greater service to the real economy and to contribute our strengths to the country's reform and innovation process." Zhang added.
Relying on Fujian FTZ's streamlined customs procedures, Best Logistics Technology, a Chinese logistics supply chain service provider backed by Alibaba, has set up a local subsidiary in Fuzhou to provide logistics and warehousing services for cross-border e-commerce businesses, which have boomed in Fujian in recent years thanks to the 21st-Century Maritime Silk Road.
"Within the FTZ, we use warehousing software to synchronize with the system used by customs, so that customs can monitor our inventory status in real time. Then we use logistics software to distribute our goods to consumers," said Zhao Yuchen, Assistant Manager of Best Logistics (Fuzhou) Co., Ltd.
As the core area of the 21st Century Maritime Silk Road, Fujian connects the land with the sea through ship-to-freight-train transportation of goods, boosting exports from Taiwan and Southeast Asia to Europe and Central Asia. According to the Department of Commerce in Fujian Province, over 5.79 billion yuan worth of goods have been transported since the Taiwan-Fujian-Europe freight trains were launched in 2015.
"We also import daily consumer goods from countries such as Japan, South Korea, and Australia. These goods include facial masks from South Korea, biscuits from Japan and powdered milk from Australia, to name a few," Zhao said.
The Fujian Pilot Free Trade Zone, along with the other 11 free trade zones in China, works as a testing ground for comprehensive deepening of reform, where measures such as streamlined business registration and easier access to administrative services are tested before being promoted nationwide.
China has reiterated on many occasions that the country will open its door even wider to the world. The steady development of free trade zones will bring about new prospects for reform and opening-up at a higher level.
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By ZHONG NAN in Beijing and HU MEIDONG in Fuzhou | China Daily | Updated: 2017-02-09 08:08
Tourists row boats on a lake in Fuzhou, the capital of Fujian province, Jan 28, 2017. [Photo/VCG]
Fuzhou, the capital of Fujian province, has issued 10 investment-friendly policies including measures to stimulate the service and high-end industries to promote economic innovation, in a bid to improve its capacity to compete with rivals in other coastal provinces.
These 10 policies offer 49 measures, covering the aspects of overall economic development, high-end recruitment and technology, modern vocational education development, and the development of the internet of things and big data industries.
"The move is crucial to the government to serve the enterprises and promoting development. We can see that the government is determined to accelerate the process of building a new Fuzhou and setting a good example for other coastal cities," said Ni Yuefeng, Fujian's deputy Party chief.
Huang Xuexun, deputy director of Fuzhou's commerce bureau, said these policies can help Fuzhou create a good environment for innovation-driven development and take the lead in attracting domestic and overseas investment.
Under the new policies, companies with headquarters registered in Fuzhou in 2015 or later can be regarded as newly introduced headquarters.
Those companies can be rewarded up to 20 million yuan ($2.9 million) to facilitate their business development.
Besides company headquarters, sales centers and operating centers, as well as research and development centers that have reached certain standards can be regarded as headquarters, and rewarded up to 10 million yuan.
Among the measures to promote technological research and development, apart from a bonus for setting up technology and industrial design centers, companies that have developed the first set of equipment can get an extra bonus up to 2 million yuan.
The policies are also beneficial to absorbing foreign investments. According to Huang, Fuzhou's commerce bureau has a goal of attracting $1.94 billion foreign investments this year.
"The new policies are closely related to our automobile industry. Our company is going to take this opportunity to attract high-end employees, and to increase research productivity, as well as technological innovate ability, in order to better build the automobile brands of Fujian," Huang Chun, chief executive officer of Fujian Motor Industry Group Co, commented.
Zheng Yiran contributed to this story.
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The weather isn’t the only reason luring more and more foreign businesses to Xiamen. Sophie Loras spoke to AustCham-Fujian chair, James Rein, about the business opportunities in the region.
Xiamen in Fujian province may not have as many millionaires as Shanghai and Beijing, but it certainly has better weather, brand new infrastructure and boasts one of China’s largest deep-water ports. Located on the southeastern Chinese coast, the city overlooks the Taiwan Strait and prides itself on its mild and subtropical climate as well as its reputation as a logistics hub between China and North-East Asia, Southeast Asia, and Taiwan.
It is for many of these reasons, that James Rein, the current chair of newly formed AustCham-Fujian, chose to base his China ventures out of Xiamen over the bigger cities of Shanghai and Beijing when he first arrived in China in 2004, first with a coffee business and in 2009, his wine distribution business, Oz Cellars.
“Xiamen is a beautiful city, it’s very modern with a high disposable income,” says James.
“People who’ve made good in second and third-tier Chinese cities often end up migrating to Xiamen – there’s a lot of development but no industry on the island, which means a lot of very clear beautiful skies, brand new modern office spaces and a high distribution of income and standard of living amongst its populace.”
Fujian has a long, historical reputation as a global trading hub, with many overseas Chinese having, through history, migrated from the region.
“They are the ones who went out into the world, and they are the ones who brought the world back to China,” says James.
With China connections on both sides of his family – via famous brother-in-law, Australian Foreign Minister Kevin Rudd, and his Hong Kong wife’s mainland connections in Jiangsu and Fujian provinces, China had been on the Rein family radar for a long time.
James’ wife Lina formed the AustCham-Fujian & Xiamen Australian Investment Association in April 2009 to respond to the growing number of Australian and Chinese- Australian businesses setting up business interests in the region.
“When foreigners come to China there is a need to talk to people, learn the tricks of the trade without having to pay for it, and without making mistakes,” says James, who believes many Australians come to China for the first time with blinkers on.
“Many Australians in joint ventures still don’t cross the T’s and dot the ‘I’s when they come to China. They don’t do due diligence as you would in Oz and they get into a lot of trouble,” he says.
AustCham-Fujian’s aim is to better promote the interests’ of Australian business in the region and work in co-operation with the extended AustCham China networks in Shanghai, Hong Kong & Macau, Beijing and South China. It already represents the interests of almost 50 businesses covering a range of industries including manufacturing, property development, investment, international trade, energy and resources, the service sector and logistics.
“In today’s modern world and with electronic business, it is not difficult to get to Shanghai, Beijing, Chengdu. Everything is close,” says James of life in Xiamen.
Endorsing Xiamen as a multinational business hub are companies such as Dell, ABB, Kodak and Lenovo, who have all set up their headquarters in the coastal city.
James Rein’s advice to companies looking at China, is to not automatically think of Beijing and Shanghai when exploring options.
*Pictured right: James and Lina Rein.
“Yes they are very interesting cities and you don’t need a great deal of Chinese language
to live and work there, but for the true China experience you need to get out,” he says.
“It’s an extremely competitive market – whatever the industry – so in China start in the second and third tier cities, establish your name and good volume.”
He says China’s second and third-tiers cities are thirsty for foreign investment.
“They are incredibly welcoming from both a business to business point of view and a government to business point of view.
“Living here in China is a great lifestyle, and if you work hard you can have a very good business as well as opportunities which are 100 times greater than at home.” ■
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It can be intimidating as a foreigner to come to Fuzhou to work in a waizi (China-based foreign company). The language barrier is just one of the obstacles together with the work culture, the codes of relationships and the values themselves.
Fuzhou is not Shanghai. The city is relatively small in Chinese standards and it doesn’t have the same level of international exposure as Shanghai does, at least for now. Some aspects of the Chinese and the Western cultures are so different that it seems impossible to reconcile one with the other. As a strong advocate of mutual understanding between people, however, I believe that it is manageable to work together towards a common goal.
The first thing I’ve learnt is: we should embrace the difference.
Yes, foreigners are different from the people in Fuzhou. And the Fuzhou locals are actually different from the typical Chinese depicted in the West.
As I often work with Fujianese business partners, I realize that they really value what is different in someone else. In Fuzhou, a foreigner is special and doesn’t go unnoticed. It is a great advantage for two reasons. First, people can spot you and remember you easily. This is highly beneficial as long as you have the proper behavior. A foreigner almost always has an edge when it comes to making friends, and Fuzhou is a particularly friendly city.
Second of all, by being so different, you really have something to bring to your local colleagues at workplace, even if you don’t realize it. The way ideas are created and plans are laid out is very different between the two cultures. There is a lot to share and also a lot to learn from one another.
The second point is: we should remember that we are not that different.
Differences cannot be an excuse for not trying to adapt to the local culture. Working in Fuzhou with local people requires efforts by both foreigners and locals.
It is important to keep in mind that locals and foreigners share similar dreams and ambition for happiness.
Fuzhou is a rapidly growing city with lots of opportunities in terms of work and business. Some foreign businesses fail to acknowledge that many Fujianese do not only want to work, but also want to learn new skills and have an interesting career. As Fuzhou develops economically, its taste for culture, arts and good living is also on the rise as well as people’s expectations.
A foreigner in a waizi has a special responsibility towards its Chinese colleagues as he or she is an ambassador of the main company.
If I work in Fuzhou, I should try to give more and ask less, and everybody should benefit from the collaboration.
The third thing I learnt is: we shouldn’t be let down by negative details, but should rather appreciate the positives.
Some foreigners living in Fuzhou have their share of criticism towards their workplace and the behavior of people. Having worked in Fuzhou for two years, it is true that I saw many things as suboptimal and sometimes really disorganized. I could complain about the company food, the heating system, the rubbish on some roads… But those details are just what they are: details.
Fuzhou is really an easy place for a foreigner to live. The weather is not extreme, and the city is very safe and well located.
The social etiquette of Chinese companies is also very interesting to discover. Having a weekend outing with my colleagues, inviting children to the company for the Children Day and taking part in the corporate annual party were all new and incredibly interesting things to me.
The fourth thing I’ve learnt is: we should work hard
As an employee of a Fuzhou-based multinational company, I have to deal with a set of managers from different origins. Depending on where the manager comes from, they have a different leadership style. An American manager could be a charismatic leader who leads his/her team by fostering motivation amongst them. A European could win respect from their employees by possible proven knowledge and intelligence. A Chinese manager is often respected by the amount of work he/she delivers.
Hard work is highly valued in Fuzhou culture. This shows itself even in some other countries. For example, a large part of the growth of New York City’s Chinatown was fueled by the immigration of industrious workers from Fuzhou and nearby cities.
I have actually noticed that my colleagues indeed esteem diligence. Working hard is a duty towards your colleagues and your community, and it is especially true in a traditional society like China’s.
You may not be the brightest or the smartest, but industriousness will win you respect.
Working in Fuzhou has been a great experience. I understood many things from my colleagues and partners in Fuzhou, such as the importance of keeping things balanced and the role of relationships.
I also learnt that it is possible to reconcile true friendship with business partnership; which I was not convinced of before coming to China.
Francois is an engineer in the electricity power industry. He has lived in Fuzhou, Taiwan, Europe and the USA.
His hobbies include traveling, trying new things and meeting people from all walks of life. He is interested in sociology and philosophy and likes to record his experiences on video.
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Located in southeast Fujian Province, the coastal city Quanzhou is dotted with rolling hills, valleys, and basins; the Daiyun Mountain extends southwest from the northeast of the city. Throughout its long history, Quanzhou has seen the birth of southern Fujianese culture, and it was one of the first Chinese trade ports opened to the outside world. With scores of scenic spots and historical sites, Quanzhou has been affirmed by UNESCO as the starting point of the Maritime Silk Road.
A Culture with Far-reaching Influence
Southern Fujianese culture is also called Minnan culture (in Chinese, Min is the shortened name for Fujian, and nan means south). It originated in Quanzhou and has been cultivated together with the people of southern Fujian. With the Minnan dialect as its carrier and maritime culture at its core, Minnan culture constitutes an important part of the greater Chinese culture; its sphere of influence reaching Fujian, Zhejiang, Guangdong and Taiwan, and even as far as Singapore and other Southeast Asian countries.
Two ancient stone towers in the Kaiyuan Temple of Quanzhou City. Chen Yingjie
In the Han (206 BC-AD 220) and Jin (265-420) dynasties, large numbers of ethnic Han people from the central plains of China migrated south to Quanzhou. Hence the culture of the central plains began to merge with that of southern Fujian, thus precipitating the formation of Minnan culture.
Quanzhou saw a significant population increase and economic development during the Song (960-1279) and Yuan (1206-1368) dynasties, and the city thus became the starting point of the Maritime Silk Road and an important port in the East. As Arabs and Persians arrived in Quanzhou for trade, they enriched the Minnan culture with their own Islamic traditions.
During the Ming (1368-1644) and Qing (1616-1911) dynasties, European businessmen and missionaries brought Western culture to Quanzhou, further boosting local cultural development. After thousands of years of encounters and integration with various peoples, a diversified cultural system fusing agricultural civilization, maritime trade, and religious culture took shape.
An aerial view of Quanzhou. Chen Yingjie
Minnan dialect, one of China’s eight major dialects, originated in Quanzhou, but its popularity has gone far beyond its geographical homeland. In Taiwan, apart from that in the Gaoshan ethnic group settlements, Minnan dialect can be heard almost everywhere. In Singapore, 70-80 percent of the local population can speak or understand it. More than 40 million people across the world are proficient in it.
Architecture is an important proponent and embodiment of a culture. In Quanzhou, the most typical of traditional architectural styles is the ancient cuo (meaning “house” in the local language). These ostentatious and magnificent ancient cuos feature red bricks and tiles, white stone bases, roofs that are sunken in the middle and tipped with raised, fork-tailed ridges at either end, and embellished with exquisite stone and wood carvings. The larger residences, fashioned in the traditional style in modern and contemporary times, have mostly been built by eminent figures, as well as overseas Chinese and business tycoons to house several generations of their family.
Another of Quanzhou’s distinctive local architectural styles is the oyster shell house, whose walls are inlaid with oyster shells. The greyish white shells contrast beautifully with the mottled granite and red bricks. Together they create a stunning sight to behold. These oyster shell houses are mainly distributed throughout the Xunpu, Fashi, Dongmei, and Jinqi neighborhoods, in Fengze District of Quanzhou City with Xunpu having the densest cluster of oyster shell houses.
“Fanzai” is a term used by Quanzhou people for the buildings that combine foreign and traditional Chinese architectural elements, mostly built during the Republic of China (1912-1949) period by overseas Chinese who returned from Southeast Asia. Fanzai buildings were mostly built with construction materials imported from Southeast Asia. Absorbing the merits of both traditional Minnan residential buildings and Southeast Asian architectural styles, these Fanzai buildings feature distinct designs, exquisite pieces of art work, marvelous carvings, colorful paintings, brick patterns, and sculptures.
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Ever-versatile and Dynamic Long one of the world’s most prosperous ports, Quanzhou has built upon its strategic location to transform itself into a vital modern centre of commerce, trade and culture Situated in the southeastern part of the Chinese mainland, Quanzhou is one of the three largest cities in Fujian Province. It neighbours Fuzhou, the province’s capital, to the north and borders the Xiamen Special Economic Region to the south. To the east, it faces Taiwan across the Taiwan Strait. As a prefecture-level city, Quanzhou is one of the three cities designated by the provincial government for expansion and strengthening. The city occupies a land and sea area of 110.16 million hectares and 11,360 square kilometres respectively, and is blessed with a 541-kilometre-long coastline. Under its administration are four zones, three cities, five counties, and the Quanzhou Economic Technology Development Zone and Quanzhou Taiwanese Investment Zone. Urbanisation of the city has reached 64.5 per cent, and it has a total registered permanent population of 8.58 million residents, accounting for 23 per cent of the province’s total population. A flourishing economic hub Since China’s period of reform and opening up, Quanzhou has maintained one of the nation’s fastest growing economies. It registered a GDP of RMB664.7bn in 2016, contributing about one-fourth of the province’s production, leading Fujian for the 18th consecutive year. The year 2016 also saw the realised added value of industrial output increase 7.4 per cent to RMB348.03bn, contributing 49.6 per cent to the city’s economic growth. Addedvalue for large-scale industrial product amounted to RMB305.26bn, representing growth of 7.7 per cent, while utilised foreign investment grew three per cent to US$1.63bn. The total recorded import and export value for the year was RMB154.1bn, representing 15 per cent of the province’s total trade. Quanzhou incorporates a complete range of industries, with the textile and garments, petrochemical, shoe, machinery, building materials, and food and beverage industries forming industrial clusters each worth more than one hundred billion US dollars. There are 2,308 enterprises (an increase of 141 over the previous year) with production value of over a billion dollars, followed by 189 (28 more than in the previous year) with production value exceeding a hundred-million US dollars. A special zone for the private sector Quanzhou has been chosen as one of the 18 regions for reform and opening up, one of the three regions for experimental national-level financial reforms, and a pilot base for consolidated reforms of the state- and privately owned economies. There are a total of 103 enterprises based in the city listed on securities exchanges outside the city, placing Quanzhou first among cities in the province and at the forefront of the nation’s prefecture-level cities. Capital of brands Quanzhou has earned many accolades for its brands, including the titles of “National Capital of Brands”, “Top Ten National Brand City” and “Demonstration City for National Trademark Strategy Implementation”. These titles attest to the fact that the city owns the largest number — a total of 154 — of nationally famous trademarks of any prefecture level city. It is also the first demonstration region for “Made in China 2025”. Culturally rich city With its rich historical legacy, it is only fitting that Quanzhou was among the first batch of 24 cities to be announced by the State Council as a “Famous Historical and Cultural City” and a “Museum of World Religions”. Quanzhou is also a multicultural demonstration centre set up by UNESCO. Quanzhou also possesses four registered UNESCO “Intangible Cultural Heritage” traditions at the international level and another 31 at the national level. Among them are the earliest Muslim temple in the country and the world’s only relic of Manichaeist Buddha stone cuttings. The city is also home to the oldest Taoist stone sculpture, as well as a temple and pagoda that are over a thousand years old. It is no wonder, then, that Quanzhou was honoured as the first “Cultural Capital of Eastern Asia” in August 2013. Point of departure for the Maritime Silk Road Quanzhou has been recognised as one of the origins of international maritime culture, and was undeniably one of the departure ports of the ancient Maritime Silk Road, as recognised by UNESCO in 1991. Marco Polo is said to have named it the greatest port inthe world and a “City of Light”. It is no wonder, then, that Quanzhou is listed as one of the pilot regions of the 21st Century Maritime Silk Road under the nation’s Belt and Road Initiative. A hometown for overseas Chinese Quanzhou is also the hometown of many overseas Chinese, with over 7.5 million people tracing their origins to the city living in 129 countries and regions all over the world. In addition to overseas Chinese, Quanzhou is also the primary ancestral homeland of the Han Chinese population of Taiwan, with nearly half of the Han population there, or ninemillion people to be exact, tracing their origins to Quanzhou. Moreover, since the reform and opening up of the country, Quanzhou has received more than 10 billion dollars in donations from compatriots in Hong Kong and Macau, representing 60 per cent of the total donations made to the province. A lovely place to live Quanzhou ranks among the top 10 cities in the country in terms of the satisfaction of its citizens. It continues to enjoy numerous honorary titles including “National Civilised City”, “National Sanitary City”, and “National Charming City”, and has won the “China Habitat Award”. The city is also scheduled to hold the 18th Gymnasiade in 2020. Titles of Quanzhou
Cultural Capital of Eastern Asia
Renowned Chinese city for overseas Chinese
Primary ancestral homeland of the Han Chinese population of Taiwan
The departure port of the ancient Maritime Silk Road
One of the first to be named as a renowned historical and cultural Chinese city
International garden city
Top Chinese city for tourism
National charming city
National captial of brands
China Habitat Awards
National sanitary city
National garden city
National model city for environmental protection
National model city for cultural development
National civilised city
One of China’s top 10 harmonious cities
One of the cities with greatest investment potential in 2012
Quanzhou Business Formation also can be understood as: Quanzhou company setup, Quanzhou corporate formation, Quanzhou business setup, Quanzhou company registration, Quanzhou business establishment and Quanzhou business registration.
To facilitate people who want to invest and set up business in Quanzhou, 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 LiaisonOffice 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 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, Shenzhen, Hangzhou and rest cities of China
Hong Kong Company usually been used as aSpecial 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 China 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
Since 2006, TCBC has been focusing on consulting services for our clients to invest in Quanzhou 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 Landacquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Quanzhou China, drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Quanzhou 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 setup consulting in Quanzhou now.
#Brief Introduction To QuanZhou#Set Up Business#Company Registration#Corporate Formation In Quanzhou
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The city of Quanzhou, in China’s southeastern province of Fujian, boasts one of the richest religious and ethnic blends in the country. For centuries, it was used by merchants traveling the ancient Maritime Silk Road. We look at how traces of the past are clearly visible today in the people of Quanzhou, and what the future holds for the city.
Quanzhou resident Ding Yi is a devout Christian. He always starts his day at the town church. And yet he traces his roots to Muslim immigrants.
“The ancestors of the Ding family in Quanzhou were Arab businessmen hundreds of year ago. They settled down here, married local women and expanded the family tree in this new land,” Ding said.
As the starting point of the ancient Maritime Silk Road, Quanzhou has always been a hub of cultural diversity. Tumen Street perfectly illustrates this blend of religions and ethnicities.
Many different religious institutions have stood side by side here in Tumen Street for hundreds of years. Followers of Islam, Buddhism, Taoism, Christianity and other religions practice their faiths while respecting others.
The Qingjing Mosque is the oldest in China, dating back to the early 11th Century. It serves as a testament to the enduring interaction between Quanzhou and the Arab world. Less than 100 meters away, the Guan Yue Temple blesses followers from near and far.
“Followers of different religious groups live in harmony in Quanzhou. You see, we’re old neighbors in this street. We know each other quite well,” said Wu Yuren, board office director of Quanzhou Tonghuai Guan Yue Temple.
What’s known as the Zayton cross was commonly used on the tombstones of Christians in Quanzhou. It incorporates elements from different cultures, including angels and lotuses.
“Most of the descendants of Muslim immigrants live the same as other locals, but they’ve kept their cultural identity. You can see that on special occasions, such as Ramadan and ceremonies to worship their ancestors. The city and local residents are very open-minded,” said Ding Yuling, head of Quanzhou Maritime Museum.
Now Quanzhou is looking forward. It hopes China’s plan to revive the Maritime Silk Road will open even wider its doors to the outside world.
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