Shanghai is located in the Yangtze River Delta. The municipality sits on the southern edge of the estuary of the Yangtze River in the middle portion of the East China coast. It borders the provinces of Jiangsu and Zhejiang to the north, south and west, and is bounded to the east by the East China Sea.
Shanghai is the commercial and financial center of China, and ranks 5th in the 2018 edition of the Global Financial Centres Index (and third most competitive in Asia after Singapore and Hong Kong) published by the Z/Yen Group and Qatar Financial Centre Authority. It also ranks the most expensive city to live in Mainland China, according to the study of Economist Intelligence Unit in 2017. It was the largest and most prosperous city in East Asia during the 1930s, and rapid re-development began in the 1990s. This is exemplified by the Pudong District, a former swampland reclaimed to serve as a pilot area for integrated economic reforms
Shanghai Baoshan Industrial Park is a municipal level industrial park established on February 21, 2003, with the approval of Shanghai municipal government. Approved by the district Party committee and government of Baoshan, its Party Affairs Committee and Management Committee were established on March 28, 2003 and Shanghai Baoshan Industrial Park Investment and Management Co., Ltd. in June 2003. The industrial park is located in the northeast of Shanghai and the frontier of Yangtze River Delta, with Yangtze River port to the east, Luodian to the south, Jiading Technology Town to the west and Taicang City to the north. Surrounded by North Yunchuan Road, Hutai Road, Xinchuansha Road and Shitai Road, the industrial park will cover an area of 23 square kilometers when fully developed. With new industrialization driving urbanization as its development concept and building a comprehensive industrial zone deriving from Shanghai’s fine steel industry as its development theme, Baoshan Industrial Park not only enjoys preferential policies for fine steel bases and new township building, but also boasts professional consulting team that provide full life-cycle services to companies. Furthermore, it is also considered as a manufacturing and logistics hub that connects seaways, railways and waterways. Upon completion, the road network in the industrial park will consist of three north/south-running roads, three east/west running ones and two ring-shaped ones, connecting to arteries such as inner-ring, outer-ring, suburban-ring and metro lines. There will be three river courses running through the park into the Yangtze River and other rivers in Jiangsu and Zhejiang. The park is 10 kilometers away from the suburban-ring, 15 kilometers away from the outer-ring, 20 kilometers from the inner-ring, 11 kilometers away from the railway marshaling station, 28 kilometers from People’s Square downtown, 35 kilometers away from Pudong International Airport, and 34 kilometers away from Hongqiao International Airport. As planned, metro line M1, M3 and M7 will extend into the north.
With highly efficient planning, investment, construction and services, Baoshan Industrial Park strives to be platform for companies’ sustainable growth. Over 30% greenery coverage makes the park additionally refreshing. Phase by phase, the park will be facilitated with transportation, water supply and drainage, sewerage, postage, heat, gas and telecommunications. The park encourages investment in industry derived from fine steel, metal equipment, new material R&D and manufacturing, electronics and appliances, logistics and commerce, and puts an emphasis on technological and environment-friendly industries that are sophisticated, highly value-added and sustainable. Projects of R&D, manufacturing, processing, services and commerce are abundant in the park.
Baoshan Industrial Park encourages investors from home and abroad to set up projects in conformity with the requirements of famous brands of the secondary and tertiary industries, export-orientated and export processing enterprises, products that are of high input, output and high tech, and businesses in modern industry, business, logistics and services. Companies that meet standards below are especially welcomed:
1. With qualifications prescribed by the park;
2. Annual revenue no less than $100 million;
3. Headquarters or parent companies with over 300 employees;
4. With branches or offices set up outside of the home country.
The park will work with relevant departments to build a one-stop platform to provide companies with full life-cycle services.
To facilitate people who want to set up company in Shanghai Baoshan Industrial Park, here is an introduction of Types of business presence in China:
Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise(WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.
Wholly Foreign 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) isaLiaison Office of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China.
Joint Venture (JV) is aLimited 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 Shanghai, Beijing, Shanghai, 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 Shanghai 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 Shanghai 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 Shanghai China, drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Shanghai China. We offer a range of company formation services including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE )
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)
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