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
Sitting in southwestern Shanghai and at the northern shore of Hangzhou Bay, Shanghai Jinshan Development Park is a southern door of Shanghai and the Yangtze River Delta to the outside world. It is one of the largest nine city-level industrial zones with a planned area of 58 square kilometers. The design provided by Singapore Jurong Consulting Co., Ltd. embodies the latest international design concept, with the layout novel and the structure unique. Ecology and humanization are fully reflected in the whole planning. The development park is divided into one main center, one new Jinshan international community and two industrial parks. Biological medicine, electronic information, machinery manufacturing and fine chemical engineering are the main industries developed here.
Jinshan Development Parkenjoys convenient transportation and a favorable location. There are four highways in the park. Tingfeng Highway runs to Hangzhou and other cities in Zhejiang Province in the west and Pudong International Airport in the east. Xinfengjin and other highways lead to the downtown in the north, as well as Ningbo and other places in Zhejiang Province through Hangzhou Bay Bridge in the west. Jiajin Highway goes north to connect Huhang, Huqingping and Huning Highways. Tongsan Highway leads to Jiangsu and other provinces in the north and ends in Heilongjiang Province, as well as leads to Nantong and other cities in Zhejiang Province and ends in Hainan Province.
Boasting of unique location, flexible policies and good service, the development park will be actively devoted to the investment development, construction management, project application, business attraction service and relationship coordination. It sincerely welcomes domestic and overseas companies to invest and pursue development.
Facilities
Jinshan Development Parkwas designed by the world-famous Singapore Jurong Consulting Co., Ltd. Learning from the successful experience of many industrial parks, and taking into consideration the development plan of this park, the company has designed “two axes, two centers and two areas”. The water system and greenery are sophisticatedly arranged. The infrastructure projects including road, electricity, water supply, rainfall and waste water discharge, natural gas, telecommunication and broadband, all of which meet high standards. It is planned to build a new Jinshan international community that integrates various functions like living, education, business, conference and exhibition, and leisure and entertainment. The eco-friendly, personalized, modern and internationalized development concept will be sufficiently embodied in the construction of the community.
Two axes: an S-shaped north to south road and the east to west Zhulu Road
Two centers: a main center of the development park and a sub-center
Two areas: the eastern standard manufacture area and the western living auxiliary area of R&D technology
Transportation
Jinshan Development Parkis located in the east of Jinshan District and at the center of Yangtze River Delta economic ring. It is surrounded by Tingfeng Highway, Jiajin Highway, Caolang Highway and South Songwei Road, adjacent to Xinfengjin Highway, Huhang Highway, Tongsan Highway, 320 National Expressway, Huhang Railway and Jinshan Railway branch. It is an important traffic hub of Shanghai to radiate to Jiangsu, Zhejiang, Jiangxi, Fujian and other provinces. It takes great advantage in geographical location: 48 kilometers from the city’s downtown area, 42 kilometers from Hongqiao International Airport, 58 kilometers from Pudong International Airport, 60 kilometers from Yangshan Deepwater Port, and 33 kilometers from Hangzhou Bay Bridge.
Characteristics
As an industrial base, Jinshan Development Park lays emphasis on the development of high-tech industries like electronic information, machinery manufacturing, biomedicine, new material and R&D technology. A business investment service team was build up following the Jinshan spirit of “creativity is as precious as gold, integrity is as enormous as mountain”, so as to provide one-stop service for enterprises in terms of investment consultation, procedures, project construction, etc. The enterprises settled in the park can also enjoy the favorable policies for city-level industrial zones, having an overall saving on business cost and improving their investing efficiency.
To facilitate people who want to set up company in Shanghai Jinshan Development 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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