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 is the birthplace of a Chinese
shipbuilding industry, and in possession of 19 shipbuilding enterprises now,
including four major key shipyards, namely Jiangnan Shipbuilding (Group)
Corporation, Hudong Zhonghua Shipbuilding (Group) Corporation, Shanghai
Waigaoqiao Shipbuilding Corporation, Shanghai ChengXi Shipbuilding Co., Ltd,
and 23 relevant mating enterprises, 11 research institutes, 2 universities. It
has about 3,500,000 tons shipbuilding productivity per year, accounting for
more than 40% of the whole country. The products mainly include the oil
carrier, bulk cargo ship, chemicals ship, roll-on-roll-off ship, load and
unload ship, large-scale LPG ship, large-scale container ship, large-scale
self-unload ship and high speed ship, etc. civil boat and ocean engineering,
and ship auxiliary equipment, such as low-speed, moderate speed diesel engine,
large-scale forging piece, ship stencil plate, etc., which have formed the
product series of many varieties and many grades.
According to a new development plan, the
Shanghai shipping industry is changing the whole strategy, moving from the
Huangpu margin to the entrance of the Yangtze River and relying mainly on the
Changxing Island. In the entrance of the Yangtze River, the Shanghai shipping
industry base has been formed from the Changxing Island shipbuilding base,
Waigaoqiao shipbuilding base and Chongming shipbuilding industrial base.
The Changxing Island shipbuilding base
is regarded as a general plan of the China Ship General Co. With 1 kilometer
away from the downstream of the Xinkai Harbor as a start point, the about 8 km
long shore is all used for shipbuilding. It plans to build 7 large shipyards to
form shipbuilding capacity of 8 million tons.
The Waigaoqiao shipbuilding base plans
occupied land of 2,100,000 square meters with gross investment at the first
stage of the project is 3,214 million yuan, and its planning occupied area is
1,440,000 square meters, which has passed completion acceptance on October 18,
2003 and has formed basically shipbuilding capacity of 1,050,000 t.
The Chongming Ship Repair Base of the
Shanghai ChengXi Shipbuilding Co., Ltd has a planned area of 1,510,000 square
meters and shore of 2350 meters long. It plans to build one 150,000 ~ 200,000
t, one 100,000 t and one 40,000 t floating dock, 70,000 t half-floating
slipway. The shipbuilding capacity will be 1,500,000 tons after being
completed.
The main target of 2010 is to have
8,000,000-ton-shipping vessel-building capacity, which will be 1/6 of world
total capacity. In 2015,the total ship building capacity will be 12,000,000 ton
with the most competition ability in the domestic market. It will become the
shipping-vessel-building base with international influence
To facilitate
people who want to set up company to invest Shanghai Shipbuilding industry, 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
aLimitedliability 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 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 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)
Contact
Tom Lee to set up company to invest Shanghai Shipbuilding industry
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