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Guideline To Incorporate Business In Beijing, Offer Complete Range Of Company
Set Up Corporate Formation Business Registration Services In Beijing China
Beijing is the capital of the People's Republic of China. The municipality is under direct
administration of China's Central Government. The city is the center of politics, culture, and
international exchanges, as well as one of the largest metropolises of industry, finance and trade
There are ten districts and eight counties under the jurisdiction of Beijing. There are Dongcheng,
Xicheng, Chongwen, Xuanwu, Chaoyang, Haidian, Fengtai, Shijingshan, Mentougou and Fangshan
Districts, as well as Changping, Shunyi, Tongxian, Daxing, Pinggu, Huairou, Miyun and Yanqing
Currently, Beijing is the country's largest science and technological, and cultural hub. The region
has more than 400 national research institutes. The Chinese Academy of Sciences and the
Chinese Academy of Engineering Science has more than 400 academicians in Beijing. The city
boasts more than 70 universities and colleges including the renowned Beijing University and
Beijing features a solid industrial foundation and strong overall economic power. Since 1990, the
GNP (gross national product) of the city has been steadily increasing at an annual rate of 11 %. In
China, its overall economic power is next only to Shanghai.
Beijing is the location of the headquarters of the People's Bank of China, the central bank, as well
as many other major financial and insurance institutions in China. The city plays a significant role
in implementing the country's financial guidelines and policies, and in the decision-making and
adjustment of the macro-economic policies. Consequently, the city has great attraction towards
international capital and financial institutions.
Beijing is also a Chinese city that attracts large amounts of investment from transnational
corporations. In the recent years, more and more transnational groups are choosing Beijing as
the destination to establish Sino-foreign contractual joint ventures or their regional headquarters.
Of the 270 transnational and world-renowned corporations that have invested in Beijing, 126 of
them are among the world's top 500 industrial giants or service companies. So far, these
companies have registered 5,600 representative offices in Beijing, representing more than 80
countries and regions, which is a first in China. All these have laid a solid foundation for the city's
further opening up to the outside world.
To facilitate people who want to invest and set up business in Beijing, 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 registered capital and it's liability of equity , can generate income,
pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise
in China which is 100 percent owned by a foreign company or companies can be called as WFOE.
Representative Office (RO) is a Liaison Office of it's parent company. It requires no registered
capital. It's activities would be: product or service promotion, market research of it's parent
company's business, Quality Control liaison office etc in China. RO generally is prohibited to
generate any revenue nor generating contracts with local businesses in China.
Joint Venture (JV) is a Limited liability company formed between Chinese investor and Foreign
investor. The parties agree to create a entity by both contributing equity, and they then share in
the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to
engage the so called restricted in areas such like: Education, Mining, Hospital etc.
Since March 1, 2010: Measures of Establishment of Foreign Invested Partnership Enterprises
(FIPE) in China is taking 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 Beijing, Beijing, Shenzhen, Hangzhou and rest cities of
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 (MainlandChina 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 Beijing 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 Beijing
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
Beijing China, drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Beijing 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)
-Hong Kong Holding Company.
Please visit: http://www.tommyconsulting.com/CorporateFormation.html
Email: email@example.com, Skype: tomleeli
WhatSapp/Wechat/Cell Phone: +86 18926401128