Ningbo is a harbor city in Zhejiang province and one of China’s most prominent ports. The Ningbo-Zhoushan port is the fifth-largest in the world and the third-busiest in China after Shanghai, Shenzhen and Hong Kong. It is bound by the East China Sea and Zhoushan Archipelago in the east, by Hangzhou Bay in the north, by Shaoxing in the west, and by Taizhou in the south. In 2007, the Hangzhou bay bridge was built, connecting Ningbo with its neighbors. Ningbo has established intermodal rail services that connect it to 13 inland ports. It also has the largest specialized dock for storing liquefied chemical products in China.
Geographical location
Xiangshan county, situated in the east of Zhejiang province and surrounded by sea on three sides, is home to hills, plains, coastlines and islands.
Xiangshan enjoys a subtropical monsoon climate with four distinctive seasons, which brings the region adequate sunshine, sufficient heat and plentiful rainfall.
Being part of Ningbo city, with population of 530,000, Xiangshan is the economic center in the south of the Yangtze River Delta, covering a land area of 1,175 square kilometers and an ocean area of 5,350 square kilometers.
As one of China's top 100 prosperous counties in term of comprehensive economic strength, Xiangshan has convenient traffic with an efficient transportation network on land and sea. It is three hours' drive from Wenzhou, and also three hours' drive from Shanghai crossing the Hangzhou Bay Bridge.
Natural conditions
Xiangshan has a coastline of 800 kilometers, with 608 natural islands and reefs.
Nature endows Xiangshan with ample tourism resources, giving it the reputation of being "the fairy county in the sea with all the views of a picture".
The whole county receives more than 100 million tourists from home and abroad every year, with tourism revenues exceeding 300 million yuan ($44.97 million).
Xiangshan enjoys a great investment condition as well as a sound and stable social environment. Recently, it has been listed as one of the nation's ecological demonstration counties.
Xiangshan is developing fast into a modern coastal city with good living conditions.
With a subtropical monsoonal and mild climate, Xiangshan's average temperature is 16-17 C and the annual average rainfall is above 1,250 mm. The rain is concentrated mostly in May or June --called the plum rain season -- and in August or September during the summer monsoon season.
The county has never registered an earthquake.
Traffic and Transportation
1) Highway
Xiangshan is less than one hour's drive from Ningbo city proper, from the quay of Beilun Port and from Ningbo Airport.
2) Railway
The total length of the interconnected railways in Ningbo is 186.7 km, which connect Xiangshan with Jiangxi province, Shanghai municipality, and Hangzhou city. In 2001, the freight transportation capacity by railway hit 12 million tons, while passenger transport exceeded 350 million.
3) Port
Container liners heading for 553 ports of 88 countries and regions around the world are available in Beilun Port, where regular international container liners serve Hong Kong, Taiwan, Japan, Southeast Asia, the Persian Gulf, Northwest Europe, and the east coastline of the USA.
4) Aviation
More than 30 national and regional air routes are available at Ningbo Lishe International Airport, which is among the busiest airports in China. In 2001, its passenger throughput hit 121 million, while the cargo throughput reached 22,000 tons.
Economy
The dominant industries in Xiangshan consist of fabric manufacture, aquatic product processing, electronics, food machinery, automobile fittings and mold processing. Xiangshan has a complete fabric processing industry, from knitting to floating, dying to printing, completing a full industrial chain. Globally sophisticated equipment has also been introduced in Xiangshan to make both medium-grade and high-grade knitting possible.
Shipu Port, a state level central fishing port, and Xiangshan Harbor, a natural deep water harbor, are located in Xiangshan. Industries, such as its port industry, aquatic product processing, and marine bio-engineering, have bright prospects for growth.
The agriculture in Xiangshan is typified by special fruits and vegetables, wild animal breeding and fish farming.
With a sound investment environment, stable and secure social order, tidy and reasonable layout, Xiangshan has been elevated to a model national ecological county. Xiangshan is embarking on the construction of a new modernized ecological city by the sea.
To facilitate people who want to invest and set up business in Ningbo Xiangshan Economic Development Zone,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 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 Establishmentof 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 Ningbo , Beijing, Ningbo , 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 Ningbo 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 Ningbo 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 Ningbo China, drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Ningbo 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 for business registration in Ningbo Xiangshan Economic Development Zone now.
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