Ningbo English Speaking Lawyer trademark attorney patent attorney From Chinese Intellectual Property Law Firm Offer IP Legal Services in Ningbo And Other Yangtze River Delta Area

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.

Ningbo serves as the economic center for the southern Yangtze River Delta and has been ranked among the most competitive cities in China. The municipal government of Ningbo encourages foreign investment and various multinational corporations (MNCs) have established operations in and around Ningbo. In 2013, Ningbo’s GDP reached US $108.3 billion (RMB 712.89 billion), up 8.1 percent year on year with an annual growth rate of 9.26 percent. Ningbo’s exports totaled US $65.7 billion while imports amounted to US $34.6 billion. The city ranked second in economic performance for Zhejiang province in 2014, trailing only Hangzhou

Ningbo has a sister city relationship with four cities in the U.S. – Wilmington, Delaware (1988), Houston, Texas (2000), Milwaukee, Wisconsin (2006) and Norfolk, Virginia (2013).

With rapid economic and scientific development shaping the commercial landscape in China, protecting ideas and innovation is the key to safeguarding China’s market competitiveness and an emerging generation of entrepreneurs. Offering strategic commercial solutions and an enviable track record in disputes, we work with you to solve your most significant challenges across patent, trademark, intellectual property (IP) legal and IP litigation

With rapid economic and scientific development shaping the commercial landscape in China, protecting ideas and innovation is the key to safeguarding China’s market competitiveness and an emerging generation of entrepreneurs. Offering strategic commercial solutions and an enviable track record in disputes, we work with you to solve your most significant challenges across patent, trademark, intellectual property (IP) legal and IP litigation

We work with Chinese intellectual property law firm that help clients worldwide protect their Chinese intellectual property rights through patent, trademark, and copyright services, as well as through litigation when necessary. Our experienced attorneys and technical experts can assist you even in the most difficult Chinese intellectual property cases. In fact, those challenging cases are our specialty. We also know that many of our clients may be intimidated by the complexities of Chinese IP law, and that is why we are prepared to not only protect your ideas, but also to help you understand those rules and restrictions.

If you have intellectual property, you need to take the steps now to protect it in China in order to maintain ownership of this valuable asset and to prevent others from misusing your innovation. The best protection is prevention. Through our computerized management, advanced communication, and competitive pricing, our specialized legal team will secure your rights, your financial compensation, and your peace of mind. 

We provide legal consultation and services for the prosecution and litigation of patents, copyrights and trademarks, unfair competition and trade secret matters. Our legal associates are specifically qualified to assist clients with business matters concerning the acquisition, protection and exploitation of all forms of intellectual property.

Our IP Legal Services

Trademark

Trademark Legal Service

Trademark application agency

Report on trademark retrieval;

Advice on trademark application by trademark laws and regulations in China;

Application for trade mark.

Other Agency

Trademark inquiry, renewal, transfer, modification, authorization record, opposition, review, etc.

Trademark Infringement Combating

Against the manufacture, sales, publicity, payment and other aspects concerning trademark infringement.

Method: litigation, administrative complaint, trademark record in custom.

Copyright

Copyright Application

Copyright registration of literary works, fine works, software works, music works, etc.

Infringement Combating

Against any website infringing the copyright of literary works, fine works, software works, music works;

Scope: comprehensive combating on infringement related to the infringing website’s domain name, IDC hosting, website promotion, pay link and other aspects.

Method: lawyer’s letter, administrative complaint, litigation.

Policy Consultancy

Our attorneys are expert in China laws and administrative policies on copyright.

Other Services

Drafting, examination, modification on copyright contract and other legal documents related

Patent

Administrative Affairs

Drafting patent application, patent claims and other documents

Patent application;

Paten re-examination application, drafting application document, re-examination statement or reasons and other documents;

Invalid patent application, drafting application document, statement or reasons and other documents;

Communication and negotiation with patent officer in the process of patent application and dispute settlement.

Patent Strategy

Establishment of patent protection system, determination on the protection scope of peripheral patent and the establishment of patent pool.

Patent Transaction

Drafting and examination on the contract of patent sales, transfer and license;

Patent contract record and registration;

Investigation on patent ownership;

Assessment on patent value.

Litigation

Administrative litigation;

Infringement litigation;

Patent ownership confirming litigation.

Trade Secrect

There has promulgated no Trade Secret Law in P.R.C, while the regulations concerning trade secret are respectively provided in Anti-unfair Competition Law, Labor Contract Law and other laws or regulations, such complicated legislation makes it crucial for international companies in China to maintain the legality and effectiveness of any legal documents containing trade secret.

Drafting and Modification of Legal Documents

Localizing clients’ documents related to trade secret by China laws and regulations;

Drafting various legal documents concerning trade secret on clients’ demands, including the Confidential Articles of Association, Non-infringement Undertaking, Non-disclosure Agreement, Non-competition Agreement, Project Non-disclosure Agreement, Confidential Undertaking, etc.

Litigation

Acting in dispute of competition restriction, trade secret infringement, as well as criminal report and acting in crime of infringing trade secret case.

Field of business activities: Intellectual property (Copyright, Patent, Trademark, Trade Secret) ;Corporation affairs; Foreign investment).

Our lawyers have accumulated wide experience of IP Legal Services  in Ningbo And Other Yangtze River Delta Area

Yangtze River Delta cover following area:

Besides Shanghai, four cities in Jiangsu (Suzhou, Wuxi, Changzhou, Nantong) and five cities in Zhejiang (Hangzhou, Jiaxing, Shaoxing, Huzhou, Ningbo) were included. In 1992, a 14-city cooperative joint meeting was launched. Besides the previous 10 cities, the members included Nanjing, Zhenjiang and Yangzhou in Jiangsu, and Zhoushan in Zhejiang. In 1997, the regular joint meeting resulted in the establishment of the Yangtze River Delta Economic Coordination Association, which included a new member Taizhou in Jiangsu in that year. In 2003, Taizhou in Zhejiang also joined the association. In 2010, the association accepted six new members after a six-year observation and review, including Yancheng and Huai'an in Jiangsu, Jinhua and Quzhou in Zhejiang, and Ma'anshan and Hefei in Anhui. The total number of cities in the Yangtze River Delta Economic Coordination Association is now 22.[6] Some other cities that have been in consideration and in review include Wenzhou and Lishui in Zhejiang, Lianyungang and Xuzhou in Jiangsu, and Chuzhou, Wuhu, Tongling, Huainan and Xuancheng in Anhui.

Our service team has helped many international corporations to invest in China and protect their intellectual property rights.

Contact Tom Lee  if you need Ningbo English Speaking Lawyer trademark attorney patent attorney From Chinese intellectual property law firm Offer IP Legal Services in  in Ningbo And Other Yangtze River Delta Area

Brief Introduction To Ningbo-Wenzhou National Independent Innovation Demonstration Zone,Set Up Business,Company Registration,Corporate Formation In Ningbo-Wenzhou National Independent Innovation Demonstration Zone

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.

Ningbo and Wenzhou are two major cities more than 200 kilometers from each other in southeast Zhejiang province. In February 2018, the State Council approved the establishment of a national independent innovation demonstration zone in Ningbo High-tech Industrial Development Zone and Wenzhou High-tech Industrial Development Zone. 

The goal of the demonstration zone is to become a world-class new materials and intelligent manufacturing innovation center based in Ningbo, and a national-level life health and smart equipment innovation center taking Wenzhou as its core.

It aims to become a national private economy innovation and entrepreneurship incubator. By 2022, the research and development investment in the zone is expected to account for 5 percent of the total GDP of the two cities. 

Various research institutes in Ningbo such as the Ningbo Institute of Industrial Technology, CAS, help to bolster the new materials industry. While in Wenzhou, the construction of the State Key Laboratory of Optometry and Visual Science in Wenzhou Medical University and the rise of a large number of medical device companies have blazed a new trail in regional development.

Up to now, a series of innovation centers such as Ningbo Joint Academy of New Materials, Beihang University Ningbo Innovation Research Institute and the Life Science Innovation Center of Fudan University have been established. Several major technologies and strategic products have been developed. Implementation of projects such as the Beidou Industrial Base and the Digital Economy Industrial Center are under consideration.

To facilitate people who want to invest and set up business in Ningbo-Wenzhou National Independent Innovation Demonstration 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 )

-Representative Offices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for business registration in  Ningbo-Wenzhou National Independent Innovation Demonstration Zone now.

Brief Introduction To Ningbo Hangzhou Bay New Zone,Incorporate Business,Company Registration,Corporate Formation In Ningbo Hangzhou Bay New Zone

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.

Ningbo Hangzhou Bay New Zone is located on the south bank of Hangzhou Bay in Ningbo, Zhejiang province. It was officially founded in 2010 and approved as a national level development zone by the State Council in 2014.

Ningbo Hangzhou Bay New Zone has a planned land area of 356 square kilometers and a resident population of nearly 230,000. The zone has attracted 488 industrial projects and enterprises, including Volkswagen, Bosche and Unilever. 

Emerging industries such as automotive and key components manufacturing, smart appliances manufacturing, new materials and new energy have gathered at the zone. 

Since the establishment of the new zone, its GDP, gross industrial output value, total social fixed asset investment, fiscal revenue and other major economic indicators have been increasing at high speed with annual average growth rates staying around 25 percent.

In 2017, the GDP of the zone reached 45 billion yuan ($6.66 billion) and the gross industrial output value was 157.03 billion yuan. It generated fiscal revenue of 13.36 billion yuan and attracted 49 projects with total investment of 46.96 billion yuan.

To facilitate people who want to invest and set up business in  Ningbo Hangzhou Bay New 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 )

-Representative Offices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for business registration in  Ningbo Hangzhou Bay New Zone now.

Ningbo Foreign Investment Environment,Set Up Business,Corporate Formation,Company Registration In Ningbo China

Ningbo is a coastal city and second largest city within Zhejiang Province. Based on the Reform and Opening Up Policy 1978, Ningbo became one of the first coastal cities to be opened to foreign trade in East China. Ningbo's vibrant economy has grown significantly owing to its various manufacturing industries as well as abundant natural resources in the surrounding coastal areas.  

General

• Population: 5,780,000

Economy

• Primary industry (percentage of GDP): RMB 26,850 million (4.1 percent)
• Secondary industry (percentage of GDP): RMB 351,680 million (53.4 percent)
• Tertiary industry (percentage of GDP): RMB 279,690 million (42.5 percent)
• Total: RMB 658,220 million

• Total retail sales of consumer goods: RMB 232,925,900 million
• Total value of imports and exports: USD 96,572,690 million

Source: China 2013 Statistical Yearbook (uses 2012 statistics)

Business

• Minimum monthly wage: RMB 1,470
• Minimum hourly wage: RMB 12
• Avg. annual wage of staff and workers: RMB 43,308

Sources: Local Labor Bureau and Social Insurance Bureau (2013)

Ningbo is only 160 kilometers south of Shanghai, but it has suffered for more than a century from the fact that Hangzhou Bay stands between it and Shanghai. However, unlike Shanghai, Ningbo has a deep-water port and is rapidly taking advantage of the newly-opened Hangzhou Bay Bridge as an increased regional transport route directly to Shanghai.

Roads
The 36-kilometer long Hangzhou Bay Bridge opened to traffic in May 2008, and stretches across Hangzhou Bay to Shanghai, reducing driving time from four to two hours. The construction of two bridges connecting the Zhoushan Archipelago off Ningbo to the mainland was completed in 2008. One of these bridges, the 5.3 kilometer long Xihoumen bridge, is the second largest suspension bridge in the world after the Pearl Bridge in Japan. It links the Jintang and Cezi islands and allows the passage of ships weighing up to 30,000 tons. The Jintang Bridge, linking Jintang Island and Zhenhai at Ningbo, is 27 kilometers long and enables the passage of ships weighing up to 50,000 tons. The two bridges represent the second phase of a huge continent-island joint project, launched by Zhoushan in 1999, to link the Zhoushan Archipelago with the mainland via five bridges. Construction of the other three bridges has now been completed. The bridges shorten the journey from two hours to half an hour. 

Railways
The journey from Ningbo to Shanghai takes approximately three to four hours by rail and there are close connections to other major cities in China. There are two railway stations in the city, one in the north that handles freight and one in the south for passengers.

Air
Lishe Airport operates more than 40 domestic routes as well as international flights to foreign capitals such as Singapore, Bangkok and Seoul.

Ports & Waterways
Beilun Port is ideally located in the middle of the coastline of mainland China. The port is situated at the confluence of the north-south shipping line and the golden waterway of the Yangtze River. The Port of Ningbo has the largest number of deepwater berths in China. The Port of Ningbo is China's major transfer and storage base for containers, iron ore, crude oil and liquid chemicals. It also acts as a transfer base for coal, grains and bulk cargo in Eastern China. In 2011, Ningbo Port cargo throughput reached 433 million tons, ranking third domestically and sixth worldwide[1]. All of the top 20 global shipping companies have established offices in Ningbo Port.

City Infrastructure
In recent years the quality of the environment in Ningbo’s city center has greatly improved. The Ningbo metro system is expected to open in 2015.

The 12th Five-Year Plan (2011-2016) of Zhejiang province defines Ningbo as the “economic center of South Yangtze River Delta”. Government goals for the city include transforming it into a major base of advanced manufacturing, modern logistics, energy, and raw materials, as well as a center for shipping finance. The latter goal is based on Ningbo’s excellent natural deepwater port, unique among nearby cities.

Ningbo is a city that enjoys the same rights of economic management as a provincial government would. In 2012, Ningbo’s GDP reached RMB 652.47 billion and the GDP per capita was RMB 85,413. In 2012, the tertiary industry accounted for 42 percent compared to 20 percent in 2002. The tertiary industry in Ningbo is set to become a new engine for the city. Between January and November 2012, 391 foreign-funded projects were approved in Ningbo. Total investment amounted to USD 9.156 billion, representing a year-on-year increase of 7.1 percent[1].

Ningbo is an important industrial base and a major production base of grain, cotton, edible oil, and aquatic products. Industries include textiles, garments, machinery, petrochemicals, iron, steel, power generation and papermaking. Overall, the city has over 115,000 private enterprises. It is also considered to be the capital of stationery in China, with more than 800 companies producing one-third of China’s exported stationary products.

Ningbo has the capacity to refine 12 million tons of crude oil. It is also the largest injection molding machine production base in China, with around 50 enterprises accounting for 50 percent of the country’s annual production. The electronic industry is booming too, with more than 2,000 such companies registered in Ningbo. Ningbo Cixi is one of the three major home electrical appliance production bases in China – the turnover accounts for 30 percent of China’s total in this industry. With more than 3,000 factories in Ningbo, the city is a leading garment manufacturing city and has become the largest garment manufacturing base in China, accounting for 13 percent of the country’s total production.

There were 13,336 foreign-invested enterprises in Ningbo at the end of 2010. The scale of investment averaged USD 10.45 billion in 2010, which was up 130 percent year-on-year. Out of these enterprises, ten were valued at over USD 50 million, most of which were in the property sector[2].

Contrary to popular belief, the main focus of industrial development in Ningbo is not in the old city itself, but in Beilun City, which lies 27 kilometers to the east. This bustling city, which is about 45-60 minutes away from Ningbo, has expanded in recent years around the port and three major development zones – Ningbo Economic and Technological Development Zone, Ningbo Free Trade Zone, and Daxie Development Zone.

Beilun Port
Beilun Port is an ideal place for developing ocean-going transport to North and South America and Oceania. It has already built trade and transport relations with over 600 ports from more than 100 countries and regions in the world, and more than 100 inland Chinese ports. The business scope includes imported iron ore, containers, crude and finished oil, liquid chemical products, coal, and the loading/offloading, storage, and transshipment of other bulk goods.

On Daxie Island next to Beilun, there are 40 deepwater berths including three 100,000-ton capacity berths and one 70,000-ton berth, with an annual capacity of 2.5 million TEUs. Operations began in 2006, with a total investment of RMB 3.454 billion being provided by CITIC, the investment arm of the central government. With a growth rate of 13.6 percent year-on-year, the GDP of Ningbo Daxie Development Zone reached RMB 14.5 billion in 2010. In addition, on Jintang Island (part of the Zhoushan Archipelago just off Ningbo), new container facilities and 5 new container terminals with an annual handling capacity of 14.3 million TEUs are being built, with support from COSCO and other investors. As of March 2013, Ningbo has 230 shipping liners running up to 1,700 sailings through its port per month.

Ningbo Economic and Technical Development Zone
Ningbo Economic and Technical Development Zone (NETD) is among one of China’s earliest and largest national-level development zones. It was established in October 1984, and covers an area of 29.6 square kilometers. In 2012, 47 new foreign-funded enterprises were approved in the zone with a total investment accumulating to USD 2.070 billion. The contracted FDI amounted to USD 980 million and the actually utilized FDI reached USD 730 million in the same year. Around 38 percent of the zone’s FDI comes from Hong Kong, 13 percent from Japan, 18 percent from Taiwan, and 18 percent from other South East Asian Countries. The United States and EU account for a 9 percent share each. Many multinational companies, including Esso, Samsonite and BP, have chosen NETD to conduct business in.

Ningbo Free Trade Zone:
Established in 1992 and covering 2.3 square kilometers, this zone has several functions including export processing, international trade, bonded logistics, and commodity exhibition. In June 2002, the Ningbo Export Processing Zone (NEPZ) was added, covering a further three square kilometers. With special preferential policies, the NFTZ and NEPZ operate together “inside the territory, outside the customs”. In addition, the zone houses one of the new Bonded Logistics Parks. Currently, more than 6600 companies from about 60 countries have invested in the zone[1]. In 2012, 10 new foreign-funded enterprises were approved in NFTZ with total investment accumulating to USD 365 million. In 2012 the contracted FDI amounted to USD 141 million and actually utilized FDI reached USD 104 million.

To facilitate people who want to invest and set up business in Ningbo,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 )

-Representative Offices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for business registration in Ningbo now.