Shenzhen WFOE Formation Service
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Shenzhen Free Trade Zone (Shenzhen FTZ) consists of four state-level development zones: Shenzhen Yantian Port Free Trade Zone (Shenzhen Yantian Port FTZ), Shenzhen Futian Free Trade Zone (Shenzhen Futian FTZ), Shenzhen Shatoujiao Free Trade Zone (Shenzhen Shatoujiao FTZ) and Shenzhen Yantian Port Bonded Logistic Park (Shenzhen Yantian Port BLP).
All four free trade zones are located in Shenzhen Special Economic Zone, which is endowed with special economic policies and flexible government measures. Shenzhen Shatoujiao FTZ, located in Shatoujiao Port 1 km from Yantian Port, was set up in 1987, and is the oldest free trade zone in Guangdong Province. Shenzhen Futian FTZ, approved in 1991, is located next to the Guangzhou-Shenzhen Expressway and is connected with Hong Kong via the Lok Ma Chau Bridge. Shenzhen Yantian Port FTZ and Shenzhen Yantian Port BLP, both located in Yantian Port, were approved as state-level development zones by the State Council in 1996 and 2004, respectively.
Shenzhen FTZ enjoys convenient transportation. Shenzhen Port was the fourth-largest port in the world in 2013 in terms of container throughput. Shenzhen Bao'an International Airport was the fourth-largest airport in mainland China in 2013 in terms of cargo traffic.
The zone is only one hour from the airport. Shenzhen is at the intersection of the Beijing- Guangzhou Railway and the Beijing-Kowloon Railway and is the starting point for the Shenzhen-Shantou Expressway and the Guangzhou-Shenzhen Expressway.
Investment Climate
Shenzhen is the largest export base in Guangdong Province. The export value of Shenzhen surpassed US$271.37 billion in 2012, accounting for 13.2% of China’s total and 47.3% of Guangdong’s total, respectively. Shenzhen has maintained its position as the largest exporter among all the cities in mainland China for 16 years. The foreign trade value in Shenzhen FTZ amounted to US$126.25 billion in 2012, accounting for 46.5% of Shenzhen’s total.
Shenzhen FTZ encourages investment in warehousing, logistics, trade and export processing. In 2012, its gross industrial output amounted to RMB 113.45 billion.
The utilized FDI in the zone has exceeded US$47.47 million. By 2012, about 40 Fortune 500 enterprises had invested in the zone. Major investors in the zone include Wal-Mart, IBM, Mitsui, Thomson and domestic firms like Lenovo. Lenovo Shenzhen International Information Products Corp, set up in 1994 by IBM and China Great Wall Group, has a factory in Shenzhen Yantian FTZ that mainly produces ThinkPad laptops and ThinkCentre desktops. In 2001, Kerry spent RMB 220 million to set up Shenzhen Kerry Yantian Port Co Ltd and build a 43,000-sq m logistics center in Shenzhen Yantian FTZ.
Convenient Transprotation
Shenzhen has land, sea and air checkpoints. Checkpoints in Shenzhen have the largest flow of people and goods in China.
Checkpoints
Shenzhen has 17 checkpoints. Luohu Checkpoint is China's busiest land passenger checkpoint, while Shenzhen Bay Checkpoint is the busiest land cargo checkpoint.
Customs
Shenzhen Customs is under the direct leadership of the General Administration of Customs of China. Shenzhen and Huizhou are both under the jurisdiction of Shenzhen Customs, which is also one of China's busiest customs agencies. It provides around-the-clock customs declarations for enterprises.
In 2010, 198 million people and 15.71 million vehicles crossed the border through Shenzhen checkpoints.
Shipping
By the end of 2010, Shenzhen Port has been home to 176 berths, with 69 capable of accommodating vessels above 10,000 tons and 44 for container ships.
In 2010, Shenzhen Port handled 220 million tons of cargo, up 15.59 percent from 2009. The container throughput rose 23.1 percent to reach 22.51 million TEUs, ranking fourth in the world for the eighth consecutive year.
A total of 230 international container routes go through Shenzhen, with 60 to America, 57 to Europe, 14 to Africa, seven to Australia, and 92 to other Asian cities. In 2010, about 24,353 container ships stopped over in Shenzhen.
Civil Aviation
Shenzhen Bao'an International Airport is a first-class civil airport and has become one of the country's four busiest airports. It operates 130 air routes. The number of passengers passing through the airport totaled 26.71 million in 2010. It handled 809,000 tons of cargo last year.
Railway Network
Shenzhen has an extensive railway network. Two arterial railways cutting across the Chinese continent, the Beijing-Guangzhou railway and the Beijing-Kowloon railway, meet in Shenzhen. A total of 166 pairs of trains commute between Shenzhen and Guangzhou, of which 110 pairs are express passenger trains. The Harmony Express runs at 5-minute intervals between Shenzhen and Guangzhou in peak hours. In terms of long-distance transportation, Shenzhen has regular train services to Beijing, Shanghai, Fuzhou, Guilin, Jiujiang, Wuchang, Yueyang, Zhengzhou, Changde, Xi'an and Shengyang.
Guangzhou-Shenzhen-Kong Kong Railway and Xiamen-Shenzhen Railway are under construction. The Shenzhen section of the Guangzhou-Shenzhen-Kong Kong Railway is expected to start operation in August 2011. The Shenzhen North Railway Station in Longhua Subdistrict, which started operation in June 2011, is expected to become a regional rail transport hub in southern China.
Shenzhen Metro
Phase I of the Shenzhen Metro was opened on Dec. 28, 2004. In June 2011, all the five lines included in Phase II of the Shenzhen Metro were opened, forming a 178-km Metro network. In 2010, Shenzhen Metro transported 163 million people, or 446,000 each day.
Road Network
Roads and expressways in Shenzhen form a network that connects the rest of the Pearl River Delta region.
By the end of 2010, Shenzhen had opened long-distance buses to all major counties and cities in Guangdong, Hong Kong, Macao and more than 20 provinces and regions in China. Shenzhen will play a bigger role as a road transport hub in the Pan-Pearl River Delta area with the integration of Delta cities and the expansion of the expressway network.
Bus transportation
In November 2010, Shenzhen signed an agreement with the Ministry of Transport to build Shenzhen into an exemplary city for public transport. By the end of 2010, the city had 12,500 public buses on 756 routes. Public buses were used by 2.44 billion people in 2010.
Fast developing economy
Shenzhen is among the top mainland cities for economic returns.
Economic Growth
In 2010, Shenzhen's economy maintained a healthy momentum of development. GDP grew by 12 percent to 951.09 billion yuan, and the total retail sales of consumer goods increased by 17.2 percent to 300.08 billion yuan. The foreign trade volume increased 28.4 percent to US$346.75 billion. The export volume increased 26.1 percent to US$204.18 billion, ranking first among the nation's large and medium-sized cities for the 18th consecutive year.
Economic Power
Shenzhen is fourth on the Chinese mainland in terms of economic power and one of the cities that has generated the biggest economic returns.
Shenzhen was second in an economic performance listing by the Brookings Institute and the LSE Cities. The Global Metro Monitor report published in November 2010, which examined data on economic output and employment in 150 of the world's largest metropolitan economies, showed that Shenzhen's economic performance was second in the world and first in China.
Fiscal Revenue
Shenzhen reported 110.68 billion yuan in local revenue in 2010, up 25.7 percent compared with the previous year.
Economic Status
Shenzhen is a link between the Chinese mainland and Hong Kong and a transport hub in coastal southern China. The city leads in high-tech, financial services, foreign trade, shipping and creative cultural industries. It has undertaken a mission to pilot China's structural reform and a broader opening to the outside world.
Beautiful environment
About half of Shenzhen's total area is within a nature protection area demarcation line for suburban parks. Forests cover 39.7 percent of the total land.
Environmental Protection
In 2010, the city's air quality reached Level 2 of the national standard. A total of 356 days were rated as "good" or "basically good." Drinking water quality reached the national standard. Standards were met for 100 percent of the drinking water in the city's major reservoirs. The non-hazardous treatment rate of urban waste was 94.6 percent.
Shenzhen has built a comparatively complete system to monitor environmental quality and sources of pollution. There are 29 stations automatically monitoring air, water and noise polluters at present. The city's online monitoring system has included 551 enterprises and 252 sites.
The city is speeding up the construction of China's pilot ecological city and a model city of low-carbon living. The world's first batch of electric taxis hit the streets in Shenzhen in 2010.
Ecological Garden City
Shenzhen, dubbed City of Parks, has a pleasant natural environment. It has 683 parks totaling 20,541 hectares. The urban greenbelt coverage in developed areas is 45.04 percent.
Nature reserves cover 30.65 percent of the city area. The area within the ecological protection line, 974 square kilometers in total, is under effective protection.
Shenzhen has won awards from domestic and overseas authorities, which include Nations in Bloom, UNEP's Global Top 500 Laureate Roll of Honor, National Hygienic City, National Model City for Environmental Protection, Model City for Protection of Ozone Layer, National Greenery Model City and National Brilliant Tourism City.
Greenway
In June 2010, Shenzhen launched a plan to build a greenway network. According to the plan Shenzhen will build a network of greenways totaling 2,000 kilometers in length, and residents will have access to a greenway within five minutes' walk. By the end of 2010, 335 kilometers of greenway had been completed and opened to the public.
Perfect infrastructure
Futian Free Trade Zone, Shatoujiao Free Trade Zone, and the southern part of
Yantian port Free Trade Zone have all completed such engineering as land levelling,
road construction, water supply, electricity supply, post and telecommunications, drainage, etc.
With all the perfect supporting facilities, the zones become a mature investment environment.
Investors pooling up
The three free trade zones in Shenzhen have attracted a remarkable number of investors from 25 countries and regions all over the world, among which are a lot of world-renowned multinational enterprises.
Like : IBM , JDS Uniphase , ECS , Chow Tai Fook , NITTSU , Sony ,
ITOCHU , Great Wall , OMRON , SUMSUNG , Wal Mart , Panasonic , Mitsui
ATAHK Group Limited is an expert in corporate formation, trademark registration and all the follow-up business-related activities. ATAHK was set up in Hong Kong in 2000. With ten years' development, the group has established a sound service network worldwide for the small and medium-sized enterprises, all the services are business-orientated and solution-orientated.
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