Beijing Investment Service
Hotline: 86-755-82143348, Email: anitayao@citilinkia.com
Beijing - the capital of The People's Republic of China is China's political, cultural and international exchange centre, it’s a comprehensive industrial city. With a city area of 16,410.54 square kilometers, the city's resident population of 1,633 million people. CPC Beijing municipal government put forward the "capital economy" concept. Beijing's economic development based in Beijing, serves the entire country assists the rest of China to face the world, it has experienced rapid economic growth. In terms of economic strength it ranks first in mainland China.
Beijing is China's important financial centre and business centre, the country's financial macro-control department transferred the PBOC, CBRC, CSRC, CIRC to Beijing. Including the Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China, including four state-owned commercial banks, China's major commercial banks, the National Development Bank, China Agricultural Development Bank and other policy-related banks. A large number of foreign multinationals have established regional headquarters in Beijing. Currently in Beijing, foreign representative offices in Beijing hare more than 7000. The world's largest 500 multinational corporations have invested more than 160billion in Beijing.
Beijing Zhongguancun has more than 17,000 foreign students.who use the new innovation centre. Zhongguancun was a brilliant creation. Every 4.8 minutes the birth of an enterprise occurs.Large companies are opened every 3.6 days, and are among the ranks of annual sales income of hundreds of million. Today, Zhongguancun has become a veritable "China's Silicon Valley." Beijing city's economic and technical classes, high-tech industrial categories, types, etc. Industrial Park features a total of 28 types of development zones.
Beijing Investment Guide- investment environment
2007 Beijing GDP 935.33 billion yuan, an increase of 12.3%. Per capita GDP reached 58,204 yuan, in mainland China after Shanghai. Beijing first, second, the tertiary industry respectively reached 98 billion, 221.72 billion and 540.51 billion yuan (2006), the third industry scale ranks first in China, accounting for the proportion of GDP reached 70%. The disposable income of urban and rural residents in the year 19,978 yuan, compared with 12.2% real growth in 2005, the disposable income of rural residents 8620 yuan, the actual increase of 8.7%. Beijing residents have higher spending power,
2006 full-year total retail sales of social consumer goods to 327.52 billion yuan, up 12.8%. According to conservative estimates 2004-2008 five-year period, total retail sales of social consumer goods to Beijing reached 13,000 yuan, nearly 300 billion yuan market increments. In the State Council approved the "Beijing Urban Master Plan (2004-2020)," Beijing has been defined as "the national capital, international city, cultural city, livable city."
Beijing Investment Guide-investment incentives for foreign investors
1. China’s capital Beijing is strongly influenced by the world. The National Party, government, and military heads of agencies and national corporate headquarters, trade associations, financial institutions, the headquarters. CPC Central Committee and State Council in Beijing, the formulation of national development, the major principles and policies, leading the country's modernization. Beijing's international and domestic official and social exchanges busy every day and release a large amount of economic and social information, reflecting China's direction & development.
2. Beijing has the most advantages location wise in China, the city of Beijing’s centre, embraces the Liaodong Peninsula, Shandong Peninsula, including Beijing, Tianjin Bohai economic circle, industrial base, rich in natural resources, population density, market potential is huge, China's future economic development is most active and continues to have high development potential of all regions.
3. Beijing is the country's financial decision-maker and home to the macro-control centre. The central bank and other policy banks, commercial banks, commercial insurance and other major financial institutions headquartered in Beijing, involving the country's monetary and financial policy formulation and promulgation systems.
4. Beijing is China's most prosperous and developed city, and home to the most progressive scientific, educational, and cultural facilities. Having a wide range of disciplines, and its research fields also have strong capability in natural sciences, technical sciences and social science systems. It is known as the country's largest domestic and international research base and is an important dissemination centre for scientific and technical information. Beijing residents in China, hold the highest levels of education. Fourteen in every 100 people have higher education qualifications. These talented and educated Beijing residents are accelerating the pace of large-scale constructions of cultural facilities.
5. Beijing has China's highest level of urban infrastructure modernization. Beijing City’s transport routes extend in all directions, leading to the surrounding areas of Jingjintang and Shijiazhuang. The airport highway forms the skeleton of a modern transportation system. Beijing newly built West Railway Station is Asia's largest railway passenger transport centre. Beijing Capital International Airport is the country's largest airport. Routes connecting the world. Beijing has become China’s and other countries central postal service, a major hub of communications. Installed local telephone capacity has reached 4.62 million.
6. Beijing is China's overall economic strength. Beijing has a strong foundation. Its system integrity of the secondary industry, especially the reform and opening up the past two decades, has ensured that secondary industry maintains a high growth rate. Currently, Beijing is adjusting the industrial layout structure with the focus on positive developments. High-tech industries and light, low-power, and non-polluting new industries. Beijing's agricultural technical level of the country. Beijing development of the tertiary industry has been much faster than other industries, and is the leading industry supporting the economic development of Beijing.
7. Beijing is an internationally renowned tourism tourist destination, and as a famous cultural city, its cultural relics and scenic spots are numerous. There there’s the rich and colorful folk culture of Beijing. ‘Guozijian Ancient Street Culture’. ‘The White Cloud Temple festival’ and other folk activities all located in important areas. Beijing's foreign affairs hotels spread widely, raising the alrady high standard of tourism services. Hence, the tourist reception capacity intake continue’s to grow.
8. Beijing is China's leading international exchange centre. Beijing is central to China's reform, broadening the channels of foreign relations and expanding the export-oriented economy arm. Beijing actively attracts foreign multinational corporations in Beijing. These establishments are holding companies or are regional headquarters based in Beijing.
Beijing Investment Guide-Beijing's development strategies, priorities and investment directions:
1. Give priority to the development of high-tech industry, which is Beijing's economic development wrapped in a long-term strategy, Beijing will continue to vigorously introduce international advanced technology, increase R & D investment to accelerate the industrialization of scientific and technological achievements and foster high-tech industry group to promote the technology industry internationalization. Beijing to encourage high-tech joint-venture cooperation, and promote high-tech exports, is the focus of science and technology for opening up, Beijing will actively fostering electronic information industry, biological engineering and new medicine, optical integration, and new materials, such as four new high-tech industries .
2. In the next 12 years there will be a further speeding up of the modernization of urban infrastructure. Beijing should continue to improve the infrastructure, water supply, gas supply, heat supply. electricity, transport, environment. Along with other systems such as the focus on building a number of economic and social developments concerning major projects to greatly improve the urban environment. The urban service functions have improved significantly. Beijing will continue to expedite the transformation of urban roads to maximize the development of the city and the neighboring provinces and cities in suburban traffic.
3. The strengthening of industrial and enterprise reform, focusing on the development of technology-intensive automotive, electronics, machinery and other pillar industries, and Beijing in the next 11 years to cultivate a large number of international and domestic brand-name products, the development of a group of international and domestic market, the advantages of strong enterprises, promote the rapid development of industrial enterprises in Beijing.
4. They are vigorously developing modern agriculture, ecological agriculture and sightseeing agriculture. These new types of agriculture are in line with Beijing's advantages, which have broad market demand. Encourage the promotion of science and technology, using the agricultural sector to actively develop fine agriculturally related products, improve the level of deep processing of agricultural products as well as value-added products.
5. The establishment of services to the capital, the whole country and the world, structural optimization, full-featured system for the tertiary industry. Beijing will vigorously develop tourism, finance and insurance, transport and postal communications; development and improvement of commercial services; actively cultivate information consulting industry and international trade, and the steady development of real estate.
6. To increase residential housing construction and urban inhabitable house intensity. Beijing will develop specific policies to encourage foreign investment in residential construction of Beijing residents take part in city inhabitable houses.
Beijing Investment Guide-business investment
An open investment environment, Beijing has attracted more than 90 foreign countries and regions came to Beijing to invest in BVI professionals for overseas persons (Hong Kong, Macao and Taiwan) to invest in China and the Chinese mainland enterprises to invest overseas to provide one-stop, personalized consulting services.
1. WFOE
Foreign-owned enterprises refer to foreign investors (including Hong Kong, Macao and Taiwan investors), according to "The People's Republic of China Foreign Law" and other relevant laws, set up by domestic investors in China, all capital from foreign investors to beinvested in businesses. Foreign investors refer to the foreign enterprises, individuals or partners (including Hong Kong, Macao and Taiwan). Foreign-funded enterprises can enjoy the income tax "two exemptions and three reductions" of preferential policies, high-tech enterprises can also enjoy more benefits. Frequently asked professionals for overseas persons (Hong Kong, Macao and Taiwan) to invest in enterprises in China to provide one-stop, personalized consulting services.
2. Representative Office
For some test just to enter China market, foreign-funded enterprises set up representative offices is a better solution. Representative offices of foreign enterprises, foreign enterprises in China, also known as permanent representative offices of foreign companies in China set up a representative office is the parent company in the country's business liaison. Frequently asked professionals for overseas persons (Hong Kong, Macao and Taiwan) to invest in enterprises in China to provide one-stop, personalized consulting services.
3. joint venture
Joint venture means that Chinese joint ventures with foreign joint ventures in accordance with Chinese law, invest in China and jointly operated in accordance with the ratio of investment to share profits, share risks and losses of enterprises. Chinese enterprises to foreign companies or investors can rely on the overseas market to expand the market, foreign companies and investors can also be faster and better through the Chinese enterprises to enter the Chinese market. Frequently asked questions for business professionals to provide no national boundaries, across industries, one-stop, personalized business consulting services.
Beijing Investment Guide-Beijing transitional preferential corporate income tax
Enterprise according to the original tax laws, administrative regulations and administrative rules and regulations have the effect of document provides for the enjoyment of the enterprise income tax preferential policies, according to the following approach to implement the transition:
Since January 1, 2008 onwards, the former enjoy the enterprise income tax of "two exemptions and three reductions" and "five of five half-free" and other preferential corporate tax reduction on a regular basis, the new tax law comes into force, continue according to the original tax laws, administrative regulations and relevant document provides the incentives and the enjoyment of life until their expiry, but did not enjoy the tax benefits but have not yet profitable, and its benefits for the period from the date of 2008.
Beijing Investment Guide-The talent market
Beijing brought together a large number of overseas-educated people, particularly high-tech, high-capacity talents. In order to enable enterprises to fully utilize the rich talent market Beijing, Frequently asked a series of carefully tailored for the enterprise human resources management, information kits, as well as more enterprises to strategic development solutions for the enterprise to provide professional and comprehensive consulting services.
Beijing Investment Guide-work visas
The Chinese government on the employment of foreigners in China to implement licensing system. In Beijing, the employing unit should be the employment of foreigners in Beijing after entry to the labor and social security department in employment, approval procedures, to obtain "employment permit for foreigners" and foreign residence documentation before employment in Beijing. Frequently asked questions to help staff and management personnel stationed in foreign-funded enterprises apply for work visas for overseas people who work without distraction.
Beijing Investment Guide-Opening bank accounts
Any business or individual in Beijing, open a bank account without any restriction, may, at any one domestic bank or the Netherlands, Standard Chartered and a number of foreign banks to open accounts. Frequently asked various banks in Beijing have close business contacts, select the frequently asked questions can make you open a bank account more convenient and faster.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com.