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Benefits of Investing in Beijing

Update Date:2021-4-25 11:21:16 Source:BeiJing Tannet Views:39

Beijing is the capital of the People's Republic of China. It is also the political center, cultural center, international communication center, and scientific and technological innovation center of the country. Almost all major government institutions have set place in Beijing, including the National People's Congress and the State Council.


Beijing is also set to be the demonstration zone of China by the State Council, and so far, is the only city that has the policy. The demonstration zone-Beijing is planned to realize upgraded facilitation in terms of trade, investment, cross-border flow of capital, employment, transportation, as well as the safe and orderly flow of data.


Advantages of Beijing Corporate Setup

1. Beijing is dedicated to building a National Comprehensive Demonstration Zone and the Beijing Pilot Free Trade Zone for expanding the opening-up of the service sector and scientific and technological innovation sector respectively. For example, the added value of the tertiary industry was 295.425 billion yuan, up 6.4 percent compared with last year.


2. Beijing enjoys an open economy. Both import and export value in 2019 witnessed an increase of 24.1 percent and 23.0 percent respectively. Beijings market consumption is also huge. In 2019 it reached 2.54059 trillion yuan, an increase of 7.4 percent over the previous year.


3. The authorities have shortened the online registration process from the previous 15+ days to five days after submitting an online application. An estimated 10,000 enterprises have obtained electronic business licenses in Beijing.


4. Personal savings: The Beijing government is now offering free official chops for newly-established enterprises. Enterprises in Beijing are expected to save a total of RMB 60 million annually after reducing setup costs.


5. The authorities are now able to provide approval for automatic import and export licenses within one day, compared to the old five-day processing time.  


6. Intellectual property: The government has enacted the Foreign Investment Law on January 1, 2020 to ensure the enforcement of intellectual property rights and other fair treatment to foreign investors.


7. To attract foreign investors and global talents, the authorities will help their family members to obtain medical and endowment insurance and local school placement for children. As the forefront of Chinas major cities, Beijing enjoys great infrastructure and security advantages which benefit and secure each residents life quality in Beijing. 


Tannet Group Limited was established in Hong Kong by Carlson Chan in 1999. Over 22 years of development, Tannet has assisted international investors through the whole business process. With the help of tax and accounting specialists, we are here to help you navigate China's legal and regulatory system.

 

1.Beijing/Shanghai/Hongkong/Guangzhou/Shenzhen/Dongguan/Hainan/Quanzhou/Yiwu/Xiamen/Chengdu/Nanchang/Horgos WFOE Registration

2. China Work Permit Application & Z Visa

3. Intellectual Property-Brand/Trademark/Copyright/Patent Registration

4. China Payroll Compliance & Tax Service

5. One-Stop Service-China Services, China Investment, China Solutions


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Address: Rm 1902, Bldg 17, Jianwai SOHO West, No. 39 Dongsanhuan Rd, Chaoyang Dist, Beijing, China

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