Guangzhou Free Trade Zone is the ideal gateway for foreign investors looking to set up and run a company in China. Officially known as China (Guangdong) Pilot Free-Trade Zone, it is a free-trade zone in Guangdong province which near Hong Kong and Macau. The city’s geo-strategic location give enterprises an easy access to the entire Asian Pacific region. Below is a brief to Guangzhou Free Trade Zone.
Advantages of Guangzhou Free Trade Zone
1. Geographical location
Guangzhou Free Trade Zone has a distinct advantage: the geographic location. It has several major ports and is the Chinese gateway to both Hong Kong and Macau. As China pushes for the 21th century (maritime) silk road, Guangzhou fits the start of this route perfectly. Considered a leading industrial province, Guangzhou also counts with a huge electronic R&D sector. By exporting the huge number of products that has been produced in Southern China, the region has been on top of GDP ranking of Chinese provinces for two decades.
2. Robust infrastructure
A city’s infrastructure is often its biggest asset, and this is where Guangzhou well and truly separates itself from most cities in the world. For start-ups, the Guangzhou Baiyun International Airport catered to nearly 60 million people in 2016 alone (making it China’s third busiest).
As for local transport, the city’s highway is well-maintained, and connected to a plethora of different cities. Similarly, the city’s harbor, seaports, and railways all function at exemplary levels.
3. Government support
The Chinese Government understands the strategic importance of Guangzhou Free Trade Zone which is why it tries its level best to help business in the area. Not only do companies operating out of the region receive tax exemptions and lucrative deals, but they may also get grants and sponsorship from the government.
4. Hub of innovation, research and development
Guangzhou Free Trade Zone serves as one of the most important hubs of innovation, research, and development in the world.
For start-ups, the city’s Research and Development capabilities are unparalleled in China, with more than 120,000 innovative enterprises in the city. Similarly, the city has given rise to 209 distinct, innovative items (out of which 85 have been copied and implemented in other regions of the country).
How to Invest in the Guangzhou Free Trade Zone
A Guangzhou Company at Free Trade Zone is a commonly used investment vehicle for mainland China-based businesses. It is designed for businesses dealing with wholesale and retail. Company incorporated in Guangzhou Free Trade Zone can be 100% owned by foreign investors. The following business setup steps are for your reference.
1. Conduct market research;
2. Select a office location;
3. Choose a company structure;
4. Develop a business plan;
5. Prepare relevant documents;
6. Protect your intellectual property;
8. Open a bank account;
9. Hire of staff (if required).
Tannet offers investors coming to China a one-stop solution that allows for a quick start. We provide everything you need to conduct business in China, from company registration to intellectual property protection.
Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422 or 86-755-82143181 or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen South Rd, Luohu, Shenzhen, China.
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