SHANDONG CHINA


Introduction of Software Park

“Sino-India Software Industry Park” is constructed by Linyi Top Network Co. Ltd., which is located in National Linyi Economic and Technological Development Zone, Linyi, Shandong Province, China. Software Park covers an area of 90 thousand square meters; the total investment capital is 560 million yuan, with a total construction area of 110 thousand square meters. Software Park includes Research and Development Center, International Communication Conference Center and Expert Apartment. After the project completion and operation, Software Park will comprehensively develop the products and services of Internet of Things, Cloud Computing, and Embedded Software, Application Software, Software Outsourcing and Animation Production and so on. Software Park can enter more than one hundred software enterprises in domestic and overseas, and can accommodate more than 5000 software employees.

Research and Development Center (50 thousand square meters): Used for software enterprises R&D base, software enterprises research laboratories, production-study-research cooperation center, Indian software service outsourcing base, high-level talents entrepreneurial base, and provide other intermediary services.

International Communication Center (5 thousand square meters): Used for conference, exhibition, business discussions, meetings, technical discussions, results show, product promotion, project communication, culture, media and many other services.

Expert Apartment (5.5 thousand square meters): Built multi-story residential apartments, mainly for life, accommodation, shopping, sports, entertainment and so on of high-end specialist and software enterprise staff.

Preferential policies for enterprises in the park

Preferential polices of Sino-India Software Industry Park

  • All enterprises in the “Soft park”will enjoy preferential polices of National Economic and Technological Development Zone.
  • Work place will be offered rent-free for two years to enterprises in the “Soft park”
  • Enterprises will be provided city cloud computing center and will be able to enjoy the high quality cloud services
  • Enterprises will be provided staff housing and they can enjoy low-cost housing policy of Development Zone.
  • Enterprises will be provided city cloud computing center and will be able to enjoy the high quality cloud services

Preferential polices of Linyi Economic and Technological Development Zone

(Simplified version of 2014)
The enterprises registration and taxation in Development Zone (subject to the prescribed conditions) will enjoy the following policies:

  • Enterprises to introduce high-level talent policy For the project lead people who get first prize of National Technological Invention and Technology Progress          Award, will reward 1 million yuan, and for the project lead people who get second prize, will be rewarded 500 thousand yuan.
  • Enterprises listed financing policy For the enterprises listing in domestic and overseas, will give 50 thousand yuan and 20 thousand yuan reward          respectively.
  • Enterprises will be provided city cloud computing center and will be able to enjoy the high quality cloud services
  • Enterprises will be provided staff housing and they can enjoy low-cost housing policy of Development Zone.
  • Enterprises will be provided city cloud computing center and will be able to enjoy the high quality cloud services

Enterprise technology innovation policy

  • For the enterprises that successfully applied for invention patent, will be given 4 thousand yuan subsidy, and software copyright subsidies of 2 thousand          yuan, utility model patent subsidies of 1 thousand yuan. For the new recognition double software enterprises and service outsourcing enterprises, reward of          50 thousand yuan, and for CMM (CMMI) certified software enterprises, reward of 100 thousand yuan will be given.
  • For the new recognition high and new technology enterprises, reward of 100 thousand yuan, and for the new recognition high and new technology          enterprises of the National Torch Program, reward of 200 thousand yuan will be given.
  • For the newly approved national and provincial research and development center, reward of 200 thousand yuan and 50 thousand yuan respectively will be          given.
  • For the new recognition provincial innovative enterprises,Industrial Technology Innovation Alliance and other technology public service platform to give 50          thousand yuan subsidy.
  • For the new recognition postdoctoral research stations, workstations and academician workstation to give 200 thousand yuan reward; for the newly built          National and Provincial key laboratories, give 200 thousand yuan and 50 thousand yuan subsidy funds respectively.
  • For the new recognition national high-tech products, key new products and the provincial high-tech products, give 50 thousand yuan and 30 thousand yuan          reward respectively.
  • For the new recognition provincial science and technology achievement, give each 10 thousand yuan subsidy. For the enterprises, which have software          product export, technical service export and engaged in the software service outsourcing, according to Development Zone local portion of its annual new          taxes return to enterprise for technology research and development for 3 consecutive years.
  • For the enterprises, which first time recognized national, provincial, municipal enterprise technology platform honor, Development Zone give 300 thousand          yuan, 100 thousand yuan and 10 thousand yuan reward respectively.
  • For the enterprises, which are listed in national, provincial, municipal industrialization and information integration development demonstration enterprises          during the year will be given 300 thousand yuan, 50 thousand yuan and 10 thousand yuan reward respectively.
  • Preferential tax policy For the technology incubator enterprise, 40% of local portion of its annual taxes will be used to support enterprise development.
  • Enterprise incentive policy The development zone government also establishes tax contribution,technological transformation, key projects construction,          quality brand building, market development, technological innovation, exports and other aspects of a numbers of awards for the enterprises.
  • Applications for research projects The development zone government encourages enterprises to actively apply for undertaking national, provincial and          municipal government research projects. According to the enterprise qualifications and different types of projects, the enterprise can get 500 thousand          yuan to 50 million yuan support funds.

CHINA Corporate Registration Consultancy


The Wholly Foreign Owned Enterprise (WFOE or WOFE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China’s entered into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well. With that, any enterprise in China, which is 100%, owned by a foreign company or companies can be called as WFOE.

WFOE has great potential in China as companies seek new markets; executives say that by 2014 China will be the world’s top investment destination.

The registered capital of a Wholly Foreign Owned Enterprise (WFOE) should be subscribed and contributed solely by foreign investor(s). A WFOE does not include branches established in China by foreign enterprises and other foreign economic organizations. The Chinese Laws on WFOE do not have a clear definition of the term of “branches”. The term of “branches” should include both the branch companies engaged in operational activities and representative offices, which are generally not engaged in direct business activities. Therefore, branches and representative offices set up by foreign enterprises are not WFOE.

DIFFERENT TYPES OF WFOE

  • If the WFOE only be allowed to manufacture here. We can say it’s          manufacturing WFOE.
  • If the WFOE is allowed to do Consulting & Service, we call them          Consulting WFOE.
  • If the WFOE is allowed to do Trading, Wholesale, Retail or Franchise in          China, we call them Trading WFOE or FICE (Foreign-Invested          Commercial Enterprise)

ADVANTAGES OF WFOE

  • Independence and freedom to implement the worldwide strategies of          its parent company without having to consider the involvement of the          Chinese partner;
  • Ability to formally carry out business rather than just function as          a representative office and being able to issue invoices to their          customers in RMB and receive revenues in RMB;
  • Capability of converting RMB profits to US dollars for remittance to its          parent company outside of China;
  •  Protection of intellectual know-how and technology;
  • For Manufacturing WFOE, no special requirements for Import / Export          license for its own products;
  • Full control of human resources

 

Greater efficiency in operations, management and future development.