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  • Wesley Bjerring posted an update 7 years, 2 months ago

    Proximity to Hong KongHong Kong is only a few miles away and there are multiple easy to access crossing points dotted about the city. The busiest border point is Lohou where tens of thousands of people sally back and forth every day.For expats this means it is each handy and inexpensive to get into Hong Kong with a round trip journey on the island’s MTR system costing about one hundred HKD (about $13 USD), and station hopping between points following crossing the border is great worth as well (generally no much more than 10 HKD).For companies that means you can access all the benefits of Hong Kong and combine them with all the advantages of China. That consists of cheap but nicely educated labour, and banking facilities that allow easy transfer of funds to other areas of the globe.Unique Financial ZoneShenzhen was created to deliver an economic boom, it is a “special financial zone” exactly where there are legal and monetary incentives for foreign corporations to invest in and create lengthy lasting businesses. This zone has now been extended to cover extra locations that previously weren’t in a position to compete on an equal basis such as Bao’an and Longgang.There is a push from central government to improve conditions in other provinces but nearby government is firmly behind the ongoing prosperity of the city and has announced 28 regulations since the start of the year to improve prospects for foreign owned businesses.Events and NetworkingThere are numerous trade shows and other promotional events about China, however Shenzhen is trying very hard to position itself as a premier company location. The first signs of the city asserting its own image are the upcoming Universiade Games – where 163 nations will compete on an international stage in university athletics tournaments.Skilled High Tech IndustryLook at your computer, it’s highly most likely that your keyboard, mouse and monitor had been made in Shenzhen. The city is a pioneer of higher technologies and is presently investing billions in LED the cutting edge of low energy light production, and is home to companies such as Foxconn and BYD too.For foreign businesses this is extremely helpful as the city can offer a much higher ability set for employers than other similar sized Chinese cities.LanguageThere is a dearth of English language skills in China, compared to most nations the country has the 2ndlowest level of functional English literacy in the world. However Shenzhen has a much greater price of English speakers than the rest of the country, partly because of the proximity to Hong Kong and partly simply because the city has been involved in foreign business for a lot longer than the rest of the country.Investors in the nation should appear to learn the local language (which in Shenzhen is Mandarin not Cantonese – unlike the rest of the province exactly where the reverse is true) but it is a big time saver to be in a position to discover skilled workers who can speak your language from the begin of your project.Shenzhen is a great place to do company, and whilst you ought to never rush into doing company anyplace in China without seeking suitable specialist guidance, it is one of the best places to consider when you are ready to get started.Get in touch today to learn even more concerning Shenzhen company registration.