Frequently asked questions about registering a company in Shenzhen
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Shenzhen company registration can also be referred to as Shenzhen business incorporation. Registering a Shenzhen company is a good choice for the foreign investor, which is also the right business development mode. Due to the rapid development, the city has one of the largest economy in the world. It has a higher proportion of manufacturing, export and import and many investors take advantage of this to find the right business opportunities in Shenzhen. Below are the frequently asked questions about company establishment in Shenzhen.
Q: What are types of company can be incorporated?
The options of the business entities that you can register include:
Wholly Foreign Owned Enterprise (WFOE);
Partnership Enterprise (PE);
Representative Office;
Joint Venture.
Q: What are the special policies In QianHai, Shenzhen?
A number of special policies were approved by the State Council in June 2012 to make the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone an attractive area for foreign investment. Most of the policies fall under the Mainland and Hong Kong Closer Economic Partnership Agreement (CEPA) with the most notable policies being:
(1) 15% preferential corporate income tax rate.
(2) Eligible professionals who are employed in Qianhai are exempt from personal income tax.
(3) Qianhai shall be supported in its efforts to establish an equity investment parent fund.
(4) Relevant policies and measures shall be formulated to attract a professional, international workforce.
Q: What are the advantages of registering a WFOE in Shenzhen?
Formally carry out business rather than just function as a representative office;
Capability of converting RMB profits to US dollars for parent company;
Protection of intellectual Property;
Efficient in operations;
Other than for a Representative Office, the Parent company of a WFOE does not have to be established for more than 2 years.
Q: How to register a WFOE in Shenzhen?
1. Filing for your official Chinese business name.
2. Preparation of all the necessary legal documents for the company registration.
3. Submitting the documentation and apply for a business license at the local authorities.
4. After your WFOE business license have been granted, registration for taxes should be done at the local Tax Bureau.
5. Register company with relevant authorities in order to get established.
6. Open a corporate bank account.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at 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 emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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