Shenzhen qianhai company registration boasts a number of advantages. The city of Shenzhen, which is where Qianhai is located, is one of the regions that has the most rapid economic development in the Pearl River Delta and mainland China. As one of the most productive cities economically in China, Shenzhen has the highest GDP per capita, foreign export volume, the number of patent applications and the number of patents owned per capita among all major cities in China. The following are the benefits of Qianhai company formation.
Benefits of Setting Up a Business in Shenzhen Qianhai
1. Ultra low corporate income tax (CIT) of 15% until December 2020;
2. CIT Tax breaks for certain industries where tax exemption lasts for 2 years from their first profitable year, and is subsequently charged at 50% (of the standard 25% CIT rate) for the next 3 years;
3. Green companies rewarded with CIT tax breaks;
4. VC SMEs eligible for CIT tax breaks;
5. Businesses may account for 30% of their income from none-preferential business activities, meaning that companies have more flexibility in how they can trade;
6. Foreign high-end talent, skilled foreign workers, may be eligible for individual income tax reductions by subsidy if the income tax equals 15% or more of their total taxable income;
7. Reformed tax declaration, making it easier and faster for companies to handle their taxes in China;
8. Close proximity to Hong Kong and the main cities of the PRC;
9. Easy access to Hong Kong and overseas banks, many of whom choose Qianhai as their local headquarter;
10. Hong Kong CPAs may provide their services within the zone as partners of local accounting firms, as may various other registered Hong Kong professionals;
11. Hong Kong education providers may set up international standard schools within the zone;
12. Hong Kong medical service providers may set up international standard healthcare service providers, such as clinics, within the zone;
13. Hong Kong and Macau telecoms providers may set up a joint venture with Chinese firms in order to offer international class telecoms services for the zone;
14. World class logistics, be it the custom built port, or the numerous local international airports;
15. Youth entrepreneur innovation hub offering subsidised company start up costs, research, networking with Hong Kong peers, and venture capital opportunities for younger entrepreneurs.
How to Register a Company in Qianhai?
Generally, the company registration process is as follow:
1. Apply for the company name;
2. Gain pre-approval to register the company;
3. Prepare the application;
4. Submit the application to the Qianhai authorities for approval;
5. Once approval is gained, submit the application to the secretary of commerce to register the company;
6. Complete registration process;
7. Once registration is complete, return legal documents to you and your Qianhai company will be open and ready for business.
Qianhai is Shenzhen’s fastest growing CBD with preferential tax rates, investment opportunities. Tannet can take case of the whole company registration process so that you can focus more on other more important issues.
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 86-755-82143512, 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.
Previous：Shenzhen Company Annual Report
Next：Qianhai Company Accounting and Tax Filing