Qianhai company Setup in Shenzhen is really a popular choice among foreign investors. 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. Qianhai has also been nicknamed the Manhattan of Asia in certain marketing messages.
Benefits of Company Setup in Qianhai
The QianHai free trade zone offers several attractive benefits for companies, employees, and residents. Details are listed below:
1. Ultra low corporate income tax (CIT) of 15% until December 2020;
2. Reformed tax declaration, making it easier and faster for companies to handle their taxes in China
3. Government grants for preferred industries;
4. Close proximity to Hong Kong and the main cities of the PRD;
5. Easy access to Hong Kong and overseas banks, many of whom has branches in Qianhai;
6. World class logistics, be it the custom built port, or the numerous local international airports;
7. Youth entrepreneur innovation hub.
Setting Up Your Qianhai Company
1. Registered capital
The government has a requirement for companies who establish in Qianhai to have a minimum registered capital of RMB 5 million. You may be worried you don’t have this capital to invest in the business. The money doesn’t need to be paid up right away, and many agencies there have ways to help you delay the requirement of putting the capital investment in up front.
2. Company name
Like anywhere, you need to pick a company name that hasn’t been picked before. So the name availability search is highly recommended before setup.
3. Office address
You will need an address in Qianhai to get the company. And this has been getting more strict – originally people were just getting the serviced office /virtual office there and working in other parts of China. You can still get away with this, but the banking is a bit more strict now.
4. Approved industries
Enterprises stationed in Qianhai should first conform to the Catalogue of Industrial Access of Qianhai Shenzhen-Hong Kong Modern Service Cooperation Zone, which includes the following four aspects:
(1) Financial Industry, such as securities investment funds, banking financial institutions, non-bank financial institutions, and financial enterprises, such as financial leasing companies, equity investment companies, asset management companies, etc.
(2) Information Service Industry, such as information limited company;
(3) Modern Logistics Industry, like e-commerce;
(4) Technology Service Industry and Public Service Industry.
Registration Process for Qianhai Company
The setup process for Qianhai company is as below:
1. Apply for the company name;
2. Gain pre-approval to register the company;
3. Prepare the application with you;
4. Submit the application to the QianHai authorities for approval;
5. Submit the application to the secretary of commerce to register the company;
6. Complete registration process.
Once registration is complete, we will return all the legal documents of the newly registered Qianhai company to you and the company will be open and ready for business. In addition to Qianhai company setup in Shenzhen, Tannet can also help you establish your business in other parts of mainland China and Hong Kong. What is more, we also provide a full range of intellectual property services worldwide.
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 86-755-82143512 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 Rd South, Luohu, Shenzhen, China.
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