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Shenzhen Company Registration

Updated:2017-10-10 15:53:28    Source:www.tannet-group.comViews:502

Shenzhen company registration is one of Tannet's basic business incorporation services. If you want to invest in Shenzhen China, you don't have to turn to the relevant government departments for so many certificates and formalities, but just turn to TANNET. At TANNET you not only get our tailor-made services for your need, but also for your satisfaction. TANNET’s services are business-orientated and value-orientated. TANNET—serving the world of BPO, ITO and KPO businesses sincerely and professionally.

 Documents Required for Shenzhen Company Registration
*Confirm the company name, business scope, registered capital and company shares;
*Passport or ID card copies of Legal representative, Executive director, General manager and Supervisor;
*Two original Lawyer’s legalization or notarization which should be endorsed by local China Embassy or Consulate within 6 months (for foreign invested company);
*China company’s business license, company stamp and article of association (for JV);
*Online banking USB of Shareholders, Legal representative, Executive director, General manager and Supervisor (for Shenzhendomestic company).

Shenzhen Company Registration  Requirements
1. Shenzhen company format: Shenzhen government has a name format for anyone who wants to setup a company in China, the format is: City name + trade name + business scope+ limited. If using the province name or even using “China” instead of the city name, the name should be applied in the province authority or Beijing. And only Chinese company names are officially used, while English names are for reference only. Any names are subject to the approval of relevant authority.

2. Shenzhen company members: The positions of Legal Representative, Executive Director, General manager and Supervisor can be taken by either Chinese or foreigners. The Legal Representative should be acted by Executive Director or General manager.

3. Shenzhen company registered capital: In China, the registered capital is different from varied situations and sectors. Since 2014, the requirement about the minimum capital is cancelled. Investors can decide the amount of registered capital by themselves. And the capital  could be paid up within 30 years from the date of issue of Business License.

4. Shenzhen company business scope: One of the most important issues is to define the business activities of the company. Business scope is narrowly defined based on many factors, such as trade names, registered capital and business scope. A Shenzhen company can only conduct business within its approved business scope on the business license. Amending the business scope will need further application and approval. For some sectors such as education, logistics, medicine and food industries, pre-approval license is needed before we enter into normal processes.

Shenzhen Company Account Opening and Company Changes
1. Shenzhen company account opening: The four China major national banks are preferred by many investors. To apply for the company basic account opening, all company documents including business license are needed as well as the lease certificate of the registered address. The presence of the legal representative is required in the bank. After the basic account opened, investors may open capital account and foreign currency accounts according to their own needs.

2. Shenzhen company changes: During the operation of the company, changes of shares, company members, business scope, company name and registered address may be involved. Any changes should be applied in local authorities.

Shenzhen Company Registration Procedures
Step1: Let clients fill out the application form (sign the agreement);
Step2: Confirm the company name, business scope, registered capital and company shares;
Step3: Check the required documents for the clients;
Step4: Pay the services;
Step5: Prepare for the statutory documents for the investors to sign personally;
Step6: Forward documents to related government departments;
Step7: Keep clients informed of processing;
Step8: Finish processing in 15-35 working days;
Step9: Collect the documents and items and settle the balance if any.

Follow-up Services for Shenzhen Company
1. Shenzhencompany annual filings: A Shenzhencompany should file the annual report within the period between January 1 and June 30 every year.
2. Shenzhencompany payroll services: After the company registered, Tannet is able to provide with the services of employing staff, buying social securities for employees, labor contract draft, foreign employees work permits application.
3. Shenzhencompany special licenses application: For some industries, special permit is needed before the company is allowed to conduct the related business. Tannet helps clients to apply for Import/Export permit, Food circulation license, Medical equipment business license, Non-vessel operating common carrier certificate (NVOCC), ICP, etc.
4. Shenzhencompany shares agreement draft: With the development of the company, shares transfer or changes are common needs. Tannet is concentrating on drafting agreements, contracts and plans for clients, such as shares transfer agreement, equity investment agreement, the establishment of ownership structure, stock incentive plan, etc.

Shenzhen Company Accounting, Bookkeeping and Tax Filing
1. A Shenzhencompany is required to file taxes after registration. If not filing taxes in time, penalties from tax bureau will be caused. Moreover, it will bring negative records to the credit of the clients.
2. Shenzhencompany tax filing hints: The company should file taxes monthly, quarterly and yearly according to different type of taxes. The main types of taxes for a Shenzhencompany include Business income tax  (25%), VAT(3%-17%),  Sales tax(3%-20%).
3. Fapiao and Fapiao stamp: In China, official invoices are made by tax bureau, which is called Fapiao. The company should apply for Fapiaos from tax bureau and have a Fapiao stamp on it when issuing the Fapiao.

Tannet Services
TANNET package services of company registration include:
1. One copy of original Approval Record Receipt for Foreign Invested Enterprise (for foreign invested type of company); 
2. One copy of original Articles of Association signed & sealed by investors;
3. Both original and duplicate copy of business license;
4. Three stamps for different use; Bank account documents; Customs declaration registration certification;
5. Verification report (if needed);
6. Company basic account opening (if needed);
7. Import/Export license and General tax payer application (if needed).

Advantages of Registering Shenzhen Company
1. Shenzhenis the hugest market in the world. The fast economic growth and well developed infrastructure provide investors with a good commercial and legal environment.
2. Shenzhengovernment has put forward the "four" strategic approach: innovation and entrepreneurship, the Internet +, the Belt and Road Initiative, the credit system. The preferential polices are aimed to attract investors and provide a better platform for them.
3. Shenzhenprovides different levels of government subsidies to hi-tech industries, greatly reducing the cost of business start-ups and investments.
4. Shenzhenhas set up free trade zones in Shanghai, Shenzhen, Guangzhou, Xiamen, Tianjin and other cities. In the free trade zones, both Chinese and foreign individuals are able to open free trade accounts, which brings great convenience for transactions. And Shenzhenfree trade zones carry out preferential tax policies for companies registered inside the zones.
5. Shenzhenhas signed bilateral free trade agreements with more than 20 other countries and regions, reducing import and export tariffs and providing a great convenience in terms of product circulation and foreign trade.

Tannet Advantages
1. TANNET has established a global service system with 38 branches and 3000 cooperators worldwide, as well as in excess of 60,000 reliant clients globally. You can find one TANNET always beside you.
2. TANNET is staffed with a strong professional team of lawyers, accountants, engineers, designers and consultants providing tailor-made and all-in-one service.
3. There is a B2B business platform available for the international buyers and sellers of SMEs, www.ono-bbb.com.
4. TANNET is the best partner with international banks, financial institutes. TANNET also provide PIPO service.
5. TANNET is in conformity of the standard of ISO9001/2008. That means the service quality is guaranteed.

Contact Us
If you have further enquire, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or Shenzhenhotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com.

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