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Shenzhen Qianhai Company Registration

Updated:2018-7-10 18:22:28    Source:www.tannet-group.comViews:397

Shenzhen Qianhai company registration is one of Tannet’s business ncubation services. It includes registration for domestic investors and foreign investors in the company types of WFOE, JV and Domestic company. Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is the only platform supported by the government to encourage the cooperation between Shenzhen and Hong Kong in modern service industry. It is a pivotal zone for the “One Belt and One Road” strategy introduced by the central government and a key sector in Guangdong Pilot Free Trade Zone. 

Qianhai Company Forms
1. Qianhai company forms: WFOE, CJV, EJV, Domestic company;
2. Documents required for Qianhai 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;
*One 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 Shenzhen domestic company).

Requirements on Qianhai Company Registration 
1. Company name 
China 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. In Shenzhen, the company name should include the city name “Shenzhen” inside it and for those registered in Qianhai Free Trade Zone, the investors can choose either to add “Qianhai” into the company name or not.

2.Registered address
Qianhai government provides the registered address for all companies registered in Qianhai Free Trade Zone. Before applying for Business License, the company is required to apply for the Qianhai registered address from Qianhai government. After the application is approved, the investor can sign a lease agreement with the Qianhai government. The valid period for the address is for one year and the investor is supposed to apply for another year’s extension before the lease agreement expires.

3. 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.

4. Registered capital
Shenzhen Qianhai Free Trade Zone authority has different requirement about the amount of registered capital from other areas in Shenzhen. In other area of Shenzhen, investors are free to decide the amount of registered capital while in Qianhai Free Trade Zone only investors from Hong Kong, including both HK citizens and HK companies, are free to decide the amount of registered capital. Investors not from Hong Kong are required to set up the company in Qianhai with the minimum registered capital of RMB 5 million. And the capital, like other areas in Shenzhen, could be paid up within 30 years from the date of issue of Business License.

5. 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 Qianhai company can only conduct business within its approved business scope on the business license. Amending the business scope will need further application and approval. Qianhai authority encourages the business scope from logistics, technology, services and trading, but disapprove manufacturing company to be registered in Qianhai Free Trade Zone.

Qianhai company account opening and company changes
1. Qianhai 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 the Qianhai registered address lease agreement are needed. Moreover, the banks in Shenzhen requires a lease certificate of a physical office other than the Qianhai 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. Qianhai 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. For the registered address, the Qianhai company can be moved out from Qianhai to other areas in Shenzhen. But a company registered in other areas of Shenzhen is not allowed to move into Qianhai Free Trade Zone.

Shenzhen Qianhai 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. Shenzhen company annual filings: A Shenzhen company should file the annual report within the period between January 1 and June 30 every year.

2. Shenzhen company 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. Shenzhen company 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. Shenzhen company 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 Shenzhen company 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. Shenzhen company 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 Shenzhen company 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).

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 english.tannet-group.com, or calling  Hong Kong hotline at 852-27826888 or Shenzhenhotline 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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