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Zhongshan Business Setup

Updated:2018-9-10 14:28:34    Source:www.tannet-group.comViews:186

Zhongshan business setup also refers to Zhongshan company registration, Zhongshan corporate formation and Zhongshan company incorporation. Zhongshan is a prefecture-level city in the south of the Pearl River Delta in Guangdong province, China. The city is located along the west side of the mouth of the Pearl River, directly opposite Shenzhen and Hong Kong. It lies south of Guangzhou and Foshan and north of Zhuhai and Macau.

The Greater Bay Area plays a remarkable role in China’s economic integration with the world. The nine cities on the mainland and their industrial zones provide knowledge and expertise in manufacturing electronic, chemical, automotive and other high-tech products for the domestic and world market. As a member city, Zhongshan warmly welcomes investment both from home and abroad.

Essential Factors for Business Setup in Zhongshan
1. Company name;
2. Investor information;
3. Investment capital;
4. Organization Chart;
5. Business scope;
6. Register address;
7. Special licenses.

Types for Company Formation
1. Wholly Foreign Owned Enterprise (WFOE)
The Wholly Foreign Owned Enterprise, abbreviated WFOE or WOFE, is a common investment vehicle for mainland Dongguan-based business. WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds. This can give greater control over the business venture in mainland Dongguan and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner.

2. Representative Office (RO)
A Chinese representative office (RO) is an institute setup in Dongguan, representing its parent corporate for liaison with Chinese counterparts. A RO is not considered to be a separate legal entity. It can not directly engage in business operation and issue the invoice. However, through which its parent corporate can enter into contracts with its supplier/customers in Dongguan in its own name, but not under the name of RO.

3. Joint Venture (JV)
Joint venture consists of CJV and EJV. CJVs can be established either as a limited liability company as a non-legal person, in which the partners are subject to unlimited liability and thus entirely liable for any losses. The corporate form of an EJV is the limited liability company, which possesses the status of a Chinese legal person. It involves joint investment and operation and the sharing of profits and losses, as well as risks in proportion to the partners’ respective shares in the registered capital.

4. Foreign Invested Partnership Enterprise (FIPE)
The Foreign Invested Partnership Enterprise (FIPE) is a unlimited liability business entity without minimum requirements on registered capital. A partnership in the People's Republic of China is a business entity governed by the Partnership Enterprise Law passed by order of the President of the People's Republic of China to authorize and govern partnership enterprises.

Tannet’s Followup Services
1. Accounting, tax filing and auditing;
2. Chinese visa application (work permit, residence permit);
3. Special license application;
4. Payroll and human resources management;
5. Intellectual property services (trademark, patent and copyright);
6. Global barcodes application;
7. Company transfer or deregistration.

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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