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Setup Business in Shanghai Free Trade Zone

Updated:2020-8-4 12:10:26    Source:www.tannet-group.comViews:304

Shanghai Hotline: 021- 58763186 , +86 18101649652
Skype/ Wechat ID: 18101649652

Shanghai Free-Trade Zone is the first Free-Trade Zone established in China. The Shanghai Pilot Free Trade Zone (SHFTZ) represents a pioneering strategic program for China’s in-depth reform and opening-up in the context of a new development phase.

Advantages of setting up a business in Shanghai Free Trade Zone
1.Virtual Address Registration
It is workable for investors to register a Free-Trade Zone company with a virtual address in Shanghai free trade zone. It's also available for a such company to apply for working visa for it's foreign employees with such virtual address.
2. Registered Capital
No. minimum registered capital is required for setting up a business in Shanghai Free Trade Zone. There is no need for the company to deposit registered capital to Company’s bank account.
3.Taxes Related
The taxes for companies in Shanghai Free Trade Zone are much lower. The zero customs is offered to the companies in SHFTZ. There are many tariff reduction and other tax-preferential policies designated for setting up a business in Shanghai Free Trade Zone. 
4.Timing
It will take approx. 1 month to register a Consulting Free-Trade Zone company in Shanghai. While for a Trading Free-Trade Zone company, it takes 1.5 months.
5.Transportation
Shanghai has most convenient transportation, including railway, air, road and shipping. With high-speed railway, the destinations nationwide can be reached in a few hours. For air transportation, shanghai houses two airports, providing 110 Chinese and international airlines with an airline network covering 158 Chinese cities and 139 international destinations. For shipping, Shanghai Port serves as a major port for China to open up to the rest of the world and do business globally.

Documents required for setting up a business in Shanghai Free Trade Zone
1. 2 copies of Certificate of Incorporation, Articles of Formation or Equivalent document certified by Chinese embassy or Chinese consulate overseas
For individual investor: 2 copies of Passport copies of Investors need be certified by Chinese embassy or consulate.
2. 2 copies of Bank Reference Letters from investor’s bank (declare a good standing)
3. Passport copy of: (i) Parent company's director (ii) China company's Legal Representative and (iii) China company's supervisor
4. China Legal Representative provides: 6 photos (2 inches size), brief resume
5. Registered capital; Business Scope; 10 proposed Chinese names of China company
6. Office address in China, 2 copies of leasing contracts , 2 copies of certificate of real estate ownership , and 2 copies of landlord identification
7. 4 copies of Letter of Authorization

Shanghai Hotline: 021- 58763186
Tel (Wechat): +86 18101649652
E-mail: 3001945826@qq.com
Address: Block F, 15th Floor, No.855 South Pudong Road, Pudong New Area, Shanghai
 

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