With the support of national policy and development of the investment promotion and capital introduction, Chongming continuously improve the economic investment environment, accelerate the layout structure, adjust the operation forms, enhance the agglomeration and radiation ability of the business enterprise. Its excellent geographical location, perfect and efficient services obviously prove the huge investment potential, like a rising star in the Yangtze River delta economic circle. Register companies in Chongming have become the first choice of more and more entrepreneurs.
The basic process of registering companies in Chongming Shanghai
1. Prepare documents
Alternate name, registered capital, business scope, information of supervisors、legal person、shareholders and financial officer(id card copy, phone number)
2. Submit materials to the Industrial and Commercial website
3. After the pre-examination through the signature verification of identity, about a week or so can receive business license
4. Seal carving (about three working days)
5. Open an account in the bank (with the original copy of the business license, three seals, the articles of association, the original id card of the legal person, the original ID card of the handler)
6. Tax checking (tax checking is generally after the license is received, the next month before 15th need to be done)
Register company taxes in Chongming Shanghai
1. Business tax 100% belongs to the local tax, the general municipal government will take 40%, the rest of the tax belong to the district and county finance. But for Chongming island, the Shanghai municipal government leaves 100% of the business tax to Chongming. Therefore, register companies in Chongming Shanghai can enjoy the high return tax preferential policies, the general business tax can be returned 40-45% to the enterprise.
2. Enterprise income tax, 60% is taken by the state, only leave 40% to the local. The Shanghai municipal government left 100% of the corporate income tax to Chongming Island. For the return of enterprise income tax, Chongming can generally return the 16-18% of the actual paid business tax .
3. VALUE-ADDED tax, 75% belongs to the state finance, 25% belongs to the local finance. The Shanghai government sets aside 25% of the VAT paid by companies to Chongming. Companies registered on Chongming Island in Shanghai get a VAT rebate of 7-9%.
The advantages of registering companies in Chongming Shanghai
1. The government attracts investment and gives high support (Shanghai is the highest), and signs support agreements with the government;
2. No tax threshold (no matter how much tax is paid, the same proportion of tax return), more preferential treatment for large tax payers;
3. The support fund shall be returned monthly and directly transferred into the account of the registered enterprise by the Finance Bureau;
4. Super mature development zone (there are more than 5000 enterprises, with an annual turnover over 50 billion yuan and annual tax payment more than 1 billion yuan).
Preferential policies for registered companies in Chongming Shanghai
Shanghai financial division: except Chongming Island, in the other districts, Shanghai municipal government takes 40% of the tax. Therefore, Chongming registered companies enjoy the best tax preferential policies in Shanghai. Business tax return is 40% of the actual amount paid, VAT return 7%, and corporate income tax return 16%. After the completion of the registration, the government and the enterprise sign a financial support agreement, Chongming finance bureau will transfer the tax return directly into the enterprise account every quarter.
Contact Us
Register a company in Chongming Shanghai, welcome to contact: 021-58369557/15001998485
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