According to the latest statistics for 2017 in China, Shanghai is the most populated metropolis in the world, with around 24 million citizens. The important ports on the Yangtze River are significant trading points which place Shanghai among prolific import and export centers in the world. Foreign investors can set up companies in Shanghai with complete support offered by our team of specialists in company formation in China. We invite you to analyze the company formation services we can offer you at any time in Shanghai and in any city in China.
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Business entities you can set up in Shanghai
In most cases, foreign investors choose the WFOEs for further activities in Shanghai, China. These are wholly-foreign owned enterprises which can be established in Shanghai through limited liability companies, and as the name says, investors from abroad have 100% ownership. Foreigners can also register general and limited partnerships, representative offices, branches, and subsidiaries, or can act as sole proprietorships. The following company formation services are at your disposal if you decide for business activities in Shanghai:
- support in company registration with the authorities in charge;
- preparation of documents for your future company;
- support for tax registration (VAT, social security contributions);
- accounting services on request;
- tax advice;
- business management;
- company liquidation on request.
It is good to know that you can ask for legal services in cases of company litigation, as you can rely on complete support offered by our local lawyers. If you want to register a company in China, please bear in mind that our team of advisors are at your disposal with complete support at any time.
Economy overview for Shanghai
Shanghai has a booming economy and it is appreciated as a solid financial and commercial hub in China at an international level, competing with important economic centers like Hong Kong, Singapore or Tokyo. According to statistics, Shanghai is the city which met a flourishing development in the past two decades, the trends being positive for the years to come. Among the engines of the overall economy, Shanghai is extremely representative in the agriculture and the manufacturing sectors, but also in the tourism field, as there are numerous visitors who choose Shanghai for holiday destination. The world’s busiest container port is in Shanghai; therefore, the trading activities generate important profits each year.
The automotive sector also stands at the base of Shanghai’s economy as numerous large corporations worldwide have establishments in this city. As for the financial sector, the Shanghai Stock Exchange is evocative in matters of business, share, and finances linked to the world’s major players.
Wholly Foreign-Owned Enterprise (WFOE) is the most popular type of structure available in China and is recommended to foreign investors who want to do business in this country. A business feasibility report, setting up the activities, and providing the minimum share capital are among the formalities related to the establishment of a WFOE in China. With the help of our company formation agents in China, you can guarantee that all aspects related to registration are managed correctly so that you can focus on your investments.
For complete support in company formation in China, including in Shanghai, we invite you to contact our Chinese team of company incorporation agents.