Shenzhen is part of the Guangdong province in China and a major city, business hub, and an important financial center. If you are a foreigner who wants to generate money in the prolific and competitive Chinese market and play an important role in the business field among important players, you can open a company in Shenzhen. Likewise, in this matter, you can address your requests to our company formation agents in China who are at your disposal with guidance and information.
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Types of companies you can set up in Shenzhen
If you want to open a company in China, it is advisable to verify and see what city suits most of your activities and future operations. With a fast development in the past decades and with complete accents on industrialization, Shenzhen was rapidly put on the map of preferred business destinations and foreign investments. With reliable and permissive business regulatory system, Shenzhen offers a wide range of opportunities for foreigners in China who can set up WFOEs (Wholly-Foreign Owned Enterprises) and be entirely in charge of the liabilities, profits, and losses of the firm. This is the most popular business form in Shenzhen, but if you want to register a company in China, you can also choose joint venture companies, partnerships, representative offices, or sole proprietorships. Each type of company can be established with complete support offered by our team of specialists in company formation in China.
The video presentation below explains the services we can offer if you decide for a business in Shenzhen:
The company formation services we can offer in Shenzhen
The company formation in China is a simple process but is recommended to solicit information and guideline throughout the entire procedure. A WFOE in China can be set up by foreigners who want to have 100% ownership and benefit from a fast incorporation. To avoid the language barrier which can generate misunderstandings, and to incorporate the business as soon as you have chosen Shenzhen for business, our team of advisors can offer the following services:
- support in documents preparation;
- register for tax purposes;
- buy a shelf company;
- company formation in China;
- tax advice and planning;
- accounting services;
- virtual office services;
- business consulting.
We also mention foreigners that they can ask for support in company liquidation or company litigation at any time, and they can rely on the legal help offered by our local partners.
Companies established in China must be registered for the tax payment system. VAT and corporate income tax are the most important taxes in China. As for the registration process, it can be successfully managed by our team of local agents. They can handle the necessary formalities and documents required by the relevant authorities. In addition, this task is part of the company formation services package in Shenzhen, so feel free to discuss all these issues with us.
Companies in China must comply with accounting rules. Instead of setting up an entire department in the company, it is better to use the services of specialists in the field. They can help you with a number of accounting issues, including:
- Payroll services;
- Annual financial statements.
Licenses and permits
Some activities require special licenses and permits. Without them, a newly established business cannot operate in the market. These aspects can be managed by our specialists who have experience in the field. Among the required formalities, it is necessary for the company’s representatives to prepare copies of the firm’s documents. In addition, the specific forms will be completed and the related fees will be paid. You can count on our support in this endeavor.
Ready-made companies in China can be bought by entrepreneurs who do not want to start a business from scratch. In other words, the company is already registered, has a clean history, and can be bought in a relatively short time. The formalities are quite simple, and our agents can immediately deal with your request to buy a vintage company in Shenzhen. As soon as it goes by your name, it is ready to be used.
If you want to differentiate your company from others on the market, it is recommended that you register the brand. According to Chinese Law, colors, numbers, shapes, letters, and words are accepted, as well as combinations of elements. There are no restrictions on trademark registration, as long as they are not offensive or used by someone else.
As trademark registration is required from the very beginning, this service can be provided by company formation specialists in Shenzhen. You can contact us for complete details.
Branch and subsidiary registration support
Large international companies can operate in China in various forms. Branches and subsidiaries are suitable options in this case, and their registration is quite simple if you follow the rules and legislation. According to the Company Act in China, WFOE or Wholly Foreign-Owned Enterprise is the right business structure for most foreign entrepreneurs.
Virtual office services in Shenzhen
Instead of a traditional business office, you can turn your attention to virtual office services and the facilities offered. You will benefit from a notable address in Shenzhen, a virtual assistant to handle daily tasks in the company, mail forwarding, incoming and outgoing faxes.
Virtual office packages can also include a meeting room where you can meet meetings with potential clients and collaborators. But what is important to mention is that virtual office services in Shenzhen cost less compared to setting up a traditional office. If you want to know more about these packages, you can send requests to our local agents.
Economy facts of Shenzhen
As a major city in China, Shenzhen developed a diversified and appreciated economy in the past decades. The positive trends in this area continue to reveal numerous performances with the help of a wide range of foreign investments but not limited to this, in sectors like agriculture, engineering, energy, IT, manufacturing, the latter one being the engine of the economy for many years. Large corporations worldwide have productive affairs in Shenzhen’s significant industries.
China, one of the best business destinations in the world
China is the world’s second-largest economy and one of the most important international business centers. Various incentives, cheap labor force, the opportunity to develop any type of business are interesting attributes that any foreign investor takes into account. The special economic zones are important assets of China because reductions and even tax eliminations are offered if certain conditions are met. Here are other interesting statistics that underline China’s economic direction:
- Regarding total FDI stock in China, the country registered more than USD 1.918 billion in 2020.
- The 2020 Doing Business report ranked China 31st out of 190 world economies in terms of business conditions and their simplification.
- The IT sector in China absorbs a high rate of foreign investment.
- Countries such as Singapore, South Korea, Germany, and Japan are the largest investors in China.
For more information about how to set up a company in China and especially in Shenzhen, we invite you to contact our team of company formation agents in China.