The one-stop application process allows the registration of companies in SFTZ
in a simple and fast manner. If there are specific approvals or licenses to obtain, the registration will prolong for a while. This is normally the case of import and export companies for which a license is needed, being issued in a couple of weeks. There is no need for minimum share capital, so, the registration is made quite rapidly, also helped by a specialist in company formation in China
. The one-stop application for companies in SFTZ
comes with varied advantages, like the annual inspection system that has been replaced with the annual reporting. Moreover, if you consider it is best to buy virtual office packages in SFTZ
, you may do so without restrictions.
There is no need for formal custom declarations for overseas shipments. The authorities can accept a shipping bill only, in SFTZ. Retailers with online activities can store their products, in SFTZ special areas, with minimal and affordable costs. In order to avoid agency fees, the Direct Imported Goods Market can be a great option for international suppliers with activities in SFTZ. Shenlan Bonded Exhibition Centre is dedicated to alcoholic beverage producers and retailers operating in Shanghai Free Trade Zone. Transportation and logistics, medical institutions, plus the financial services are on debate for a series of important liberalization policies that will soon be implemented in SFTZ. These important changes are meant to attract more international investors to Shanghai Free Trade Zone and to smooth the business operations as much as possible. You can discuss with our team of company formation representatives in China and find out all the details concerning the business registration in SFTZ and about the new policies. Here are some interesting facts and figures about China:
China ranks 31st out of 190 economies in the world, according to the 2020 Doing Business report.
USD 1,769 billion was the approximate total FDI stock for China in 2019.
China is the second-largest foreign direct investment recipient after USA.
Around USD 61 billion was the value of greenfield investments in China in 2019.
Ask for accounting services for your company in Shanghai FTZ
Tax and accounting services
can be solicited from our team of specialists in China. All companies with activities in China, including the ones operating in the free trade zones must align with the accounting requirements enforced. Entrepreneurs from abroad might not be acquainted with the tax legislation in China, hence, a dedicated team with experience in tax and accounting
matters can be hired right away. Bookkeeping, payroll, preparation of financial annual statements, tax registration, and tax minimization methods are among the tasks that can be properly managed by our team of specialists with experience in the accounting field.
Choosing our company formation agents in China
Doing business in China
might be quite challenging for some entrepreneurs from abroad who do not have a clear picture of the applicable legislation. A dedicated team of specialists in company formation in China
will prove extremely helpful right from the beginning of the collaboration. A foreign investor can rely on comprehensive assistance and support in matters of business formation that respects the rules and regulations in the field.
Professionalism, confidence, transparency, and competence are top attributes of our company formation agents in China who dedicate their attention to all customers interested in a fast start on the Chinese market. We believe that a good communication and collaboration will lead to excellent results for our customers.
FAQ about Shanghai FTZ
1. Is there a minimum share capital for opening an LLC in Shanghai FTZ?
No, there is no need for a minimum share capital in Shanghai FTZ for LLCs (or WFOE for foreigners) and it represents a solid benefit for international investors in China. Moore details can be discussed with our specialists in company formation in China.
2. What authority issued business approvals in Shanghai FTZ?
Companies and businesses in Shanghai FTZ are approved by the Industry and Commerce Authority in China. All the company formalities in this free trade zone can be handled by one of our experts.
3. Are there any tax exemptions in Shanghai FTZ?
Yes, companies registered in this important free trade zone in China can benefit from tax exemptions for 10 years. There are other tax advantages that can be explained by one of our specialists.
4. Can business owners of companies in Shanghai FTZ transfer funds outside China without fees?
Yes, the transfer of funds in the home country or other states is not subject to taxation. The formalities in this sense can be discussed with our team of company formation agents in China with experience in the tax field.
5. Is the use of more than just one currency available in Shanghai FTZ?
Shanghai FTZ offers a wide range of business advantages, among which the possibility of using more than just one currency. Some entrepreneurs might have specific business needs, so this a great benefit.
6. What types of businesses are permitted in Shanghai FTZ?
There are many types of activities available in Shanghai FTZ. International entrepreneurs can develop operations related to warehousing, transportation and logistics, fishery, trading, telecommunication, IT, and many more. Feel free to talk to our agents if you want to start a company in China.
7. Is company registration a complex process in China?
No, there is no need to worry about the company formation process in China
and particularly in the free trade zones. There are simple formalities that can be entirely managed by one of our specialists.
8. Do I need special licenses and permits for opening a company in Shanghai FTZ?
Yes, some activities might require special licenses and permits that can be easily obtained. Complete assistance is offered by our company formation agents in China.
9. Can joint-stock companies be established in Shanghai FTZ?
Yes, besides registering LLCs one can also consider doing business under the rules of a joint-stock company in Shanghai FTZ. This is another type of structure that can be registered with the help of our agents.
10. Is Shanghai FTZ good for business?
Shanghai Free Trade Zone is one of the most appreciated special areas for business development in China. Entrepreneurs from abroad can benefit from a wide range of advantages like tax exemptions. Support for opening a company in Shanghai FTZ can be offered by one of our specialists in company formation in China.