ShenZhen Qianhai Pilot Free Trade Zone Offers Incubators Free Rent & Low Taxes,Shenzhen Qianhai Company Registration Business Setup Procedures

On April 27, 2015, China (Guangdong) Pilot Free Trade Zone Qianhai & Shekou Area of Shenzhen was initiated. As a crucial part of the Guangdong Pilot Free Trade Zone, the Qianhai & Shekou area is a main part of the economic cooperation between Shenzhen and Hong Kong, covering an area of 28.2 square kilometers and including Qianhai and Shekou. The zone can be divided into three industrial areas: Qianhai Finance Business District, which mainly focuses on developing finance, information services, technology services and other professional services; Shenzhen West Port Area that centers around Qianhai Bay Bonded Area and focuses on developing port logistics, international trade, supply chain management and high-end shipping services; Shekou Business District, which will develop Internet information services, technology services and cultural and creative industries.

 

The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone – has opened a 15 square kilometer incubator hub for entrepreneurs from Hong Kong and overseas. The Zone itself has been billed as a Hong Kong-Shenzhen joint development, and to date has focused on attracting corporate financial services. HSBC, for example, have committed to the zone, as have Standard Chartered, the Bank of East Asia and China’s Commercial Bank, based on the zone’s ability to offer cross-border RMB loans. However, the Qianhai bankers and forex traders may soon find themselves rubbing elbows with T-shirted entrepreneurs aged 18 to 45 who are looking to start their businesses there.

 

The Shenzhen government has specifically targeted IT and promised that internet access will be better than is permitted elsewhere on the mainland. One-third of the land set aside for the entrepreneurs – known as the Shenzhen-Hong Kong Youth Innovation & Entrepreneur Hub – will be available to Hong Kong residents, the rest to foreign investors. Incentives for approved projects include one year of free rent and the second year at 50% for both residential and office space. Also, both individual income tax and corporate income tax rates in certain industries are set at 15 percent. Normal tax rates in China are 25 percent for corporate and up to 45 percent for individual income tax.

 

Meanwhile, a gold vault, which will facilitate gold as a commodity trading hub, will also opening in Qianhai, in March. The vault will be operated by the Chinese Gold and Silver Exchange Society and will allow for gold to be traded and supplied on-demand to Shenzhen’s jewellery factories. Sixty-eight gold trading firms are behind the scheme. Shenzhen manufacturers some 70 percent of all gold jewellery in China, and the gold facility in Qianhai is expected to attract international gold firms hoping to access the PRC market.

 

The preferential tax policies have already attracted over a 100 000 business to the Qianhai SEZ which are expected to generate 150 billion Yuan by 2020 as it transforms into a modern services centre and regional powerhouse

Low financing costs, low labor costs and high efficiency have enticed a growing number of enterprises to set up operations in the zone

 

Ok, so you’re convinced Qianhai company is for you. What are the requirements for setting up? Here’s a list:

Qianhai Company Forms

1. Qianhai company forms: WFOE, CJV, EJV, Domestic company;

2. Documents required for Qianhai company registration:

*Confirm the company name, business scope, registered capital and company shares;

*Passport or ID card copies of Legal representative, Executive director, General manager and Supervisor;

*One original Lawyer’s legalization or notarization which should be endorsed by local China Embassy or Consulate within 6 months (for foreign invested company);

*China company’s business license, company stamp and article of association (for JV)

*Online banking USB of Shareholders, Legal representative, Executive director, General manager and Supervisor (for Shenzhen domestic company).

 

Qianhai company registration and Qianhai regulations

1. Qianhai company name format: China government has a name format for anyone who wants to setup a company in China, the format is: City name + trade name + business scope+ limited. If using the province name or even using “China” instead of the city name, the name should be applied in the province authority or Beijing. And only Chinese company names are officially used, while English names are for reference only. Any names are subject to the approval of relevant authority. In Shenzhen, the company name should include the city name “Shenzhen” inside it and for those registered in Qianhai Free Trade Zone, the investors can choose either to add “Qianhai” into the company name or not.

 

2. Qianhai company registered address: Qianhai government provides the registered address for all companies registered in Qianhai Free Trade Zone. Before applying for Business License, the company is required to apply for the Qianhai registered address from Qianhai government. After the application is approved, the investor can sign a lease agreement with the Qianhai government. The valid period for the address is for one year and the investor is supposed to apply for another year’s extension before the lease agreement expires.

 

3. Qianhai company registered capital: Shenzhen Qianhai Free Trade Zone authority has different requirement about the amount of registered capital from other areas in Shenzhen. In other area of Shenzhen, investors are free to decide the amount of registered capital while in Qianhai Free Trade Zone only investors from Hong Kong, including both HK citizens and HK companies, are free to decide the amount of registered capital. Investors not from Hong Kong are required to set up the company in Qianhai with the minimum registered capital of RMB 5 million. And the capital, like other areas in Shenzhen, could be paid up within 30 years from the date of issue of Business License.

 

4. Qianhai company business scope: One of the most important issues is to define the business activities of the company. Business scope is narrowly defined based on many factors, such as trade names, registered capital and business scope. A Shenzhen Qianhai company can only conduct business within its approved business scope on the business license. Amending the business scope will need further application and approval. Qianhai authority encourages the business scope from logistics, technology, services and trading, but disapprove manufacturing company to be registered in Qianhai Free Trade Zone.

 

Shenzhen Qianhai company registration procedures

Step1: Let clients fill out the application form (sign the agreement);

Step2: Confirm the company name, business scope, registered capital and company shares;

Step3: Check the required documents for the clients;

Step4: Pay the services;

Step5: Prepare for the statutory documents for the investors to sign personally;

Step6: Forward documents to related government departments;

Step7: Keep clients informed of processing.

Step8: Finish processing in 15-35 working days;

Step9: Collect the documents and items and settle the balance if any.

 

We are ready to help you register your Qianhai company quickly and easily.

 

 

Contact Tom Lee now for setting up your Qianhai company

Email: tomlee@tommyconsulting.com, tomlee_cn@163.com,
WhatSapp/Wechat/Cell Phone: +86 18926401128, Skype: tomleeli
Tel: 86-755-25809219,Fax: 86-755-83256658