Shenzhen is located on a southern tip of the Chinese mainland and on the eastern bank of the Pearl River. It neighbors Hong Kong. Occupying 1,991.64 square kilometers, the city has a subtropical marine climate with plenty of rain and sunshine and is rich in tropical fruit. By the end of 2015, there were 11.38 million permanent residents.
The country's first special economic zone - the brainchild of late Chinese leader Deng Xiaoping - was established here in 1980. Shenzhen has been a touchstone for China's reform and opening-up policy since then.
In merely 36 years, Shenzhen, once a tiny border town of just over 30,000 people, has grown into a modern metropolis. It established many firsts in the history of world industrialization, urbanization and modernization.
The city is the high-tech and manufacturing hub of southern China, home to the world's third-busiest container port and the fourth-busiest airport on the Chinese mainland. It is one of the country's most popular tourist destinations. It was also elected one of the top 10 Chinese cities popular with expats in 2015. The high-tech, financial services, modern logistics and cultural industries are mainstays of the city. Emerging industries of strategic importance and modern service industries are quickly becoming new engines for the city's economic growth. Shenzhen has set up new standards of "Shenzhen Quality" and "China Quality" on sustainable development and globalization.
As a State-level innovative city, Shenzhen has chosen independent innovation as the dominant strategy for its future development. The city's social investment in research and development in 2015 accounted for 4.05% of its GDP, which was twice the national average and outnumbered that of some developed countries. The number of Shenzhen's PCT (Patent Cooperation Treaty) applications has topped Chinese cities for several years. The 4G technology, genetic sequencing analysis, metamaterial technology, new energy automobile and 3D display technology are among the leading technologies in the world. Over the years, the number of makers in Shenzhen has been growing drastically. Many of the institutions, including Chaihuo Maker Space, Makeblock and Seeed Studio, have already gained much fame and influence both domestically and overseas. A Maker Week is held every June in Shenzhen, which provides makers from all over the world an international platform to create and innovate.
Shenzhen is the window of China's reform and opening up and one of the Chinese cities that enjoy the highest degree of opening up. Its export has topped the nation's large and medium-sized cities for 23 consecutive years. The number of Shenzhen's international sister cities has doubled to reach 73 in the past five years.
Shenzhen strives to play a pivotal role in the implementation of the Belt and Road Initiative to build itself into a gateway along the 21st-Century Maritime Silk Road by making full use of its geographic location and advantages in business and human resources, putting emphasis on the development of the Guangdong-Hong Kong-Macao Big Bay Area, and focusing on transportation connectivity, economic and trade cooperation and cultural exchanges.
On April 27, 2015, the China (Guangdong) Pilot Free Trade Zone Qianhai & Shekou Area was officially launched. Shenzhen implements the overall planning of the Guangdong Free Trade Zone, and plans and builds the Qianhai & Shekou Area with high standards, thus speeding up the formulation of investment and trade rules in accordance with international practices. It will strive to build itself into a pilot demonstration window of the opening up of China's finance industry, a key base of world service trade and an international pivot port.
The city is also well-known for design, with more than 6,000 design companies employing more than 60,000 people. On Nov. 19, 2008, UNESCO named Shenzhen a member of its Creative Cities Network and awarded Shenzhen the title of City of Design. The total number of IF Design Award won by Shenzhen designers in 2015 was 42, topping China.
Shenzhen has unique cultural charm. The city has a network of first-class public cultural facilities that allow residents to enjoy thousands of cultural performances. Since 2003, when Shenzhen took the national lead in establishing the strategy for a culture-based city, its cultural and creative industries have achieved robust expansion with annual growth rates of more than 20% and become important engines for the city's economic development. Last year, Shenzhen started to carry out the Cultural Innovative Development 2020 Plan and made an effort to build a modernized and globalized innovative city that has strong cultural power.
Shenzhen is an ecological garden city, with half of its total area under a form of environmental protection that bans construction. Shenzhen is China's first city to win the Nations in Bloom Award, and named on the United Nations Environment Program's Global 500 Laureate Roll of Honor.
A picturesque coastal city, Shenzhen is a popular tourist destination in South China and has been listed by the Chinese Government as an Excellent Tourist City.
Shenzhen, a city of compassion with a deep-rooted volunteer culture, has 10,100 social organizations and more than 1.1 million registered volunteers. Selected as China's "Most Charitable City" for several consecutive years, it promotes Project Care each year to help disadvantaged groups, and has been called a "city with no winter."
Shenzhen will strive to achieve bigger goals by continuing to adopt Shenzhen Quality and Shenzhen Standards, aiming at world first-class standards and establishing a quality and standard system covering the areas of economy, society, culture, urban development and ecology. It will strive to build itself into a beautiful city where people can live happily and make dreams come true by improving quality, creating brands, building up reputation, expanding market, and achieving sustained economic development.
SHENZHEN BASICS
The development of Shenzhen, China's gateway to the outside world, is regarded as the epitome of the country's drive toward reform and modernization.
GEOGRAPHIC LOCATION
Shenzhen is a coastal city in South China, adjoining Hong Kong. Its longitude lies between 113.46 and 114.37 degrees east, and its latitude between 22.27 and 22.52 degrees north. Sitting south of the Tropic of Cancer, it is in southern Guangdong Province. Demarcated from Hong Kong by the Shenzhen River in the south, it is bordered by Dongguan and Huizhou in the north, Daya Bay and Dapeng Bay in the east and the Lingding Sea and the mouth of the Pearl River in the west.
NATURAL RESOURCES
The total area of Shenzhen is 1,991.64 square kilometers. Shenzhen has more than 310 rivers and streams, which are associated with the nine hydrographic systems. By the end of 2015, there were 168 reservoirs in Shenzhen, storing a total volume of 776 million cubic meters. Shenzhen Reservoir in the east has a total volume of 44.96 million cubic meters, and is the main water source for Shenzhen and Hong Kong.
Shenzhen has a vast sea area, covering 1,145 square kilometers and boasting 283 kilometers of coastline and typical subtropical marine climate and vegetation. The city also has rich natural attractions, including popular beaches such as Dameisha, Xiaomeisha, Xichong, Dapeng Peninsula National Geopark and nature reserves like the Mangrove Nature Reserve, Wutong Mountain and Inner Lingding Island.
DEMOGRAPHICS
There has been migration to southern Guangdong and what is now Shenzhen since the late Southern Song Dynasty (1127-1279), but the population increased dramatically after the city of Shenzhen was established. By the end of 2015, the permanent resident population reached 11.38 million, of which 3.55 million had permanent hukou.
MIGRANT CULTURE
As a city of migrants, Shenzhen is open-minded, tolerant and innovative. It is an ideal place for domestic and international talent to start businesses. It has been voted as China's Most Dynamic City and City Most Favored by Migrant Workers.
LANGUAGES
Shenzhen is the only city in Guangdong where Mandarin is the dominant language, because of its huge migrant population from all over China. Many public service employees, professionals and businesspeople speak English too. Most of the young people speak English and Cantonese. The Shenzhen Speaks Foreign Languages campaign is conducted across the city to encourage more residents and government employees to learn to speak foreign languages.
CLIMATE
Shenzhen has a subtropical marine climate. The weather is generally temperate to mild, with plenty of rain and sunshine. The annual average temperature is 22.4 degrees Celsius. A total of 355 days a year are frost-free. The yearly rainfall totals 1,933 millimeters and the average annual number of hours of sunshine is 2,120.
OFFICIAL TREES AND FLOWER
The litchi and mangrove trees are Shenzhen's official trees and bougainvillea is the official flower
Register Company In ShenZhen To Take Advantage Of Business Environment In ShenZhen
Shenzhen Company Registration also can be understood as: Shenzhen company setup, Shenzhen corporate formation, Shenzhen business setup, Shenzhen company registration, Shenzhen business establishment and Shenzhen business registration.
Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.
Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor. WFOE requires registered capital and it's liability of equity , can generate income, pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise in China which is 100 percent owned by a foreign company or companies can be called as WFOE. No. minimum registered capital is required for WFOEs with scope of business of consulting, Trading, retailing, information technology etc. in China. There are minimum registered capital still required for some industries for instance: Banking, Forwarding etc Since China still maintains foreign currency control policy, it's still advisable to choose registered capital within RMB 100,000 ~ RMB 500,000 as the minimum registered capital. Companies can now determine how much capital will be required to maintain their operations and must simply ensure that they meet those targets within a period of 10 years.
Representative Office (RO) is a Liaison Office of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China.
Joint Venture (JV) is a Limited liability company formed between Chinese investor and Foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc.
Since March 1, 2010, Measures of Establishment of Foreign Invested Partnership Enterprises (FIPE) in China is taking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign Invested Partnership Enterprise (FIPE) in Shanghai, Beijing, Shenzhen, Hangzhou and rest cities of China
Hong Kong Company usually been used as a Special Purpose vehicle (SPV) to invest Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China (MainlandChina and Hong Kong, See Wiki 1 country, 2 systems), lots foreign investors, especially investors from Europe and North America still chose to setting up a Hong Kong company as SPV to invest China.
After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep. Office setting up in China At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China.
Business set-up in Shenzhen is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls
Since 2006, Tommy China Business Consulting has been focusing on consulting services for our clients to register company in ShenZhen. We offer a range of company formation services including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE )
-Representative Offices
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)
-Hong Kong Holding Company.
Contact Tom Lee now for your company registration In ShenZhen.
