Create a Company in Shanghai Free Trade Zone
Hotline: 86-755-82143348, Email:amyhuang@citilinkia.com
Creating a company in Shanghai Free Trade Zone refers to the establishment of the erterprise located in Shanghai Free Trade Zone area, which is a compelling issue for investors. Shanghai free trade area, namely the Shanghai regional free economic zone, was set up by Chinese government. It covers Shanghai Waigaoqiao Bonded Zone, Waigaoqiao Bonded Logistics Park, Yangshan Bonded Port and Shanghai Pudong Airport Comprehensive Free Trade Zone, Jinqiao Export Processing Zone, Zhangjiang High-Tech Park and Lujiazui Finance and Trade Zone seven regions.
Advantages of Creating a company in Shanghai Free Trade Zone
There are more preferential policies and greater openness in FTZ.
1. Subscribed capital system.
2. More freedom for circulation of currency in FTZ.
3. Quick approval process of import and export , report after the implementation is available.
4. Abolishing capital controls and make RMB convertible.
5. Shorter approval process.
6. Processing, production of goods and taxable services in Free Trade Area could exempt from VAT and consumption tax.
7. Financial industry could get support from the stste.
Application Documents for WFOE in Shanghai FTZ
1. Original investors’s notarized certification of the opening;
2. Original bank reference letter;
3. An annual audit report last year;
4. Copy of investor’s passport;
5. Several new company name;
6. Subscribe and invest certain capital;
7. Proposed business scope;
8. Copies of the executive director general manager and supervisors’s passports;
9. Lease contracts and property certificate of the registered address.
General Procedures of WFOE Registration in Shanghai FTZ
1. To determine the company address (you can use their actual lease address, or use the virtual register address we provide);
2. Check the names of the company;
3. The preparation of materials;
4. Officially submit documents at one-stop accepting counter,
5. Carved chapters;
6. Open a bank account and apply for the remaining documents.
As above, we can see from the above process, the differences are:
1. There is no verification link, that is, without registered capital in place.
2. The processing time is greatly accelerated.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling China hotline at 86-755-821433348, or emailing to amyhuang@citilinkia.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020,Dongmen Rd South, Luohu , Shenzhen, China.