Shenzhen company information for business
Hotline: 86-755-82143348, Email: amyhuang@citilinkia.com
I. OVERVIEW OF SHENZHEN
Shenzhen is the best choice for doing business in China. Situated in the Southern China, Shenzhen is the first Special Economic Zone since China carried out reform and open-door policy 34 years ago. Shenzhen has an area of 1953 square km’s and a population of more than 10 million. Shenzhen is the best city both for living and working in China as well as the youngest and fastest growing city in the world. In Shenzhen you can enjoy the sound infrastructure and the intensive industrial chain for manufacturing, trading and value investment. Since Shenzhen is bordering Hong Kong, you can also take great advantage and opportunity from the “one country, two systems” policy.
II. THE CONCEPT OF WFOE
WFOE stands for wholly foreign owned enterprise, which is a Limited liability company wholly owned by the foreign investor(s). The foreign investors refer to the foreign enterprise, individual or partner. (Including Hong Kong, Macau and Taiwan).
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III. TANNET SERVICE PROCEDURE
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 20-30 working days;
Step9: Collect the documents and items and settle the balance if any.
IV. DOCUMENTS REQUIRED FOR THE TRADING ENTERPRISES
Part one, documents needed to be prepared from abroad as follows
1. Copy of the business license or certificate of incorporation of parent company;
2. The original and copy of identification documents (ID card, passport) of legal representative, and eight color photos;
3. Lawyer’s legalization or notarization which should be endorsed by local China Embassy or Consulate
Part two, documents needed to be prepared from Shenzhen as follows
1. One proposed name (in Chinese), and provide two or more alternative names in case the first name is not available.
2. Detailed information about the business scope and intended registered capital;
3. Detailed information of legal representative, shareholder, director, monitor, manager;
4. The lease of commercial office between lesser and lessee needed to be endorsed by the Housing Management Authority. The lessee should be acted by shareholders, directors, legal representative, monitors or manager. The area required is for commercial use only with more than one year’s rent.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143348, or emailing to amyhuang@citilinkia.com.