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Why should you business setup in Shenzhen ?
The boom town is one of the fastest-growing cities in the world, with about 12 million residents.The former angler's paradise along the Pearl River Delta is also considered southern China's financial capital, as it is home to the Shenzhen Stock Exchange, massive tech firms, startups, and accelerators alike. And with its prowess as a global manufacturing hub, Shenzhen landed squarely atop Inc.'s list of top "Global Cities of the Future."
What about its advantages ?
It's a land of plenty.When it comes to finding a supplier of parts or a manufacturer, Shenzhen may be ideal. The city hosts a variety of malls, like the Seg market in the Futian district, that have just about anything you need--be it circuit boards, LED lights, or drones.
Taxes aren't so taxing.The good news is that China is pretty business friendly when it comes to taxes. Compared with the high-end corporate tax rate of 39 percent in the U.S., China offers a relatively low corporate tax rate of 25 percent. What's more, according to a report from the Organization for Economic Cooperation and Development, in China there is no tax on interest earned in bank accounts, the country's dividend tax rate is between 5 and 10 percent, and there's no capital gains tax.
It's China's Silicon Valley.Thanks to the proximity of cheap parts, cheap manufacturers, cheap shipping, cheap labor, and crowd sourcing, this city may well be a founder's dreamworld. You can build a prototype and craft a Kick starter campaign, and, if it's a success, you're off to the races. Silicon Valley tech accelerators have started to make the move. Shenzhen is also in the heart of the Greater Bay Area. A name which is most certainly a nod to the Bay Area in San Francisco.
Which famous company are in Shenzhen?
Huawei
Huawei is the first of our 5 Shenzhen companies you should know. Huawei is one of the more famous brands from China
Tencent
With brands like WeChat and QQ, Tencent is a company known by many people outside of China. Still, the size of this company is dwarfing many Western technology companies. Therefore Tencent could not be left out in this article about Shenzhen companies you should know.
BYD
BYD stands for Build Your Dreams, an acronym that is perfect in Shenzhen. This brand might be one of the less famous Shenzhen companies compared to Huawei and Tencent However BYD is definitely a company you need to keep your eye on regardless
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How to setup business in Shenzhen ?
1. Company name
2. Registered capital and paid-up capital
3. Business scope
4. Company structure
You can entrust ATAHK to deal with the application & processing for and on behalf of you.Tannet provides one-stop services to help foreign entrepreneurs to start a business in Shenzhen, including company formation, financial accounting, virtual address, working visa application, trademark recruitment and payroll management.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime calling us at 86-755-82148419 or emailing to susiehu@citilinkia.com.