Shenzhen Company Formation Service
Hotline: 86-755-82143348, Email: info@citilinkia.com
Shenzhen company registration is also called Shenzhen company setup, Shenzhen corporate formation, Shenzhen business setup, Shenzhen company incorporation, Shenzhen business establishment and Shenzhen business registration.
Advantages to setup compoany in Shenzhen :
In 2013, Shenzhen's GDP totaled $237 billion, putting it on par with a mid-sized province by terms of total GDP. Its total economic output is higher than that of Portugal, the Republic of Ireland, and Vietnam. Its per capita GDP was ¥137,720($22,000) as of 2013, on par with some of the developed countries of the OECD. Shenzhen's overall GDP grew by 16.3 percent yearly from 2001 to 2005 on average, though growth has slowed to around 10% per year since 2012. Shenzhen is in the top ranks among mainland Chinese cities in terms of comprehensive economic power. Shenzhen's economic output is ranked fourth among the 659 Chinese cities (behind Beijing, Shanghai and Guangzhou).
Company Registration in Shenzhen -10 Steps for Shenzhen business setup
1. Do your homework.
Talk to people who have opened offices in China Shenzhen. Ask them how they succeeded and especially how they failed. Make sure you're informed about the state of the industry you're in.
2. Pick a location.
At this point, you have an entire country at your disposal, but you can't set your business down just anywhere and expect to be a success. First, get to know the big cities. The major business centers aren't your only options.
3. Choose an entity status
Before you register with the government, you need to decide what type of business entity to register. The most common for foreign businesses are joint ventures, representative offices, and wholly foreign owned enterprises. Each, of course, has its pros and cons.
4. Develop a business plan.
A detailed five-year business plan is crucial, because once the government approves it, you will be able to operate only within its guidelines. If you start offering a product or service that is not in your business plan, the Chinese government can shut your business down.
5. Find a liaison … or several.
No matter how informed you are, you won't get very far without consulting a representative to register your business. A qualified liaison should be able to tell you where you need to go to register, whether it's the local, provincial or national government, and should do the talking once you get there.
6. Organize the necessary documents.
Though the documents you'll need to register for a WFOE will vary from place to place, you can find an extensive list of what you might need. Always prepare for a wildcard, though. Application forms may also differ depending on who you're dealing with. It's usually best to get it directly from the local authority.
7. Trademark your intellectual property.
Intellectual property violations are a big issue for foreign investors in China Shenzhen. In China Shenzhen, the first person to register a trademark owns the rights to it, regardless of whether or not that person is the first person to use the trademark.
8. Find a bank.
This part should be quick and easy, since there are plenty of banks with a huge presence in China Shenzhen. Try HSBC, which is based in Hong Kong, or Bank of America, which you can find all over the country.
9. Hire a staff.
Hiring in Shenzhen is a delicate process, especially when it comes to hiring managers. Don't assume that just because a person's English is impeccable they'll be able to run the business properly.
10. Take it slow.
Now that you're all set up, you have to manage expectations. Don't jump into quick business deals just to turn a profit. It takes time to build business relationships over there. What will win you success in the Chinese market is patience.
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 info@citilinkia.com