Shenzhen Company Formation Service
Hotline: 86-755-82143348, Email:amyhuang@citilinkia.com
Shenzhen is one of the most dynamic cities with the fastest economic growth in China since the reform and opening up. The economic aggregate of Shenzhen equals to that of a medium province of China and Shenzhen is one of the cities with the best economic performance in China. Shenzhen has developed from a border town into a city playing an important role in China's high-tech industries, export, marine transportation and other aspects. It ranks the fourth in GDP and ranks the third on financial revenues among large and medium cities in China; its total import and export volume accounts for one seventh of that of the country and ranks the first in consecutive eight years among large and medium cities in China; its port container throughput capacity ranks the second in China.
The following steps are required to register a company in Shenzhen:
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.
Shenzhen Company Registration--Foreign Company Types and Industry
1. Commercial trading company
2. Consulting company
3. Science and Technology company
4. Manufacturing
5. Food and Beverage company / Catering Company
Shenzhen Company Registration--Essential Factors for Registration
1. Company name
2. Investor information
3. Investment capital
4. Organization Chart
5. Business scope
6. Register address
7. Special licenses
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to info@citilinkia.com.