Shanghai Company Registration
Shanghai Company Registration
Established a company in Shanghai
No Real Office Needed
No Registered Capital Required
No Need to Visit China
Set-up in 30 working days
EXCLUSIVE TO CORPORATION CHINA
Welcome to Shanghai
Li ZhenYing – Shanghai
MISS UNIVERSE CHINA
Shanghai Business Environment
Business Environment Shanghai’s dramatic development comes from its diverse economic base. Major industry networks include communications, electronics and the information industry, biomedicine, auto manufacturing, petroleum, sophisticated chemical and steel manufacturing, complete-set equipment manufacturing, finance, insurance, real estate, household electrical appliances, etc. Shanghai is the largest consumer market among all mainland cities, supported by the rising income level and massive inflow of tourists. Also considered China’s largest financial center with over 1,430 financial institutions, including banks, insurance companies, and securities companies, of which 230 were foreign-invested
100% OWNED
30 WORKING DAYS
NO REGISTERED CAPITAL
Shanghai Company Registration
The registration of a China Company takes about 30 working days to complete. Its use can vary among many different operations in China. For most cases, the ideal way to register your Shanghai company is as a Limited-Liability type company called Wholly Foreign Owned Enterprise. Also abbreviated as WFOE, WOFE or foreign-invested enterprise (FIE). A WOFE is a commonly used investment vehicle for mainland China-based businesses.
Shanghai Wholly Foreign Owned Enterprise
Shanghai is a good choice for companies that are in computer software, IT, microelectronics and components, video and audio products, electro-mechanical integration, and key projects of light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology are also on the rise in Shanghai
100% Ownership
Wholly Foreign Owned Enterprise may be capitalized by foreign investors and operated without the need for Chinese partners or employees. It will provide you with greater control over your business’s operations, revenue and profit targets. A WOFE is a favorable option for both individuals or overseas company that wants to enter the Chinese market.
Operation
A Wholly Foreign Owned Enterprise can be incorporated to conduct general business activities in Shanghai. It gives foreign investor complete control of the day to day business and decision-making without any compulsory involvement from a Chinese partner.
It can engage in any business activities, issue invoices to clients, receive RMBs, convert profits into foreign currency, and repatriate them.
It is the most effective way of protecting trademark technical information, trade secrets intellectual property
It provides complete authority regarding the hiring of staff and does not require you to hire Chinese staff.
A Wholly Foreign Owned Enterprise requires either one director of foreign nationality or a holding company located in Hong Kong to act as an investor.
What can a Shanghai Company be used for?
Shanghai is located on the western coast of the Pacific Ocean and at the central section of the north-south coastline of China. Facing the opportunities and challenges of the 21st century, Shanghai has set its long-term strategic objectives for social and economic development. By 2010, Shanghai is planned to become one of the international economic, financial and trade centers of the world.
Setting up a company in Shanghai is a good choice for companies that are in computer software, IT, microelectronics and components, video and audio products, electromechanical integration, and key projects of light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology are also on the rise in Shanghai.
100% Owned by Foreign Investors
Protects Intellectual Property& Trademark
Consulting Company
The Shanghai market is vast and is still in expansion. For that reason many companies rely on IT consulting firms to help them efficiently operate in the Chinese market.
Trading Import & Export
China is the world’s Factory and Import and Export is one the largest markets. Import goods to China to sell directly in the Chinese Market or Export products Worldwide. Corporation China will establish a trading company with a Import Export License in 30 working days.
Food & Beverage
The Food and Beverage (F&B) industry is growing rapidly in Shanghai. During the past decade the industry has grown at a rate of 30%. As a result of the increasing demand for new products and services, foreign entrepreneurs fell encouraged to enter the Shanghai market.
Manufacturing Factory
When manufacturing in China, the VAT system is equally applied to foreign and local companies working in the territory. Upon exporting, goods and services undergo the classification of being zero-rated. Therefore VAT become entitled for refund, saving huge amounts of capital.
WHAT WE DO
Our Turnkey solution starts with first analyzing your business scope and operation and then strategizing the best legal and profitable path forward.
OPEN A BANK ACCOUNT
Opening a China Bank Account is very easy. Corporation China is also the official agent for many international banks in China, we can sort out all the details and get the bank account open for you so you only have to travel to China once is already approved.
SET UP YOUR COMPANY
Make sure you explore China by making use of all tools and resources available for your business. Take control over your businesses operations, revenue and profit targets with a team of experts to help you set it up.
SUPPLY THE REGISTERED ADDRESS
Why use a registered address? A Registered Address is a good way to register your Chinese Company as you do not need to rent an expensive office. Its is also legally required to have an address to register a company in China.
Setting up a Shanghai Company
When setting up a company in Shangai, there are numerous things to consider and hence it is important to seek appropriate legal help. Corporation China has developed an unparalleled expertise in this area and can provide you with everything necessary to set up your consulting company. Corporation China offers first-class solutions to all of the following requirements.
- Corporation China is the Largest Foreign Direct investment firm in Asia Pacific. [wikipedia]
Location: Shanghai
In China, prospective clients and business partners will often ask you where is your company located in China. Hence, a good location is an asset. At Corporation China, we offer excellent solutions for this through our Virtual Office System China Presence™ or our China Virtual Entity™ system.
- With offices in 44 locations across China and 4 in Shanghai, our closest office is never far away.
Shanghai Bank Account
Due to existing restrictions on international money transfers in China, your mainland-based clients will only be able to pay you within China. Therefore, a bank account in which local companies can transfer you Chinese RMBs is necessary.
- Corporation China can Guaranteed a Bank Account for all our clients.
OUR TURNKEY SOLUTIONS FOR BUSINESS IN CHINA
Contains everything you need to easily start your company, so that you can concentrate on DOING BUSINESS!
Tax Invoice
Chinese companies put a lot of trust in the government and the Chinese legal system. Hence, they are very likely to inquire whether your company is registered in China. This is a way for them to establish the legitimacy of your business and to ensure that you can provide them with a tax invoice locally referred to as a Fapiao.
China Trademark
The Chinese trademark registration system is based on a first come first serve basis. Hence, it is important to register your brand’s trademark and logo in China as early as possible. Having an international trademark is not helpful as foreign trademark are not enforced in China.
Marketing
You should also consider localizing your marketing by using colors and slogans that appeal to Chinese consumers. Having a slogan in Chinese will also help Chinese customers get a better understanding of the strength and appeal of your brand. Above all, Corporation China in partnership with Brand Asia, offers proven solutions to help you tailor your marketing plan to the Chinese market.
Tesla to build factory in Shanghai Free Trade Zone 100% Foreign Owned
+$6.5 billion Investment
Tesla has registered a new company in Shanghai’s Free-Trade Zone in preparation for this new Giga factory manufacturing project.
- The scope of the business Technical development, technical services, technical consultation, technology transfer in the field of electric vehicles and spare parts, batteries, energy storage equipment, photovoltaic products, wholesale and commission agency (excluding auctions) and import and export business of the above-mentioned similar products, And provide related supporting services, electric car display and product promotion
- Tesla has been set up with 100 million yuan (~$15 million USD) working capital to start.
- The Chinese government has recently announced a change for that rule, which would now allow Tesla to own 100% of an electric car factory in the country.
Whats Needed To Start Your Business In China
Whats Needed To START
1. Do your homework.
find out more about the market and if your services or products will do well in China
[ contact a company like Brand Asia that can help you with market research ]
2. Pick a location
Shanghai, Beijing, and Guangzhou are the major business and industrial centers. The type of business may require you set up in one of these cities. Shanghai counts for one-third of China’s GDP and also easy to find staff that speak good English
3. Choose a Chinese Company Structure
Before registering you need to decide what type of business entity to register. The most common for foreign Investment are Wholly Foreign Owned Enterprises (WOFE), Representative Offices (RO) and Joint Ventures
4. Develop a business plan.
A detailed business plan is crucial because once the government approves it, you will be able to operate only within the business scope, but that can also be changed if needed
Business Plan
5. Organize the necessary documents.
The documents you’ll need to register for a Company will vary from place to place but mostly is just a few passport and company information.
6. Trademark your intellectual property.
Intellectual property violations can be an issue for foreign investors in China.
Trademark is a first to serve the system and is a simple process
8. Open a Bank Account
Once your company is established, you will need to open a bank account and also apply for a tax invoice ( Fapioa) machine
9. Hire staff (if required)
Hiring staff in China might seem complex ,our Yingke HR Division can help
Documentation
SET UP AS AN INDIVIDUAL
- A scan of your passport
- A Personal Bank Reference Letter
- Choose a name for the your China WFOE
- Choose a location for the company in China
SET UP AS A HONGKONG COMPANY
- Notarized copy of Passport of Director and Company Registration Certificate
- Hong Kong Company Registration Certificate
- Hong Kong Company Bank Reference Letter
- The Hong Kong Company will then be the Holding Company for the WFOE We can set up a Hong Kong Company in about 5 days
SET UP AS A COMPANY
- A Passport Scan of the Director(s)
- A Certificate of Company incorporation
- A Company Bank Reference Letter – stating no bad record
- All Documents need to be notarized by the Chinese Embassy.
Bank Account
Opening a China Bank Account
Opening a China Bank Account is a post-licensing service. Corporation China has the knowledge to assist your company during the Bank Account Opening Process. We can Guarantee the China Bank account as we have a partnership with most of the top banks in China. The bank you chose is at your discretion but most of our clients have chosen Bank of China or HSBC. You may contact us for more information about opening a Bank Account and the required documentation must be provided to the Bank during the Process.
Are You Ready
To Start Your Business In China
Get a FREE Consultation with China's Leading Company formation experts
AVA ZHOU
Account Manager
Ava's expertise is in Brands entering China and strategy. She has a legal and Marketing background
She speaks English, Chinese and "Australian"
Our experience with Corporation China was first rate.
Corporation China did an amazing job to make Taylor Swift’s brand a successful in China
Stem Marketing is now one of the leading marketing firm in China
Many Companies have Successfully entered the Chinese market thought their partnership with us
Corporation China offers companies coming to China a turnkey solution that allows for a quick start. We provide everything you need to conduct business in China, from incorporating your company, registering your trademarks, setting up a virtual office, fine-tuning your marketing plan
Got questions?
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info@corporationchina.com
+86 021 5102 1891 (CN)
+1 253 777 0117 (US)
+44 (0) 20 8133 7773 (UK)
+61(0) 2 8006 1867 (AU)
+911166482160 (IN)
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580 West Nanjing Road, office 3506, 35th Floor LL Land Building Jing’an, Shanghai