Shanghai Foreign Investment Zone Company Registration – Wikipedia article
Shanghai Foreign Investment Zone is the first Hong Kong-like foreign trade area in mainland China. The benefits of China’s latest innovation in encouraging Foreign Investment are clear. It is now possible for foreign entities to open a Limited Company in Shanghai’s Free Trade Zone with NO real capital requirements. This is the gateway for an easy, low-risk and fast entrance into the Chinese market.
The Shanghai Foreign Investment Zone was opened Officially at the Shanghai Expat show on the 5 September 2014 by the Shanghai deputy mayor , The french deputy minister of transport Thierry Marianiand Marco Pearman-Parish and distinguished guest
Shanghai Foreign Investment Zone (Shanghai FIZ or SFIZ), officially China (Shanghai) Foreign Investment Zone (Chinese: 上海外商投资区) is a Foreign trade zone in Shanghai, China. On July 01, 2014, the Council approved the establishment of SFIZ and will be Officially launched on September 05, 2014 with the backing of Chinese Shanghai Fengxian Government and it is the first Foreign trade zone in mainland China.The zone covers an area of 74 square kilometres and integrates existing bonded zones in the district of Fengxian. The intention is for the SFIZ is to enable Foreign Companies to enter into the Chinese market more easily and also not have to inject the Registered Capital ( normally USD 120 000).The Companies also do not need to establish a real office but can use the a registered address in the zone. The SFIZ also boast a fast turn around time for approval in 5 days and complete set up in 30 days Shanghai Fengxian Government has appointed an official exclusive partner in the Zone in the company Corporation China a British Consulting Company based in Shanghai. Marco Pearman-Parish said in an interview on CCTV News that the “Shanghai Foreign Investment Zone was truly a Hong Kong type approach to setting up a company in China and that it was a long awaited change to Government policy to do away with the high registered capital”.