Shenzhen Company Registration
How to expand your business to Shenzhen by setting up Wholly Foreign Owned Enterprise
WFOE
Wholly Foreign-Owned Enterprise
The Ultimate Guide to Shenzhen Company Registration in 2022
Why register a Company in Shenzhen
Shenzhen is an important city in Guangdong Province, China. It creates proportion of the Pearl River Delta megalopolis. The city is in the north of Hong Kong Special Administrative Region. It holds sub-provincial administrative status, with powers slightly less than a province.
Shenzhen has always shown its ambition to be China’s answer to Silicon Valley. Last year, the city payed more than 64 billion yuan (HK$80.46 billion) investing in research and development, which accounts for 4 percent of GDP, only matched by South Korea and Israel.
Corporation China is the leading company registration firm in China. We offer Shenzhen Company incorporation and help you establish a Wholly Foreign Owned Enterprise in Shenzhen. We can also provide the registered address in Shenzhen to Shenzhen or other districts like Luohu.
There are 4 company type’s
of WFOE’s
Start your Shanghai Wholly Foreign-Owned Enterprise Today!
Shenzhen Business Environment
Since the mid-1990s, Shenzhen has focused on seven significant industries: computer software, I.T., microelectronics and components, video and audio products, electro-mechanical integration, and critical projects in light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology, and new materials have also proliferated. Electronics and telecom equipment manufacturing is the city’s largest industry.
Perhaps due to a combination of Shenzhen’s proximity to Hong Kong and its status as the most successful SEZ, Shenzhen is mainland China’s most transparent economy.
Shenzhen Wholly Foreign Owned Enterprise (WFOE)
The registration of a Shenzhen Consulting Company is simple, Wholly Foreign Owned Enterprise, abbreviated WFOE or WOFE, is the first and obvious choice for foreigners looking to do business in Shenzhen. So what is WFOE? The special feature of a WFOE is that the entity is absolutely owned by 100% and capitalized by abroad investors, operates without a local (Chinese) partner. This maintains greater control over your business’s operations, targets, and incomes of the company, to relieve mother company’s affairs to concentrate on its own operations. WFOE is a favorable option for an overseas company that wants to permanently incorporate into mainland China.
Wholly Foreign Owned Enterprise may be capitalized by foreign investors and operated without the need for Chinese partners or employees. It will give you greater control over your business’s operations, revenue, and profit targets. A WOFE is a favorable option for individuals and overseas company that wants to enter the Chinese market.
Shenzhen Wholly Foreign Owned Enterprise
Corporation China is the leading company registration firm in China. We offer Shenzhen Company incorporation and help you establish a Wholly Foreign Owned Enterprise in Shenzhen. We can also provide the registered address in Shenzhen to Shenzhen or other districts like Luohu.
Shenzhen is a valuable city for companies who develop in computer software, I.T., microelectronics and components, video and audio products, electro-mechanical integration, and critical projects in light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, and biotechnology are also on the rise in Shenzhen.
Four typical Shenzhen company’s
Setting up a Company Shenzhen
Operational Structure
A Wholly foreign-owned enterprise (WFOE) could be a company established in Shenzhen in line with Chinese laws and wholly closely held by one or few foreign investors. A WFOE is being able to be a financial obligation company, the liability of the shareholders is restricted to the assets they contribute to the business. Seperate from the easier representative workplace setup that is subject to various limitations, a WFOE will create revenuess and issue native invoices in RMB to its customers, which is essential because invoices are the base for getting tax deductions in Shenzhen.
A WFOE is the complete authority regarding staff hiring 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 Shenzhen to act as an investor.
Shenzhen Registered Address
Corporation China can provide an address to register your Company in Shenzhen. Corporation China will provide a Shenzhen registered address which will be the legal address of your company. A registered address is needed to register your Company in Shenzhen.
We Provide:
- Registered office address in Shenzhen
- Contract Length: 1 to 2 years (renewable)
- One month’s notice is required for contract termination.
- Shenzhen Property layout and other documents.
- Leasing/Rental contract of the Shenzhen office with a tax certificate.
- Quick and easy set up 2 – 3 days.
Corporation China offers turnkey solution
We take of the complete registration of a China Company is not complicated, the limited-liability type company which we call Wholly Foreign Owned Enterprise, abbreviated WFOE or WOFE. It is a commonly used investment instrument for mainland China local businesses.
Corporation China will supply a registered address that will be the legal address of your company. A registered address is essential and legally required to register your company in China.
Shenzhen Bank Account
Opening a Chinese Bank Account is a post-licensing service of ours. Corporation China will try the best to assist your company during the Bank Account Opening Process. To open a Bank Account, you must be present at the bank, but you will be accompanied by an assistant to help with translation and ensure that the process is done correctly.
Corporation China can be Guaranteed a Bank Account for all our clients
Why start your Business in Shenzhen?
Just 40 years ago, Shenzhen was just a small seaside town. Now it’s one of China’s advanced and most important cities.
The new bullet train line launch in Hong Kong in 2018 has made Shenzhen more popular for tourists. Now tourists can reach Shenzhen from downtown Kowloon in about 19 minutes!
The city has been named one of China’s most livable cities and one of the world’s 25 top high-tech development cities. Lonely Planet’s list of the top 10 cities to visit in 2019 ranks Shenzhen second in the world! Tourists recognize Shenzhen as one of the best tourist destinations in the world.
Starting a Consulting or Service WFOE
“Wholesale, commission agency (excluding auction), import and export of XXX products; after-sales services; technology transfer; technology consulting; technology development and different business consulting services.”
Manufacturing WFOEs are corporations engaged in industries like machine producing and electronics, energy; building materials and construction; medical equipment; transportation; and animal and plant raising and breeding. A manufacturing WFOE must rent an industrial plant house as its registered address.
The native Administration of business and Commerce (AIC) can physically check the industrial plant house before registering the WFOE. Additionally, producing WFOEs is needed to get approval from the Environmental Protection Bureau. In some cases, a full report on the calculable environmental impact of the industrial plant issued by an associate-appointed agent is needed, which is meant to confirm that producing production processes fit nominative environmental norms. In addition, the Bureau would require info concerning the raw materials used, the machinery and instrumentation, consumption, and safe disposal of the cyanogenetic product.
An associate example of the business scope of a producing WFOE is:
“Design, develop and manufacture XXX product and connected components and elements, sale of self-manufactured products; wholesale, import, and export of comparable product and commission agency (excluding auction); provision of after-sale services and different associated services to the products; technical consulting, technical development,, and technology transfer.”
Starting a Consulting or Service WFOE
“Wholesale, commission agency (excluding auction), import and export of XXX products; after-sales services; technology transfer; technology consulting; technology development and different business consulting services.”
Manufacturing WFOEs are corporations engaged in industries like machine producing and electronics, energy; building materials and construction; medical equipment; transportation; and animal and plant raising and breeding. A manufacturing WFOE must rent an industrial plant house as its registered address.
The native Administration of business and Commerce (AIC) can physically check the industrial plant house before registering the WFOE. Additionally, producing WFOEs is needed to get approval from the Environmental Protection Bureau. In some cases, a full report on the calculable environmental impact of the industrial plant issued by an associate-appointed agent is needed, which is meant to confirm that producing production processes fit nominative environmental norms. In addition, the Bureau would require info concerning the raw materials used, the machinery and instrumentation, consumption, and safe disposal of the cyanogenetic product.
An associate example of the business scope of a producing WFOE is:
“Design, develop and manufacture XXX product and connected components and elements, sale of self-manufactured products; wholesale, import, and export of comparable product and commission agency (excluding auction); provision of after-sale services and different associated services to the products; technical consulting, technical development,, and technology transfer.”
Starting a Trading WFOE.
“To engage in import and export activities still as domestic distribution (i.e., retail, wholesale and franchising trade activities) in China, a commerce company called a mongrel may be established. Commerce WOFEs will mix completely different business activities, e.g., collection and providing services. Below is an associate example of business scope for a FICE:
“Wholesale, commission agency (excluding auction), import and export of XXX products; after-sales services; technology transfer; technology consulting; technology development and different business consulting services.”
Starting a Manufacturing WFOE.
Manufacturing (Wholly Foreign-Owned Enterprise) WFOEs are corporations engaged in industries like machine producing and electronics, energy; building materials and construction; medical equipment; transportation; and animal and plant raising and breeding. A manufacturing WFOE must rent an industrial plant house as its registered address.
The native Administration of business and Commerce (AIC) can physically check the industrial plant house before registering the WFOE. Additionally, producing WFOEs is needed to get approval from the Environmental Protection Bureau. In some cases, a full report on the calculable environmental impact of the industrial plant issued by an associate-appointed agent is needed, which is meant to confirm that producing production processes fit nominative environmental norms. In addition, the Bureau would require info concerning the raw materials used, the machinery and instrumentation, consumption, and safe disposal of the cyanogenetic product.
An associate example of the business scope of a producing WFOE is:
“Design, develop and manufacture XXX product and connected components and elements, sale of self-manufactured products; wholesale, import, and export of comparable product and commission agency (excluding auction); provision of after-sale services and different associated services to the products; technical consulting, technical development,, and technology transfer.”
An Introduction to Shenzhen
We offer Shenzhen Company Registration and help you establish a Wholly Foreign Owned Enterprise in Shenzhen, and we can also provide the registered address in Shenzhen.