Shanghai Foreign Capital Company Setup
Shanghai boast enormous opportunities for foreign investors since it represents one of the most emerging cities economically and it is also the center of trade, culture, and finance. More and more foreign investors made the choice to set up foreign capital company in Shanghai. There are 4,105 foreign-funded companies were established in the January-July period of 2019, up 58.3 percent over the same period in 2018. It is an irreversible trend. Tannet compiled some information as follows of the introduction of Shanghai foreign company setup for your reference.
Advantages for Shanghai Foreign Capital Company Setup
1.Economic leader in China
Shanghai has taken the lead in GDP over recent years in China. According to statistics, both GDP and GDP per capita reach the same level of some developed economies. Recent years have seen steady and continued economic growth in Shanghai, with an economic aggregate of over RMB 3 trillion. Moreover, its economic structure keeps optimizing, both secondary industry and tertiary industry gained sound and steady progress
2.Open Policy Environment
Reform and opening-up is the key to the rapid economic development of Shanghai, many measures have been adopted in this regard. Guided by B&R Initiative, the first China International Import Expo 2018 was held in Shanghai, attracting over 2,800 companies from 130 plus countries in this expo. The Shanghai Pilot Free Trade Zone also represent a great initiative for opening-up. The SHFTZ had made remarkable progress in development, with a total of 55,600 companies established. All those open policies contributed and will continue to contribute to Shanghai economy.
3.Favorable business environment
Shanghai has announced a series of reform measures covering 25 main areas, including company registration and applications for construction permits, to streamline administrative procedures, decreasing over half of the time for administrative processing with nearly 40% of procedures eliminated. These measures adopted are beneficial for building a favorable business environment.
As an international city, Shanghai has most convenient transportation, including railway, air, road and shipping. With high-speed railway, the destinations nationwide can be reached in a few hours. For air transportation, shanghai houses two airports, providing 110 Chinese and international airlines with an airline network. Shanghai Port serves as a major port for China to open up to the rest of the world and do business globally. In 2017, Shanghai Port handled an all-time record high throughput of over 40 million TEUs of containers. The convenient transportation plays an important role in accelerating the economic development.
Types of Shanghai Foreign Capital Company Setup
There are several types of company registration, the following are the most common types for company registration in Shanghai:
1. Wholly foreign owned enterprise (WFOE);
2. Representative office (RO);
3. Joint venture (JV);
4. Foreign invested partnerships enterprise (FIPE).
Tannet is an international group company based in Hong Kong with 20 years experience.We are business services provider, industry investor and platform operator. Through two decades of development, Tannet has formed a far-reaching business network, establishing offices domestically in Beijing, Tianjin, Shanghai, Guangzhou, Shenzhen, Dongguan, Chengdu, Nanchang, Yiwu, Xiamen, Quanzhou, Hong Kong, and Hainan, and internationally in Malaysia, the United States, the United Kingdom, etc. Tannet provide one-stop turnkey and tailor services to offshore investment, ranging from business start up, business follow up to business speed up and business value up.
If you intend to set up a Shanghai foreign capital company or have other related demand in your business operation, please feel free to contact us, Tannet are glad to offer our professional services for you.
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Last Update : Oct 21, 2019
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