set up a company in Shenzhen
the city of Shenzhen, which is also known as the “Silicon Valley of Hardware”. The city’s ecosystem of entrepreneurs, talent, suppliers, and factories, which makes it an ideal place for hardware startups.
Welcome to the city of opportunity, Shenzhen
Shenzhen is an excellent place to do business for the Chinese and global export markets. It has various advantages that make it a great place to start or expand a business. The city offers tax incentives, resources, and training for entrepreneurs, and helps businesses develop innovative technologies and products. There is also financial support available to help businesses grow.
Tax-Based Incentives
tax incentives in Guangdong–Hong Kong–Macao Greater Bay Area
Shenzhen is the core city of GBA, the local governments have implemented various policies to promote development, including tax incentives and fiscal subsidies, which are aimed at improving the business environment, Shenzhen offering convenient tax services, reducing tax liabilities, encouraging technological innovations, encouraging talent retention, and liberalizing the financial markets. These policies are intended to help Shenzhen enterprises cultivate value-creation and promote talent flow, logistics, capital flow, and information flow.
Operational Support
Get operational support and entrepreneurial business training. Shenzhen provides a wide range of business training, resources and assistance programs are available to help businesses with everything from finding a mentor to taking products and services to a global marketplace.
The Greater Bay Area offers an array of preferential policies, subsidies and financial incentives in all key business aspects including investment, taxation, start-up, intellectual property and employment.
Innovation Support
Shenzhen offers resources designed to enable new and existing businesses to become more competitive through the use of innovative technologies. The Shenzhen SCI-TECH Innovation Bureau, which emphasize the importance of working with industry as a way to leverage Shenzhen’s technology strengths to produce new products. The city also offers other innovation development support resources, including financial incentives, to foster university collaboration, research and innovation.
Set up a 100% foreign-owned Limited Liability Company
There are steps to set up a company in Shenzhen:
- Get familiar with local authorities and institutions departments
- Choose your company name in Chinese
- Choose the legal entity of your company
- Appoint a company secretary
- Rent the registered address of your company
- Prepare the incorporation documents
- Submit to the Business License Registry
- Pay the government fee
- Get relevant permits and licenses
- Keep up with your taxes and financial reporting
If you have any questions about how your business can be a success in Shenzhen, please do contact us — it’s both our job and pleasure to assist.