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內(nèi)容摘要： How Hong Kong People Can Register a Shenzhen Company a...

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How Hong Kong People Can Register a Shenzhen Company a€“ A Step-by-Step Guide

Everything You Need to Know Before Registering a Company in Shenzhen

As Hong Kong's neighboring city, Shenzhen has been one of the major business hubs for Hong Kong people. In recent years, more and more Hong Kong people have started to set up companies in Shenzhen due to its attractive business environment and convenient transportation. However, for Hong Kong people, the registration process for a company in Shenzhen may differ from that in Hong Kong. Here is a step-by-step guide on how Hong Kong people can register a Shenzhen company.

1. Understand the Different Types of Companies in Shenzhen

Before jumping into the registration process, Hong Kong people should have a clear understanding of the different types of companies in Shenzhen. There are three types of companies in Shenzhen, namely, a wholly foreign-owned enterprise (WFOE), a Sino-foreign joint venture (JV) and a representative office. WFOE is the most common type of company for foreign investors to register in China, including Hong Kong. A JV is a company with both foreign and domestic investors, while a representative office is not allowed to carry out business activities.

2. Choose a Name and Prepare the Necessary Documents

After deciding on the type of company you want to establish, you need to choose a name for your company. The name should follow the requirements of the Chinese Company Law and the Shenzhen Administration for Industry and Commerce. The next step is to prepare the necessary documents, including a business plan, articles of association, and personal identification documents.

3. Find a Local Partner and a Registered Address

For the registration of WFOE and JV, Hong Kong people need to find a local partner who can hold at least 25% of the shares. It is also required to have a registered address in Shenzhen for the company. The registered address can be a rented office or a virtual office.

4. Submit the Application to the Administration for Industry and Commerce

Once the above steps are completed, the company can start to submit the application to the local Administration for Industry and Commerce. The application usually takes about two to three months to be processed. During this time, Hong Kong people can also apply for other necessary licenses and permits.

5. Open a Bank Account and Register for Tax

After the company is registered, the next step is to open a bank account and register for tax. Hong Kong people should apply for the tax identification number (TIN) for their company at the local tax bureau. It is important to note that Hong Kong companies should also comply with the double taxation agreement between Hong Kong and China.

Conclusion

The registration process for a Shenzhen company may seem complicated for Hong Kong people. However, with the above step-by-step guide and some professional help, Hong Kong people can successfully establish a company in Shenzhen and enjoy the benefits of operating in one of the most dynamic cities in China.