Company Registration in Qianhai Free Trade Zone

Established in 2010, the “QianHai Shenzhen-HongKong Modern Service Industry Cooperation Zone” is an area to the West of Shenzhen created to enhance business in the logistics, service, creative, financial, and IT fields in China with the close cooperation with Hong Kong.

This 15 km/Sq area is extremely close to the Hong Kong Border in Nanshan district, and aims to entice businesses in the above fields to the city by offering preferential tax rates, investment opportunities, and low cost office space amongst other benefits.

Despite being in mainland China, QianHai will also more closely resemble Hong Kong, with Hong Kong educational and medical organisations and facilities authorised to operate within the zone in exactly the same way as they are accustomed to in Hong Kong itself.

With enormous Chinese government investment of around 400 Billion CNY (US$65 Billion) and many other investors offering incubator and venture capital investment, if you’re in one of the zone’s preferred industries the question is, can you afford not to at least consider opening a QianHai company in Shenzhen’s fastest growing CBD?

QianHai Company Setup Benefits

• Ultra low corporate income tax (CIT) of 15% until December 2020 (even Hong Kong’s is 16.5%, and Mainland China is generally 25%!)
• CIT Tax breaks for certain industries where tax exemption lasts for 2 years from their first profitable year, and is subsequently charged at 50% (of the standard 25% CIT rate) for the next 3 years
• ‘Green’ companies rewarded with CIT tax breaks
• VC SMEs eligible for CIT tax breaks
• Businesses may account for 30% of their income from none-preferential business activities, meaning that companies have more flexibility in how they can trade
• Foreign high-end talent, skilled foreign workers, may be eligible for individual income tax reductions by subsidy if the income tax equals 15% or more of their total taxable income
• Reformed tax declaration, making it easier and faster for companies to handle their taxes in China
• Close proximity to Hong Kong and the main cities of the PRD
• Can get loans from Hong Kong banks in CNY, but with Hong Kong loan rates
• Billions of CNY in government grants for preferred industries
• Easy access to Hong Kong and overseas banks, many of whom choose Qianhai as their local HQ
• Hong Kong CPAs may provide their services within the zone as partners of local accounting firms, as may various other registered Hong Kong professionals
• Hong Kong education providers may set up international standard schools within the zone
• Hong Kong medical service providers may set up international standard healthcare service providers, such as clinics, within the zone
• Hong Kong and Macau telecoms providers may set up a joint venture with Chinese firms in order to offer international class telecoms services for the zone
• World class logistics, be it the custom built port, or the numerous local international airports
• Youth entrepreneur innovation hub offering subsidised company start up costs, research, networking with Hong Kong peers, and venture capital opportunities for younger entrepreneurs

As you can see, the “QianHai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” is an exciting proposition for companies in the right fields,and Hongda Business Services is ready to help you set up your Qianhai company quickly and easily!

Setup Procedure For QianHai Companies

• Apply for the company name
• Gain pre-approval to register the company
• Prepare the application with you
• Submit the application to the QianHai authorities for approval
• Once approval is gained, submit the application to the secretary of commerce to register the company
• Complete registration process
• Once registration is complete, return legal documents to you and your QianHai company will be open and ready for business

Company Incorporation Services Include:

• China Company Incorporation
• Company Registration in Qianhai Free Trade Zone
• Hong Kong Company Incorporation
• Foreign Investment Manufacturing Enterprise
• Foreign Investment Trading Enterprise
• Foreign Representative Office
• Foreign Investment Consulting Enterprise
• Sino-Foreign Equity Joint Venture
• Sino-Foreign Co-operative Joint Venture
• Transformation of "Processing & Assembly" Companies
• WFOE in Shenzhen, China