Shenzhen company registration

Shenzhen Company Registration (WFOE)

If you want to invest in Shenzhen China, you don't turn to the relevant government departments for so many certificates and formalities, but just turn to K&M international. we can not only offer you tailor-made service for your need, but also for your satisfaction.

 

 ONE. OVERVIEW OF SHENZHEN 

Shenzhen is one of the best choices for doing business in China. Situated in the Pearl River Delta, Shenzhen is the first Special Economic Zone since China carried out reform and open-door policy 30 years ago. Shenzhen has an area of 1953 square km`s and a population of more than 10 million. Shenzhen is the best city both for living and working in China, as well as the fastest growing city in the world. In Shenzhen you can enjoy the sound infrastructure and the intensive industrial chain for trading, manufacturing and value investment. Since Shenzhen is bordering Hong Kong, you can also take great advantage and opportunity from the [one country, two systems" policy.

TWO. THE CONCEPT OF WFOE

WFOE stands for wholly foreign owned enterprise, which is a limited liability company wholly owned by either a foreign legal entity or a foreign natural person. The foreign investors may be foreign enterprises or individuals from Hong Kong, Macau, Taiwan or overseas. 

THREE. COMPANY NAME

In Shenzhen China, only Chinese company names are officially used, while English company names are for reference only. Not every name will be accepted by the ICAB (Company Registry). For some sectors such as education, logistics, medicine and food industries, a special pre-approved license is needed. It is important that you know the wording of a company name should conform to the registered capital and business activities. The words "international" or "investment" or "industrial" within a company name suggest that the registered capital should be more than RMB 10 million, while a "group'' or "holding" should be more than RMB 30 and 50 million respectively.(The detailed information depends on the local stipulation). Your company name must be distinguished from the other registered names. If the word [China" is within the company name, it is required to be pre-approved by ICAB at national level in Beijing. 

FOUR. SHAREHOLDER,DIRECTOR, MONITOR &LEGAL REPRESENTATIVE 

Shareholders, directors, monitor and legal representative should be considered and arranged before the business setup. 
1. A shareholder could be a legal person (foreign company) or a natural person (individual). 
2. A director could be acted by a foreign person or a Chinese person. 
3. A monitor should be appointed to supervise the company`s operation and management. A monitor could be acted by a foreign person or a Chinese person.
4. A legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business. The position could also be held by non-shareholder or non-director.