Free Trade Zone Companies Registration
No Registered Capital Needed
No Physical Address Required
move funds in and out of China freely
Set-up in 30 days
No Need to Visit China
Money Back guaranteed
FREE TRADE ZONES IN SHANGHAI
Free-Trade Zones Started in Shanghai. On 22 August 2013, the State Council approved the establishment of SFTZ. Officially launched on 29 September 2013 with the backing of Chinese Premier Li Keqiang, it is the first free-trade zone in mainland China. The zone covers an area of 120.72 square kilometers and integrates four existing bonded zones in the district of Pudong — Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. Since 21 April 2015, Shanghai FTZ's areas are expanded, including Lujiazui Financial and Trade Zone, Shanghai Jinqiao Economic and Technological Development Zone and Zhangjiang Hi-Tech Park. Now except Shanghai, Guangzhou, Shenzhen, Tianjin also have Free Trade Zones. Please watch the video on the right to know more about FTZs.
Benefits of Free Trade Zones
Financial – Foreign banks will be able to establish WFOE or majority-controlled subsidiaries within shorter time frames. The financial institutions are expected to progressively be granted licenses for cross-border financial products. The promotion of renminbi convertibility and relaxed administrative controls will greatly facilitate treasury cross-border fund management for companies – financial and non-financial alike – with regional headquarters in China. Different than other bonded areas, the biggest feature of FTZ is the special custom monitoring system called ‘Domestic but out of Customs’, which means ‘open the A-line (Free Trade Zone and borderline) and control the B line (Free Trade Zone and Non Free Trade Zone)’. This expedited clearance of goods and materials is beneficial in terms of cost and time for logistics companies specifically.
Customs – Overseas shipments will not need customs clearance until a later stage, simplifying the operation of logistics companies within the FTZ. Reducing costs and complexities involved in the logistics could further encourage international manufacturers to set up a regional manufacturing and logistics hub in Shanghai.
Administrative – An important reform which will attract foreign investors is a drastic simplification of the administrative burden of applying for approval and registration within the FTZ. Foreign investors within the zone will be subject to the same application procedure and requirements as domestic investors and the process will require a single application at a single location, provided their business scope is not contained within the “Negative List” for which special approval is needed.
Competitive regulatory and tax environment – new tax policies are being adopted to support innovative business models. Firms may choose to pay Import taxes that apply to imported components, or the Import taxes applying to the finished components.
For individual investors:
The only thing we need is your passport. 2x Passport copies of Investors need be certified by Chinese embassy or consulate. If you are in China please contact us as some cities accept your passport directly.
1. 2x Certificate of Incorporations, Articles of Formation or Equivalent document certified by Chinese embassy or Chinese consulate overseas.
2. 2x Bank Reference Letters from investor’s bank
3. Passport copy of (i) Parent company's director (ii) China company's Legal Representative and (iii) China company's supervisor
4. China Legal Representative provides: 6 photos (2 inches size), brief resume
5. Registered capital;
6. Business Scope;
7. 8 proposed Chinese names of China company
8. Office address in China, 2x leasing contracts, 2x certificate of real estate ownership, and 2x landlord identification, 4x Letter of Authorization