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2023-05-31 12:10:25
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Exploring the Possibility of Establishing an English Company in Shenzhen
Shenzhen, the fast-developing city in China, has attracted many international businesses to come and invest. However, some foreign companies may face difficulties when they want to set up their businesses in Shenzhen. One of the concerns is whether it is legally possible to register an English company in Shenzhen. This article will explore the possibility and give detailed information on how to do it.
Introduction to Shenzhen’s Company Registration System
Establishing a company in China follows a strict and comprehensive legal process in compliance with China's Company Law. There are different types of business entities, such as State-owned Enterprises, Foreign Invested Enterprises, Wholly Foreign-owned Enterprises, Joint Ventures, and Representative Offices. Depending on the business scope, size, and ownership, foreign investors can select a feasible type of entity to register.
In China's Company Law, there is no such thing as an “English company.” However, foreign investors can still establish companies in China using their unique country or region name, such as "ABC Corporation Hong Kong." If this company wishes to operate in Shenzhen, they will need to register with Shenzhen's local authority and follow the same registration process as local companies.
The China-UK (Shenzhen) Innovation Platform
As one of China's innovation hubs, Shenzhen has established active cooperation with many countries in various industries, including scientific research, medicine, education, and industry. In 2018, Shenzhen and the United Kingdom established the China-UK (Shenzhen) Innovation Platform. The purpose is to encourage bilateral cooperation in high-end industries, science, and technology, promoting exchanges between talented people, and cultivating technological innovation.
Registration Process for Foreign Invested Enterprises in Shenzhen
Foreign investors intending to establish a company in Shenzhen must first seek approval from the Ministry of Commerce or its authorized provincial counterparts. Then they need to apply for a business license at the State Administration for Industry and Commerce before registering with the local government. The following documents are required:
- Business license of the foreign investor
- Certificate of approval (issued by the Ministry of Commerce)
- Articles of Association
- Lease agreement or property ownership certificate for the business premises
- ID cards or passports of the company’s legal representative, directors, and supervisors
- Other relevant documents
Conclusion
Shenzhen is a rapidly growing city with vast opportunities and an attractive market for foreign investors. While there is no such thing as an “English company” in China's Company Law, foreign investors can still establish businesses using their unique names in China. With the registration process, it is legally feasible to establish a foreign-invested enterprise in Shenzhen. Therefore, foreign investors should seek legal advice from Chinese law firms or consult with local government agencies before investing in Shenzhen.
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