Why to Register a company in Free Trade Zone in Shanghai, China?

Shanghai Free-Trade Zone (Shanghai FTZ) or Shanghai Pilot Free-Trade Zone was officially opened it's door since August 22, 2013. It is the first Free-Trade Zone in China. Since 2017, it becomes one of the most popular destnations to do business in China among our overseas clients. On March 31, 2017, there are 7 more new Free-Trade Zones have been approved in Liaoning, Zhejiang, Henan, Hubei, Sichuan, Shaani and Chongqing. Among them, Shanghai Free-Trade Zone is the best in our opinion.

There are reasons for that.

1. Virtual Address Registration:

It is OK for investors to register a Free-Trade Zone company with a virtual address in Shanghai free trade zone. It's even

OK for a such company to apply for working visa for it's foreign employees with such virtual address.

2. Registered Capital:

No. minimum registered capital is required for a such Free-Trade zone company, and even with such condition, the

reigstered capital doesn't have to be deposit to the company's bank account in Free-Trade zone. We have a client

registered a free Trade-Zone company on Feb. 2017 with capital USD 10,000 and the clients doesn't have transfer this

USD 10,000 from overseas.

3. Offshore bank account and Onshore bank account combined:

Shanghai Free-Trade Zone company can open a multi-currency Free-Trade Enterprise (FTE) bank account. Under this

account, it's possible for the company to recevied payments from abroad in foreign currency and send payments in

foreign currency to overseas without pre-approval from State Adminstration of Foreign Exchange (SAFE). For instance,

a Shanghai Free-Trade zone company recevied USD 5,000 from a Singaporean company. And the Free-Trade zone

company then send USD 3,000 to it's service provider in Japan. Under the FTE account, the bank only needs to submit a

simple due-diligence report to SAFE and then USD 3,000 will be freely to send to Japan.

4. Timing:

It will take approx. 1 month to register a Consulting Free-Trade Zone company in Shanghai. While for a Trading Free-

Trade Zone company, it takes 1.5 months.

5. Transportation:

Shanghai has subway line from City to Shanghai Free-Trade zone.

--Financial Service Industry

--Shipping Industry

--Commerce and Trade Service Industry

--Professional Service Industry

--Cultural Service Industry

--Social Service Industry 

Shanghai Free trade Zone is a Special zone in shanghai that Foreign Companies can register.There is no Registered capital or address needed and set up can be done in 30 work days.