Lenge & Partners
Shanghai Free Trade Zone Company Formation
What is the Shanghai Free Trade Zone?
Shanghai Free-Trade Zone (Shanghai FTZ or SFTZ) is a free-trade zone in Shanghai, 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 (former Jinqiao Export Processing Zone) and Zhangjiang Hi-Tech Park.
The FTZ features a distinctive mechanism for dispute resolution than exists elsewhere in China. Arbitration in the zone is governed by a separate set of Arbitration Rules issued by the Shanghai International Arbitration Center (SHIAC). These introduce several reforms favorable to foreign investment in the FTZ, including emergency arbitration, hybrid mediation/arbitration, and lower barriers to summary procedure. Additionally, arbitrators may be chosen from outside of the official roster maintained by SHIAC, provided they satisfy certain qualifying criteria.
The zone cancels out a number of financial requirements for setting up a company in China, including:
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the minimum registration capital of RMB30,000 for limited liability companies
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the RMB100,000 minimum for single shareholder companies
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the RMB5 million minimum for joint stock companies.
In addition to these financial reforms, the FTZ also introduces a simplified procedure for foreign investors to establish a company in China. The zone introduces a number of reforms designed to create a preferential environment for foreign investment. On 18 September 2013, the State Council of China published a list of 18 service industries to receive more relaxed policies in the zone, including medical services, value-added telecommunications, ocean freight & international ship management and banking. Another important feature of the zone is found in its "negative list" approach to foreign investment, which is permitted in all sectors unless explicitly prohibited by the inclusion of a given sector on the Negative List published by the Shanghai Municipal Government.
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Lenge & Partners Solutions
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If you are an individual entrepreneur or a small company without experience or knowledge about doing business in Asia, or without the right organization and staff to start your business in Asia, we can support you by providing a full range of consulting services. We will follow each step of your business and ensure you the implementation of the best practices for a rapid and profitable development of your business in Asia.
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If you or your company have enough experience and the right organization to do business in Asia, we can strengthen and develop your business with our experience, networking, knowledge and strategies. You can already evaluate our professionalism and transparency by Downloading the Questionnaire that you find below, and send it to: info@lengepartners.com
Your Choice - Our Commitment!
Whatever your chosen solution, Lenge & Partners guarantee you:
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Proper Communication and Fair Disclosure
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Transparency
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Reliability and Efficiency
Our Partners Agencies are all international reputable agencies with long experience in foreign investments in Asia.
We guarantee you a perfect communication to avoid misunderstandings, transparency on services and their real costs, reliability and efficiency by providing high quality services.
All our Agencies can receive payments from abroad, meet or shorten the time required by laws and regulations to set up foreign companies, provide all the relating services (e.g. company formation, opening company's bank account , work visa, accounting services, recruitment, payroll, etc.).