Large business setup in Shanghai
Starting a large company requires thorough preparation and effort, with specific challenges and considerations to be mindful of when establishing a corporation. We will explore the benefits of launching a large company in Shanghai and how our tailored solutions can aid in your success.
The process of setting up a large business
Creating a big company in Shanghai is similar to establishing a small or medium-sized business. Nevertheless, because of its size and intricacy, the formation of a large enterprise usually necessitates more time and resources. The steps in the process are as follows:
Choose a business name
The enterprise name must be original and not currently being used. The website of the Shanghai Trade Registry can be used to verify the availability of a name.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your major company. We offer expert advice on Limited Liability Company, Joint Stock Company, Branch Office, and Holding Company to assist you in making a well-informed decision that meets your specific needs and long-term goals.
Set up legal address
When starting a business, it is crucial to have a legal address because it is the primary point of contact for government agencies, legal authorities, and important business correspondence. Selecting a legal address that complies with local regulations and meets the needs of your business is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing detailed and tailored documentation that aligns with your company’s structure and objectives. We ensure compliance with all legal requirements and will handle the filing on your behalf.
Open a bank account
We will help you with the entire process of opening a bank account, making sure that your company adheres to regulations and selecting a trustworthy financial institution for your account in Shanghai.
Company registration
We manage the registration process with organizations such as the Trade and Companies Register and tax authorities, taking care of all the administrative tasks for you. This ensures that your business is legally recognized and compliant from the very beginning.
Setup accounting
In order to successfully start a major business, it is critical to keep precise financial records. Our team of accounting professionals can assist in setting up efficient accounting and bookkeeping procedures that adhere to Shanghai’s regulations.
Large business examples
There are various industries and sectors where large businesses operate, each having unique requirements. Here are some examples of large businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Shanghai
Shanghai is an attractive location for creating large businesses, providing numerous benefits:
Strategic location
Shanghai is a desirable location for companies seeking opportunities in one of China’s main economic centers due to its economic importance, well-developed infrastructure, and promising trade and finance prospects. Situated strategically on the Yangtze River Delta and boasting a dynamic business environment, Shanghai offers various benefits for businesses aiming to establish themselves in the area, supported by government efforts to encourage investment and growth.
Favorable tax regime
Shanghai, being a part of China, has a corporate income tax rate of 25%, with varying rates for certain industries and investments. Its status as a prominent financial and business center draws international corporations to its dynamic economic landscape.
Banking
The global financial services, investment opportunities, and connections offered in Shanghai’s international banking hub make it an attractive destination for investors looking for a major financial center in China’s key economic hub.
Our Large business setup solutions
We understand how valuable your time and resources are, which is why we offer two convenient solutions to make the company formation process easier.
Business formation online
By utilizing the online platform offered by Shanghai, individuals can start and finish the process of setting up a business from any location globally. The option to track progress, upload necessary paperwork, and access our services via secure digital platforms guarantees a seamless and convenient experience.
Business formation remotely
If you want a more hands-off approach, we are able to manage all the paperwork for you. Our team of experts will handle all the necessary formalities, fill out the needed paperwork, and communicate with the appropriate authorities on your behalf to ensure you feel at ease.
Contact us
Contact us now to schedule a consultation and begin pursuing your business goals. Let’s move forward together.