Registering a Company in Shenzhen: What You Need to Know

The process of registering a company in Shenzhen is not complex, so the fees are generally not high. However, the fees can increase if you use a registration agency to handle the process. Generally, companies charge around 500 RMB to register a company, with some offering discounts or even free registration as a package deal with accounting services.

In addition to the basic registration fee, there are a few other costs to consider:

1. Company Name Pre-approval: Free

2. Business Address: 900 RMB per year and up

3. Company Seal: Free

Creating a company seal is free in Shenzhen. The Industrial and Commercial Administration Bureau (ICAB) sends the order to a nearby seal shop, and the company can receive the seal in about three hours. However, if a company wants to change its name, it will need a new seal, which costs between 200 and 500 RMB depending on the size of the order.

4. Accounting and Tax Services

Fees for these services are not standardized, but most small accounting firms charge around 2,000 RMB per year. For larger companies, the cost can be as high as 5,000-6,000 RMB per year, depending on the services required.

5. Bank Account Opening

Opening a corporate bank account does not cost anything, although using a registration agency may add some additional fees. Banks charge an annual account maintenance fee of several hundred RMB.

In order to register a company in Shenzhen, you will need to provide the following documents:

1. Application for Company Establishment;

2. Articles of Association;

3. Proof of legal representative qualifications or natural person shareholder identity card and its copy;

4. Identification and copy of the counselor;

5. Certificate of domicile usage.

Although the fees for registering a company in Shenzhen are not high, it’s important to take into account the additional costs that can accrue. Knowing the full process and requirements can help companies to budget accordingly and get off to a smooth start in the city.