March 2012

A Good News For the Business Invstors in Shenzhen - Ella Xu

From 1 January, 2012 to 2014, Shenzhen Industrial and Commercial Bureau (ICB) who is responsible for issuing Business License will stop charging administration registration fee to all new formalized company.  For example, the investor will save about RMB5, 000 if the regsitered capital of the new company is RMB 1M.   In the meanwhile, the administration charge for increasing Registered Capital for old company is stopped too. 
After the Congress Meeting of this year, the central government is also considering lowering the tax burden of middle and small size company feasibly and furtherly.