Useful Information

Transport Airports

Shanghai is the only city in China with two civilian airports-Pudong lnternational Airport and Hongqiao lnternational Airport 74 airline companies have launched fil ghts connectiong 183 cities worldwide in 2009,476,900 sorties have departed from and landed on these two airports The passenger handling capacity in 2009 of these two airports is 57 million person-trips.

Inquiries

+86 96900

Metro

The Shang hai Metro which opened in 1995, is the longest network in the world And the system is still growing more new lines and extensions are under construction and plans through 2020 project a system comprising 22 lines and 877 km of length.

Registering a Company

Minimum registered Capital Amounts

  1. Foreign funded commercial enterprises; CNY 500 thousand(wholesale);CNY300 thousand(retail)
  2. Foreign funded investment oriented enterprises:USD30million;
  3. Foreign funded management oriented enterprises:USD2 million;
  4. Foreign funded R&D centers:USD1.4 million;
  5. Foreign Limited Liability Joint Stock Companies :CNY30 million

In lnterim Measures Concerning the Ratio of Registered Capital to Total investment Amount of Sino-Foreign Equity joint Venture Enterprises the State Administration for lndustry and Commerce Provides the following policies regulating the ratio of registered capital to total investment for foreign funded companies

  1. If total investment is equal to or less than USD 3million registered capital must be at least 7/10 of the total investment
  2. If total investment is above USD3 million but less than or equal USD10 million registered capital must be at leas1/2 of the total investment The minimum registered capital must be at least USD2.1 million
  3. If total investment is above USD 10million but less than or equal to USD million registered capital must be at least 2/5 of the total investment The minimum registered capital must be at least USD 5million;
  4. If total investment is above USD30 million registered capital must be at least 1/3 of the total investment The minimum registered capital must be at least USD12 million;
  5. Foreign funded companies that for whatever reason cannot meet the guidelines listed above should report to the Ministry of Commerce and the State Administration of lndustry and Commerce.

Time Limit for the Fulfillment of Registered Capital

  1. Each partner must pay 15%of his total contribution with 3months with the issue of Business License
  2. Registered capital ≤ USD 500 thousand:it must be fulfilled with in 3 months with issue of Business License;
  3. USD 500 thousand < Registered capital ≤ USD 1 million:it must be fulfilled within one and a falf year with the issue of Business License;
  4. USD 1 million < Registered ≤ USD 3 million:it must be fulfilled within two years with the issue of Business License;
  5. USD 3 million < Registered capital ≤ USD 10 million:it must be fulfilled within three years with the issue of Business License;
  6. Registered Capital > USD 10million:to be confirmed by the approving department according to actual situations.

Utility Frees

Water Supply

Acceptance department:City East Power Company Zhangjiang Branch
Address:251 Libing Road
Tel:+8695598

User Type Price(RMB/Cubic Meter)
(Since 1 April 2009)
Drainage Price(RMB/Cubic Meter)
(Since 1 April 2009)
Administrative 2.00 1.8
Industry
Business services

Power Supply

Acceptance e department:City East Power Company Zhangjiang Branch
Address:251 Libing Road
Tel:+86 95598

Unit:RMB/KWhTwo-Part TOU

non-Summer
User Type Price Basic tariff
<1KV 10KV 35KV ≥100KV Maximum Demand
(RMB/KW·Month)
Transformer Capacity
(RMB/KVA·Month)
Industry Peak Time 1.143 1.113 1.083 1.058 39 26
Off-Peak Time 0.715 0.685 0.655 0.630 39 26
Valley Time 0.339 0.333 0.327 0.321 39 26
Summer
User Type Price Basic tariff
<1KV 10KV 35KV ≥100KV Maximum Demand
(RMB/KW·Month)
Transformer Capacity
(RMB/KVA·Month)
Industry Peak Time 1.168 1.138 1.108 1.083 39 26
Off-Peak Time 0.740 0.710 0.680 0.655 39 26
Valley Time 0.274 0.268 0.262 0.256 39 26
Peek Time:8-11 o'clock and 18-21 o'clock
Off-Peek Time:6-8 o'clock and 21-22 o'clock
Valley Time:22 o'clock to 6 o'clock next day

Gas

Acceptance department:Market Development,Shanghai Natural Gas Transmission and Distribution company
Address:No,5588 North Yanggao Road
Tel:+862158995588-3318

User Type Gas Consumption per Month
(Cubic meter)
Price
(RMB)
Residential all 2.10
Non-Residential 100000 and less 2.60
100001 - 200000 2.50
200001 and above 2.30

Telecommunication

Metro Area Networks of China Telecom, China Unicom ChinaMobile and Data Solution cover the park which can provide high- quality voice and data services China Telecom and Data Solution both have Tier 4 IDCs in the park.

China Telecom Zhangjiang Branch
Address:No.755 Zhangjian Road
Tel:+86 21 58953968
China Unicom Pudong Branch
Address:No 900 Pudong Avenue
Tel:+86 21 61201818
China Mobile Zhangjiang Branch
Address:1140 Guanglan Road
Tel:+86 13918710086
Data Solution Co,Ltd
Address:2F,Building 4,498 Guoshoujing Road
Tel:+86 2150800818-159

Typical Price of Internet Access (RMB/Month)
Bandwidth Number of Public IP Address
0 1 5 13
1M 2200 4200 5000 6000
2M 2500 4600 5500 6500
4M 3500 5500 6500 7500
6M 4500 7300 8300 9300
8M 5500 9000 10000 11000
10M 6500 10000 11000 12000
Upfront connection fees, engineering fees according to the investigation of actual circumstances
Typical Price of IDC (RMB/Month)
Per U 300
Per Cabinet (42U) 6300
Excluding traffic and other value-added services changes

Mainly Concerning Taxs

Corporate income Tax

Foreign invested enterprises(Sino-foreign equity joint ventures, Sino-foreign contractual joint ventures and solely foreign invested enterprises) and foreign enterprises which have their organizations established in the Chinese territory and are engaged in production and business are subject to corporate income tax at a rate of 25%.

Value Added Tax

Enterprises or individuals who sell commodities engage in repair and maintenance or import and export business in the territory of China are subject to value added tax in line with Chinese laws. The standard rate for value added tax is 17%,but the rate for a few commodities such as grain cooking oil running water forage fertilizer pesticide and farming machinery is 13%

Business Tax

Enterprises or individuals whose businesses are in the sectors of transportation post and telecommunication finance and insurance construction art sports entertainment and services or who transfer incorporeal properties sell immovable in the territory of China are subject to business tax Business tax rate is 3%or 5% according to different industries.

Stamp Tax

Activities involving purchases and sales processing contracting leasing transportation storage loan lending property insurance technology contract and property transfer vouchers business account books and licenses are subject to stamp tax the minimum rate of a stamp tax is 0.005% and the maximum is 0.1% For licenses and business account books (not including the account books for stating funds ) stamps shall be sticked on to each pieces the price is 5 RMB a piece.

Contract Tax

Accepting units and individuals in transfer of ownership rights for land and housing within the territory of the People's Republic of China should pay contract tax The tax rate is 3%5%.And in Shanghai the common rate of contract tax is 3%.

Additional Tax of Education

The rate of additional tax of education is 3% the calculation formula is (Value Added Tax +Consumption Tax+Business Tax).

Personallncome Tax

The current personal income tax is deducted before employee gets his salary the company is responsible to charge the tax on his behalf The formula is: Taxable income of the month = monthly salary - basic tax waive - personal social insurances, etc.

Basic tax waive is currently 2000 RMB.

Personal social insurances and different kinds of insurance employee should pay to the government like housing allowance retirement insurances medical insurances and unemployment insurance The company also needs to pay the company's portion of the same insurance for employee which is typically 45-48% of the salary.

Residence Permit

Foreigner with work visa can apply for residence permit 1-5 yeading to different conditions For details please contact Shanghai Entry-Exit Admin Bureau:

Address:No.1500,Minsheng Road Pudong New Area information
Telephone:+86 2128951900