Open a Company in Tianjin Free Trade Zone

About the Tianjin Free Trade Zone

The Tianjin Free Trade Zone (FTZ) offers trading companies a business-friendly environment with key benefits, including tax exemptions on initial imports, streamlined customs procedures, access to multi-currency bank accounts, and a range of warehousing and logistics services. Located near Beijing with excellent transport links and major Chinese ports, Tianjin is an ideal base for companies looking to engage in international trade and capitalize on China’s growing economy.

Key Benefits of the Tianjin Free Trade Zone

1. Tax Exemptions and Incentives: Companies within the Tianjin FTZ benefit from various tax breaks, including exemptions on import duties for the initial entry of goods into China. This significantly reduces the cost of doing business, especially for trading and manufacturing companies engaged in cross-border activities.

2. Streamlined Customs Procedures: The FTZ offers simplified and efficient customs processes that allow for faster clearance of goods. This reduces delays, improves logistics efficiency, and ensures smoother operations for businesses involved in importing and exporting.

3. Foreign Exchange and Multi-Currency Banking: Businesses in the Tianjin FTZ have access to foreign exchange services with a 0% foreign exchange rate, facilitating easier cross-border financial transactions. The ability to open multi-currency bank accounts in the FTZ helps companies manage international trade more effectively.

4. Access to Ports and Logistics Services: Tianjin is home to one of China’s largest and busiest ports, making it an ideal location for businesses engaged in international trade. The FTZ offers a wide range of warehousing, distribution, and logistics services, helping businesses streamline their supply chains and improve their global competitiveness.

5. Proximity to Beijing: Tianjin’s location close to Beijing enhances its strategic importance, offering businesses easy access to China’s political and economic center. This proximity provides companies with greater access to government policies, business opportunities, and a wider consumer market.

6. Business-Friendly Environment: The Tianjin FTZ fosters a relaxed regulatory environment with fewer bureaucratic hurdles, making it easier for businesses to set up and operate. Foreign companies can benefit from a favorable investment climate, including the possibility of full foreign ownership in certain sectors.

Tianjin FTZ Registration Procedure

1. Preparation

Deciding your company’s structure and details.

• Company name in Chinese

• Company name in English (optional)

• Registered address

• Registered capital

• Shareholder/s

• Business scope

2. Document submission

Collection and organizing your company registration application.

• Notarized shareholder/s documents

• Articles of incorporation

• Chinese translations of documents

• Authentication by Chinese embassy

3. Company registration

Application with the administration for Market Regulation (AMR). Your wholly owned foreign enterprise is registered and company chops issued.

• Business license

• Company chop

• Financial chop

• Legal representative chop

4. Corporate Accounts

Opening of your corporate bank account & tax accounts.

• Corporate bank account

• Social insurance account

• Housing fund account

• Tax registration number

5. License applications

Application and issuance of additional licenses if applicable.

• Import / export license

• Food & beverage license

• Alcohol license

• Medicine license

6. Post-registration support

Monthly tax & accounting reports for compliance.

• Monthly tax & accounting

• VAT Invoice (fapiao)

• Payroll & social contributions

• Annual tax return

• Trademark registration