In 2015, Shanghai's GDP dominated the city list in China, and ranked second only to second to Tokyo, Japan in Asian cities. Shanghai is one of the world's most famous financial centers, and one of the world's largest metropolitan areas.
Shanghai port has the world's largest cargo throughput and container throughput with the reputed international port. Shanghai owns the first free trade zone in China - Shanghai pilot free trade zone, which brings more new vitality to the economic development.
How to Start a Shanghai Company？
Unlimited Liability Company
An unlimited liability company means the company’s shareholders bears unlimited liability for the debts of the company. Unlimited company is the initial form of the company's registration structure, it is available to make full use of the advantages of shareholders of personal credit to trade or borrowing. The major disadvantage is that shareholders undergo big risk and have difficulties in financing. Even worse, personal assets assume unlimited liability for the company's debts.
Owing to the unlimited liability all shareholders undertakes, there’s another company type become popular with the foreign investor called partnership company. Partnership is divided into two kinds, ordinary partnership and limited partnership.
According to the responsibility and obligation stipulated in the registration legitimate file, the partnership enterprise, some shareholders need to assume unlimited liability, some shareholders limited liability.
A joint-stock company refers to an enterprise whose property is jointly funded by two or more investors and formed in the form of shares. The joint-stock enterprises in China mainly have two forms of organization, i.e. company limited by shares and the limited liability company (including the wholly state-owned company).
Limited Liability Company
Shareholders bears limited liability for corporate debt in limited liability company. The most common and most frequently used business structure used for foreign investors is WFOE (Wholly Foreign Owned Enterprise).
Shanghai Company Registration in Hot Industries
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